Wheeling, IL Real Estate News

By Judy Greenberg, Coldwell Banker - Buffalo Grove - Long Grove Homes
(Coldwell Banker Long Grove)
Welcome home to this exquisite impeccable condo at640 Mchenry Unit 304 (Park Point)  In Wheeling....  The Gourmet kitchen of 640 Mchenry Unit 304  features beautiful 42' maple cabinets, corian counters and a wonderful breakfast bar.  The Master bedroom suite features a large walk  in closet.  The beautiful master bath  boasts a separate shower and oversized bath.  sale - just a steal!    For more information about Wheeling Illinois, I have provided a guided tour in another blog post     If you would like more information regarding 640 Mchenry Unit 304 click on www.640Mchenry.com. Condo living at 640 Mchenry ( Park Point ) located in Wheeling allows you to be centrally located to the city of  Chicago and at the same time close to your extended family whether they live in Buffalo Grove, ...
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By Judy Chapman
(Referral Network of Illinois LLC)
If you think you don’t have to worry about selling your Wheeling home and moving on when the need arises, think again. Every day means your house is losing value. That’s right. Every single day. Face value Overall, economic and market forces continue to plague the real estate marketplace, and will for some time to come. One of those market forces has to do foreclosures and short sales. Short end of the stick Over the past year, 49% of all single-family detached homes sold in Wheeling were ‘distressed’ homes ... either foreclosures or short sales. Digest this for a moment. 1 out of 2 homes sold in Wheeling during the last 12 months was a ‘distressed’ home. A ‘distressed’ home is one in which the homeowners experienced some kind of financial crisis. Either they lost their home to the bank...
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By Judy Chapman
(Referral Network of Illinois LLC)
Is the market value of your Wheeling house upside-down? Are you facing financial difficulties? Does it look like you could lose your home to foreclosure? You’re not alone. Crain’s Chicago Business recently reported that it takes banks nearly 500 days to process an Illinois foreclosure. This may give you nearly a year-and-a-half to sell your house as a Short Sale. But don’t get too complacent. A Short Sale can take 6 months or longer to process through your bank. Meanwhile, your bank could foreclose on your home in less than a year. The long and the short Maybe you haven’t heard about Short Sales. Or maybe you have but also heard that they don’t work. Untrue. Short Sales are different from regular sales and must be handled in a different way. But when handled properly, they can close ove...
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By Judy Chapman
(Referral Network of Illinois LLC)
Kingsport Village in Wheeling IL sparkles like a priceless gem. But you don’t need a king’s ransom to buy one of these castles fit for nobility. The jewel in the crown Developed by Meister-Neiberg builders during the mid-80s, this popular subdivision is tucked away in a convenient location northeast of Hintz and Schoenbeck Roads. And what a great location it is! Kingsport Village is just a hop, skip, and jump from shopping along Dundee Road ... only a 5-minute drive to several shopping centers and strip malls near Rand, Palatine, and Arlington Heights Roads ... and just two stoplights north of Palatine Expressway, which gives residents quick access to Highway 53, the 294 Tollway, and Edens Expressway. Diamonds are forever The expanded and always busy Indian Trails Public Library is with...
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By Judy Chapman
(Referral Network of Illinois LLC)
Take a look at the snapshot below for key indicators of how the Wheeling real estate market is doing. Three statistics are particularly worth looking at more closely. Median sale price decrease Sale-to-list-price ratio Months required to sell current inventory of homes for sale   Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.   Median sales price increase The Median Sale Price represents the halfway point between the highest and lowest sold prices. While it’s tempting to be pessimistic about the downward movement in the Median Sale Price based on 6 sold homes, don’t. When there are fewer houses in a sampling, the Media...
