Hoffman Estates Illinois Townhome Market Update by Price Range - March 2009
Always trying to keep both buyers and sellers informed on the local Hoffman Estates housing market has been my goal for many years.
This market update gives you graphs of the Multi-family homes (townhomes, quads, condos, duplexes) that have sold by price range so you get a feel for the current sales activity. Which is up by the way! There have been 22 total sales with the lowest price of $57,500 for a 2BR 1BA condo. I'm sure you'll agree that's a great deal for Hoffman Estates!
Out of the 22 sales - 4 were marked as foreclosures and 3 were marked as short sales. We are able to differentiate those sales in our MLS.
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 market? It would be ideal if it was.
How can this information help a seller? If you are planning on selling your home soon, you can see which price ranges are the most active. Clearly the price range above $250,000 has been very slow and very few sales have occurred. You might have to plan accordingly for extra market time. As a seller you have to be sure that your home is ‘spot on’ in a market like this. Some extra updates and staging might be required before you put your home on the market to make you competitive.
So for the Hoffman Estates Multi-family Sales for January to March 31st, 2009 you can clearly see that over 77% of the closed sales have been under the $200,000 price range.
The following graph provides closed sales in Hoffman Estates from July to December 31st, 2008
Looking for a great home in a great area? Want to see some homes?
There are currently 142 selections under $200,000 available in Hoffman Estates and I bet a few of them are some great deals!
Hoffman Estates Single Family Home Update
Hoffman Estates Village Profile
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 Hoffman Estates, Schaumburg, 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 of Northern IL
