Palatine Illinois Real Estate Market Statistics – February 08 vs February 09

 Townhomes in Palatine Illinois

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

The current inventory of homes for sale in  Palatine  Illinois Zip Code 60067 is  down  vs  last month and sales  this month over last  month  up for single family homes and  down for attached single family homes.   For 08 vs 09 our average LP of sold homes is  down for single family homes and  the same  for attached single family homes.   Average Sale Price of homes sold is  down for single family homes and  down for attached single family homes, and our LP/SP ratio is  up for single family homes and down for attached homes.   The average market time for homes sold in  Palatine IL 60067  zip code has gone  up for single family homes in  Palatine  and  up for attached single family homes in  Palatine in the last month over  January 09  market times.

The homes that are selling in  Palatine    area are  lower in price this year over last for single family detached homes  and attached homes.  

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.   We also list many foreclosure, REO and Short Sale listings.   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, Palatine  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

        13

Detached homes

10

Attached homes

22

Attached homes

20

Avg LP Sold Avg LP Sold
Detached homes

527408

Detached homes

274530

Attached homes

228491

Attached homes

161015

Avg SP Avg SP
Detached homes

498723

Detached homes

254150

Attached homes

221445

Attached homes

148620

SP/LP Ratio SP/LP Ratio
Detached homes

95%

Detached homes

93%

Attached homes

97%

Attached homes

92%

Avg MT Sold Avg MT Sold
Detached homes

173

Detached homes

190

Attached homes

95

Attached homes

153

Absorption Rate
Palatine  Current Inventory of Homes On Market:
Detached homes

319

      +9%
Attached homes

114

      -300%
Homes Selling Per Month:
Detached homes

25

     +56%
Attached homes

4

     110%
Palatine  Currently Has:
Detached homes

13    

Months of Inventory Active now
Attached homes

28    

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