Hanover Park, IL Real Estate News

By Richard Parr, Home Security Specialist - Greater New Orleans, Louisiana
(ADT Security Services)
Property values in Hanover Park, IL, are about the same as 3 years ago.  The data covers the last 3 years and shows that although the number of homes sold is down significantly, the home values are similar to 2005.  The chart below shows the decline in detached single family homes sales from 2005-2007.The data above confirms what the national media has been saying about the real estate market.  It IS true, Hanover Park has shown declines in the number of homes sold just like the rest of the country.  As a percentage, home sales are down about 54% during this period.  Where the news reports make their mistake is with the broad generalizations regarding the home prices.  Below you will see what has happened to local home values over this same period of time.This graph shows the average pr...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
The Hanover Park real estate market has been quite busy this past week. 10 Hanover Park homes went under contract and 11 went to the closing table. Each week that we get closer and closer to the end of school, we will see the activity continue to climb.Take advantage of the "spring market." If you are looking to make a move, there are lots of homes to choose from and sellers are being very workable on their prices. Don't forget to check with a loan officer for approvals, loan programs and current interest rates.Here is the Hanover Park real estate statistics for the week March 3 through March 9, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES10    NEW4      PRICE CHANGES4      CONTI...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
Lots of activity going on in the Hanover Park real estate market this week. The phones are ringing everyday for us. Potential buyers and sellers looking to make a move. Our sales are definately up from this same time last year!! 7 Hanover Park homes went under contract last week and 9 Hanover Park homes made it to the closing table.Here is the Hanover Park real estate statistics for the week February 25 through March 2, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES6      NEW2      PRICE CHANGES5      CONTINGENT/PENDING ( UNDER CONTRACT )4      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)2      NEW4     PRICE CHANGES2     CONTINGENT/PENDING  ( UNDER CONTRACT )5     CLOS...
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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 Chicago Northwest Suburban Market which includes the Hanover Park IL area.  SMART PEOPLE ARE BUYING REAL ESTATE NOW!  Sellers are hot to compete and make their home standout above their competition.  Sellers are flexible!  Lots of Inventory = Buyer Benefits  SO WHY NOT GET IN THE GAME?  This is a great time to get your first home, move to a smaller home or get that larger home of your dreams!  To some buyers 100% financing is still available with a decent credit score and history! Here is a chart of ACTIVE homes in Hanover Park with the MARKET TIMES posted as "Average Days on the Market". There are currently 150 homes in various styles and types available with the Average Market Time of 174 days.  The median price is $249,900 and the high...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
There has been a lot of activity in Hanover Park both in the weather and the Hanover Park real estate market. We continue to see and increase in the real estate activity. Showings are up and Hanover Park homes are going under contract.Here is the Hanover Park real estate statistics for the week February 4 through February 10, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes.  SINGLE FAMILY HOMES3      NEW3      PRICE CHANGES3      CONTINGENT/PENDING ( UNDER CONTRACT )0      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)2      NEW1     PRICE CHANGES4     CONTINGENT/PENDING  ( UNDER CONTRACT )0     CLOSEDThe best decision you can make is a well informed and educated decision. We create value by p...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
Although the weather is not what you would expect when someone tells you the "spring market" has begun, the Hanover Park real estate spring market is in full swing! It is very exciting to see things happen once again.9 Hanover Park homes went under contract last week and that number will only continue to grow with the continued low interest rates and variety of inventory.Here is the Hanover Park real estate statistics for the week January 28 through February 3, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES4      NEW7      PRICE CHANGES5      CONTINGENT/PENDING ( UNDER CONTRACT )0      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)4      NEW2     PRICE CHANGES4     CONTIN...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
Great news for the Hanover Park real estate market. Hanover Park homes have seen quite an increase in activity and there were 10 Hanover Park homes that went under contract last week. Those are some very encouraging numbers."Spring market" has begun and how about those great interest rates??? Check with a mortgage lender to see what loan programs you qualify for. With the selection of inventory and great interest rates, now is the time to buy!Here is the Hanover Park real estate statistics for the week January 21 through January 27, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES2      NEW8      PRICE CHANGES6      CONTINGENT/PENDING ( UNDER CONTRACT )4      CLOSEDATTACHED HOUSING (...
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By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
The sun has come out on the Hanover Park real estate market. Despite the bitter cold weather, Hanover Park homes have seen some great activity in the last 7 days. 9 Hanover Park homes have gone under contract in 7 days. That is really some great news!!Those numbers will only increase as we go along and get further into the true "spring months."Here is the Hanover Park real estate statistics for the week January 14 through January 20, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES9      NEW9      PRICE CHANGES4      CONTINGENT/PENDING ( UNDER CONTRACT )2      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)7      NEW5     PRICE CHANGES5     CONTINGENT/PENDING  ( UNDER CONTRA...