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By Marco Amidei
(RE/MAX Suburban )
Sienna in Wheeling Sienna is a single family home and townhouse community built in the late 1990's by Concord Homes. Sienna features town homes with floor plans ranging from 1,300 to 1,760 square feet of living space. Sienna is located in Wheeling, Illinois on Frontage Road east of Palatine. Activity in Sienna for the past 6 months Homes Sold Lowest Price Highest Price Average Price 5 $140,000 $500,000 $283,980 5 homes sold in Sienna in Wheeling from $140,000-$500,000 with an average price of $283,980 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 1706 Sienna Ct Wheeling 3 2.1 Hanbury $279,900 Active 87 Cantal Ct, 87 Wheeling 2 2.1   $289,000 Active 1825 Avalon Dr Wheeling 4 2.1 Avalon $465,000 Active 1772 Geneva Dr Wheeling 3 3.1   $249,900 Active
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One Milwaukee Place in Wheeling One Milwaukee Place is a condo community built in the early 2000's. One Milwaukee Place features 144 condos with floor plans ranging from 1,175 to 1,853 square feet of living space. One Milwaukee Place is located in Wheeling, Illinois on Milwaukee north of Dundee. Activity in One Milwaukee Place for the past 6 months Homes Sold Lowest Price Highest Price Average Price 0 $0 $0 $0 -Wheeling- Address City Beds Baths Model List Price Status 190 Milwaukee Ave, 405 Wheeling 2 2   $229,000 Active 110 Milwaukee Ave, 607 Wheeling 2 2   $239,000 Active 190 Milwaukee Ave, 704 Wheeling 1 1 Hudson $154,900 Active 100 Milwaukee Ave, 702 Wheeling 2 2 Normandy $229,999 Active 110 Milwaukee Ave, 605 Wheeling 2 2 Kensington $220,000 Active 190 Milwaukee Ave, 502 Wheeling ...
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By Marco Amidei
(RE/MAX Suburban )
Brookvale in Wheeling Brookvale is a townhouse community built in the mid 1990's by Northern Illinois Construction. Brookvale features town homes with floor plans ranging from 1,506 to 1,620 square feet of living space. Brookvale is located in Wheeling, Illinois on Route 83 between Dundee and Lake Cook Road. Activity in Brookvale for the past 6 months Homes Sold Lowest Price Highest Price Average Price 0 $0 $0 $0 -Wheeling- Address City Beds Baths Model List Price Status 755 Brookvale Dr, B Wheeling 3 2.1 Bradley $307,900 Active 765 Brookvale Dr, C Wheeling 3 2.1 Bradley $269,900 Active
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Arlington Club in Wheeling Arlington Club is a townhouse community built in the mid 1980's by Lexington Homes. Arlington Club is built on 131 acres with mature trees which was the Arlington Golf Club. Arlington Club is located in Wheeling, Illinois on Buffalo Grove Road, north of Dundee. Activity in Arlington Club for the past 6 months Homes Sold Lowest Price Highest Price Average Price 7 $165,000 $290,000 $239,786 7 homes sold in Arlington Club in Wheeling from $165,000-$290,000 with an average price of $239,786 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 1400 Aldgate Ct, A-2 Wheeling 2 2   $218,800 Active 1425 Braeborn Ct Wheeling 2 3.1   $279,000 Active 1419 Braerborn Ct Wheeling 2 2.2 Manchester $232,500 Active 1608 Pennsbury Ct, A-2 Wheeling...
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Lexington Commons in Wheeling Lexington Commons is a condo community located in Wheeling, Illinois. Lexington Commons is on Route 83 north of Dundee. Activity in Lexington Commons for the past 6 months Homes Sold Lowest Price Highest Price Average Price 4 $115,000 $175,000 $137,225 4 homes sold in Lexington Commons in Wheeling from $115,000-$175,000 with an average price of $137,225 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 1101 Woodbury Ln, A2 Wheeling 3 2 A-2 $176,000 Active 1108 Woodbury Ln, A2 Wheeling 3 2 A-2 $167,500 Active 1166 Middlebury Ln, C1 Wheeling 2 1   $142,900 Active 1168 Silverwood Ct, A2 Wheeling 3 2   $199,000 Active 1055 Scanlon Dr, C-1 Wheeling 2 1 Ranch $159,900 Active 1540 buxton Ct, 1C Wheeling 2 1 $164,900 Active 585 Wi...
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Cameo Terrace in Wheeling Cameo Terrace is a condo community located in Wheeling, Illinois. Cameo is on Wolf Road north of Dundee. Activity in Cameo Terrace for the past 6 months Homes Sold Lowest Price Highest Price Average Price 2 $64,000 $75,000 $69,500 2 homes sold in Cameo Terrace in Wheeling from $64,000-$75,000 with an average price of $69,500 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 127 Wolf Ave, 37B Wheeling 2 1   $69,000 Active 100 Deborah Ln, 18A Wheeling 1 1   $64,000 Active 200 Deborah Ln, 11B Wheeling 2 1   $92,500 Active 200 Deborah Ln, 12C Wheeling 2 1   $84,900 Active 100 Deborah Ln, B1 Wheeling 2 1   $66,000 Active 127 Wolf Rd, 55A Wheeling 1 1   $79,900 Active 200 Deborah Ln, 8A Wheeling 2 1 2 Bedroom $83,000 Active 200 Debo...
