TheBlogDog.net: January 2011

Concord Station - Streamwood IL

Concord Station built in 1995/1996 with Concord Builders offering unique Streamwood townhomes with a private entryway and a 2 car garage.  (Google Map on right will take you to Concord Station). Close to two different Streamwood Park District areas with tennis courts, play park and large open areas.  Forest Preserve bike and walking trails nearby.

Commuters to Chicago (Milwaukee West) can have the option of either the Hanover Park or Bartlett Metra Stations depending on the need for express trains and schedules. Both have plenty of available parking.

Possible options in Concord Station could include:  Greatrooms, vaulted Master Bedrooms, walk-in closets, fireplaces, 9 foot volume ceilings, kitchen islands, 2-story Livingrooms, loft areas, 1st floor Familyroom, hardwood floors, bullnosed edging.

Concord Station square footage range from 1125 to 1463 square feet.

There have been 4 sales for 2010 in Concord Station.

Redding Model, 2-story, 2BR, 1.5BA or 2.5BA   2 sales in 2010   $96,000 and $153,000
Quincy Model, 2nd floor, 2BR 1BA or 2BA    2 sales in 2010   $139,900 and $160,000
Sierra Model, 2story, 3BR 1.5BA or 2.5BA
Torrington Model, 2story, 2BR 1.5BA or 2.5BA

If you are looking to sell your home in Concord Station or looking to purchase a townhome in Streamwood, please feel free to contact me so we can begin the process.  I would welcome the opportunity to explain to you how 'Buyers Agency' works to your advantage.

Want to search Concord Station now?  I bet there are a couple of homes on the market for us to look at right now!


Streamwood Homes
Streamwood Townhomes
Streamwood Village Profile

Source:  MRED

Market Update by Price Range -  December 2010

Diligently trying to keep both buyers and sellers informed on the local Elgin IL housing market has been my goal for many years.  This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way!

How can you use this information if you are a buyer?   The price range that you are thinking of purchasing in, is it one of the more active price areas of the Elgin market?  It would also be telling you that there are many other buyers also in your price range all looking for that 'deal!'  

How can you use this information to help if you are a seller?  If you are planning on selling your Elgin Home soon, you can see which price ranges are the most active.  Clearly the price range above $350,000 has been non-existent and rarely sales have occurred.  You might have to plan accordingly for extra market time.  As a seller, you have to be sure that your home's curb appeal and presentation is ‘spot on’ in a market like this.  Possibly some extra updates and staging might be required before you put your home on the market.  Do you know what the average market time is for your price range?

For this market update in Elgin Homes you can clearly see that over 74% of the closed sales have been under the $200,000 price range.  The lowest sales price was $22,000 and the highest was $700,000.  Wow!

What about the foreclosures Lyn in Elgin Homes?  Foreclosures are going to be around for some time and each one that comes on the market is offering a bargain price.  It's good for buyers giving them great purchase opportunities but not for sellers.  The foreclosures are keeping the median sales prices low.  Every foreclosure that is listed at that reduced price actually pulls down the pricing of all the homes in the surrounding neighborhoods.  

Looking for a market expert to help you sell your Elgin Home? If you are researching this update to possibly sell your Elgin Home, please email (on the right) or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.

Looking for a great home in the area? If you are thinking of buying an Elgin Home, please consider me as a 'buyers agent' for your purchase. An experienced veteran, like myself, can steer you through the 'mine field' on your way to your first or tenth home!

Elgin Historic Homes (before 1930)

Streamwood IL Homes - Streamwood IL Real Estate - 4th Quarter 2010 Market Report

How to describe this market for Streamwood IL Homes?   Sluggish, erratic, and unpredictable both for buyers and sellers. Inventory up, sales down.

The months supply of inventory for Streamwood IL Homes has been erratic from 15.7 then down to 8.6 then up to 14.6 months for December.  Where did these homes go?  I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans.  The problem is not solved, only postponed to a future date when the lease expires. Months of inventory or the 'absorption rate' is up 47.7% over 2009.

Another thought that's a little more tragic.  Pre-foreclosures are waiting for the legal process to take place, the property seized and cleaned up and then put on the market again for sale.  This hidden part of our market is called 'shadow inventory'.

What's positive about the market in Streamwood?  It's been very steady from the number of homes that go under contract each month to the average sold prices.  In many surrounding towns there are extreme changes in the inventory, sales numbers, average prices each month. 

Don't forget that during this whole 2010 year the lower end homes are selling first which brings down the average prices for the whole market.  The more foreclosures entering with the lower prices makes the cycle continue.  Buyers are being 'enticed' by all the REO's and foreclosures because why should they buy the same home for $30,000 more?

Move-up buyers have been wanting to move up to a larger home and also take advantage of the interest rates and great prices.  Just one problem - they can't sell their current home.  Same conditions for people that want to down size.

If you are thinking of buying a Streamwood IL Home, please consider me as a 'buyers agent' for your purchase. An experienced veteran, like myself, can steer you through the 'mine field' on your way to your first or tenth home!

If you are researching this update to possibly sell your Streamwood IL Home, please email (top right) or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.


Search for Streamwood IL Homes
Streamwood IL Townhome Foreclosures
Streamwood Community Overview


Sources:  MRED, Agent Metrics

Northwest Suburban Housing Forecast

Inventory slightly up - Sales flat.  That's pretty much how the market has shaped up for 2010.  What is selling is the low end of every price range which will further pull down the average sales prices in the Northwest Suburbs. On updating the graph below over November, all the average sales prices were adjusted downward between $2000 to $4000 except for Elk Grove which stayed the same.

