NOW IS THE BEST TIME TO BUY! Also read my Market Report For Carol Stream and South Elgin.
Multiple listing service of Northern Illinois Statistics for past 12 months. As of 09/14/09
Single Family Active Listings= 217 Avg. market time=188 days. Avg. list price= $362,057
Sold Properties=Closed=216 Avg. market time= 171days. Avg. sold price= $294,410
Under Contract=63 Avg. Market time= 213 days. Avg Pending price=$297,167
Multiple listing service of Northern Illinois Statistics for past 12 months.
Attached Single Family
Active Listings= 139 Avg. market time= 195 days. Avg. list price= $213,225
Sold Properties= 88 Avg. market time= 131 days Avg. sold price= $191,124
Under Contract=21 Avg. Market time=277 Avg Pending price= $200,767
(information is believed to be accurate but not guaranteed)
The National Association of Realtors is reporting that penbding home sales are on "a record roll."
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7.
Lawrence Yun, NAR chief economist, notes, "The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit."
NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, says, "Even with a good recovery taking place, the market is not yet back to normal. With a gradual absorption of inventory, we are on the cusp of a general stabilization in home prices. To ensure that housing has a broad stimulus to the overall economy and stays on sound footing, we're encouraging Congress to extend the tax credit into 2010, and to expand it to all buyers of primary residences. The faster we stabilize home prices, the fewer families will face foreclosure and the quicker credit can be extended to other sectors of the economy."
For the latest information on your market, be sure to visit your Local Market Conditions.
Written by Realty Times Staff September 9, 2009
ZIP Code: 60103 Approximate Location Boundaries: Bartlett boundaries are approx. county farm rd on the east,lake st. (Rrt. 20) on the north,Army Trail Rd. on the south,and Route 25 on the west. Bartlett is in Three Counties: Cook, Dupage and Kane.
Location Characteristics: Bartlett is close to expressways and also has a Metro Station for easy access to downtown Chicago. In 2004 it was name by Money Magazine as one of the best places to live in the United States with a population under 50,000. Location Characteristics: The territory which is now the Village of Bartlett was, at various times in the past, a part of Spain, France, Virginia, England, the Northwest Territory, Indiana, the Illinois Territory, and, finally, the State of Illinois. The area was at one time a camping and hunting ground of the Pottawatomie, Ottowa, Miami, and Cherokee Indians.
The original forty acre town site was owned by Mr. Luther Bartlett, a native of Conway, Massachusetts, He came to Illinois by way of Michigan in 1844. The Bartlett family used this site as a "woodlot," the source of their lumber for buildings and wood for fires.
In 1873, Mr. Bartlett offered the Chicago & Pacific Railroad a right-of-way through his forty acres, as well as a train station site, as an inducement to bring the railroad to the town. The first train came through Bartlett that fall.
The Village was incorporated in 1891. (The original Minutes' books and Ordinances are on file in the Village Clerk's office.) The Village's first President was George Struckman, who served until 1899 and again from 1901 - 1911.
Bartlett's population has grown from 360 in 1900, to 3501 in 1970, to 36,706 in 2000. We have grown from a forty acre town site to an area covering nearly 16 square miles with over 100 miles of streets. The Village now lies in Cook, DuPage, and Kane Counties.
Bartlett's future is one of continued, and controlled, well-planned growth. This growth includes an active program designed to attract business and industry to Bartlett, primarily along the western edge of the Village, and to expand the commercial and industrial tax base. Our projected population for the year 2020 is 47,500.
Bob Reilley has been selling Real Estate in the Chicago suburban areas since 1967. Prior to joining RE/MAX in 1980, he owned or managed several succesful Real Estate offices. He is a member of the RE/MAX Hall of Fame,an Accredited Buyer Represenative, Seniors Real Estate Specialist, and a Certified Residential Specialist. He has a one-stop Real Estate service, so why go any where else?
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
