Palatine, IL Real Estate News

By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Reseda Palatine Located just south of Dundee Road and accessed off Hicks Road, Reseda is a well established neighborhood inPalatine Illinois. It's centrally located and in 5 minutes you can reach Route 53 for a north or south commute, the Metra station is also about a 5 minute drive if you need to commute to Chicago or visit for shopping or field trips. The schools are very close, many within walking distance including Palatine High School. There are several community parks nearby and just 5 minutes drive will take you to the Twin Lakes Recreational area. You can enjoy boating, fishing, golf, or just play in the large park area. There's also a grill for drinks, snacks or lunch and they also offer catering. For shopping lovers you are within 5 minutes of a large Dominicks grocery store o...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Time flies when you're in real estate and having just sold a home to first time buyers in Palatine, I am instantly reminded I need to get my Palatine monthly real estate report out. If you want to read last months report I'll post a link at the end, for now let's look at August home sales in Palatine. If I take a quick look at last month the word that comes to my mind for Palatine's real estate market this month is "Healthy" Why do I say that? Well we have less inventory, a good sign, more closings, a good sign, about the same for new listings and homes under contract this month, so bouyant also comes to mind. So far this year we have had 508 closings (homes sold). Last year in total we had 659. At the present rate, even with a slow down at the end of the year I predict at or near 700 s...
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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.   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 7 118 $50,000 - $99,999 106 247 $100,000 - $149,999 114 265 $150,000 - $199,999 110 287 $200,000 - $249,999 64 227 $250,000 - $299,999 78 192 $300,000 - $349,999 50 198 $350,000 - $399,999 39 216 $400,000 - $449,999 18 264 $450,000 - $499,999 27 218 $500,000 - $549,999 15 269 $550,000 - $599,999 25 325 $600,0...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
It's not often I step outside my normal listing and sales routines, so when I sold a home in Palatine to first time buyers it was like a breath of fresh air. Doing something different can certainly energize anyone, I am sure you'll agree. In late July I was contacted by one of my loan officers to see if I could help one of his friends buy a house. The property was in Palatine and they were either going to buy it or wait for a bit. As first time buyers and after a discussion with the loan officer, they decided that having the listing agent act on their behalf was maybe not in their bests interests. Being an advocate of buyer agency, where buyers have their own representation, of course I was happy to step in and work on their behalf. We took a look at the property they had seen at an ope...
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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.   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 92 $50,000 - $99,999 107 243 $100,000 - $149,999 127 262 $150,000 - $199,999 109 299 $200,000 - $249,999 73 208 $250,000 - $299,999 72 189 $300,000 - $349,999 62 186 $350,000 - $399,999 43 190 $400,000 - $449,999 18 310 $450,000 - $499,999 28 198 $500,000 - $549,999 16 231 $550,000 - $599,999 27 312 $600,...
