RealEstateConsumerInfo.com: Illinois: Bloomingdale

Bloomingdale Homes - Bloomingdale IL Real Estate Market Update 2010

How to describe this market for Bloomingdale Homes?  Unfortunately, up ... down ... all around!

Over the final quarter of 2010, inventory for Bloomingdale Homes was at 12.1 then up to 18.6 months then ending again at 12.1.  Where did a large portion of 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.  

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

Real estate is very unique with a possible 60 day lag time between contract and actual closing.  So you could see in current pending statistics whether activity has increased or decreased. With the numbers shown, the pending sales for Bloomingdale Homes are increasing.

Interest rates are still low coupled with great prices and values, buyers should be out in droves to take advantage of this opportunity. 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 Bloomingdale 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 Bloomingdale Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.


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Sources:  MRED, AgentMetrics

How to describe this market for Bloomingdale Homes?  Unbelievable!

A now retired agent in my office used to say this to encompass every conceivable change or option and still stay positive!  I'm going to loudly reiterate that phrase to update you on recent Bloomingdale Home sales. But really it's been odd and slow.

Over the last 3 months, inventory for Bloomingdale Homes was climbed from 8.8 months and ending at 15.7 months.  Added inventory is going to make your home take longer to sell (especially going into the winter months).  More inventory is great for buyers but not welcomed obviously as a seller.  Keeps prices down and sellers are competing harder to get buyers attention with either lower prices or incentives.

Percentage of Listed Bloomingdale Homes that go under contract each month.

Real estate is unique with a 60 day lag time between contract and actual closing.  So you could see in the current pending statistics whether activity has increased or decreased.  Despite the numbers shown for September, the pending sales are at the same levels as that of May.  'Steady as she goes but the sales trend is down'.  So much for the tax credit - the final extended closing date for buyers was September 30th.  The numbers now are finally in and my personal opinion on it's success to stimulate the market has been pathetic.

Median numbers on the List to Sales Price Graph are varied because a higher priced property was recently sold to bring the numbers to $490,500.  Most sales taking place are in the first time or lower end of the market which is again seen in the $270,000 number for September.  Move up buyers are not joining in the market possibly because their current home cannot be sold in order to move up (or down) to another home.




Unbelievable!  Interest rates are at an all time low coupled with great prices and values, buyers should be out in droves to take advantage of this opportunity.  If you are thinking of buying a Bloomingdale 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 Bloomingdale Home, please email or call to discuss the advantages of my marketing abilities and getting your home turned to 'SOLD'.


Search for Bloomingdale Homes
Bloomingdale Home Foreclosures
Bloomingdale Townhome Foreclosures

Looking for a home in the Bloomingdale IL area?  

 Check out what's available in Bloomingdale IL Homes now!  Interest rates are at a 40 year low so why not take advantage?

These are the current market numbers and availability for Bloomingdale IL Homes.  Lots of great home selections (95 total) with some below the $200,000 range and we've got great custom construction for price ranges above 1 million!  Best selection is between $200,000 to $300,000. The current average listing price for Bloomingdale IL Homes is $445,303.  Some 'handyman specials, foreclosures and fixer uppers' are available for buyers trying to get instant equity in the market by doing the work themselves!  Some start at just $169,500 so you better get movin'.

To search for what's currently available in Bloomingdale IL Homes, please go directly to the home search page (below) to get started.  Other interesting articles and ideas for sellers or buyers are also available at my main website to make you market "savvy" before you start your home adventure!  Check it out when you get a few minutes.

Bloomingdale IL has three grade school districts because of it's unique boundaries - Bloomingdale District 13, District 93, and Keeneyville District 20.  I can provide you with lots of information about school districts and the schools themselves.

Private School Information

There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include Bloomingdale homes.  Sellers are competing to make their home standout and enhance their marketability.  Prices have held between 4 to 6% from the listing price over the recent months.

Here is a chart of the ACTIVE Single Family Bloomingdale Homes by price range with the market times posted as 'average days on the market.'

There currently are 93 single family homes available for sale with an average market time of 219 days.  The average list price is $489,378 and the highest listing price is $1,700,000.  The largest and best selection of Bloomingdale homes occurs in the $250,000 to $350,000 price range. The lowest price is $175,000 which would be considered a 'value price' at any time of the year.  I always like to call these my 'Internet deal alerts' and post them on a regular basis.

Begin your up to the minute search for available Bloomingdale homes.

I'm looking for Bloomingdale Townhomes.

Bloomingdale Home Foreclosures/REO's
Bloomingdale Townhome Foreclosures/REO's


Please contact me Lyn, I need more information!




   Lyn Sims              (847)230-7324
                                         RE/MAX Suburban
                                     Bloomingdale Homes


 

BUYING A HOME SOON? You want to find the best home or property for your needs and to make the wisest investment possible. Lyn Sims understands the importance of this major purchase to you and has the essential knowledge to ensure your buying experience is a smooth and successful one!

Here's a dozen reasons why Lyn Sims can help:

1. Determine your buying power and criteria.
2. Research available properties in your market via many resources such as the Multiple Listing Service (MLS) and a broad network of REALTORS - even if you are locating to another city.
3. WE HAVE ALL THE PROPERTIES LISTED FOR SALE IN ONE PLACE - THE MLS!  No need to go jumping around from site to site to find a home. (START MY SEARCH NOW)
4. Show you properties that meet your specific criteria.
5. Give you objective information about each property.
6. Negotiate a price that fits your budget.
7. Help you understand different financing options and identify qualified lenders. We still do offer 100% financing to qualified individuals! 
8. Provide up-to-date information on property values, real estate taxes, municipal services and facilities, and local zoning changes.
9. Recommend home inspection services to help analyze the structure and condition of the home.
10. Understand the complex paperwork and steps for the purchasing process.
11. Serve as your advisor from "offer through closing".
12. WE DON'T COST YOU A THING - Zip, Zero, Zilch!  As a buying client you pay no fees for our services.

Lyn Sims, a veteran realtor in the Northwest Suburban Area, wants to help you find your next home.  Go to the "Consumer Advisor" section of her website to learn more tips, suggestions and plain advice on searching for your new home!

BLOOMINGDALE SINGLE FAMILY HOMES - Median List Price is $429,900 with an average Days on Market of 170.  There are currently a total of 78 homes on the market with the lowest price of $259,900 and the highest price of $1,700,000.  The best selection of homes are priced in the $300,000 to $349,900 price range.

Status: Active             Property Type: Detached Single               Area: Bloomingdale   Months Back: All Months

Active Listings

List Price Range # Listings Avg. Days on Mkt $250,000 - $299,999 7 118 $300,000 - $349,999 13 180 $350,000 - $399,999 12 156 $400,000 - $449,999 10 131 $450,000 - $499,999 2 119 $500,000 - $549,999 8 185 $550,000 - $599,999 2 299 $600,000 - $699,999 5 176 $700,000 - $799,999 8 260 $800,000 - $899,999 3 34 $900,000 - $999,999 4 145 $1,000,000 - $1,999,999 4 237

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 78 170 $429,900 $545,362 $1,700,000 $259,000

Lyn Sims RE/MAX Suburban (847)230-7324 works in the NW Chicagoland Suburbs of Bloomingdale, Itasca, Schaumburg, Hoffman Estates, Palatine, Roselle, Elk Grove, Medinah, Bartlett, Elgin, Hanover Park, South Elgin, Carol Stream, St. Charles areas.

Please contact me Lyn for more information!

Email Lyn at LynSims@remax.net