Cash is king again? Conventional financing has officially taken back the crown for financing types in Hoffman Estates so far this year. I was poised to write about how cash has taken over the market from a national survey but was surprised to find that is not the case in Hoffman Estates!   Still have to wonder where all these folks are getting their cash to purchase these homes. Investors are obviously working with it so they can purchase those sub-level properties that will not be able to be financed because of condition. We will see by the end of the year or the 1st quarter of 2014 if Conventional takes an even larger market portion because of the higher FHA costs that were implemented in 2013.    Schaumburg Market showing opposite RealtyTrac Graphs are national.Inman Article 09/28/2013

I follow a newer website called Houzz.com and they come up with some good suggestions in their email remodeling newsletter.  But today I saw this new craze where you put your shower where the tub is. Hmmm? I'm not sure if this is a good idea blending both areas together. I've been through a few different crazy fads and some never bother me like they do other agents or buyers.  Having the master walk-in closet in the master bath has never bothered me at all & in fact I've even lived in a house with that design and I came out of it alive!  Didn't bother me or the new buyers one bit. This might have a couple of 'wrinkles' like who cleans up the tub area after the tsunami shower? I wash my dog in the tub. Do I now have to train my dog to take a shower? What other 'wrinkles' can you come up ... 09/12/2013

The foreclosure & the insane listing agent .... They don't always go together but lately I'm not so sure.  Let me entertain you with a little story about a poor little house that's been vacant for years and neglected.  One day the poor little house finally came on the market for a ridiculous price! There were plenty of other foreclosures or short sales that sold in the area in much better condition for less.   My investor wanted to see the house and thought it would be the perfect place just down from his office so he could keep an eye on it. We entered the house and really not anything had been done since inception except new windows.  And these windows are really the only redeeming value in the entire place!  Did I miss something besides those windows?  Possibly, so I did another quic... 08/24/2013

In the table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, 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 Less than $49,999 6 221 $50,000 - $99,999 20 163 $100,000 - $149,999 18 136 $150,000 - $199,999 20 234 $200,000 - $249,999 22 68 $250,000 - $299,999 30 107 $300,000 - $349,999 17 128 $350,000 - $399,999 12 100 $400,000 - $449,999 8 85 $450,000 - $499,999 6 14... 08/12/2013

People always ask me “How many homes are selling?  Is the market getting better?" Well that seems to make a difference is what area or subdivision you live in.  It’s really not an evasive answer.  Each area and subdivision is totally different!  Here’s what I can tell you about the overall Hoffman Estates market –Single Family Homes -  Hoffman Estates averages 58 home sales a month.  Inventory is down substantially.  The percentage of homes going under contract each month is 26 to 32%. Average Sold Price was $265,000 for the 2nd quarter of 2013.Multi-Family Homes - Hoffman Estates averages 34 sales per month. Overall inventory is higher than single family homes.  The percentage of homes going under contract each month is 29 to 33% which is higher overall than single family.  Average sol... 07/18/2013

Single Family Home Stats for Hoffman Estates, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 225 $303,043 $87,900 $679,000 103 2 bedrooms 5 $208,740 $129,900 $305,000 86 3 bedrooms 89 $219,424 $87,900 $399,500 109 4 bedrooms 103 $356,835 $149,000 $599,900 90 5 bedrooms 28 $387,791 $157,000 $679,000 131 View All Single Family Homes For Sale in Hoffman Estates Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days May 2013 6 $297,817 $273,500 93.2% 69 Apr 2013 34 $282,460 $267,178 95.3% 59 Mar 2013 49 $281,362 $264,718 94.8% 66 Feb 2013 18 $264,331 $245,856 92.7% 59 Jan 2013 22 $241,880 $228,891 94.6% 53 Dec 2012 28 $234,864 $212,102 89.8% 67 Nov 2012 25 $247,752 $224,444 91.9% 95 Oct 2012 33 $246,920 $224,566 91.2% 81 Sep 2012 20 $272,077 $239,340 ... 06/16/2013

