For more market reports and local real estate news, please visit my blog: http://activerain.com/blogs/debrakukulski
There are still many people having trouble making their mortgage payments. If I may help you or someone you know facing this very difficult situation, please contact me so we can confidentially go over some options. Letting your home go all the way to foreclosure is not always necessary, so please reach out for some help.
Two excellent sites to check into are: https://www.hopenow.com/ http://makinghomeaffordable.gov/
Now...Crystal Lake, Lakewood, Prairie Grove IL Real Estate Update:
Over the last 90 days, per MRED MLS, 120 single family homes in the Crystal Lake area have closed. The average list price in Crystal Lake was $233,713. which was the current listed price for homes when they went under contract, and the average original list price in Crystal Lake was $280,032. For the properties that sold in Crystal Lake, the sellers, with the help of their Realtors, were able to get an average sales price of $220,150. The homes that successfully sold in Crystal Lake stayed on the market an average of 196 days.
Successful sellers in Crystal Lake, with the help of their Realtors, have been getting an average of 79% of their original list prices and 94% of the current list price when they were able to come to agreement with a buyer. Average market time has increased just slightly in Crystal Lake since the last report.
22% of the listed homes in Crystal Lake went off the market without being sold.
At this report date, per MRED MLS of Northern Illinois, there are 422 single family homes on the market in Crystal Lake, with an average days on market time of 228 days (Average market time has decreased and inventory has decreased!) and an average list price of $295,646. There is a smaller inventory of available homes for sale currently on the market in Crystal Lake than at last report.
Crystal Lake is the central community in McHenry County with a variety of housing styles and price ranges including resale homes and many new construction communities.
Search over 140,000 listings at: http://TheresNoPlaceLikeYourPlace.com http://www.debrakukulski.com http://www.McHenryCountyProperties.com http://www.FoxRiverProperties.com
*************************** "Illinois 3Q11 Home Sales Up 19.9 Percent from a Year Ago
SPRINGFIELD, Ill. - According to the Illinois Association of REALTORSŪ (IAR) third quarter 2011 report, Illinois home sales (which include single-family homes and condominiums) totaled 29,644 in the third quarter, up 19.9 percent from 24,719 home sales in the same period a year ago. The third quarter statewide median home sale price was $145,500, down 4.9 percent from $153,000 in the third quarter of 2010. The median is a typical market price where half the homes sold for more, half sold for less.
"While median prices continue to trend downwards, there is some indication of increased demand as inventory levels in certain price ranges have been shrinking," said Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois. "In the third quarter, 64.1 percent of homes were sold in the price range under $200,000."
Adds Hewings: "On the jobs front, the three-month moving average of jobs was up by 5,400 jobs per month for the state of Illinois through September. Uncertainty remains about the economy, and if we had six or nine months of robust growth, something in the order of 150,000 to 250,000 jobs nationally, then we would see some real uptick in the housing market."
In the Chicagoland Primary Metropolitan Statistical Area (PMSA) total home sales (single-family and condominiums) were up 20.2 percent in the third quarter of 2011 to 19,847 homes sold compared to 16,518 home sales in the same period a year ago. The nine-county region's third quarter 2011 median price was $174,500, down 7.5 percent from $188,666 in the third quarter of 2010.
The third quarter 2011 interest rate for 30-year, fixed-rate mortgages averaged 4.31 percent in the North Central Region, according to the Federal Home Loan Mortgage Corporation. It was down from 4.69 percent in the second quarter of 2011 and down from 4.45 percent a year ago in the third quarter of 2010.
"Sales growth in the third quarter is due in part to significant pent-up demand from homebuyers waiting on the sidelines of this economy's slow recovery," said REALTORŪ Loretta Alonzo, CRB, GRI, president of the Illinois Association of REALTORSŪ and broker-owner of Century 21 Alonzo & Associates in La Grange Park. "Given the historically low mortgage interest rates it's a good time to do a comparable analysis for those looking to get away from rising rents with these affordability conditions."
Adds Alonzo: "We are still looking for stronger economic signals and more jobs to restore consumer confidence, all key factors for the housing market."
Seventy of 98 Illinois counties reporting showed year-over-year home sales increases in the third quarter of 2011. Forty-five of 98 counties reported median price increases including Adams, up 7.4 percent to $112,750; Macon, up 8.2 percent to $94,900; McLean, up 3.2 percent to $160,000; Peoria, up 8.3 percent to $124,500; Tazewell, up 8.9 percent to $135,000; Vermilion, up 12.1 percent to $60,000; and Whiteside, up 3.3 percent to $82,500.
In the city of Chicago, total home sales (single-family and condominiums) in the third quarter were up 10.3 percent to 4,940 sales compared to 4,477 sales in the third quarter of 2010. The city of Chicago median price in the third quarter was $198,000, up 2.6 percent from $193,000 in the same period for 2010.
"First-time homebuyers are finding great homes to make their first purchase, while other buyers are finding tremendous opportunities to become investors," said REALTORŪ Bob Floss, president of the Chicago Association of REALTORSŪ and broker-owner of Bob Floss and Son Realty. "Chicago real estate remains stable considering national economic conditions, and still a marketplace where residents or investors can make their dreams of homeownership a reality."