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By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
Comments 0
By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
Despite all the negative media reports, the Hanover Park real estate market saw some steady growth throughout 2007. There is no denying that numbers are down from previous years however, it is not as bad as the media would lead you to believe. Real estate markets are all local. Each one very different from the next. While one are may have no significant activity at all, another may have a steady, even flow of activity. Therefore, it would be unfair to base a decision of moving and not moving on these "national statistics" reported from the media.Know what is going on in your specific market place. If you are a seller, your real estate agent should be keeping you aware of what your competition is. What are they priced at? How long have they been on the market? How do they compare in amen...
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It has been getting colder and colder as the week goes on. They are predicting temperatures in the single digits by the end of the week. It is nice to see that the weather has not stopped Hanover Park homes from going under contract.The Hanover Park real estate market has seen some great activity this past week. 16 properties went under contract in 7 days. That is fantastic for sellers and for the buyers too!!Here is the Hanover Park real estate statistics for the week January 7 through January 13, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES3      NEW5      PRICE CHANGES7      CONTINGENT/PENDING ( UNDER CONTRACT )1      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)4  ...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
It is a new year!! Are you thinking about buying or selling a home??? Don't let the media fool you.....Hanover Park homes are selling and buyers are buying!! We have seen a dramatic increase in the activity of the Hanover Park real estate market over the past few weeks.There will be new inventory coming on the market. Make sure you consult with a real estate professional to go over the market conditions in your area and the extensive marketing plan he or she will put into place. A seller should always be aware of any new homes on the market and how that could affect their saleability.Here is the Hanover Park real estate statistics for the week December 31 through January 6, 2008. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, C...
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By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
Comments 0
By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
We have all been through some very challenging times in real estate this year. The Hanover Park real estate market has been no different however, things are looking up. We have seen quite an increase in activity and in Hanover Park homes going under contract in the last few weeks. Last week alone, 5 Hanover Park homes went under contract at a time of the year when it is typically slow.Here is the Hanover Park real estate statistics for the week December 24 through December 30, 2007. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes.   SINGLE FAMILY HOMES2      NEW2      PRICE CHANGES2      CONTINGENT/PENDING0      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)2      NEW4     PRICE CHANGES3     CONTING...
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By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
Comments 0
By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
                                            The hustle and bustle of the holidays is coming to an end. The gifts are wrapped, the turkey is thawing and any last minute shopping is being done. There has been a lot of hustle and bustle in the Hanover Park real estate market also. Quite and exciting amount of activity this week. The holidays are not stopping people from buying homes.Here is the Hanover Park real estate statistics for the week December 17 through December 23, 2007. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES2      NEW1      PRICE CHANGES4      CONTINGENT/PENDING9      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)1      NEW6     PRICE CHANGES3     CONTINGENT/PEN...
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By Rick and Lynn Orze, Carol Stream, IL RE/MAX All Pro
(RE/MAX All Pro)
The stores are busy with shoppers trying to find that perfect gift......and by the looks of the Hanover Park real estate market, this has been a busy week with people finding that perfect home.Hanover Park homes have seen some exciting activity this week even though this is typically a slower time of year. It is very exciting to see seller finally getting contracts on their homes.Here is the Hanover Park real estate statistics for the week December 10 through December 16, 2007. These numbers include ALL SINGLE FAMILY HOMES FOR SALE and ATTACHED HOUSING FOR SALE including Townhouses, Condos and Duplexes. SINGLE FAMILY HOMES3      NEW2      PRICE CHANGES2      CONTINGENT/PENDING1      CLOSEDATTACHED HOUSING (TOWNHOUSES, CONDOS AND DUPLEXES)5      NEW4     PRICE CHANGES5     CONTINGENT/PEN...
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By Lyn Sims and the Blog Dog
(Streamwood, Elgin IL Real Estate - RE/MAX Suburban)
Looking for a home in the Hanover Park area?   This is a great time to get your first home, move to a smaller home, or move to a larger home.  Interest rates are stable and recently lowered despite all the media hype and is available to all with fairly decent credit.  In fact, YES I STILL DO HAVE 100% financing AVAILABLE if that is your requirement!  These are the current market numbers and availability for single family homes in Hanover Park IL.  Lots of great selections below the $250,000 range and we've got great custom construction for price ranges above that!  The median listing price for Hanover Park is $249,900.  Some "handyman specials" and "fixer uppers" are available for buyers trying to get instant equity in the market by doing the work themselves!To search for homes currentl...
Comments 0
By Greg Wilson
(1st Cornerstone Realty)
Are you buying, selling, or just curious about the real estate market? Check out my weekly market report on the local housing market. Don't make the mistake of not understanding market conditions when buying or selling a home. Take a look and the report for the current market and start understanding housing market in your area.
Comments 0
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