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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Des Plaines. or the surrounding suburbs I can help you achieve your dream of ownership or help with your investment needs. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-241-2217
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| Average Home Price | $200,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $250,000 - $299,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Des Plaines is | No Change |
| Seller Activity for the past 90 days in Des Plaines is? | Increasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | The property’s that are receiving multiple offers are the REO( Bank owned real estate foreclosure) Short Sales. The Normal seller( Not a foreclosure or Short sale) will compete with these type properties. Some seller can price their homes ahead of the market and have and will continue to get multiple offers as well as their asking price |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | FHA is the most common form of financing used by today’s buyers. FHA allows the buyer to put as little as 3.5% down, and also allows the seller to assist the buyer with closing costs, (Up to 6% of the loan ammount) enabling the buyer to bring less cash to the closing or buy down the interest rate. For more information on how you can buy FHA or have your home ready for the FHA buyer feel free to contact me at 888-221-SOLD( 7653) |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Des Plaines and the surrounding suburbs are experience a increase in market time and increase in the number of sales However a decrease in the sale price |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | The proximity to Transportation the O’Hare airport and the city of Chicago the school system low taxes and the park district, are a few reasons why people buy in Des Plaines. Lower prices with good selection and competitive interest rates creates a perfect time to buy in Des Plaines! |
| Nearest Metro Area | Chicago |
| Housing Hot Spots | Arlington Heights , Mount prospect are the neighboring communities to Des Plaines. All of these communities offer excellent school’s parks, recreation,and low taxes. With the current interest rates and the lower home prices there has never been a better time that I have seen in my 27 year career to buy , invest in a a home in these communities. My children and my family have deep roots in these communities |
| Average Sold Price | $200,000 - View Graph Trend |
Des Plaines Local News
News for Des Plaines, IL - March 10th, 2011 11:54am
I service the Northwest suburbs of Chicago. I have never seen in my 27 year career a better time to buy, or invest in Real Estate. We are at record low interest rates combined with lower home prices make this market the perfect place to build wealth or equity.
Owning Real Estate is still by far the best investment a person can make. Home ownership still allows a very good tax incentive.
This is the the time to buy you will never see another opportunity like this in my opinion for years maybe decades to come. Do not let it pass you buy.
For further information on buying , selling, or investing in Real Estate feel free to contact me at www.MyNorthwastsuburbs.com or toll free 1-888-221-SOLD(7653)
Contact Information
John A. Campobasso
847-241-2217
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
John A. Campobasso
Keller Williams Realty
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 847-241-2217
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