Single Family Short Sales for Palatine, IL December 2012   Single Family Homes Short Sale Activity Palatine, IL   Palatine, IL is a great town that is known for great schools, easy access to the highways, a nice downtown area and metra station that is convenient for commuting into Chicago. This is the short sale information for single family homes in Palatine, IL.In the last 30 days, 12/5/12 - 1/4/2013 there were a total of 42 single family homes that were either active, sold, or are currently under contract. Of the 42, you can see from the pie chart that there are currently only 16 single family homes for sale in Palatine that are available as a short sale. 5 of the homes sold during the last 30 days.  The majority of the homes are still under contract(21).  The homes that are under co... 01/07/2013

Look for Palatine Rentals Here: Privately Owned Palatine Rentals   2 Bedroom Rentals Near Downtown Palatine Under $2,000 As one of the up and coming Downtown areas, 2 bedroom rentals near downtown Palatine under $2,000 are in high demand. The Village of Palatine and local businesses have made the Downtown Palatine Area a fun and exciting area. With a Metra train station located in the middle of the downtown, its convenience of location plays a high factor in why so many people like living in that area. It makes it easy for commuters and also allows easy access to downtown Chicago for a fun night out without having to worry about dealing with the Chicago Traffic or driving back after having a few cocktails. There is also a very nice Starbucks located in the same building as the train sta... 01/07/2013

Now is the Time to Rent Out Your Home in Palatine If you’ve been following the market trend this past year, you know that right now is the perfect time to rent out your current home or investment property and get the most return for your investment in the shortest amount of time because RENTALS ARE GOING QUICK! With millions of Americans who either went through a foreclosure or a short sale on their home, there are now many more people who are in the rental market who were not there in years past, making demand go up while supply stays the same. That is why this past year we have seen rental prices at an all time high and the time that inventory stays on the market have been much shorter than in prior years. As you can see in the image below, in the past month there have been 33 rentals... 01/07/2013

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, 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 16 120 $50,000 - $99,999 55 231 $100,000 - $149,999 47 309 $150,000 - $199,999 49 381 $200,000 - $249,999 40 185 $250,000 - $299,999 36 159 $300,000 - $349,999 22 198 $350,000 - $399,999 22 179 $400,000 - $449,999 11 191 $450,000 - $499,999 16 209 $500,000 - $549,999 9 183 $550,000 - $599,999 13 350 $600,000 - $699,999 13 259 $700,000 - $799... 12/18/2012

Update on Current Real Estate Conditions in Palatine Illinois (home sale, property, land statistics) This update is as of of December 10, 2012.  Currently - there are 175 single family homes on the market, ranging in price from $75,000 to $1,590.000.  As compared to my post in March when there was 213 single family homes on the market ranging in price from $100,000 to $1,780,000.  During the past month 26 properties closed - ranging in price from $114,000 to $509.000 as compared with 18 properties that closed in March. In the townhome and condo market in Palatine, there are currently 197 listed properties as compared to 326 listed properties in March -- ranging in price from $27,900 to $1,990,000. During the past month - 48 properties closed compared to 43 in March, ranging in price fro... 12/10/2012

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, 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 20 116 $50,000 - $99,999 102 214 $100,000 - $149,999 47 384 $150,000 - $199,999 48 327 $200,000 - $249,999 43 189 $250,000 - $299,999 37 149 $300,000 - $349,999 37 232 $350,000 - $399,999 21 143 $400,000 - $449,999 14 145 $450,000 - $499,999 17 232 $500,000 - $549,999 12 297 $550,000 - $599,999 13 293 $600,000 - $699,999 19 283 $700,000 - $799... 10/15/2012

Lakewood Glen, Palatine, Illinois About Lakewood Glen Lakewood Glen is a single family home neighborhood built in 2002. Lakewood Glen is located in Palatine, Illinois on Aspen Court and Route 68, 1/4 mile west of Quentin Road. Average taxes in Lakewood Glen $9,334 Average association fees in Lakewood Glen $525 ($525 - $525) Average home size in Lakewood Glen 3,711 ft2 Average lot size in Lakewood Glen 0.00 acres Average year built in Lakewood Glen 2002 Homes for sale in Lakewood Glen Address Beds Baths Built Price 909 Aspen Ct. 5 4.0 2002 $599,900 Sales Summary for Lakewood Glen  (Sep 27, 2011 - Sep 26, 2012) None Recent home sales in Lakewood Glen None Schools for Lakewood Glen Elementary Schools Stuart R Paddock School (District 15) Middle Schools Walter R Sundling Junior High School ... 09/26/2012

