Hanover Park, IL Real Estate News

By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
How to describe this market for Hanover Park Homes?  Unbelievable! A now retired agent in my office used to say this to encompass every conceivable change or option and still stay positive!  I'm going to loudly reiterate that phrase to update you on recent Hanover Park Home sales.Over the last 3 months, inventory for Hanover Park Homes is down substantially from 13.2 to 9.6 months.  Where did these homes go?  I think that sellers have taken their homes off the market and decided not to move or the sellers have become 'reluctant' landlords in order to continue with their future plans.  The problem is not solved, only postponed to a future date when the lease expires.Percentage of Listed Homes that go under contract each month. July August Sept 6% 10% 8% Real estate is unique with a 60 da...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Introducing m.lynsims.net! Now your real estate search and favorite properties can go wherever you and your phone go!(Click on 'The Who' and hear the original 'Goin' Mobile')  THE MAGNIFICIENT 7 FEATURES OF MY NEW MOBILE SEARCH ~~~  Search the full MLS anywhere anytime including access to property details. Registered members, like yourself, can see all available listings in the MLS. Access your saved searches and favorites from your mobile device. Unlike most mobile real estate searches on the market today, you can save your searches and your favorite properties. There is no learning curve. The mobile process is completely intuitive. You can search and save just like you do on your computer. My mobile search works with all types of phones that allow you to browse the internet, including...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
  $110,000  Ugly duckling with good potential. Bank owned with new kitchen and new roof. Corner property half mile to commuter rail and shopping galore.                    This four bedroom home has 2 full baths, attached garage  and patio. Act quickly because showings are very active and expect final price to be close to asking.                                           
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By Lyn Sims, Schaumburg Real Estate
(RE/MAX Suburban)
Looking for a home in the Hanover Park area?   Check out available homes in Hanover Park IL now!  Interest rates are at a 40 year low so why not take advantage?These are the current market numbers and availability for Hanover Park IL Homes.  Lots of great selections (145 total) below the $200,000 range and we've got great custom construction for price ranges above that!  The current average listing price for Hanover Park is $189,000.  Some 'handyman specials, foreclosures and fixer uppers' are available for buyers trying to get instant equity in the market by doing the work themselves!  Some start at just $85,000.To search for homes currently available in the Hanover Park area, please go directly to the homesearch page (below) to get started.  Other interesting articles and ideas for se...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
What's the results of the tax credit with Hanover Park Home Buyers? I've been waiting to write this update now for quite sometime on Hanover Park Home Sales and to be honest, it sure is a let down!  Yep, anti-climactic end to the Home Buyers Tax Credit.  Like a sharp object aimed at a balloon, it's a total fizzle (or as Snoop Dogg would say 'a total furrrschnizzle').The graph illustrates sales for single family and multi-family Hanover Park Homes from January to June 2010.  With all the media hype, I would have expected better numbers.  What I see here is the standard increases that we see every year at this time.  But, one caveat for Hanover Park Homes is that I believe the tax credit was equally valuable to both single family and multi-family buyers.  Here we see a surge for the deadl...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Ever wonder how many short sales are REALLY on the market? I know I have.  We hear in the media day in and day out about the short sale epidemic.  Short sale this, short sale that.  I decided to find out for you what is really going on.  So much hype but what is the real story?  How many? With Hanover Park Homes that closed within the last 5 months there has been virtually a small percentage (11.5%) of homes going short sale.  But, unfortunately there is a large percentage of foreclosures which my graph will represent.  'Arms Length' transaction is a regular sale between a seller and buyer.So with Hanover Park Homes we have seen nearly the same amount of foreclosures (43.5%) as regular transactions close (45%).  Very sad indeed but a happy beginning for the new owners.   If you are look...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include Hanover Park homes.  Sellers are competing to make their home standout and enhance their marketability.  Prices have held between 4 to 6% from the listing price over the recent months. Here is a chart of the ACTIVE Single Family Hanover Park homes by price range with the market times posted as 'average days on the market.' There currently are 118 single family homes available for sale with an average market time of 177 days.  The average list price is $197,166 and the highest listing price is $699,000.  