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Lake Zurich, IL Real Estate News

By Julie Anne, Real Estate Team
(Keller Williams)
Paulus Park in Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of August 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month down for single family homes and up for attached single family homes.  Our average LP of sold homes is up for single family homes and for attached single family homes.  Average Sale Price of homes sold is up for single family homes and for attached single family homes, our LP/SP ratio is the down for single family homes and same for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone down for single family homes in Lake Zurich and up for attached single fam...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Lake Zurich is a medium sized town to the north Barrington and Deer Park, easily found on Route 12 and Route 22. Typical homes are 2 to 4 bedrooms on standard builders lots and some of the well known subdivision provide these homes: Forest Lake, Echo Lake, Countrywide East, Countrywide West, Old Mill Grove, Cedar Creek, The Meadows, The Orchards, Quail Run Lake Zurich Estates, Lake Zurich Manor and more. In the last 12 months there have been 186 residential sales in total of which 185 were homes. 18 of these were foreclosure sales, i.e. homes owned by the bank. 21 of the sales were short sales. i.e. homes owned by sellers that owed more on the mortgage than the home could sell for and sold due to financial hardship. 2 were court approved sales.Currently there are 37 homes on the market ...
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  Downtown Main Street in Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of July 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month down for single family homes and down for attached single family homes.  Our average LP of sold homes is down for single family homes and down for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, our LP/SP ratio is the down for single family homes and same for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone up for single family homes in Lake Zurich and up ...
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  Downtown Main Street in Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of June 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is up vs last month and sales this month over last month down for single family homes is down for attached single family homes.  Our average LP of sold homes is down for single family homes and up for attached single family homes.  Average Sale Price of homes sold is up for single family homes and up for attached single family homes, our LP/SP ratio is the up for single family homes and same for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone down for single family homes in Lake Zurich and down for att...
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    Lakeside in Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of May 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month up for single family homes and up for attached single family homes.  Our average LP of sold homes is up for single family homes and up for attached single family homes.  Average Sale Price of homes sold is up for single family homes and up for attached single family homes, our LP/SP ratio is the same for single family homes and same for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone up for single family homes in Lake Zurich and same for attached single fa...
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By Judy Greenberg, Compass- Long Grove -Buffalo Grove
(Compass)
Old Mill Grove is a wonderful community oriented neighborhood  located in Lake Zurich, Illinois.    The residents of Old Mill Grove take great pride in their neighborhood . The Old Mill Grove Park is located at 285 Old Mill Grove in Lake Zurich.               Children in the Old Mill Grove neighborhood attend  schools in District 95.  Sarah Adams School is the elementary school for the Old Mill Grove residents located near the Old Mill Grove neighborhood located at 555 Old Mill Grove.  Junior high Students of Old Mill Grove attend Lake Zurich Middle School South  Although certain children in the Lake Zurich school system will be changing schools next year, the residents of Old Mill Grove will not be affected     There are currently 12 homes on the market in Old Mill Grove,  3 of the 12 ...
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By Julie Anne, Real Estate Team
(Keller Williams)
Chasewood Subdivision, Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of February 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is up vs last month and sales this month over last month up for single family homes and down for attached single family homes.  Our average LP of sold homes is down a little for single family homes and down for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, but our LP/SP ratio is about even for single family homes and down for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone down for single family homes in Lake ...
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By Julie Anne, Real Estate Team
(Keller Williams)
  Pond in Chasewood North Subdivision, Lake Zurich Illinois The market statistics for home sales in Lake Zurich IL for the month of January 2009.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month up for single family homes and up for attached single family homes.  Our average LP of sold homes is down a little for single family homes and up for attached single family homes.  Average Sale Price of homes sold is down for single family homes and up for attached single family homes, but our LP/SP ratio is about even for single family homes and down for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone up for single family homes ...
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By Kelly Sibilsky
(Licensed Through Referral Connection, LTD.)