Townhome & Condo Stats for Hoffman Estates, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 154 $117,245 $19,900 $289,000 150 1 bedroom 14 $45,215 $19,900 $159,900 153 2 bedrooms 80 $109,885 $34,900 $279,000 154 3 bedrooms 56 $145,091 $48,000 $289,000 145 4 bedrooms 4 $126,725 $92,900 $170,000 121 View All Townhomes & Condos For Sale in Hoffman Estates Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days May 2013 9 $72,943 $64,611 89.0% 85 Apr 2013 18 $133,711 $127,153 96.5% 25 Mar 2013 19 $116,139 $106,968 94.1% 58 Feb 2013 22 $101,272 $92,377 90.4% 43 Jan 2013 22 $93,668 $88,395 92.4% 47 Dec 2012 23 $110,100 $97,266 88.4% 97 Nov 2012 26 $109,121 $99,145 91.0% 105 Oct 2012 29 $92,014 $81,901 88.1% 63 Sep 2012 25 $100,399 $91,814 92.3% 52 Aug 201... 06/16/2013

People always ask me “Lyn, how many homes are selling?”   Well that seems to make a difference is what area or subdivision you live in.  It’s really not an evasive answer.  Each area and subdivision is totally different!  Here’s what I can tell you about the overall Hoffman Estates market –Single Family Homes -  Hoffman Estates averages 30 home sales a month.  Inventory is down substantially from previous years.  The percentage of homes going under contract each month is 12 to 31%. Average Sold Price was $232,226 for the 1st quarter of 2013.Multi-Family Homes - Hoffman Estates averages 24 sales per month. Inventory is down just like single family homes.  The percentage of homes going under contract each month is 19 to 28% which is slightly higher overall than single family.  Average sol... 05/22/2013

Townhome & Condo Stats for Hoffman Estates, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 174 $114,982 $19,900 $299,000 145 1 bedroom 15 $41,221 $19,900 $159,900 127 2 bedrooms 97 $108,458 $34,900 $279,000 151 3 bedrooms 58 $144,159 $48,000 $299,000 142 4 bedrooms 4 $126,725 $92,900 $170,000 88 View All Townhomes & Condos For Sale in Hoffman Estates Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Apr 2013 29 $98,882 $90,110 89.8% 131 Mar 2013 22 $89,222 $78,568 89.2% 112 Feb 2013 20 $122,595 $114,780 94.6% 116 Jan 2013 23 $77,150 $68,916 90.4% 124 Dec 2012 32 $103,089 $95,877 93.5% 133 Nov 2012 29 $106,544 $93,226 86.6% 154 Oct 2012 24 $81,060 $70,683 88.6% 121 Sep 2012 25 $117,290 $104,323 91.4% 165 Aug 2012 37 $98,328 $87,503 89.3% 146 J... 05/13/2013

Single Family Home Stats for Hoffman Estates, Illinois Currently for Sale   For Sale Avg. List Min. Max Avg. Days All 220 $296,088 $95,000 $699,000 107 2 bedrooms 4 $184,675 $129,900 $249,900 72 3 bedrooms 92 $224,030 $95,000 $399,500 106 4 bedrooms 96 $349,738 $144,200 $599,900 107 5 bedrooms 28 $364,827 $150,000 $699,000 116 View All Single Family Homes For Sale in Hoffman Estates Sale Averages - By Month   Sales Avg. List Avg. Sale Ratio% Avg. Days Apr 2013 39 $258,653 $245,817 95.5% 109 Mar 2013 27 $241,748 $220,876 90.9% 132 Feb 2013 21 $261,382 $243,962 94.4% 102 Jan 2013 33 $244,160 $220,650 90.6% 169 Dec 2012 23 $248,985 $223,935 91.6% 122 Nov 2012 36 $240,574 $215,468 90.0% 154 Oct 2012 27 $272,174 $242,291 90.3% 192 Sep 2012 23 $256,457 $235,846 92.4% 121 Aug 2012 27 $260,916 ... 05/13/2013

  The table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, 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 Sale properties. Contact us for information on how we may assist you in seeing these properties.     Active Listings List Price Range # Listings Avg. Days on Mkt Less than $49,999 15 84 $50,000 - $99,999 21 207 $100,000 - $149,999 13 268 $150,000 - $199,999 23 193 $200,000 - $249,999 26 88 $250,000 - $299,999 19 85 $300,000 - $349,999 10 234 $350,000 - $399,999 17 193 $400,000 - $449,999 9 190 $450,000 - $499,999 4 253 $500,000 - $549,999 3 265 $550,000 - $599,999 3 93 $600,000 - $699,999 1 345    Active L... 05/02/2013