The largest and best selection of Hanover Park homes occurs in the $100,000 to $200,000 price range. The lowest price is $92,000 which would be considered a 'value price' at any time of the year. ...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Down Payment Assistance and Home Ownership Opportunity in DuPage County IL Neighborhood Stabilization Program (NSP) DuPage County is purchasing bank-owned foreclosed homes and rehabbing them for sale to qualified buyers, who would be willing to live in the house. This owner-occupied new program includes a special financing plan that can save you money and help you get the home of your dreams.How does it work? Borrower must qualify for a purchase price of at least $100,000 Tax impound account required Term of 15, 20 or 30 years Fixed rate, must be reasonable Fully amortized Renovation loans not allowed (203K) Lenders not on the Authorities Participating Lender List will need to submit a copy of the Good Faith Estimate (GFE) and Commitment Letter to the Authority at time of first mortgage...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
RE/MAX is twice as effective as the next competing real estate company in Hanover Park for 2009!  That's alot of real estate! Looking to get your home sold in this tougher market?  I'd love the get the job done! Looking to buy a home and want someone experienced to help you avert the potential potholes? Give me a call or email me so we can get started today! Hanover Park IL Market Share 2009
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
I fired myself and here's why! Did you ever have one of those listing presentations that just didn't get off on the right foot from the get go?  Saturday I had an appt. for a listing that was either to be for sale or for rent as the seller was moving shortly to Florida.  She wanted to know her options in this tough market so I offered my expertise and to come see the property. Well, you know what happens when the seller just expounds too much about the condition of her home?  No, Lyn I've lived here 5 years and there is no need to paint!  The carpet is in fabulous shape but she can't even tell you what color it is?  Neutral - now that's a color.  I'll have to jot that down. Upon arrival I asked for the customary tour and unfortunately what I expected surrounded me.  Lots of clutter, way...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Assessment Notices Mailed to Hanover Township Taxpayers First-Ever Downward Market Adjustment Lowers Assessments of Hanover Township Homes; All Hanover Township Taxpayers Being Notified of Changes in Levels of Assessment Chicago – January 19, 2009 – Cook County Assessor Jim Houlihan announced today that residential property owners in Hanover Township were mailed notices reflecting a reduction in the assessed values of their properties. The impact of these reductions will be seen in second-installment tax bills payable in the fall of 2010. "The situation we are facing in the real estate market is extraordinary, and the downturn has had an impact on home values," Houlihan explained. "After analysis of market sales and foreclosure data, we determined that Hanover Township homeowners should...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Hanover Highlands - Hanover Park IL Looking to get your home sold in this area?  I just sold this great split level 3BR's 2.5BA's with a family room addition off the back of the house!  It was previously listed with another realtor for 223 days.  I relisted the property and we went under contract in just 14 days! This is a tough market for sellers and you deserve to give your home the opportunity it deserves by an area expert!  Call me today so we can discuss getting you on to you new location!
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Hanover Park Illinois Median Home Prices The graph displayed below is the median home prices in Hanover Park from December 2007 to December 2009.  The median price is the point at which half of all homes are sold for more and half are sold for less.   It gives you an idea of what prices properties are selling for in that community.  When the median price is on the lower end, more reasonably priced homes are selling vs. the higher end homes.  In the current market since January 2009, you can see that the median priced home was $152,500 and then rebounded for October 2009 with a price of $193,500. This is also following the trend that I have personally seen with first time home buyers moving along the market.  Foreclosures are traditionally priced below market and are also adjusting the p...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Hanover Park Illinois Market Update by Price Range - July, August, September 2009 Diligently trying to keep both buyers and sellers educated on the local Hanover Park Illinois Home Sales and housing market has been my goal with regular posts. This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is down not giving encouraging news! 26% over the last 3 months!Isn't the $8000 Tax Credit making a difference?  Isn't the lower interest rates making a difference?  Maybe the great values in the area?I honestly can't say the reason for this quarterly downturn.  We were just up in sales 30% over the 1st quarter of the year.  Average days on the market is also up at 194.  The listing price to selling price ratio is ...