What is the median price of Palatine homes? Let's look at detached homes and attached homes separately. The median price of Palatine single family homes sold based on the last six months is $268,000. The median price of Palatine attached homes sold based on the last six months is $87,500. It's fair to say that the attached home sales are affected a lot by short sale and foreclosures at the low end with many sales under $50,000. So when considering Palatine homes for sale and what the median price will buy, I am going to ignore attached homes on this report. If you are a home buyer or relocation buyer looking at Palatine for your new home what can a price range of $260,000 to $280,000 buy you? Here's an average home: 4 bedrooms 2.1 bathrooms ( 2 and a half) Raised ranch or split level st... 09/18/2012

Cherrybrook Village, Palatine, Illinois About Cherrybrook Village Cherrybrook Village is a townhouse community built in the late 1980's. Cherrybrook Village is located in Palatine, Illinois on Smith Road south of Dundee. Average taxes in Cherrybrook Village $3,840 Average association fees in Cherrybrook Village $45 ($43 - $46) Average home size in Cherrybrook Village 1,137 ft2 Average lot size in Cherrybrook Village 0.00 acres Average year built in Cherrybrook Village 1984 Homes for sale in Cherrybrook Village Address Beds Baths Built Price 333 Tanglewood Ln. 3 1.1 1985 $164,900 277 Broadmoor Ct. 2 1.1 1983 $120,000 1486 Gatewood Ave. 2 1.0 1984 $145,900 241 Fairfield Ct. 2 1.1 1985 $175,000 Sales Summary for Cherrybrook Village  (Sep 12, 2011 - Sep 11, 2012) # of Sales Average Days on ... 09/11/2012

Coventry Park, Palatine, Illinois About Coventry Park Coventry Park is a townhouse community built in the mid 1990's by Lexington Homes. Coventry Park features 230 town houses with floor plans ranging from 1,250 to 1,640 square feet of living space. Coventry Park is located in Palatine, Illinois on Wilke Road north of Northwest Highway. Average taxes in Coventry Park $4,808 Average association fees in Coventry Park $170 ($154 - $185) Average home size in Coventry Park 1,500 ft2 Average lot size in Coventry Park 0.00 acres Average year built in Coventry Park 1996 Homes for sale in Coventry Park Address Beds Baths Built Price 261 Lancelot Ln. 3 2.1 1996 $199,900 323 Valor Ct. 2 2.1 1996 $239,900 Sales Summary for Coventry Park  (Sep 12, 2011 - Sep 11, 2012) # of Sales Average Days on Mark... 09/11/2012

Heatherstone, Palatine, Illinois About Heatherstone Heatherstone is a single family home neighborhood built in the early 1990's by Kennedy Homes. Heatherstone features 59 homes with floor plans ranging from from 2,000 to 3,360 square feet of living space. Heatherstone is located off of Palatine Road and Winston in Palatine, Illinois. Average taxes in Heatherstone $9,527 Average association fees in Heatherstone $342 ($114 - $456) Average home size in Heatherstone 2,661 ft2 Average lot size in Heatherstone 0.25 acres Average year built in Heatherstone 1992 Homes for sale in Heatherstone Address Beds Baths Built Price 1569 Castle Ct. 4 3.1 1991 $399,000 1550 Castle Ct. 4 2.1 1991 $398,000 727 Victoria Dr. 4 3.1 1993 $389,900 Sales Summary for Heatherstone  (Sep 12, 2011 - Sep 11, 2012) # o... 09/11/2012

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, 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 22 149 $50,000 - $99,999 85 222 $100,000 - $149,999 64 314 $150,000 - $199,999 60 357 $200,000 - $249,999 48 221 $250,000 - $299,999 36 167 $300,000 - $349,999 55 209 $350,000 - $399,999 16 122 $400,000 - $449,999 13 191 $450,000 - $499,999 16 171 $500,000 - $549,999 21 218 $550,000 - $599,999 16 331 $600,000 - $699,999 24 246 $700,000 - $799,99... 08/15/2012

Whytecliff, Palatine, Illinois About Whytecliff Whytecliff is a single family home neighborhood located in Palatine, Illinois. Whytecliff is Whytecliffe Road and Roselle Road North of Euclid. Average taxes in Whytecliff $11,733 Average association fees in Whytecliff $0 Average home size in Whytecliff 2,934 ft2 Average lot size in Whytecliff 0.25 acres Average year built in Whytecliff 1976 Homes for sale in Whytecliff Address Beds Baths Built Price 1315 Kenilworth Ave. 5 3.1 1973 $539,900 1348 Hampton Pl. 4 2.1 1974 $525,000 425 Whitehall Dr. 4 2.1 1977 $439,000 408 Brighton Ct. 4 2.1 1977 $499,900 1165 Chatham Dr. 5 2.1 1977 $489,500 Sales Summary for Whytecliff  (Aug 4, 2011 - Aug 3, 2012) # of Sales Average Days on Market Average List Average Sale Ratio% 4 84 $464,675 $437,500 94.2% R... 08/03/2012

