RealEstateConsumerInfo.com: Northwest Chicago Suburbs Schaumburg IL, Multi-family Homes, Townhomes, Manor Homes, February 2008

There is a large amount of inventory thruout the Chicago Northwest Suburban Market which includes the Schaumburg IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  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!  Prices have held from 4 to 5% of listing price over the last few months of 2007.  To some buyers 100% financing is still available with a decent credit score and history!

Here is a chart of ACTIVE Multi-family Homes in Schaumburg with the MARKET TIMES posted as "Average Days on the Market".   Multi-family homes consists of "condos, quads, manor homes, coach homes, townhomes".

There are currently 342 homes in various styles and types available with the Average Market Time of 134 days.  The median price is $208,700 and the highest price is a whopping $674,900. 

WHY IS SCHAUMBURG SUCH A POPULAR AREA? 

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

Active Listings for sale in Schaumburg IL                                                                        2/11/08

List Price Range # Listings Avg. Days on Mkt Less than $149,999 43 149 $150,000 - $199,999 107 144 $200,000 - $249,999 123 123 $250,000 - $299,999 22 139 $300,000 - $349,999 15 225 $350,000 - $399,999 11 75 $400,000 - $449,999 8 101 $450,000 - $499,999 3 34 $500,000 - $549,999 4 78 $550,000 - $599,999 4 97 $600,000 - $699,999 2 38

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 342 134 $208,700 $228,021 $674,900 $94,900

As you can see the average bracket of pricing for the area is between $150,000 to $249,900 which makes Schaumburg a great affordable area.  To search for homes currently available in the Schaumburg IL area, please go directly to my MLS website at www.LynSims.net. 

If you are looking to find or sell a home in the Schaumburg IL 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 - Schaumburg, Hoffman Estates, Elk Grove Village, Medinah, Itasca, Roselle, Bloomingdale, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, Carol Stream and St. Charles areas.