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February 12, 2012
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Bartlett, Illinois

Reported by Dennis Toomey, REALTOR

Updated January 31, 2012.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

The inventory of homes has many Short Sales and Foreclosures, which has been putting pressure on home prices. Detached property levels have declined. The condo market continues in general to display a slower recovery with financing issues creating a larger drag on that segment with what appears to be more stringent requirements. And the increase in rentals is not making financing any easier as some developments exceed owner/renter criteria. Rates are at a low and the banks are tightening their mortgage qualifications. This is a great time for buyers with more inventory to choose from. Want a Market Snapshot of your neighborhood?
http://www.homeinsight.com/Widget/default.asp?ZZQWAJ7F40EP

ZIP Codes: 60103, 60133

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.

For More Information:

View Market Conditions of other areas served by Dennis Toomey

Navigate: Top > Illinois > Bartlett

About Dennis Toomey:
Over 35 years of Sales, Marketing & Contract Negotiation Experience

Licensed Illinois Real Estate Broker

ABR - Accredited Buyer's Representative of the Real Estate Buyer's Agent Council

CDPE - Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners.

GRI - Graduate Realtor Institute designee of the National Association of Realtors
REALTORS® with the GRI designation are highly trained in many areas of real estate to better serve and protect their clients.

CRP - Certified Relocation Professional
It is awarded only to those individuals who have demonstrated knowledge and expertise in all aspects of corporate relocation.

CRS - Certified Residential Specialist - The Top 4 Percent
Less than 4 percent of all licensed Realtors® are Certified Residential Specialists.

e-PRO Internet Professional
e-PRO is the only NAR approved Internet Certification Program.

SFR - Short Sales and Foreclosure Resource Certification

RE/MAX Hall of Fame

100% satisfaction GUARANTEED to all clients, whether Buyer or Seller

Fast, friendly & easy to work with


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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