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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Libertyville. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 847-525-7487 begin_of_the_skype_highlighting 847-525-7487 end_of_the_skype_highlighting
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| Average Home Price | $425,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 15-20% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $400,000 - $449,000 |
| Worst Selling Price Range | $950,000 - $999,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Libertyville is | Increasing |
| Seller Activity for the past 90 days in Libertyville is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | This is a fantastic time to purchase. Interest rates continue to stay low. Many different programs available to meet the needs of all qualified buyers. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | There are so many terrific deals in Libertyville. The market time for homes are decreasing as the buyer activity is increasing. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Chicago |
| Housing Hot Spots | Most cities within the Lake County area are considered ’Housing Hotspots’ |
| Average Sold Price | $425,000 - View Graph Trend |
Libertyville Local News
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...
Contact Information
Dana Cohen and Sadie Winter
847-525-7487
Request More Information Let me answer your questions!
Ask Me!
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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
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Request More Information Let me answer your questions! Ask Me!
Dana Cohen and Sadie Winter
RE/MAX Experts
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 847-525-7487
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