Palatine, IL Real Estate News

By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
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 16 199 $50,000 - $99,999 105 227 $100,000 - $149,999 76 311 $150,000 - $199,999 74 332 $200,000 - $249,999 48 224 $250,000 - $299,999 46 151 $300,000 - $349,999 46 200 $350,000 - $399,999 23 210 $400,000 - $449,999 14 282 $450,000 - $499,999 16 340 $500,000 - $549,999 17 191 $550,000 - $599,999 14 530 $600,000 - $699,999 23 300 $700,000 - $799,9...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Relocating to Chicago may not mean you'll be living in the city, many families choose the Northwest Suburbs of Chicago as home.  Welcome  to the Northwest Suburb of Palatine. Home to over 65,000 residents, Palatine is one of the larger suburbs in northwest Chicago-land area and one of the communities we sell homes in. Palatine is well located for commuters, close to I-90 for commuting to Chicago by car, there's also a Metra station if you decide to take the train. If you've found employment in the suburbs Palatine is centrally located in the northwest area, close to many of the larger employers along those major highways. Palatine Illinois covers about 13 square miles of land with very little water and is a thriving and active  city. With 10 elementary schools, 2 junior high and 2 high ...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
This is Your Monthly Update on Current Real Estate Conditions in Palatine Illinois (home sale, property, land statistics) This update is as of of March 14, 2012.  Currently - there are 213 single family homes on the market, ranging in price from $100,000 to $1,780,000.  During the past month - 18 properties have closed, ranging in price from $145,000 to $248,000.   There are currently 84 properties under contract - 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 326 listed properties ranging in price from $29,000 to $950,000. During the past month - 43 properties closed, ranging in price from $32,000 to $240,000.  A total of 153 condos and townhomes are under contract (many of which are short ...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
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.   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 15 200 $50,000 - $99,999 106 227 $100,000 - $149,999 80 326 $150,000 - $199,999 74 376 $200,000 - $249,999 36 220 $250,000 - $299,999 59 171 $300,000 - $349,999...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
There are over 500 homes for sale in Palatine IL, in fact today as I write this post there are 525 single family homes, condos and town-homes. How many of those are short sale listings and should you buy them? As of today 142 of the listings are short sale listings. That's 27%. Searching Homes For Sale in Palatine IL Should You Look At Short Sales? It isn't for me to tell you yes or no to this question, but you need to know the facts so you can make an educated decision. Of course if you decide yes, then without a doubt you need to work with a Palatine Realtor that has experience with short sales. Fighting your own battles on a short sale is not a very good idea, especially as most likely all you know is what you have read or heard in the media and that frankly is usually tainted or gen...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
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.   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 16 184 $50,000 - $99,999 105 238 $100,000 - $149,999 76 347 $150,000 - $199,999 76 372 $200,000 - $249,999 33 205 $250,000 - $299,999 56 182 $300,000 - $349,999...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Palatine homes are showing a steady sales pace with just a small decline compared to January 2011. I don't think there is anything to be alarmed about it's stilll much better than in previous years. Lets take a quick look at how many Palatine homes sold in January for the last 4 years. Palatine homes sold in January 2012 were 51, down only 3 from 2011 but up considerably from 2009 which was 29 and 2010 had 35. Of course the reality is that these Palatine homes were under contract at the end of last year and have nothing really to do with our mild winter this year. It will be interesting to watch the sales in February and March compared to previous years. When is The Right Time to List Palatine Homes Spring is always an active time of year to list Palatine homes but given our mild winter...
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  Palatine Illinois The market statistics for home sales in Palatine IL for the month of December 2011.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is down vs last month for detached homes and the same for detached homes.  Sales this month over last month is up for single family homes and the same 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, and our LP/SP ratio is down for single family homes and up for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone down for single family homes in Palatine and up for attache...
