Hoffman Estates, IL Real Estate News

By Lyn Sims, Schaumburg Real Estate Agent Retired
Here are the things you will need to know if you are planning on selling. So how is the market doing currently in Hoffman Estates? Here are a few graphs to help give you an idea.What is the percentage of homes that are going under contract each month in Hoffman Estates? This tells you if the market is flat, going up, or declining based on homes going under contract. It shows you the 'action' that buyers are taking in the market. How many other homes are for sale in Hoffman Estates? This is called the months of inventory level. The lower the level of homes on the market the better the market is for a seller. Currently, we have been in a seller's market for quite some time. Inventory fluctuates per month and is usually the highest in the spring months. For Hoffman Estates, the highest sel...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Most people that I talk with are concerned about how COVID-19 is effecting real estate. Will values stay the same? Will they decline? Honestly at this time, I can tell you what I have noticed with as many numbers or trends as I can gather for you. Before your eyes glaze over when I mention numbers, I'll be sure to explain how they will effect you. Just a disclaimer that real estate is a funny creature. One subdivision or town might be effected harshly & others will be fine. This is the way of the world so this report is a generality. Now in our Hoffman Estates Market, things have returned to numbers expected. We still have showings taking place with precautions taking place & homes selling at a faster pace than the 2019 year. So in conclusion, the market is still moving forward we just ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
 Here's the things you will need to know if you are planning on selling. So how is the market doing currently in Hoffman Estates? Here's a few graphs to help give you an idea. What is the percentage of homes that are going under contract each month in Hoffman Hoffman Estates? This tells you if the market is flat, going up or declining based on homes going under contract. It shows you the 'action' that buyers are taking in the market.  How many other homes are for sale in Hoffman Estates? This is called the months of inventory level. The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market for quite some time. Inventory fluctuates per month and is usually the highest in the spring months. Surprisingly for Hoffman Estates...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
One of the values that an agent brings to the table is their local knowledge of the real estate market. Is it up? Is it down? Suddenly a particular financing can no longer be used on your home which makes it available to less buyers. There are many, many things to compile to become knowledgeable. I pass all that information along to my sellers so they sell for more money & in a decent time frame. That's what I do & what I work for with every client I represent. One of the things that I noticed on doing the 2019 year end review was the vast amount of lender fees, points or 'mortgage help' the buyers are asking for in their home purchases. Following the sold & closed property everyday in nearby markets, I keep seeing $4000 and $5000 on many listings. This is also called 'seller concession...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Here's the things you will need to know if you are planning on selling. So how is the market doing currently in Hoffman Estates? Here's a few graphs to help give you an idea. What percentage of homes go under contract each month in Hoffman Estates? This tells you if the market is flat, going up or declining based on homes going under contract. It shows you the 'action' that buyers are taking in the market.  How many other homes are for sale in Hoffman Estates? This is told in the months of inventory level. The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market for quite some time. Inventory fluctuates per month and is usually the highest in the spring months. Surprisingly for Hoffman Estates, the highest listing month...
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By Brenda Kasprzyk, Realtor - Palos Heights, Palos Hills - Homes
(Real People Realty)
I  Did Received a Contract from the OPEN HOUSE in Hoffman Estates ~1100 Warington Lane , Hoffman Estates Thank you for all the well wishes. Closing Date is Jan.17 thWishing you a Happy, Healthy, and Prosperous 2020   BY BRENDA KASPRZYK Real Estate Agent with Real People Realty 214691  :November 18, 2019 10:22 PM   Buyers*** this if the Home for you. From the moment you walk in you'll feel at home! FEATURES Newer Kitchen, New Flooring on the Main Level, Updated Baths, and Freshly Painted throughout! Nothing to do but move in ! 3 Bed. 1.1 Baths ,Plus more room in the Basement. front of home living room/dining room living room Open Concept between Kitchen and Family Room. Sit at your Custom made Granite Table that the Seller designed for entertaining and Family Times ! kitchen Family room ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
 Here's the things you will need to know if you are planning on selling in Hoffman Estates!  How is the market doing? Here's a few stats to give you an idea. What is the percentage of homes that are going under contract each month in Hoffman Estates?  15% of total homes listed in November.  This percentage tells you if the market is flat, on the up or decline based on homes going under contract. It shows you the 'action' that buyers are taking in the market. Buyers are not in a rush with this percentage - market is cool. What is the inventory level in Hoffman Estates? The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market and the lower the level of homes the better the market is for a seller.  It is 4.2 months of inve...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