Northwest Suburban sales figures have been slight through the last quarter of 2010. The year has unfortunately ended without much applause.  Even with the added advantage of low interest rates, the sales have just not rebounded as hoped.  All these numbers are compared to 2009 so we've had no increases of any kind whether sales totals (number of units vs. 2009) or average prices.

Dissecting the Northwest Suburban December figures actually show that sales totals have not been bad.  There might even be some celebrating here for a few towns! Bartlett up by 112.5%; Elk Grove was down by only 1 sale; Hanover Park was down by only 1 sale; Hoffman Estates was up by 41.7%; Schaumburg was down by only 2 sales; Streamwood was a real bummer being down -41.7%.  But overall most of the towns did fairly well.

Mortgage rates rose slightly over last month on the average.  Every 1/4 percent increase in interest rates just pushes out that many more needed buyers for our area inventory.  It's a great time to get into a home affordably between prices and interest rates.

Looking for an agent that's really a market expert?  Let's get your Northwest Suburban home on the market and priced right to sell!


Sources:  MRED December Stats 2010

Bartlett IL Homes - Bartlett IL Real Estate - 4th Quarter 2010 Market Report

How to describe this market for Bartlett IL Homes?   Sluggish, erratic, and unpredictable both for buyers and sellers.

The months supply of inventory for Bartlett IL Homes has been erratic from 24.3 to 17.6 then down to 11.6 months for December.  Where did these homes go?  I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans.  The problem is not solved, only postponed to a future date when the lease expires.  Another thought that's a little more tragic.  Pre-foreclosures are waiting for the legal process to take place, the property seized and cleaned up and then put on the market again for sale.  This hidden part of our market is called 'shadow inventory'.

What's positive about the market in Bartlett?  It's been very steady from the number of homes that go under contract each month to the average sold prices.  In many surrounding towns there are extreme changes in the inventory, sales numbers, average prices each month. Better to be boring in Bartlett.

Don't forget that during this whole 2010 year the lower end homes are selling first which brings down the average prices for the whole market.  The more foreclosures entering with the lower prices makes the cycle continue.  Buyers are being 'enticed' by all the REO's and foreclosures because why should they buy the same home for $30,000 more?

Move-up buyers have been wanting to move up to a larger home and also take advantage of the interest rates and great prices.  Just one problem - they can't sell their current home.  Same conditions for people that want to down size.

If you are thinking of buying a Bartlett IL Home, please consider me as a 'buyers agent' for your purchase. An experienced veteran, like myself, can steer you through the 'mine field' on your way to your first or tenth home!

If you are researching this update to possibly sell your Bartlett IL Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.


Search for Bartlett IL Homes
Bartlett IL Home Foreclosures
Bartlett IL Townhome Foreclosures
Bartlett Community Overview


Sources:  MRED, Agent Metrics

Northwest Suburban Housing Forecast

Inventory slightly up - Sales flat.  That's pretty much how the market has shaped up for 2010.  What is selling is the low end of every price range which will further pull down the average sales prices in the Northwest Suburbs. On updating the graph below over November, all the average sales prices were adjusted downward between $2000 to $4000 except for Elk Grove which stayed the same.

Northwest Suburban sales figures have been slight through the last quarter of 2010. The year has unfortunately ended without much applause.  Even with the added advantage of low interest rates, the sales have just not rebounded as hoped.  All these numbers are compared to 2009 so we've had no increases of any kind whether sales totals (number of units vs. 2009) or average prices.

Dissecting the Northwest Suburban December figures actually show that sales totals have not been bad. There might even be some celebrating here for a few towns! Bartlett up by 112.5%; Elk Grove was down by only 1 sale; Hanover Park was down by only 1 sale; Hoffman Estates was up by 41.7%; Schaumburg was down by only 2 sales; Streamwood was a real bummer being down -41.7%.  But overall most of the towns did fairly well.

Mortgage rates rose slightly over last month on the average.  Every 1/4 percent increase in interest rates just pushes out that many more needed buyers for our area inventory.  It's a great time to get into a home affordably between prices and interest rates.
.

Looking for an agent that's really a market expert?  Let's get your Northwest Suburban home on the market and priced right to sell!


Sources:  MRED December Stats 2010

Surrey Woods Townhomes

Sales summary for the Surrey Woods Townhome community in Streamwood IL near 59 and Bode Roads. Very popular area near the Cook County Forest Preserve with wonderfully maintained walking, jogging and bike paths.  Not to mention they have great old oak trees in the area.  There is also a pond and playground area that is maintained by the Streamwood Park District.  Close access up 59 to the Jane Addams Tollway east into Chicago or west towards Rockford.

Surrey Woods is comprised of private entry 2-story styled townhomes with either a 1 or 2 car garage.  Some basements are available but rarely go on the market.  There are 3 models to choose from and some features available are:  decks, palladium windows, 2story Livingrooms, 6 panel doors, catwalk landing, 2-sided fireplaces.  Square footage in Surrey Woods is approximately between 1100 to 1700 square feet.

There have been only 3 closed sales for 2010 in Surrey Woods.

2BR 1.5BA Brimfield Model, 1 car garage.

2BR 1.5BA Cantebury Model, 1 car garage.

2BR 2.5BA, Den, Ashford Model, 2 car garage.   3 sales for 2010     Prices ranged fom $130,000 to $207,500


If you are looking to sell your home in Surrey Woods or looking to purchase a townhome in Streamwood, please feel free to contact me so we can begin the process.  I would welcome the opportunity to explain to you how 'Buyers Agency' works to your advantage.

Want to search Surrey Woods now?  I bet there are a couple of homes on the market for us to look at right now!



Streamwood - Village Overview
Streamwood - What's the housing market like?