RealEstateConsumerInfo.com: Illinois: Medinah

Looking for a home in the Medinah IL area?  

  Check out what's available in Medinah 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 Medinah IL Homes. Home selections total 36 with some below the $250,000 range and we've got great custom construction for price ranges above 1.1 million!  Best selection is between $350,000 to $400,000. The current average listing price for Medinah IL Homes is $466,442.  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 $229,000 so you better get movin' on those!

To search for what's currently available in Medinah 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.

Medinah IL has a few school districts because of it's unique boundaries - Medinah District 11 being the main. Other area districts.  I can provide you with lots of information about school districts and the schools themselves.

Private School Information

RE/MAX is a third more effective than the next competing real estate company in Medinah for 2009! That's alot of real estate!

Looking to get your home sold in this tougher market?  I'd love the get the job done!

Looking to buy a home and want someone experienced to help you avert the potential potholes?

Give me a call or email me so we can get started today!


Medinah IL Market Share 2009

This is the 'Months Supply of Inventory' for Medinah IL Single Family Homes for 2009.

This number is also called the 'Conversion Rate' or the 'Absorption Rate' which is how long and how much inventory is on the market in that particular town. Obviously, the higher the rate, the longer the market time for homes in that community.

Does your agent know the 'Absorption Rate' and will they share that information with you? It shouldn't be kept a secret because it plays a pivotal role in how your home should be marketed.

So we obviously have different levels of 'Absorption' in the market and I've tried a humorous visual demonstration for you.

Q tip Rate - nothing much getting sold.

Toilet Paper Rate - I think a few Buyers are out there but they are just sitting there and spinning their roll.

Empty Toilet Paper Rate - Just OK, nothing terrific, steady as she goes, things are looking up!

Generic Paper Towel Rate - Buyers are remembering about the tax credit deadline, still cautious and mulling over values.

Bounty Towel Rate - This is where Sellers might see a micron of appreciation. The market is faster than this 'picker upper'.

Fluffy Towel Rate - Pretty darn good, feels good too!

Sham Wow Rate - This is the good old days of Real Estate!  Homes don't sit on the market at all!  Sellers are happy and Buyers are mad during this level. All is right with the world!

 

Well, let's come back and discuss the current market for Medinah IL homes! The good news is that the inventory is down by 10% over a year ago of December 2008. Either people are not moving and changed their plans, have given up or possibly rented their homes. It could be a variety of circumstances.

 

December 2009's sales rate was 1 under contract vs. November's 2.  Homes under contract are highest in October with 4!  December and January are expected slow months and sometimes even slower depending upon how much snow we get!  

 

If you are thinking of purchasing or selling in Medinah, please consider me your neighborhood expert.  I would welcome the opportunity to meet with you and discuss your options in today's marketplace.

 

Illinois Home Sales
REO's and Foreclosures - Think they could be possibly for you?
Average Closing Costs in IL
203K Loan - Know what it is?
Zip Skinny for Medinah

                       

 

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

 

 

I proudly serve and sell real estate in the Northwest Suburbs of Chicago.  If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

 

Disclaimer:  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Resources:  MRED MLS

Medinah IL Homes - Months Supply of Inventory ©2010 Lyn Sims - RealEstateConsumerInfo.com and RealEstateBuyMe.com

Looking for a home in the Medinah IL area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are stable and recently lowered despite all the media hype and is available to all with fairly decent credit.  

These are the current market numbers and availability for single family homes in Medinah IL.  A few selections below the $400,000 range and we've got great custom construction for price ranges above that!  The median listing price for Medinah is $454,950.  Some "handyman specials, foreclosures and fixer uppers" are available for buyers trying to get "instant equity" in the market by doing the work themselves!  There probably is a deal out there waiting for you!

Lowest Price is $278,900 and the Highest Price is $1,425,000 with the Average Days on Market of 227.

To search for homes currently available in the surrounding Medinah area, please go directly to my homesearch page to get started.  Other interesting articles for sellers or buyers are also available at www.LynSims.net to make you market "savvy" before you start your home search!

