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November 24, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Palatine, Illinois

Reported by Dennis Toomey, REALTOR

Updated November 18, 2009.

Current Market Rating: 2




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2
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5
Buyer's

Seller's

Current Price Trend: 2




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2
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5
Falling

Rising

The inventory of homes has many Short Sales and Foreclosures, which has been putting pressure on home prices. 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. $8,000 tax credit for first time buyers and $6,500 tax credit for exisiting homeowners (5 years) expires April 30, 2010.

ZIP Codes: 60067, 60074, 60095

Location Characteristics: Located just 28 miles from Chicago's Loop and 14 miles from O'Hare International Airport, Palatine puts metropolitan cultural and business advantages within easy reach, while providing an away-from-it-all home town feeling for its residents.

A pleasant mix of residential, commercial, light industrial and office space, surrounded by parks and open space, provide Palatine with a solid tax base and a tranquil atmosphere.

Recreation and leisure activities abound in Palatine. Civic, religious and community groups of nearly every description welcome new and old residents alike. Dozens of homeowners associations foster a sense of old fashioned neighborliness. Award winning schools are a source of tremendous pride in Palatine.

Who lives in Palatine? Here's a quick look:

2000 population 65,479
2000 median age 34.3 years
2000 number of households 25,518

Palatine's home town merchants take pride in treating their customers to home town service and attention. And why not? The shop owner may well be your neighbor, or the parent of one of your child's friends. Many shopkeepers have family roots in Palatine that go back five generations or more.

It is all of these things and more that make Palatine a real home town

For More Information:

View Market Conditions of other areas served by Dennis Toomey

Navigate: Top > Illinois > Palatine

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

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.

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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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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