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By David Spencer, Show Me real estate in Kansas City
(Keller Williams Northland)
Foreclosure activity increasing, call for new addtions: 630-750-4255 Recent foreclosure additiojs include: Addison, IL; Bensenville, IL; Wood Dale, IL.; Glendale heights. Call fo detailed info.
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
There is a large amount of inventory thruout the Northwest Suburbs of Chicago which include the Hanover Park Area.  Sellers are competing to make their home standout and enhance their marketability.  Prices have held between 4 to 5% from the listing price over the last few months.  Here is the chart of ACTIVE Single Family Prices in Hanover Park with the MARKET TIMES posted as 'average days on the market.' There currently are 124 single family homes available for sale with an average market time of 198 days.   The average list price is $211,095 and the highest listing price is $799,900.  The largest selection of homes occurs in the $150,000 to $200,000 price range. The lowest price is $99,900 which would be considered a 'value price' at any time of the year.  I always like to call these...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Market Update by Price Range - April, May, June 2009 Diligently trying to keep both buyers and sellers informed on the local Hanover Park Illinois housing market has been my goal for many years.  This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way! 100% over the last quarter!Is it the $8000 Tax Credit?  Is it the lower interest rates?  Or maybe just great values in the area?  How can you use this information if you are a buyer?   The price range that you are thinking of purchasing in, is it one of the more active price areas of the market?  It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'   How can this information help yo...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Market Update by Price Range - April, May, June 2009 Diligently trying to keep both buyers and sellers informed on the local Hanover Park Illinois housing market has been my goal for many years.  This market update gives you the number of homes that have sold by price range so you get a feel for the current sales activity.  Which is up by the way! 68% over the last quarter!Is it the $8000 Tax Credit?  Is it the lower interest rates?  Or maybe just great values in the area?  How can you use this information if you are a buyer?   The price range that you are thinking of purchasing in, is it one of the more active price areas of the market?  It would be telling you that there are a lot of other buyers also in your price range all looking for that 'deal!'   How can this information help you...
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By Laura Resnick, Carol Stream, IL 630-975-0615, RE/MAX Unlimited
(RE/MAX Associates West Bartlett, Il. 60103)
Photo GalleryDescriptionCheck this out. Dist 93 and Dist 87 School District. Use your first time home buyer $8000 towards a spacious home with fenced yard including pool. (please exclude swingset) Master bedroom with updated bath. Newer roof, siding, furnace and water heater. Updated kitchen with corian counter tops. Walk to elementary school and park. Close to main arteries - Elgin O'hare, shopping, mall.. Call today... (alarm system, as is) Home has 3 bedrooms, 1 full bath and 2 1/2 baths. square footage is approx.FeaturesBedrooms: 3Bathrooms: 1.2Year Built: 1978Subdivision: Woodlake TrailsGarage Size: 1 carSchool District: Dist 93 & Dist 87Square Footage: 1350Agent Name: Laura ResnickBroker: RE/MAX Associates WestMLS #: 07244737Location1565 Nautilus Hanover Park IL 60133Powered by vF...
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By Lyn Sims, Schaumburg Real Estate
(RE/MAX Suburban)
OH NO, here comes Toto! This weekend here in Illinois we had really great weather so we decided to take the dog for a walk in the local forest preserve called Mallard Lake. Very nice area with ponds, trails, etc. We were enjoying ourselves on the final leg of our walk when around the bend - here comes 'Toto'. I am really bad at remembering dog breed names and this dog was headed straight at us on our left at a pretty good clip. What was strange was obvious - he or she was alone! No owner anywhere around. I was so surprised that I didn't even think to step in front of the little pooch to slow him down. He just 'flew' by and totally ignored my dog which was unusual too. A few hundred feet back was a gentlemen walking with his fishing pole and I asked him if that was his dog. He said the ...
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