Lake Zurich IL Real Estate Market Statistics – February 08 vs February 09

Subdivision in Lake Zurich Illinois

Chasewood  Subdivision, Lake Zurich Illinois

The market statistics for home sales  in  Lake Zurich IL  for the month of  February 2009.  

The current inventory of homes for sale in  Lake Zurich  Illinois Zip Code 60047 is  up  vs  last month and sales  this month over last  month  up for single family homes and  down for attached single family homes.   Our average LP of sold homes is  down a little  for single family homes and  down for attached single family homes.   Average Sale Price of homes sold is  down for single family homes and down  for attached single family homes, but our LP/SP ratio is about  even for single family homes and  down for attached single family homes in Lake Zurich.   The average market time for homes sold in  Lake Zurich IL 60047  zip code has gone  down  for single family homes in  Lake Zurich  and  down for attached single family homes in Lake Zurich in the last month over  Janaury 09  market times.

The homes that are selling in  Lake Zurich  area are  lower in price this year over last for single family detached homes  plus attached homes are down,  the  opposite of  last months figures.  

If you would like clarification of these figures or if you want to take advantage of this  once in our lifetime  market great for first time home buyers, investors or anyone moving up, look at our website http://www.homesbyjulieanne.com/ and search for homes available  in the Barrington, Deer Park, Lake Zurich, Palatine   and surrounding areas.   Or contact us and we will help you find the best home for the money or sell your home  in the Barrington, Deer Park, Lake Zurich and surrounding areas  at the highest price possible in this market.

02/01/2008 – 02/28/2008 02/1/2009-02/28/2009
Sold# Sold#
Detached homes

       12

Detached homes

6

Attached homes

2

Attached homes

2

Avg LP Sold Avg LP Sold
Detached homes

362950

Detached homes

332458

Attached homes

279895

Attached homes

231570

Avg SP Avg SP
Detached homes

349200

Detached homes

320833

Attached homes

269732

Attached homes

238535

SP/LP Ratio SP/LP Ratio
Detached homes

96%

Detached homes

97%

Attached homes

96%

Attached homes

103%

Avg MT Sold Avg MT Sold
Detached homes

168

Detached homes

104

Attached homes

116

Attached homes

34

Absorption Rate
Lake Zurich  Current Inventory of Homes On Market:
Detached homes

165

     +10%
Attached homes

47

     +9%
Homes Selling Per Month:
Detached homes

13

     +9%
Attached homes

1

     -900%
Lake Zurich  Currently Has:
Detached homes

13    

Months of Inventory Active now
Attached homes

47    

Months of inventory Active now
*Information compiled from the MLS, not guaranteed

 

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Posted By:   Julie Anne – The Julie Anne Real Estate Team at Keller Williams Success Realty

Northern Illinois Real Estate AgentBarrington – Deer Park Real Estate Expert and surrounding areas

847-620-5815    julie@homesbyjulieanne.com

What is my homes value?                          Homes for sale in Northern Illinois, Barrington Homes for Sale  – Deer Park Homes for Sale