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By Marco Amidei
(RE/MAX Suburban )
Avalon in Wheeling Avalon is a single family home neighborhood built in the late 1990's. Avalon is located just off of Palatine Road and Old Willow in Wheeling, Illinois. Activity in Avalon for the past 6 months Homes Sold Lowest Price Highest Price Average Price 3 $405,000 $500,000 $440,667 3 homes sold in Avalon in Wheeling from $405,000-$500,000 with an average price of $440,667 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 170 Willow Rd Wheeling 4 3.1 Avalon $494,000 Active 1985 Rochelle Ct Wheeling 3 2.1 Taylor $429,800 Active 1860 Avalon Dr Wheeling 3 2.2 Redford $465,000 Active 1825 Avalon Dr Wheeling 4 2.1 Avalon $465,000 Active 1772 Geneva Dr Wheeling 3 3.1   $249,900 Active
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By Marco Amidei
(RE/MAX Suburban )
Astor Place in Wheeling Astor Place is a condo community built by Kimball Hill Homes. Astor Place is located in Wheeling, Illinois on Milwaukee north of Hintz. Activity in Astor Place for the past 6 months Homes Sold Lowest Price Highest Price Average Price 3 $173,000 $269,000 $206,667 3 homes sold in Astor Place in Wheeling from $173,000-$269,000 with an average price of $206,667 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 749 Prestwick Ln, 749 Wheeling 2 2 Fullerton $299,000 Active 715 Astor Ln, 304 Wheeling 2 2   $249,900 Active 658 Astor Ln Wheeling 3 2.1 Sheridan $350,000 Active 660 Prestwick Ln, 506 Wheeling 2 2 Fairbanks $190,000 Active 659 Prestwick Ln, 659 Wheeling 3 2 Fullerton $269,000 Active 720 prestwick Ln, 308 Wheeling 2 2   $219,9...
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Arlington Club in Wheeling Arlington Club is a townhouse community built in the mid 1880's. Arlington Club is located in Wheeling, Illinois on Buffalo Grove Road, north of Dundee. Activity in Arlington Club for the past 6 months Homes Sold Lowest Price Highest Price Average Price 5 $187,000 $290,000 $233,600 5 homes sold in Arlington Club in Wheeling from $187,000-$290,000 with an average price of $233,600 within the last 6 months. -Wheeling- Address City Beds Baths Model List Price Status 1514 Seville Ct, B-1 Wheeling 2 1 Birch $174,900 Active 1400 Aldgate Ct, A-2 Wheeling 2 2   $218,800 Active 1425 Braeborn Ct Wheeling 2 3.1   $279,000 Active 1419 Braerborn Ct Wheeling 2 2.2 Manchester $240,000 Active 1608 Pennsbury Ct, A-2 Wheeling 2 2 Ashwood $174,900 Active 1606 Newburn Ct, A1 Whee...
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By Marco Amidei
(RE/MAX Suburban )
Arlington Club - Arlington Club is a townhouse community built in the mid 1880's. Arlington Club is located in Wheeling on Buffalo Grove Road, north of Dundee. Astor Place - Astor Place is a condo community built by Kimball Hill Homes. Astor Place is located in Wheeling on Milwaukee north of Hintz. Avalon - Avalon is a single family home neighborhood built in the late 1990's. Avalon is located just off of Palatine Road and Old Willow Babiarz - Babiarz is a subdivision of single family homes built in the 1960's. Babiarz is located in Wheeling south of Dundee Road and west of Schoenbeck Road. Brookvale - Brookvale is a townhouse community built in the mid 1990's. Brookvale is located in Wheeling on Route 83 between Dundee and Lake Cook Road. Cameo Terrace - Cameo Terrace is a condo commu...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
Eric P. Egeland | RE/MAX SUBURBAN | 847.337.7090 218 Sarah Ct, Wheeling, IL Short Sale 3BR/1+1BA Single Family House offered at $175,000 Year Built 1956 Sq Footage Unspecified Bedrooms 3 Bathrooms 1 full, 1 partial Floors 1 Parking 2 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION Fantastic 3 bedroom, 1.5 bath home on cul-de-sac Inviting living room and dining room opens to fully applianced kitchen with hardwood floors. Spacious family room w/beautiful stone fireplace overlooks the amazing yard, above ground pool and 2-tiered deck. Recently painted interior. Private and serene. Close to shopping, schools, parks, library, commuter system and major highways. Ample 2+ garage with lots of storage space. Eric P. Egeland, SFR, CDPE, e-PRO Broker Associate RE/MAX SUBURBAN 8...
