Palatine, IL Real Estate News

By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
Palatine Real EstateDennis Toomey continuously monitors local real estate statistics to keep his clients informed and ahead of the real estate trends.  Below, at the end of the page you will find Palatine real estate statistics for the last 12 months as of July 23, 2007.To find the value of your home with a free, over-the-net home evaluation, please visit: www.KnowYourHomeValue.com/active or use this link http://www.knowyourhomevalue.com/remaxil/modules/global/forms/marketevaluation.asp?&acc=32722&s=activeIf you would like a free list of homes for sale in this area/neighborhood or would like more information about Palatine, please visit: www.GetYourRealEstateHere.com/active or use this link http://www.GetYourRealEstateHere.com/remaxil/modules/agent/agent.asp?p=findahome.asp&page=search&...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
 The table below lists all of the currently active single family detached and single family attached homes in Palatine and Inverness, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements. Active ListingsList Price Range# ListingsAvg. Days on MktLess than $149,999129154$150,000 - $199,999208111$200,000 - $249,999103118$250,000 - $299,99991113$300,000 - $349,99996137$350,000 - $399,99993132$400,000 - $449,99968185$450,000 - $499,99958147$500,000 - $549,99933160$550,000 - $599,99945138$600,000 - $699,99972224$700,000 - $799,99940204$800,000 -...
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By Dennis Toomey, Buying or Selling Talk TOoMEy!
(RE/MAX Action)
Market Statistics CriteriaStatus: Active, Back on Market, Contingent, New, Price Change, Re-activated, Temp Off Market, Pending, Closed, Expired   Area: Palatine   Property Type: Detached Single, Attached Single   Months Back: 12 Months   Active Listings Detached SingleBedrooms# ActiveAvg. LPAvg. MTAll392$534,7981682 or Less17$511,7411503122$373,0291474210$592,7071905 or More43$720,075125Attached SingleBedrooms# ActiveAvg. LPAvg. MTAll757$242,316129None8$115,8252252 or Less600$224,8221253137$320,112139412$313,167160Off-Market Listings Detached SingleBedrooms# Sold% SoldAvg LP (Sold)Avg SPSP:LP RatioAvg MT (Sold)Avg LP (Unsold)% ExpdAll27777%$444,690$429,81797%113$560,60322%2 or Less1173%$261,755$254,71897%34$363,22527%312284%$371,519$358,21896%109$380,81314%412272%$510,093$494,33497%129...
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By Ken Smith
(Suburban House Hunters)
Here is a quick overview of the single family market in Palatine, IL. There currently is about 28 months of inventory and the increase is most likely seasonal. currently on the market: 399 currently under contract: 55 closed in the last 90 days: 42 est. inventory: 28 months lowest price: $229,000 highest price: $1,800,000Here is a quick overview of the condo market in Palatine, IL. There currently is about 22 months of inventory and this increase might be more than just seasonal. currently on the market: 425 currently under contract: 63 closed in the last 90 days: 44 est. inventory: 28 months  lowest price: $96,900 highest price: $599,000Past Market Updates: 09/25/06, 11/30/06Visit Suburban House Hunters for more information about Palatine Real Estate.
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By Ken Smith
(Suburban House Hunters)
Here is a quick overview of the single family market in Palatine, IL. There currently is about 19 months of inventory and the increase is most likely seasonal. currently on the market: 270 currently under contract: 38 closed in the last 90 days: 43 est. inventory: 19 months lowest price: $235,000 highest price: $1,695,000Here is a quick overview of the condo market in Palatine, IL. There currently is about 22 months of inventory and this increase might be more than just seasonal. currently on the market: 314 currently under contract: 34 closed in the last 90 days: 42 est. inventory: 22 months (9 month increase from the 9/25 update) lowest price: $94,900 highest price: $525,000Past Market Updates: 09/25/06Visit http://www.suburbanhousehunters.com/ for more information about Palatine Heig...
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By Ken Smith
(Suburban House Hunters)
Here is a quick overview of the single family market in Palatine, IL. There currently is about 13 months of inventory. currently on the market: 309 currently under contract: 39closed in the last 90 days: 69est. inventory: 13 monthslowest price: $239,900highest price: $1,695,000Here is a quick overview of the condo market in Palatine, IL. There currently is about 13 months of inventory. currently on the market: 345 currently under contract: 51 closed in the last 90 days: 80 est. inventory: 13 months  lowest price: $84,000 highest price: $639,000Past Market Updates: NoneVisit www.SuburbanHouseHunters.com for more information about Palatine Heights Real Estate.
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By Ken Smith
(Suburban House Hunters)
Here is a quick update as of 07/05/06 for Palatine, IL.Homes listed - 315Under Contract - 69Closed in the last 90 days - 58If it takes 90 days for 58 homes to sell then we have 488 days of inventory on the market today. That means if nothing new is added and home sales stayed the same as the last 90 days that it would take well over a year to sell every home that is currently listed. The one bright spot is that there are 69 homes under contract and that might help increase the sales pace a little. This helps show that YES the market is MUCH slower and you need to work with an agent or team of agents that can offer a great marketing plan that includes a web site that ranks high in Google. The Suburban House Hunters Team offers just that for anyone thinking of selling a home in Palatine.
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