Schaumburg, IL Real Estate News

By Marco Amidei
(RE/MAX Suburban )
Pheasant Walk, Schaumburg, Illinois - May 2017 About Pheasant Walk Pheasant Walk is a single family home subdivision built in the late 1970s. Pheasant Walk is located in Schaumburg, Illinois west of Roselle Road and north of Wise Road. Average taxes in Pheasant Walk $6,625 Average association fees in Pheasant Walk $0 Average home size in Pheasant Walk 1,692 ft2 Average lot size in Pheasant Walk 0.25 acres Average year built in Pheasant Walk 1978 Photos of Pheasant Walk  Homes for sale in Pheasant Walk Address Beds Baths Built Price 821 Long Meadow Dr. 3 2.0 1978 $349,900 816 Long Meadow Dr. 4 3.1 1978 $378,800 Sales Summary for Pheasant Walk  (May 15, 2016 - May 15, 2017) # of Sales Average Days on Market Average List Average Sale Ratio% 6 135 $354,929 $328,833 92.6% HomesByMarco has s...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
The @HomeIllinois mortgage is a safe, 30-year, fixed rate mortgage. That means your interest rate will never change. Are you concerned about saving for the down payment? With @HomeIllinois, the buyer contribution is $1,000 or 1 percent of the purchase price, whichever is greater. So for as little as $1,000 out of pocket, you can get into your first home. How's it work? @HomeIllinois is a 30-year fixed rate mortgage with a variety of options to choose from. The options you choose will determine the interest rate for your loan. Options include: $5,000 down payment or closing cost assistance Federal tax credit certificate Lender paid mortgage insurance Choice of FHA, VA, USDA or Conventional loan type Requirements: Contribute $1,000 or 1 percent of the purchase price, whichever is greater ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Looking to buy a home in Schaumburg? In the planning stages and want to do it right? Here's a great infographic that tells you the step by step of how to proceed. Of course, you will need a good Realtor® acting as your buyers agent after these prelim steps. Any questions, please don't hesitate to give me a call so I can clarify these important steps! I can also put you in touch with a loan officer that can also help you every step of the way in the mortgage process. Looking for homes in Schaumburg?Looking for townhomes or condos in Schaumburg? 
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - April 2017 This is the place to get all your real estate questions answered! What are Prices Doing?  Average sales prices are increasing ever so slightly and slowly compared to other areas of the country. Every subdivision is responding differently if and 'when' a home in the area goes on the market. I would say that sellers are now pretty happy with prices or have decided that now is a good time to move along. Graph below is for Jan. to April 2017 With our decreased amount of inventory for April we are definitely in a sellers market based on past statistics. Inventory has decreased somewhere between 20% to 50% from 2016. With this low inventory the market should turn toward the sellers favor with price increases. ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Towne Place West - Schaumburg ILTowne Place West is a fairly large community built by Lexington Builders in 1992/1993 located southeast of the intersection of Schaumburg and Barrington Roads behind the Target Greatland.A great mix of open areas, landscaping and recreational parks are available here. There are two pools and clubhouses and the Schaumburg Park District operates soccer, baseball, tennis courts and covered picnic area inside Towne Place West's boundaries.   The Metra Train is available at either the Schaumburg or the Hanover Park Station (Milwaukee West Line) depending on your schedule. Easily walk to Kohl's, Panera's, Jewel Food Store, Home Depot, PetSmart, Harris Bank, and Target.  Tons of other great shopping that Schaumburg is known for.Towne Place West offers two styles...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Towne Place is a fairly large community built by Lexington Builders located northeast of the intersection of Schaumburg and Barrington Roads behind the Kohls Shopping Center.  A great mix of open areas, landscaping and recreation are available here.  There are two pools and clubhouses in the neighborhood.  A walking/jogging path is also provided surrounding a nature preserve and pond.  The Metra Train is available at either the Schaumburg Station or the Hanover Park Station depending on your schedule.  Walk to Kohl's, Ulta Beauty, Ross, Michaels Crafts, Jewel Food Store, Harris Bank, PNC Bank, and Target. Tons of other great Schaumburg shopping too, that is just a small sample close by. There are two styles of homes available at Towne Place: Coach Homes/Manor Homes which are a group of ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Meribel is a great townhome community located near the intersections of Barrington and Schaumburg Roads north of the Home Depot Center.  Meribel is comprised of 2-story styled townhomes each with a private entryway and one car garage.  Features and upgrades could include:  9 foot volume ceilings on 1st floor, hardwood floors, lofts, upgraded cabinetry, skylites, vaulted Master Bedroom.  ALL HOMES IN MERIBEL HAVE 2.5 BATHS. There have only been 21 homes sold and closed for 2018.   Meribel offers only 2 models for sale - Savoy Models are 2BR 2.5 Baths.  Normandy Models are always end units and are 2BR, Loft, 2.5 Baths.  See what is currently available below. If the MLS search does not open in your browser, please follow this link for the same information. 