Many traditional real estate companies dictate the marketing plans for the homes they list at the corporate level, allowing for very little flexibility by the agent. This means that they market each and every property identically.  As a consumer, you may think that this is a good thing. Why should a $500,000 home receive more marketing effort than your $200,000 home? Let me explain why I believe each house is completely and totally unique and should be marketed accordingly.  Here are some examples of the different types of homes you might run across in the greater Chicagoland area:  A pricey urban loft  A suburban 4 bedroom, 2-1/2 bath home  A cabin in the woods with water rights  A condo located in an age restricted (55 & over) community  As you can see, each of these properties would...
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By Julie Anne, Real Estate Team
(Keller Williams)
    The market statistics for home sales in Lake Zurich IL for the month of December 2008.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down vs last month and sales this month over last month down for single family homes and down for attached single family homes.  Our average LP of sold homes is up for single family homes and up for attached single family homes.  Average Sale Price of homes sold is up for single family homes and for attached single family homes, but our LP/SP ratio is up about 10% for single family homes and even for attached single family homes in Lake Zurich.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone up for single family homes in Lake Zurich and up for attached single family homes in Lake Zu...
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By Julie Anne, Real Estate Team
(Keller Williams)
  Sit on the fence a little longer or buy a home now?  Is it the right time for you?  NAR predicts that for 2009 after falling for 2 years in a row, they expect existing home salesto go up 6 percent.  Unemployment is high but the increase in affordability to purchase a home is what will have the positive impact on the housing market in 2009.    Some factors to look at for the home buyer now.  My real estate team can help with all of these, contact us to discuss them. What is your ability?  Can you get a mortgage?  Do you have a down payment?  Do you have cash? It the timing right for you and your family to purchase a new home?  Are you up-sizing, downsizing, first time home buyer, investing, relocating?  If now is the right time, the homes on the market are on sale now. Are you willing ...
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By Kelly Sibilsky
(Licensed Through Referral Connection, LTD.)
In today's economic climate, I think many homeowners would say that their homes own them. The inability to sell their home is like a noose around their neck. They feel trapped and unable to move on. They are anchored to a particular home and community which may no longer fit their needs or budget.  Home ownership is said to be The American Dream. For many, it has become The American Nightmare.  I remember back to those carefree early days of my marriage before we jumped into home ownership. How easy life was! No yard to mow, snow to shovel, no worries about the roof leaking or basement flooding. No windows to replace, no property taxes to pay, no bushes that need trimming. But of course, like many young couples, we dreamed of owning our own home and were so excited when we were finally ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
2008 was definitely the year of short sales. During 2008 in the entire 60047 zip code there were: 352 Single Family Homes Sold 38 Attached homes sold. i.e. condos and town homes/duplexes. Single Family Stats Out of 352 single family sales 16 were short sales. Out of those 9 were bank owned properties that accepted less than was owed to them, the other 7 were owner occupied and the bank agreed to accept less than owned to facilitate the sale. The price range for all these short sales was $156,000 to $1,595,000. Attached Home Stats Out of the 38 attached home sales, 2 were short sales, of which 1 was bank owned, the other was owner occupied. The price range for all these short sales was $215,500 to $235,000. In summary In total this represented just under 1 half of a percent of the housin...
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By Kelly Sibilsky
(Licensed Through Referral Connection, LTD.)
Since 2003, the Lake Zurich High School Student Council has enthusiastically organized a school-wide charity event called Charity Bash. In past years, they have raised money for The Ryan York Foundation, The Juvenile Diabetes Research Foundation, The American Lung Association, The American Brain Tumor Association and One Step at a Time Camps...raising the amazing amount of $144,484.00 for these organizations over the past five years!  This year, they've chosen The Muscular Dystrophy Association as their charity of choice, in memory of Kathleen Surdynski, a Lake Zurich High School German language teacher who passed away earlier this year from respiratory issues associated with the disease.  Charity Bash kicked off with an assembly on December 3rd to get the students motivated and to educ...