Area Market Survey CriteriaStatus: Active                                                                                                    October 13, 2008

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

Active Listings for Medinah IL

List Price Range # Listings Avg. Days on Mkt $250,000 - $299,999 3 202 $300,000 - $349,999 9 258 $350,000 - $399,999 6 219 $400,000 - $449,999 2 73 $450,000 - $499,999 5 336 $500,000 - $549,999 2 94 $550,000 - $599,999 2 96 $600,000 - $699,999 5 262 $700,000 - $799,999 5 186 $900,000 - $999,999 2 277 $1,000,000 - $1,999,999 1 306

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 42 227 $454,950 $527,400 $1,425,000 $278,900

If you are looking to buy or sell a home in the Medinah/Roselle/Itasca area, please feel free to contact me, Lyn Sims of RE/MAX Suburban at (847)230-7324.  I can provide you with any information on many of the area communites and show you the latest homes that are available on the market!

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

Selling in the NW Chicagoland Suburbs of Medinah, Roselle, Itasca, Elk Grove Village, Schaumburg, Hoffman Estates, Bloomingdale, Elgin, South Elgin, Hanover Park, Bartlett, Carol Stream, St. Charles Illinois areas.

 

Homes for Sale in Medinah IL©2008 Lyn Sims - RealEstateConsumerInfo.com  All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

Medinah IL Real Estate, Single Family Homes Available, Lyn Sims RE/MAX Suburban (847)230-7324

THIS IS THE TIME FOR BUYERS - GET READY TO POUNCE!  There is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the MEDINAH IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition. 

Sellers are flexible!  Lots of Inventory = Buyer Benefits!   SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!

Here is a chart of ACTIVE homes in Medinah with the MARKET TIMES posted as "Average Days on the Market". 

There are currently 34 homes in various styles and types available with the Average Market Time of 215 days.  The median price is $470,000 and the highest price is $1,425,000. 

 

Area Market Survey Criteria Lyn Sims at RE/MAX Suburban (847)230-7324

Active Listings for Medinah IL                                                                                     5/21/2008

List Price Range # Listings Avg. Days on Mkt $300,000 - $349,999 9 217 $350,000 - $399,999 4 153 $400,000 - $449,999 3 255 $450,000 - $499,999 3 196 $500,000 - $549,999 1 638 $550,000 - $599,999 2 13 $600,000 - $699,999 5 146 $700,000 - $799,999 4 359 $800,000 - $899,999 1 33 $900,000 - $999,999 1 358 $1,000,000 - $1,999,999 1 161

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 34 215 $470,000 $545,422 $1,425,000 $300,000

As you can see the average bracket of pricing for the Medinah IL Area is between $300,000 to $399,900.  To search for homes up-to-the-minute on the market in the Northwest Suburban IL area, please go directly to my MLS search website at www.LynSims.net. 

If you are looking to find or sell a home in the general Medinah area, please feel free to contact Lyn Sims of RE/MAX Suburban at 847-230-7324 or 800-637-9345.  I can provide you with information on many of the areas communities.

Contact me, I'm ready to buy or sell a home!

 

Lyn Sims RE/MAX Suburban 847-230-7324 or 800-637-9345 Outside IL.

Northwest Suburbs of Chicago IL - Medinah, Roselle, Hoffman Estates, Schaumburg, Elk Grove Village, Itasca, Bloomingdale, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, Carol Stream and St. Charles areas.

       

Now is a great time to buy a home, say the financial gurus at the Wall Street Journal.

The Journal calls it a buyers market and offers these suggestions for first-timers getting their feet wet. While their advice is solid, it's not revolutionary, but some potential customers might find it reassuring.

Remember this is a place to live not a stock market investment, they say. Lenders want buyers to spend no more than 28 percent of their gross monthly income on mortgage payments, real estate taxes, and home insurance. Buyers shouldn't count on stretching further because lenders won't approve their loans.

• Cash is king.  Having enough money in the bank to pay closing costs that are typically an additional 2 percent to 3 percent of the price of the home is necessary.

• Location, Location, Location.  As any good real estate professional knows, homes in good school districts where the crime is low are much more likely to hold or increase their value.

• Compare.   Besides just looking at the comps(houses that sold), buyers should examine what it would cost to rent a similar house in the same area and they might consider what it would cost to buy land and build a comparable home.

