TheBlogDog.net: December 2011

Stop right there and start looking for your new Bartlett Townhome here!
 
Thinking that now is the time to make a move?  

Interest rates are now the lowest they've ever been.  I know you're saying to yourself "but you guys told us that last year?"  Well, the interest rates were low then and now they are even LOWER.  Just a few months ago we were quoting an interest rate of 5.125% and now we can say the rate is now at 4.125% which is a full percent less!  What does that mean to you and your wallet?  About a $120 a month savings. That's your cable bill, maybe gas for the month or just one ticket (sorry) to a Bears Game!

There are many great Bartlett values to be had on the market right now and I'm looking for buyers that want to get in the game. The average list price in Bartlett is $156,230 and there are many homes available in the most popular price range of $150,000 to $200,000. The lowest price for sale right now is $53,900 and the highest is $298,750. Variety, styles and selections in all price ranges.

Search Bartlett (2 car garage) Subdivisions ~

Looking to buy a Bartlett Townhome or Condo and want to work with a buyers agent that's familiar with the area like the back of her hand?

Search for Bartlett Townhomes or Condos here.
Search for Bartlett Foreclosures here.


Lyn, I'd like you to contact me by email as soon as you can! I'd like to get started right away!

Looking to sell your Bartlett Townhome and work with an area expert? Let's work out a strategy to get your Bartlett Townhome sold!

Bartlett IL Demographics
Bartlett Profile
See who sells the most Bartlett Homes?

Disclaimer:  Your interest rate will vary depending on your FICO score and other variables. This was for informational purposes only to show you an example of monthly savings.

Positive Signs continue in our Northwest Suburban Real Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings. For November, Hanover Park Single Family Homes have now reached the number of 2010 closings and Hanover Park Multi-Family are down 31% over 2010.  

For Hanover Park there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding markets the average sales prices are now stabilizing.  If all goes well, our next trend will be for prices to finally level off and slight increases to begin in our area. I should point out that how much inventory we have going into winter is very important and we currently are holding near 8 months supply.  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.

My summary shows painfully slow growth and sales have been erratic at best at the beginning and again for the end of this year.

Hanover Park Home supply declined (yipee) for November at 4.5 months from October's 7 months.  Homes under contract was 16.2% of inventory which is excellent and above surrounding area sales.

The median sales price is now $100,000 from $124,900 just the month before showing that the absolute lower end homes are selling first.

 

 
 
Looking for an agent that knows this fluctuating market?  Give me a call to discuss your housing situation and needs.

Search Hanover Park Homes
Search Hanover Park Townhomes

Positive Signs continue in our Northwest Suburban Real Estate Market for the 8th consecutive month. We are moving ahead with recovery here and sales have successfully reached above the 2010 level of closings.  For November, Bartlett Single Family Homes are now 32% above 2010 closings and Bartlett Multi-Family are now up 17% over 2010.  

For Bartlett there are still no price gains calculated with foreclosures still leading the way in current sales.  What is promising is that in a few different surrounding markets the average sales prices are now going up.  If all goes well, our next trend will be for prices to finally level off and slight incre,ases to begin for Bartlett. This also would have to take into account how much inventory we have going into winter and we currently are holding near 8 months supply.  We are at a dangerous teetering point here where we can continue to move ahead or have a stall out and slowdown that will continue through our winter.

My summary shows slow growth and first time home buyers or investors have decided to jump in the market to snatch up all those townhouses and condos we've got. It's a good idea for investors as most sales prices will equal a positive cash flow. I've been in multiple offers again for the low end price ranges.

Bartlett Home supply declined (great) for November at 5 months from October's 6.5 months.  Homes under contract was 14.5% of inventory.

Looking for an agent that knows this fluctuating market?  Give me a call to discuss your housing situation and needs.

Search Bartlett Homes
Search Bartlett Townhomes