 The things that you will need to know if you are planning on selling is how is the market doing in Hoffman Estates. Here's a few stats to help give you an idea. What is the percentage of homes that are going under contract each month in Hoffman Estates?  10% of total homes listed in October.  This percentage tells you if the market is flat, on the up or decline based on homes going under contract. It shows you the 'action' that buyers are taking in the market. Buyers are not in a rush with this percentage - market is cool that's for sure. What is the inventory level in Hoffman Estates? The lower the level of homes on the market the better the market is for a seller. Currently we have been in a sellers market and the lower the level of homes the better the market is for a seller.  It is...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Real Estate Market Update in Hoffman Estates - September 2019 What are Prices Doing?  Average sales price ($323,000) a decrease of 5% from September 2018.  Remember that every Hoffman Estates subdivision is responding & recovering differently. That means "if and when" a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move. How about you? Are you thinking of moving? With our overall amount of inventory we are still in a sellers market. Inventory has actually decreased 19% from 2018.Homes actually closing in Hoffman Estates was the same in September as last year.Homes going under contract have increased over 2018 slightly. Market time for homes going under contract is 98 days. This is definitely confusing isn't it?  ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
 What are Prices Doing?  Average sales price ($354,000) a increase of 3% from July 2018.  Sellers are now happy with prices or have decided that now is a good time to move. Some of life's choices say that it's time to do it. How about you? Are you thinking of moving? With our overall amount of inventory we are still in a sellers market. Inventory has actually increased but just slightly. Homes actually closing is actually down. Market time for homes going under contract for July is 49 days. If you think that 49 days is high I would advise you make sure your home shows the best in your particular price range and you will 'win' with an offer. Many sellers don't get the correct information from their agent on how to get their home ready for today's buyers. I can show you how to make the mo...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
What are Hoffman Estates Prices Doing?  Average sales price ($323,000) a decrease of 12% from May 2018.  Remember that every subdivision is responding & recovering differently if and 'when' a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move. How about you? Let's talk if you are thinking of moving. With our overall amount of inventory we are still in a sellers market. Inventory is UP slightly 1% over 2018. Homes actually closing is DOWN from 2018 by 15%. Total homes going under contract have been the highest so far this year. Market time for homes is 56 days. This is definitely confusing isn't it?  Low inventory but yet houses are languishing on the market for over 45 days? Home prices averaged 97% of list in M...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
What are Prices Doing?  Average sales price ($326,000) a decrease of 4% from March 2018.  Sellers are now happy with prices or have decided that now is a good time to move. Some of life's choices say that it's time to do it. How about you? Are you thinking of moving? With our overall amount of inventory we are still in a sellers market. Inventory has actually increased from 2018. Homes actually closing is up from 2018 by 5%. Market time for homes going under contract for April is 79 days. Low inventory but yet houses are languishing on the market for 79 days? I would say that if you make sure your home shows the best in your particular price range you will 'win' with an offer. Many sellers don't get the correct information from their agent on how to get their home ready for today's buy...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
 Here's the things that you need to know if you are planning on selling in Hoffman Estates. Let's go through a few graphs to help give you an idea. What percentage of homes are going under contract each month in Hoffman Estates? This tells you if the market is flat, on the upswing or declining based on homes going under contract. It shows you the 'action' that buyers are taking in the market. More is better.   What is the inventory level in Hoffman Estates? This is told in the months of inventory level. The lower the level of homes on the market the better it is for a seller. Currently we have been in a sellers market for quite some time. Inventory fluctuates per month and is usually the highest in the winter months.   What are prices doing in Hoffman Estates?This is the average of ALL ...
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By Lyn Sims, Schaumburg Real Estate Agent Retired
Real Estate Market Update in Hoffman Estates - March 2019What are Prices Doing?  Average sales price ($339,900) an increase of 2.7% from March 2018.  Remember that every Hoffman Estates subdivision is responding & recovering differently if and 'when' a home in the area goes on the market. Sellers are now pretty happy with prices or have decided that now is a good time to move. How about you? Are you thinking of moving?With our overall amount of inventory we are still in a sellers market. Inventory has actually increased from 2018 slightly in Hoffman Estates. Homes actually closing is down from 2018 by 33%.Homes going under contract decreased over 2018 by 6% just because there isn't a good enough supply or the home and buyer are not a good match. Market time for homes going under contrac...
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