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Nationally sales have seen an expected upswing for March. But inventory still remains low in our surrounding Schaumburg Area. March numbers had only 1.8 months of inventory in Schaumburg alone. In all my years in the business I have never seen the inventory so low. This brings about a problem for buyers - There isn't enough inventory possibly to choose from. The homes that are updated with relatively no work to do will be snatched off the market quick. Will they go over the list price - eventually they will if more inventory does not fill the void. Not a problem for sellers though. It will not take long to sell your home obviously & prices should rise because of it. It will be tough if you are trying to transition from one smaller home to a larger one as will there be inventory for you?...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Schaumburg IL Townhomes | Schaumburg IL Condos | Housing Market Stats for January to March 2017 Looking for current and concise market information for Schaumburg IL Townhomes & Condos?  You've come to the right place and I've actually been seeing a constant improvement over the last year.  Interest rates have been low with great affordability and more and more people realizing that it's cheaper than rent. Let's talk about a few different market facets here - the months supply of inventory for Schaumburg IL Townhomes & Condos has been steadily decreasing. We have 60% less in housing inventory then we did a year ago. This is unprecedented. The tables have finally turned in the sellers favor! Move-up buyers have been watching and waiting to move up to that larger home and also take advanta...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Schaumburg Homes | Schaumburg IL Real Estate | Housing Market Info January to March 2017 Looking for current and concise market information for your Schaumburg Home? You've come to the right place so let's delve right into the information. Let's talk about a few key market facets here like the inventory supply for Schaumburg Homes has been steadily decreasing. We have 16% less in housing inventory then we did a year ago. Currently we are at the lowest inventory level I have seen in 30 years.  An excellent indicator that the Schaumburg housing market is continuing to accelerate is the percentage of homes that go under contract each month. Currently we are around 32% for homes. Even though inventory has decreased, homes going under contract have kept at a level pace!        What about the...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
What are home prices doing in the Schaumburg Area & Nationally? You can see by this report from FHFA that our region has increased around 5.87%. If you are moving out of state to another region you could actually be loosing money between ours in Illinois & a region possibly higher than ours. Illinois came in at 5.87%. Every area has had a different rate of appreciation & recovery. If you are looking at selling your home in the Schaumburg Area, you will need local news on your home & how it is doing currently in our marketplace.   Map courtesy of KCM Blog
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Inventory still remains low in our surrounding Schaumburg Area. February's numbers here showed 1.2 months of inventory for townhomes & condos in Schaumburg alone. In all my years in the business I have never seen the inventory so low. This brings about a problem for buyers - There isn't enough inventory possibly to choose from. The homes that are updated with relatively no work to do will be snatched off the market quick. Will they go over the list price - eventually they will if more inventory does not fill the void. Not a problem for sellers though. It will not take long to sell your home obviously & prices should rise because of it. It will be tough if you are trying to transition from one smaller home to a larger one as will there be inventory for you? Time will tell as the spring m...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Real Estate Market Update - Northwest Suburbs near the Schaumburg Area - February 2017 This is the place to get all your real estate questions answered! What are Prices Doing?  Average sales prices are relatively stagnant compared to other areas of the country. Still just plunking along in the Midwest. Average Days on the Market pretty much stayed the same into February too. With our decreased amount of inventory for February we are definitely in a sellers market based on our statistics. Inventory has decreased from 19% to 47% from 2016. With this low inventory the market should turn toward the sellers with price increases this coming spring market. It has to happen. If your home is currently on the market for 60 days or more, those buyers are telling you something & you best listen. Th...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