July 2012 Update - Current Real Estate Conditions in Palatine Illinois (home sales, condo and townhome sales, land statistics) < Currently - there are 217 single family homes on the market in Palatine IL, ranging in price from $75,000 to $999.900.  (Apparently the highest priced home in Palatine forgot to add $99 to their list price)During the past month – 37 properties have closed in the past month in Palatine, as compared to 18 properties as of March 14, 2012 - ranging in price from $115,000 to $699,000.  There are currently 111 properties under contract, as compared to 84 properties on March 14 - of which quite a few are short sale properties (that may not close at all.)   In the townhome and condo market in Palatine, there are currently 284 listed properties ranging in price from $2... 07/26/2012

When talking about the Palatine real estate market, many people only consider the homes that have been sold or are for sale, however there is much more to the market than just that. Price changes, types of homes, and new contracts are all key factors when talking about the market. The average price of a home listed in Palatine right now is $199,900, although the average price of a home sold is $159,000. This shows that on average every home price is being decreased and negotiated down by approximately $40,000. Although, this isn’t the best news for home sellers to hear, it is important to understand that negotiation is a key component to buying or selling a home. As of recent there are over 470 homes for sale in the Palatine area which means it will take about 8 months for all those hom... 07/25/2012

There are two schools of thought in real estate about signing up sellers who want to list their homes above where they should be. Just to expand on that I am really not referring to those that might be just a little high but those that are seriously above the market range. I am not expanding on those thoughts either, they just exist. Homes in Barrington can often be a little difficult to price. Homes in the Barrington area are not cookie cutter houses on standard size lots with little difference, they are more semi custom and lot sizes can be quite different, have zoning that can effect value, like horses or have extras like swimming pools, sport courts or more. Homes in Palatine area easier to price.Each subdivision in Palatine will have similar homes, often exact models, lot sizes are... 07/19/2012

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, 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 23 153 $50,000 - $99,999 89 218 $100,000 - $149,999 82 290 $150,000 - $199,999 58 381 $200,000 - $249,999 48 219 $250,000 - $299,999 44 155 $300,000 - $349,999 52 208 $350,000 - $399,999 24 155 $400,000 - $449,999 15 170 $450,000 - $499,999 15 187 $500,000 - $549,999 16 294 $550,000 - $599,999 16 371 $600,000 - $699,999 21 279 $700,000 - $799,99... 07/11/2012

The table below lists all of the single family detached and single family attached homes currently on the market in Palatine, 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 23 165 $50,000 - $99,999 100 222 $100,000 - $149,999 76 299 $150,000 - $199,999 60 370 $200,000 - $249,999 51 218 $250,000 - $299,999 55 132 $300,000 - $349,999 47 228 $350,000 - $399,999 25 113 $400,000 - $449,999 19 190 $450,000 - $499,999 19 184 $500,000 - $549,999 19 252 $550,000 - $599,999 16 419 $600,000 - $699,999 26 242 $700,000 - $799,9... 06/11/2012

Homes for sale in Palatine are all special! Homes for sale in Palatine are all special.  What do I mean by that and why does it matter? When is comes to marketing homes for sale in Palatine the MLS is the primary method of gaining exposure, especially to all the Realtors who have buyers. This in turn makes your property available for viewing on hundreds of local brokerage and broker websites. However the MLS limits the length of the description. All Homes For Sale in Palatine Have Features. It's true, every home is different. Granted they all have bedrooms, bathrooms, condos are condos, town homes are town homes and so on. All homes for sale in Palatine have unique features too. Whether it's proximity to schools, i.e. walking distance, large yards, contemporary styling, recent updates, ... 05/28/2012

Sharron Kelley | The Sharron Kelley Team at Coldwell Banker | (847) 465-3638 235 N Smith St Apt 503, Palatine, IL Exceptional Unit in The Metropolitan with Designer Flair! 2BR/2BA Condo offered at $274,000 Year Built 2008 Sq Footage 1,459 Bedrooms 2 Bathrooms 2 full, 0 partial Floors Unspecified Parking 1 Car garage Lot Size Unspecified HOA/Maint $298 per month DESCRIPTION EXCEPTIONAL UNIT CUSTOMIZED BY OWNERS WITH DESIGNER FLAIR T/O FEATURES 5H FLR END UNTIL W/26X5 TERRACE*PLANK FLOORING IN LR*DR& KIT*CUSTOMIZED PAINT IN ALL RMS*ALL CLOSET ORGANIZERS*CUSTOM LIGHTING T/O UNIT*42"LITE CHERRY CABINETS*FUSED GLASS BACKSPLASH*ALL STAINLESS APPL*CUSTOM BLT IN CENTER ISLAND W/ BUTCHER BLK TOP *BAYED WINDOW*GRANITE TOP*UPGRADED CPTG T/0*CSTM LDRY RM W/ HIGH EFFICENCY WASHER & DRYER*RADIANT GA... 05/14/2012