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      Palatine Illinois The market statistics for home sales in Palatne IL for the month of July 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 down for single family homes and up for attached single family homes.  Our average LP of sold homes is up for single family homes and down for attached single family homes.  Average Sale Price of homes sold is up for single family homes and down for attached single family homes, and our LP/SP ratio is down for single family homes and down 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 attached sing...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
The Preserve Condos in Palatine Illinois-435 & 455 W Wood Street Right across the street from The Groves of Palatine is another condo complex on W Wood Street. The Preserve Condos in Palatine Illinois were built in 2006 and I do believe there are 94 units in the two buildings. Just a short distance away from the Palatine Metra station yet not in the busy trafficked streets of the town center. You can enjoy the natural area and pond and there is plenty of open area to take a walk with the pooch. Can you walk to Metra? Absolutely but perhaps not so much in the winter. It'll take about 10 to 15 minutes depending on your pace. You can drive to Schaumburg for shopping in 10 minutes or less and if you work in Motorola Schaumburg or Sears you'll be there in 7 minutes. I90 is only 10 minutes aw...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Palatine Condos - The Groves of Palatine - Mahogany Ct The Groves of Palatine is located off Wood Street and Quentin Road just north of Palatine Rd. These Palatine Condos were built in 2003 to 2005. Stylish and modern the three buildings that make up condos in The Groves of Palatine are brick built 7 story buildings with underground parking, elevators, comfortable lounge style lobby's and have adequate visitor parking space, as well as a courtyard landscaped area with trees, flowers and benches for your enjoyment. There are also townhomes here in The Groves. The Groves of Palatine offers Palatine condos a little away from the busy town center and with Quentin Road nearby it's easy to hop on Algonquin Road for quick access to Route 53 or I 90 and only 10 minutes from Woodfield Mall and S...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Welcome to the first of my monthly reports on the real estate market in Palatine. During July 2011 there were a total of 24 single family homes closed and 47 attached homes closed. This chart shows current listings, July sales, July new listings and homes currently under contract. If you are interested to see if home prices are still falling or whether we might even be inching up a little, let's look at July 2011 compared to July 2010. The average single family home sold in July 2011 for $326,715 and for attached the average sale price was $115,618 The average single family home sold in July 2010 for $426,508 and for attached the average sale price was $100,594 So this seems to support a drop in pricing for single family homes and an increase in pricing for attached homes. However it's ...
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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. 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 22 145 $50,000 - $99,999 126 230 $100,000 - $149,999 140 285 $150,000 - $199,999 126 267 $200,000 - $249,999 85 195 $250,000 - $299,999 74 194 $300,000 - $349,999 63 198 $350,000 - $399,999 45 252 $400,000 - $449,999 27 351 $450,000 - $499,999 25 259 $500,000 - $549,999 14 137 $550,000 - $599,999 29 287 $600,0...
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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. 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 20 126 $50,000 - $99,999 112 248 $100,000 - $149,999 147 277 $150,000 - $199,999 139 259 $200,000 - $249,999 83 205 $250,000 - $299,999 71 200 $300,000 - $349,999 62 195 $350,000 - $399,999 45 255 $400,000 - $449,999 27 312 $450,000 - $499,999 24 243 $500,000 - $549,999 16 139 $550,000 - $599,999 26 307 $600,0...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
  Eric P. Egeland | RE/MAX SUBURBAN | (847) 337-7090 512 Spruce, Palatine, IL Fannie Mae HomePath Property. 2BR/1BA Condo   offered at $56,900 Year Built 1983 Sq Footage 808 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 1 Parking Unspecified Lot Size Unspecified HOA/Maint $168 per month DESCRIPTION Great opportunity! Hardwood flooring, fireplace, newer cabs & granite. Close to retail & 53. This is a Fannie Mae HomePath Property. Purchase for as little as 3% down. Property is approved for HomePath Mortgage & HomePath Renovation Mortgage Financing. Owner Occupants close by 6/30/11 & request up to 3.5% of the final sales price for closing cost assistance! Click HomePath Special Offers for more details or ask me. Eric P. Egeland Broker Associate ReMax Suburban (847) 557-8552 NorthShoreREO....
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    Home sold Palatine Illinois The market statistics for home sales in Palatine IL for the month of April 2011.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month for detached homes and up for detached homes.  Sales this month over last month is down for single family homes and up for attached single family homes.  Our average LP of sold homes is up for single family homes and down for attached single family homes.  Average Sale Price of homes sold is up for single family homes and down for attached single family homes, and our LP/SP ratio is down for single family homes and down for attached homes.  The average market time for homes sold in Palatine IL 60067 zip code has gone up for single family homes in Palatine and up for attached singl...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
Palatine IL Bank Owned REO Foreclosure, Pre-foreclosure and Short Sale Homes Are you looking for a great deal on a home in Palatine? I’ve helped many buyers during the past year pick up bank owned foreclosure homes for great prices.You are in good hands, because I am the only Exclusive Buyer Agent / Broker in Chicago’s Northwest Suburbs. As such - both myself and my company never represent sellers. Why is that important? No dual-agency conflicts of interest, and as a Certified Negotiation Expert and specialist - my clients receive the best buyer representation in the Chicago area.My background also includes 20 years of competitive intelligence research and collection. As such, I’m one of the highest qualified Exclusive Buyer Brokers in the country.Feel free to contact me if you are seri...