Sales and price information is generated from a survey of Multiple Listing Service sales reported by 31 participating Illinois REALTORŪ local boards and associations including Midwest Real Estate Data LLC data as of October 7, 2011 reported for the period July 1 through September 30, 2011. The Chicagoland PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.
The Illinois Association of REALTORSŪ is a voluntary trade association whose 44,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORSŪ works to protect the rights of private property owners in the state by recommending and promoting legislation that safeguards and advances the interest of real property ownership." Source: www.illinoisrealtor.org
"This time may be your best opportunity market in years. Mortgage interest rates are low and prices in Illinois are still holding strong. Over time no investment comes close to real estate so now is a great time to buy, sell or invest.
All real estate is local. What's happening in your local market is all that matters. Ask your local REALTOR what's going on in your market. They are the experts in pricing, buying and selling patterns, and demand.
Don't be scared off by stories about a "credit crunch." Conventional loans are available for credit-worthy buyers seeking these types of mortgages. And mortgage interest rates remain at historically low levels.
Is it a good time to buy? People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or expand.
The national housing market has received a lot of negative press lately with stories of mortgage market tightening and increasing foreclosures. But for the average person with good credit, traditional financing is readily available.
It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the 1980s. People bought homes then and they can buy them now.
Housing is your best long-term investment Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600." Source: National Association of REALTORSŪ
Why wait? It's a GREAT time to buy and grab your piece of the American Dream.
POSITIVE OUTLOOK :Right now may actually be one of the best times to buy a home. Consider these facts:
INTEREST RATES NEAR RECORD LOWS
Today's interest rates are GREAT, offering homebuyers a once-in-a-lifetime opportunity.
LARGE INVENTORY WON'T LAST
We have a large inventory of well priced homes on the market now, offering buyers the greatest choice in decades!
REAL ESTATE IS A GREAT INVESTMENT
DON'T DELAY
Now is a great time to buy a home. Call your REALTORŪ Debra Kukulski at 847-516-6760 :)
The National Association of RealtorsŪ, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries." Source: National Association of REALTORSŪ
About Debra:
Full Service and Full-Time Realtor Serving Northern Illinois -Extensive knowledge and experience in market area. Specialties include first-time as well as move-up buyers, waterfront properties, new construction!
BUYING A HOUSE? NOW...FREE HOME FINDING SERVICE! You can search available homes from here, or please feel free to give me a call or email me for more personal service.
Thinking of Buying a Home.. but "not quite" ready??? Here's a new way to find the home you want - direct, fast, and easy! This report works for both people buying now, and people who are buying later, but want to be aware of ALL of the new listings as they come on the market.
The Home Buyers Scouting Report is a free service emailed directly to you including your personal web site of all listings from all agents that match your personal criteria, complete with pictures, prices, addresses, and directions the properties!! It's like having your own private MLS! Please call or email me for details on how to sign up!
QUALIFICATIONS:
SFR-Short Sale and Foreclosure Resource
CDPE-Certified Distressed Property Expert Trained in distressed, REO's, Foreclosures and Short Sales
ABR-Accredited Buyers Represenative When purchasing a home, you want an agent who will look out for YOUR best interests!
e-PRO Certified I am an e-PRO Certified Real Estate Professional, providing both buyers and sellers with high quality,timely information using the resources of the Internet. e-PRO Internet Professionals maximize your ability to leverage the enormous power of the Internet when you are buying and selling property. I have completed extensive training using the Web. e-PRO Certification means as your Realtor, I am prepared to employ the latest techniques and services for your benefit!
RECS Real Estate Cyberspace Specialist-Charter Member.
GRI-Graduate Realtor Institute Advanced Training through the National Association of Realtors in listing and selling residential properties.
CDPE-Certified Distressed Property Expert
Awarded Top 10% in the Nation for Consumer Satisfaction by the Internet Consumer Group
Debra Kukulski, ABR, GRI, RECS, ePRO, CDPE, SFR RE/MAX Unlimited Northwest FOUR Offices to serve you! Crystal Lake, Algonquin, Lake Zurich and Palatine Locations Direct: 847-516-6760
ZIP Codes: 60014, 60012 Approximate Location Boundaries: East of Woodstock, South of McHenry, East of Cary and North of Algonquin.
Location Characteristics: Search over 140,000 listings at: http://www.TheresNoPlaceLikeYourPlace.com http://www.debrakukulski.com http://www.McHenryCountyProperties.com http://www.FoxRiverProperties.com
Crystal Lake is a growing community with a wide variety of housing styles and prices and many area amenities including it's own beautiful lake, shopping and restaurants. Crystal Lake also has two Metra stations in the downtown area. Crystal Lake features subdivision type living, country type properties, estate and luxury homes, waterfront and riverfront homes.
About Debra Kukulski:
If you are seeking a top professional who will listen, coach and help you work through your transaction so that you can relax and enjoy the fun and rewarding part of buying/selling, call me directly at 847-516-6760 or visit my website for area, community, and school info and references from past clients.
You can also search (FREE!) all current homes for sale from my website, at your leisure: http://www.McHenryCountyProperties.com When you need some assistance, please contact me and I would be hppy to help you!
Search over 100,000 listings at: http://www.debrakukulski.com http://www.McHenryCountyProperties.com
Ask me about my exclusive 'Sellers Marketing Plan', or my 'Preferred Buyers Program', where you will recieve regular notifications of new listings that match your criteria!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