  The table below lists all of the single family detached and single family attached homes currently on the market in Hoffman Estates, 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 Sale properties. Contact us for information on how we may assist you in seeing these properties.     Active Listings List Price Range # Listings Avg. Days on Mkt Less than $49,999 10 69 $50,000 - $99,999 23 192 $100,000 - $149,999 17 208 $150,000 - $199,999 18 237 $200,000 - $249,999 27 61 $250,000 - $299,999 20 77 $300,000 - $349,999 15 181 $350,000 - $399,999 18 133 $400,000 - $449,999 10 192 $450,000 - $499,999 3 189 $500,000 - $549,999 2 376 $550,000 - $599,999 3 65 $600,000 - $699,999 3 168    Active ... 04/04/2013

White Oak, Hoffman Estates, Illinois About White Oak White Oak is a subdivision of single family homes built in the mid 2000's by Kimball Hill Homes. White Oak features 168 homes with floor plans ranging from 2,640 square feet to 4,052 square feet. White Oak is located in Hoffman Estates, Illinois west of Rohrssen Road and south of Shoe Factory Road. Average taxes in White Oak $11,182 Average association fees in White Oak $0 Average home size in White Oak 3,302 ft2 Average lot size in White Oak 0.25 acres Average year built in White Oak 2006 Homes for sale in White Oak Address Beds Baths Built Price 5774 Red Oak Dr. 5 3.1 2005 $344,900 1542 Palisades Ln. 4 2.1 2007 $369,900 1342 Caribou Ln. 4 5.0 2006 $409,900 Sales Summary for White Oak  (Mar 11, 2012 - Mar 11, 2013) # of Sales Averag... 03/10/2013

Victoria Crossing , Hoffman Estates, Illinois About Victoria Crossing Victoria Crossing is a single family home community built in the 1980's. Victoria Crossing is located in Hoffman Estates, Illinois off of Bode Road east of Springinsguth Road. Average taxes in Victoria Crossing $7,625 Average association fees in Victoria Crossing $0 Average home size in Victoria Crossing 2,205 ft2 Average lot size in Victoria Crossing 0.00 acres Average year built in Victoria Crossing 1986 Homes for sale in Victoria Crossing Address Beds Baths Built Price 632 Wainsford Dr. 4 2.1 1986 $299,900 Sales Summary for Victoria Crossing  (Mar 11, 2012 - Mar 11, 2013) # of Sales Average Days on Market Average List Average Sale Ratio% 6 205 $349,058 $321,517 92.1% Recent home sales in Victoria Crossing Address ... 03/10/2013

Spring Mill, Hoffman Estates, Illinois About Spring Mill Spring Mill is a townhome community built in the late 1970's and early 1980's. Spring Mill is located in Hoffman Estates south of Higgins Road and west of Roselle Road. Average taxes in Spring Mill $4,416 Average association fees in Spring Mill $176 ($176 - $176) Average home size in Spring Mill 0 ft2 Average lot size in Spring Mill 0.00 acres Average year built in Spring Mill 1977 Homes for sale in Spring Mill Address Beds Baths Built Price 362 Cedar Tree Ct. 3 2.0 1977 $179,900 Sales Summary for Spring Mill  (Mar 11, 2012 - Mar 11, 2013) # of Sales Average Days on Market Average List Average Sale Ratio% 6 367 $189,133 $146,484 77.5% Recent home sales in Spring Mill Address Beds Baths Sold 369 Cedar Tree Ct. 3 1.1 $117,101 985 S... 03/10/2013

