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Schaumburg Real Estate and homes market update-last 3 months!

Single Family
Active 241
Under contract 43
Sold and closed 55
Average days on the market 157
Condos/Townhomes
Active 436
Under contract 90
Sold and closed 97
Average days on the market 128
Schaumburg Real Estate hasn’t changed much in the past month. If you are priced right and are willing to wait it out it will sell. There still is a high number of homes available in Schaumburg. It will take some time before the inventory reduces. It is a great time to buy Real Estate in Schaumburg! Rates are very low and sellers are willing to get the deal done!
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Schaumburg Real Estate and homes market update-1st quarter of 2008!

Single Family
Active 214
Under contract 48
Sold and closed 37
Average days on the market 151
Condos/Townhomes
Active 410
Under contract 105
Sold and closed 106
Average days on the market 125
Schaumburg Real Estate is selling better than most areas! About 20% of what’s on the market is under contract now, that is an improvement!! If you are priced right and are willing to wait it out it will sell. There still is a high number of homes available in Schaumburg. It will take some time before the inventory reduces. It is a great time to buy Real Estate in Schaumburg! Rates are very low and sellers are willing to get the deal done!
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Here are your yearly Stats for all the properties sold in Schaumburg for 2007!

Single Family
There were 255 homes sold in Schaumburg last year. The average list price was $377,560 and the average sale price turned out to be $361,208. It looks like once the sellers adjusted and maybe reduced their price they ended up selling within 96% of their list price at an average market time of 134 days!
Condos/Townhomes
There were 798 Attached properties sold in Schaumburg. Average list price was $202,526 and the average sale price was $197,560. The sale/list price ratio was higher at 98%. The market time was only 76 days!
As you can see homes are still selling in Schaumburg. I am confident that more and more buyers will come out this year and take a look at Schaumburg homes and Real Estate. With record low rates and the amount of listings to choose from in Schaumburg it would be hard for buyers not to enter the market!
Here is what the Schaumburg Real Estate market looks like now.

Single Family Townhomes/Condos
Total Listings: 220 Total Listings: 459
Available: 198 Available: 373
Under Contract: 22 Under Contract: 86
Closed: 30 Closed: 93
Schaumburg Real Estate seems to be trending the same as most suburbs. The amount of listings have decreased in the last month. The number has gone down possibly because a lot of sellers may want to relist in the spring. This coming year is going to be the best buyers market in many years for the Schaumburg area and surrounding!
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Your Schaumburg Market update
Single Family Townhomes/Condos
Total Listings: 259 Total Listings: 471
Available: 242 Available: 423
Under Contract: 21 Under Contract: 86
Closed: 37 Closed: 98
There seems to be quite a few attached properties available in Schaumburg. Keep in mind Schaumburg has more attached properties to start with. There is about 20% of the attached properties under contract which is higher than most in the Northwest suburbs.
A quick look at single family homes for the past 3 mos in Schaumburg:
| Total | Avg LP | Avg MT | ||
| Sold | 48 | $346,998 | 149 | |
| Active | 268 | $426,080 | 155 | |
| Under Contract | 22 | $354,834 | 174 | |
| Other | 0 | $0 | 0 |
| Max | Min | Avg | ||
| LP (33 |
$1,250,000 | $189,900 | $410,212 | |
| SP (4 |
$700,000 | $225,000 | $332,281 |