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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 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 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 19 138 $50,000 - $99,999 121 208 $100,000 - $149,999 88 340 $150,000 - $199,999 76 361 $200,000 - $249,999 31 241 $250,000 - $299,999 53 231 $300,000 - $349,999 42 272 $350,000 - $399,999 24 235 $400,000 - $449,999 12 471 $450,000 - $499,999 18 24...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
My year end review of real estate sales for 2011 is under way, you can read about single family homes; this post is a quick similar summary of Palatine condo and town homes sales. In other words attached properties that rarely have land, mostly common areas. You know there is always an exception to a rule.   First lets take a look at sales in 2011 compared to 2010. Sold in 2010 = 396 Sold in 2011 = 453 That's an increase of  14%. Single family homes had an increase of 16% so it's very comparable. Lets look at sales in the previous 3 years as a comparison. 2009 = 501 2008 = 429 2007 = 650 No doubt about it, Palatine attached home sales are still down but maybe there is a sign of recovery. We have to factor in short sales and foreclosures as they always make up a large part of the lower ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Palatine real estate is local. The only thing relevant to Palatine real estate is Palatine. What happens in Schaumburg, Cook County, Illionois or the USA is irrelevant. Reading the major media headlines is dangerous when it comes to real estate. They focus so much on what's going on in the whole country. Palatine real estate could be better, could be worse, one thing is for sure, it will not be the same. So here goes with my Palatine year end review. This report is all about single family homes. Referencing above, single family homes are different to condos so I must do another report for those with town-homes. After all you don't get any land with those so values are bound to be less. First lets take a look at sales in 2011 compared to 2010. Single family homes sold in 2010 = 263 Sing...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Really? Already! Gesh you've just got your pre-approval, you know what you can afford and what you are comfortable paying, you've got a fabulous idea in your mind about the home you want to buy and here I am telling you to compromise! Let's peddle back a little. The pre-approval tells you what priced home you can afford. Numbers have been crunched and your new mortgage payment will be $WHAT! How much. As you plop into the chair you realize it's a large chunk of your monthly pay check, so let's first take a look. You see the number you have been given is really the top end of your budget, it does not mean you have to spend that much. So if by maximizing it's going to cramp your social style can you compromise? Two reasons you will compromise when buying your first Palatine home.   The fi...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
In my first post about selling your Palatine home we talked about the MLS, agents, and syndicating the listing. Now that's done and your home is beginning to appear on a lot of web sites, it's time to see what else we'll do to market your Palatine home. Fortunately the MLS is just the start of your online presence and the marketing we do. Now it's time to take a look at a sign, the benefits and how we'll make it an interactive experience. Sign or No Sign? This will be a personal choice but as buyers of homes in Palatine still drive around preferred neighborhoods, we encourage home owners where-ever possible to have a sign. It's not always possible for town homes or condos, an alternative option is to have a sign on an upper floor window. The sign tells buyers your home is for sale, and ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Did you know that at least 80% of the buyers that walk through your home will do so with an agent of their own. It still is the leading source of finding a buyer and therefore is the number one prioritized item on a good marketing plan. The way to these buyers is through advertising to those agents and also online. Let's look at the Palatine agents first. If an agent wants to find homes to show their buyers the largest source is our MLS. (Multiple Listing Service). So it is the first place to advertise your home for sale. Now you are listed, any broker with a buyer in the Palatine area can check the database of homes to find properties that might be suitable for their client. Now let's see where we can get the MLS listing to show up. Where do buyers go to do research and find homes. Onl...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Hot on the heels of my last post about why 2012 appears to be a great year if you want to buy your first home, I thought I would turn this into a series to help Palatine first time buyers understand the entire home buying process. I know many of you won't have the time to attend a seminar, or just don't want to go to one. So I am going to do this online for you. Feel free to ask me any questions-email is just fine. Here's the first post in case you missed it. http://blog.realestateinpalatine.com/palatine-first-time-buyers-2012-could-be-a-great-year-to-buy-your-home/ So having discussed the low prices of Palatine homes and the low interest rates I suggested the first thing you need do is to get pre-approved for a mortgage. If you don't know who to call try Steve. He's a friend of mine, i...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Attention Palatine first time buyers, mortgage interest rates are at an all time low. As I write this post today, December 23rd 2011 the 30 year fixed mortgage rate hovers under 4%. Believe me when I tell you that is a very low interest rate. No doubt it will go up and down a little but it is predicted to stay low for a while. I hope so! Now I am not one of those agents that say you must buy, you must, you should, buy now, you know all that hipe. What I am saying is if you are considering buying your first Palatine home in 2012, you are being blessed with the lowest home prices we have seen in a very long time and the lowest mortgage interest rates we have seen in a very long time. Add those two to the great choice in homes for sale in Palatine and you cannot go wrong. Here are a few to...
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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 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 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 16 174 $50,000 - $99,999 128 212 $100,000 - $149,999 92 339 $150,000 - $199,999 78 342 $200,000 - $249,999 36 299 $250,000 - $299,999 52 242 $300,000 - $349,999 40 260 $350,000 - $399,999 26 224 $400,000 - $449,999 14 453 $450,000 - $499,999 18 207...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
SEO Success in Just Two Days - Google Loves Me! Real Estate in Palatine is Number Nine. Back in April this year I took on a task which had all the makings of success over a wide geographic area for the niche relocation. The problem was it was just too big for one person to handle so last weekend I decided, with a few tears, to bench the project. No, not thrown away just benched. Maybe one day I'll have the financial ability to start it up again, who knows. Have a nice rest Relocation House Hunters I did not want to waste the money I had spent on the design and the blog so what to do. Well as my Barrington site has been so succesful in the search engines and really now beginning to increase leads and clients, it seems a good idea to target a new geographic area. So I spent last Saturday ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
I wanted to look at the sales of Palatine Town Homes to see if sales activity is better this year than in 2010. Condos and town homes always suffer more in a buyers market, well at least they seem to, but let's look at some numbers, it should help verify my thoughts and maybe help Palatine town homeowners decide whether they want to sell or not. Lets take a look at the things sellers are most interested in: How long will it take to sell my Palatine Town Home? Are prices going down or up? This first graph shows that since 2007 the average marketing time to sell Palatine town homes has increased year on year. Although 2011 is not yet finished I went back 12 months from today to make it a 12 month cycle. I doubt it will change much in the last 3 weeks of the year. Naturally this is only an...
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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 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 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 12 183 $50,000 - $99,999 121 221 $100,000 - $149,999 96 320 $150,000 - $199,999 90 322 $200,000 - $249,999 54 228 $250,000 - $299,999 55 237 $300,000 - $349,999 44 236 $350,000 - $399,999 31 230 $400,000 - $449,999 15 370 $450,000 - $499,999 22 19...
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