Prestwick Place, Hoffman Estates, Illinois About Prestwick Place Prestwick Place is a townhome community built in the mid 1990's by Pasquinelli. Prestwick Place features two story town homes with floor plans ranging in size from 1,448 to 1,870 square feet. Prestwick Place is located in Hoffman Estates, Illinois on Chambers and Palatine Road west of Ela. Average taxes in Prestwick Place $5,166 Average association fees in Prestwick Place $257 ($240 - $270) Average home size in Prestwick Place 1,582 ft2 Average lot size in Prestwick Place 0.00 acres Average year built in Prestwick Place 1992 Homes for sale in Prestwick Place Address Beds Baths Built Price 4845 Prestwick Pl. 2 2.1 1989 $198,900 4806 Prestwick Pl. 2 2.1 1993 $229,900 4809 Turnberry Dr. 2 2.1 1993 $194,900 Sales Summary for ... 03/10/2013

Poplar Hills North, Hoffman Estates, Illinois About Poplar Hills North Poplar Hills North is a single family home neighborhood built from the mid to late 1980's. Poplar Hills North is located in Hoffman Estates, Illinois north of Algonquin Road and west of Ela Road. Average taxes in Poplar Hills North $8,383 Average association fees in Poplar Hills North $0 Average home size in Poplar Hills North 2,100 ft2 Average lot size in Poplar Hills North 0.25 acres Average year built in Poplar Hills North 1985 Homes for sale in Poplar Hills North Address Beds Baths Built Price 4365 Lombardy Ln. 4 2.1 1985 $389,900 Sales Summary for Poplar Hills North  (Mar 11, 2012 - Mar 11, 2013) # of Sales Average Days on Market Average List Average Sale Ratio% 6 129 $372,283 $351,833 94.5% Recent home sales i... 03/10/2013

Poplar Hills, Hoffman Estates, Illinois About Poplar Hills Poplar Hills is a single family home neighborhood built in the late 1970's. Poplar Hills is located in Hoffman Estates, Illinois on Whispering Trails Road and Huntington Road. Average taxes in Poplar Hills $5,556 Average association fees in Poplar Hills $0 Average home size in Poplar Hills 1,782 ft2 Average lot size in Poplar Hills 0.00 acres Average year built in Poplar Hills 1978 Homes for sale in Poplar Hills Address Beds Baths Built Price 3649 Alder Dr. 4 2.0 1978 $205,000 1705 Chestnut Ln. 3 2.0 1978 $269,000 Sales Summary for Poplar Hills  (Mar 11, 2012 - Mar 11, 2013) # of Sales Average Days on Market Average List Average Sale Ratio% 6 90 $270,100 $245,667 91.0% Recent home sales in Poplar Hills Address Beds Baths Sold 3... 03/10/2013

Poplar Creek, Hoffman Estates, Illinois About Poplar Creek Poplar Creek is a townhouse community built in the mid 1980's. Poplar Creek features 242 town houses with four floor plans centered around Poplar Creek golf course. Poplar Creek is located in Hoffman Estates, Illinois on Moonlake Road and Higgins Road. Average taxes in Poplar Creek $3,926 Average association fees in Poplar Creek $255 ($255 - $255) Average home size in Poplar Creek 1,736 ft2 Average lot size in Poplar Creek 0.00 acres Average year built in Poplar Creek 1987 Homes for sale in Poplar Creek Address Beds Baths Built Price 1663 Carmel Ct. 2 2.1 1988 $189,900 1784 Pebble Beach Dr. 2 2.2 1985 $230,000 Sales Summary for Poplar Creek  (Mar 11, 2012 - Mar 11, 2013) # of Sales Average Days on Market Average List Average Sa... 03/10/2013

Partridge Hill, Hoffman Estates, Illinois About Partridge Hill Partridge Hill is a townhouse community built in the early 1980's. Partridge Hill features 195 town houses with floor plans ranging between 1,700 and 1,800 square feet of space. Partridge Hill is located in Hoffman Estates, Illinois on Bode Road east of Gannon Road. Average taxes in Partridge Hill $5,936 Average association fees in Partridge Hill $245 ($225 - $265) Average home size in Partridge Hill 1,872 ft2 Average lot size in Partridge Hill 0.25 acres Average year built in Partridge Hill 1979 Homes for sale in Partridge Hill Address Beds Baths Built Price 627 Randi Ln. 4 2.1 1977 $269,900 775 Randi Ln. 3 1.1 1977 $217,000 601 Randi Ln. 4 2.1 1977 $300,000 694 Partridge Hill Dr. 3 2.1 1982 $185,000 679 London Sq. 3 2.1 1... 03/10/2013