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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. 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 16 194 $50,000 - $99,999 113 254 $100,000 - $149,999 147 282 $150,000 - $199,999 138 260 $200,000 - $249,999 83 209 $250,000 - $299,999 74 212 $300,000 - $349,999 64 206 $350,000 - $399,999 40 272 $400,000 - $449,999 22 362 $450,000 - $499,999 24 306 $500,000 - $549,999 11 140 $550,000 - $599,999 30 340 $600,0...
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By Rick Hauser, ABR, CNC, CNE, GRI, SFR, Exclusive Buyer Agent-Cov
(Buyer Broker Chicagoland - CHICAGO IL AND SUBURBS)
Palatine Bank Owned Foreclosure and Short Sale Property Listings - Homes at Discounted Prices--- View Palatine Bank Owned REO properties in a map based format.Bank owned foreclosures offer better opportunities for home buyers, because they can get answers back relatively quickly (typically in one to three days) - versus putting in an offer on a short sale property, where a multitude of things can go wrong - and you may not get answers back until three to six months later!  Many times, the bank owned price is less than where the short sale list price was, months earlier - anyway.As an Exclusive Buyer Agent and Certified Negotiation Expert - I’ve helped many clients purchase bank owned and short sale properties during the past four years - at exceptional prices.In a multiple offer situati...
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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. 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 $149,999 278 259 $150,000 - $199,999 127 284 $200,000 - $249,999 76 218 $250,000 - $299,999 72 233 $300,000 - $349,999 47 228 $350,000 - $399,999 44 265 $400,000 - $449,999 21 362 $450,000 - $499,999 28 239 $500,000 - $549,999 10 162 $550,000 - $599,999 27 343 $600,000 - $699,999 20 333 $700,000 - $799,999 10 250 $8...
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Red Alert!  Palatine Homeowners and others in Cook County need to review their Property Tax Exemptions!   (Feel free to use our map based search for homes in the Palatine Il area to look up homes for sale in your neighborhood) Are you receiving all the property tax exemptions you are entitled to?  Have you protested your taxes recently?  You should really do it every year, for maximum tax savings! You can pay an attorney (that we know of) - $50 and he will only charge you half of any first year tax savings in addition to the $50 - so you have nothing to lose, and everything to gain! Now is a great time to pull out your tax bill and check to make sure you are getting all your property tax exemptions.  The available exemptions can dramatically lower your property tax bills.    While you a...
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        Homes in Palatine Illinois The market statistics for home sales in Palatine IL for the month of February 2011.  The current inventory of homes for sale in Palatine Illinois Zip Code 60067 is up vs last month for detached homes and up for detached homes.  Sales this month over last month is down for single family homes and up 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 up for single family homes and down for attached single family homes, and our LP/SP ratio is up 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 attached...
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Deerpath Manor in Palatine Deerpath Manor is a condo community built in the mid 1980's. Deerpath Manor is located in Palatine, Illinois on Old Hicks Road south of Lake Cook Road. Activity in Deerpath Manor for the past 6 months Homes Sold Lowest Price Highest Price Average Price 1 $115,000 $115,000 $115,000 1 homes sold in Deerpath Manor in Palatine from $115,000-$115,000 with an average price of $115,000 within the last 6 months. -Palatine- Address City Beds Baths Model List Price Status 1010 Nichols Rd, 5 Palatine 2 1   $144,900 Active 2264 Enlund Dr, 2 Palatine 2 2   $129,900 Active 2275 Enlund Dr, 8 Palatine 2 2   $139,000 Active 2248 Enlund Dr, 5 Palatine 2 2 Somerset $144,900 Active 2291 Enlund Dr Palatine 3 2 Burnham $79,900 Pending
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