In the table below lists all of the single family detached and single family attached homes currently on the market in Shaumburg, IL The data lists available homes by price range with average time on market in each range. Included in this list are many Foreclosures and Short Sales.Should you have an interest in homes in a selected price range, send me your physical characteristics requirements. I will send complete details on those homes that meet your criteria. Active Listings List Price Range # Listings Avg. Days on Mkt $50,000 - $99,999 2 36 $100,000 - $149,999 29 124 $150,000 - $199,999 24 57 $200,000 - $249,999 13 101 $250,000 - $299,999 17 140 $300,000 - $349,999 23 110 $350,000 - $399,999 12 135 $400,000 - $449,999 6 98 $450,000 - $499,999 6 108 $500,000 - $549,999 4 144 $550,000...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Hey, Buyers don't want free money! Lately, I have been working with a loan officer that has been having some great luck with buyer down payment assistance money.  He is offering a few programs that others are not & that kind of money just doesn't come around all that often. So .... don't you think that buyers WANT this info?  I'm saying, they're saying 'MEH'.  Let's throw in some shoulder shrugs to boot here. So at open houses when I suggest they take 3 sheets stating the program benefits & the criteria (yes, the fine print so to speak) no wants to even TOUCH the papers! Remember the old 'cooties' .... that's what it reminds me of.  Boys don't want to touch girl's stuff & vice versa as it's got the 'cooties'.   BUT WAIT ..... There's more!   When I ask them if they wouldn't like some do...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
This interactive graph gives the monthly average sales prices from January 2015 to March 2018 for Schaumburg IL Single Family Homes only. For the year of 2017, Schaumburg home owners have seen an increase in average sales prices from $315,900 to $337,200.   These numbers are averages for all sales and if you are looking for specific information regarding the pricing of your home currently, please call me for a no obligation market evaluation and consultation.  Schaumburg Homes Average Days on MarketSchaumburg Townhomes/Condos Average SalesSchaumburg Townhomes/Condos Average Days on Market 
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By Lyn Sims, Schaumburg Real Estate Agent Retired
This interactive graph gives the monthly average market time from January 2014 to January 2017 for Schaumburg IL Single Family Homes only.  For the year of 2016, Schaumburg home owners have seen a distinct decline in days on the market to 74 which is 16% less than the beginning of the 2016 year.These numbers are averages and if you are looking for specific information regarding the pricing of your home currently, please call me for a no obligation market evaluation and consultation.  Schaumburg Townhomes/Condos Average Market Times Schaumburg Townhomes/Condos Average Sales PricesSchaumburg Homes Average Sales Prices 
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By Lyn Sims, Schaumburg Real Estate Agent Retired
This interactive graph gives the monthly average market time from January 2014 to January 2017 for Schaumburg IL Multi-Family Homes which are townhomes & condos only.  For the year of 2016, Schaumburg townhome & condo owners have seen similiar days on the market coming in at 58 which is stable from the beginning of the 2016 year.These numbers are averages and if you are looking for specific information regarding the pricing of your home currently, please call me for a no obligation market evaluation and consultation.  Schaumburg Townhomes/Condos Average Sales Prices Schaumburg Homes Average Sales Prices Schaumburg Homes Average Days on Market
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By Lyn Sims, Schaumburg Real Estate Agent Retired
This interactive graph gives the monthly average sales prices from January 2016 to January 2019 for Schaumburg IL Multi-Family Homes which are townhomes & condos only. For the year of 2016, Schaumburg townhome & condo owners have seen an increase in average sales prices from $154,500 to $164,400. These numbers are averages for all sales and if you are looking for specific information regarding the pricing of your home currently, please call me for a no obligation market evaluation and consultation.  Schaumburg Townhomes/Condos Average Days on MarketSchaumburg Homes Average Sales PricesSchaumburg Homes Average Days on Market
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By Lyn Sims, Schaumburg Real Estate Agent Retired
This is one of the true mysteries with home improvement posts & articles. There is such a giant variance in price that the high end seems insane & the low end seems too reasonable. They're smokin' something I'm afraid .... Here's a case in point ... every year Remodeling Magazine puts out a Cost vs. Value Report that is very flashy & thorough. Prices are insane in this guide! Everyone usually goes off of this report (as the gospel) but what if you personally think it's complete nonsense based on your own experience? What I've tried to compile is some reasonable cost sites that might be a little more help. What I've heard & seen to be costs for normal everyday home repairs. The infographic lists some basic repairs or remodeling that one would do around the average house. These prices se...
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