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By Heidi Engel, BROKER/Realtor, ADPR, SRES, FSSR
(RE/MAX Suburban)
Wheeling ILAttached Housing Real Estate Statistics as of Feb 20 2010 What's Been Happening in the Wheeling Real Estate Market--See Below *LMT=Listing Market Time (How long the property has been on the market at its current price) **MT=Market Time (Total Market time) Active Attached Housing: Statistics Total Properties: 245   List Price Approx SF Beds Baths *LMT **MT Minimum $42,570 0 1 1 3 3 Maximum $569,900 2700 4 3.1 915 984 Average $182,565 1110 2 2 177 238   Under Contract Attached Housing: Statistics Total Properties: 43   List Price Approx SF Beds Baths LMT MT Minimum $54,900 0 1 1 5 5 Maximum $278,000 1850 3 3 328 826 Average $131,244 695 2 2 145 228   Last 3 months of Sold and Closed Attached Housing: Statistics Total Properties: 39   List Price Sold Pr Approx SF Beds Baths LMT ...
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By Heidi Engel, BROKER/Realtor, ADPR, SRES, FSSR
(RE/MAX Suburban)
Wheeling ILDetached Single Family Homes Real Estate Statistics as of Feb 20 2010 What's Been Happening in the Wheeling Real Estate Market--See Below *LMT=Listing Market Time (How long the property has been on the market this time after changes ie:price etc.) **MT=Market Time (Total Market time) Active Detached Single Family Homes: Statistics Total Properties: 110   List Price Approx SF Beds Baths *LMT **MT Minimum $119,900 920 2 1 2 4 Maximum $1,000,000 2380 5 3.1 608 764 Average $245,680 1343 3 2 142 204   Under Contract Detached Single Family Homes: Statistics Total Properties: 37   List Price Approx SF Beds Baths LMT MT Minimum $86,200 1033 2 1 7 7 Maximum $459,900 2430 6 3.1 453 704 Average $194,541 1715 3 2 127 161   Last 3 months of Sold and Closed Detached Single Family Homes: St...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
RE/MAX SuburbanEric Egeland Cell: 847.337.7090Other: 773.294.4491Website: HomesInWheeling.comE-mail: eric.egeland@remax.net Immaculate 3 level townhouse in sought after Astor Place. Perfect executive rental in close proximity to expressway, airports, & restaurant row. This property was originally a model unit with numerous upgrades. Great layout, huge 2 car attached garage, slider doors to over-sized balcony, fireplace, 42" cabinets, Corian Counters, Washer/Dryer in unit. Pride of ownership seen throughout this home. 743 PRESTWICK LaneWHEELING, IL 60090 Price: $2,100 MLS#:   07440203 Address 743 PRESTWICK Lane WHEELING, IL 60090 Type Rental Bedrooms:   2 Full Bathrooms:   2 Half Bathrooms:   1 Status:   New Listing information courtesy of: RE/MAX SUBURBANThe data relating to real estat...
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By Judy Greenberg, Coldwell Banker - Buffalo Grove - Long Grove Homes
(Coldwell Banker Long Grove)
Wheeling Real Estate 2009 stats   As a Wheeling realtor, everywhere I go, people are asking me how is the real estate market doing?  Before I answer this 64 dollar question, I want to pose to them one question,   are you a  potential buyer or a potential seller?  Well folks, here are  the 2009 Wheeling Illinois real estate facts!   In Wheeling 109 single family homes  and 167 condos/townhomes sold in 2009.  The average price of a single family home in 2009 sold for $218,206 and a condo/townhome sold for $160,336.   How do 2009 Wheeling statistics compare to the 2008 Wheeling real estate statistics?     In 2009, more  Wheeling single family homes were sold, but less condos and townhomes.  Wheeling prices of properties have definately decreased since 2008 making it a great time to buy. Th...
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Wheeling, IL Real Estate Professionals