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By Paul N. Paterakis, Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate
(The Paul Paterakis Power Team-Remax Showcase Homes For Sale )
Looking for a Homes in Lake Zurich? Find the Lake Zurich, Illinois Homes for Sale that you're looking for on PowerTeamHomes.com. Search our website to locate your Homes for Sale in Lake Zurich, Illinois Our Comprehensive Lake Zurich,Long Grove,Hawthorn Woods,Kildeer,Lake County,and Northern Illinois real estate database is updated daily, and supported by Top Pro real estate agents who are ready to help you buy, sell, or develop on your terms. We pride ourselves on knowing Lake Zurich,Long Grove,Hawthorn Woods,Kildeer ,Lake County,and Northern Illinois real estate understanding the markets, and making the process Hassle Free! If you want to see all the homes in Lake Zurich and the surrounding areas including Long Grove,Hawthorn Woods,Kildeer,and others in Northern Illinois and Lake Count...
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  The market statistics for home sales in Lake Zurich IL for the month of November 07 vs 08.  The current inventory of homes for sale in Lake Zurich Illinois Zip Code 60047 is down about the same vs last month and sales this month over last month up about 1200% for single family homes and 300% for attached single family homes.  Our average LP of sold homes is up for single family homes and down for attached single family homes.  Average Sale Price of homes sold is down for single family homes and down for attached single family homes, but our LP/SP ratio is down about 7%.  The average market time for homes sold in Lake Zurich IL 60047 zip code has gone down for single family homes in Lake Zurich and down for attached single family homes in Lake Zurich in the last month over November 07...
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By Kelly Sibilsky
(Licensed Through Referral Connection, LTD.)
Each year, Remodeling magazine produces a Cost vs. Value Report in cooperation with REALTOR® magazine. This report indicates what homeowners can expect to recoup for 30 different home improvements, with the national average being 67.3% return on investment. Many homeowners are surprised to discover that their remodeling project may not provide a dollar for dollar return on investment; however, a minor kitchen remodel in some areas, such as Seattle, may return more than 100%.   Unfortunately, the Chicagoland area was named as one of the toughest areas to get your money back, so it's very important to plan your home improvement projects carefully to get the most bang for your buck. Replacement projects that enhance your curb appeal, such as decks, siding and windows apparently offer the g...
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By Kelly Sibilsky
(Licensed Through Referral Connection, LTD.)
I recently received an email from someone in my neighborhood asking if I knew of any appraisers who were familiar with the area and who do tax appeals. Many area residents are upset because our taxes have gone up...when we all know our property values have gone down. But it's not really that simple. If you are concerned that your taxes may be out of line or that your assessed value is too high, the best thing to do is to contact a licensed appraiser for advice. I recommend: Meridian Valuation Owner: Diane M. Kita, Certified Illinois Appraiser (License No. 156.0004178) Office/Fax: (847) 726-6033 Cellular: (847) 650-4378 email: diane@MeridianValuation.com Diane lives in Lake Zurich and is very experienced. She saved one Hawthorn Woods client of mine a lot of money on appeal...they were gr...
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By Paul N. Paterakis, Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate
(The Paul Paterakis Power Team-Remax Showcase Homes For Sale )
Looking for a Homes in Lake Zurich? Our Comprehensive Lake Zurich, Long Grove,Kildeer,Hawthorn Woods,Kildeer,Lake County,and Northern Illinois real estate database is updated daily, and supported by Top Pro real estate agents who are ready to help you buy, sell, or develop on your terms. We pride ourselves on knowing Lake Zurich, Long Grove,Kildeer,Hawthorn Woods,Kildeer,Lake County,and Northern Illinois real estate, understanding the markets, and making the process Hassle Free! If you want to see all the homes in Lake Zurich and the surrounding areas including, Long Grove, Hawthorn Woods, Kildeer and others in Northern Illinois and Lake County, START YOUR LAKE ZURICH HOMES SEARCH HERE NOW! You can also search for: LAKE ZURICH HOMES HERE Sign up to get the Hottest Newest Listings in th...
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