• Think long haul.  It will probably take at least six or seven years of living in the house to be able to sell and come out ahead.

So this is how the attached market graphs work.  Let's say that your pre-approved purchase price is in the $300,000 to $400,000 range and you would like to start looking for a single family home.  There are currently 14 home selections in that range in Medinah 

OR

You are looking for a townhouse, coach home, or condo in the $300,000 to $450,000 price range and your current selections are 18 shown in the lower graph for Multi-family homes.

 

Lyn Sims at RE/MAX Suburban (847)230-7324                                              4/15/08

Active Listings for Single Family Homes in Medinah IL

List Price Range # Listings Avg. Days on Mkt $300,000 - $349,999 8 206 $350,000 - $399,999 6 137 $400,000 - $449,999 4 183 $450,000 - $499,999 4 110 $500,000 - $549,999 2 388 $550,000 - $599,999 1 601 $600,000 - $699,999 2 187 $700,000 - $799,999 4 376 $900,000 - $999,999 1 321 $1,000,000 - $1,999,999 2 133

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 34 220 $435,900 $529,911 $1,425,000 $325,500

Lyn Sims at RE/MAX Suburban (847)230-7324                                            4/15/08

Active Listings for Condos, Townhomes, Quads, Duplexes in Medinah

List Price Range # Listings Avg. Days on Mkt $300,000 - $349,999 8 206 $350,000 - $399,999 6 137 $400,000 - $449,999 4 183 $450,000 - $499,999 4 110 $500,000 - $549,999 2 388 $550,000 - $599,999 1 601 $600,000 - $699,999 2 187 $700,000 - $799,999 4 376 $900,000 - $999,999 1 321 $1,000,000 - $1,999,999 2 133

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 34 220 $435,900 $529,911 $1,425,000 $325,500

Like the article said, this is a great time to start looking for a new home, purchase a larger home, or retire to something more manageable!  Interest rates are expected to be lowered soon which makes it even more affordable.

My homesearch website makes it easy to get started finding your new home!  My site offers purchasing advice, selling advice, mortgage calculators, mortgage advice and dictionary, home inspection advice, school district info, METRA info, community & town info too!  No need to jump from site to site - all the homes listed in the MLS for sale are in this site! 

Lyn Sims at RE/MAX Suburban (847)230-7324          www.LynSims.net

Northwest Suburban Chicago IL homes for sale in Elk Grove Village, Schaumburg, Hoffman Estates, Bartlett, Roselle, Medinah, Itasca, Carol Stream, Bloomingdale, Palatine, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles.

Lyn's Email:  LynSims@remax.net

 

 

BUYING A HOME SOON?  LOOKING FOR A HOME IN MEDINAH?  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!

MEDINAH SINGLE FAMILY HOMES - Median List Price is $442,500 with an average Days on Market of 215.  There are currently a total of 26 homes on the market with the lowest price of $334,900 and the highest price of $1,425,000.  The best selection of homes are priced in the $300,000 to $399,900 price range.

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

Active Listings

List Price Range # Listings Avg. Days on Mkt $300,000 - $349,999 6 182 $350,000 - $399,999 4 156 $400,000 - $449,999 3 342 $450,000 - $499,999 1 155 $500,000 - $549,999 2 279 $550,000 - $599,999 1 503 $600,000 - $699,999 2 119 $700,000 - $799,999 4 278 $900,000 - $999,999 1 222 $1,000,000 - $1,999,999 2 35

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 26 215 $442,500 $573,218 $1,425,000 $334,900

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

Please contact me Lyn for more information!

"The typical Illinois home search" Recent home buyers searched for a home for a median 8 weeks and saw a median 11 homes. 87 percent of home buyers used a real estate professional during their home search. 59 percent of home buyers used the Internet frequently to search for homes. Among home buyers, the typical Internet searcher was 36 years old and visited a median 12 homes. The typical home buyer that did not use the Internet to search for homes was 46 years old and saw a median of 7 homes. 89 percent of buyers rated real estate agents as a useful information source.   Source: Illinois Profile of Home Buyers and Home Sellers, 2006

 

Email Lyn at LynSims@remax.net