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PALATINE, ILLINOIS REAL ESTATE and HOMES FOR SALE

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   Real Estate for Sale in Palatine, state Illinois
Single Family 363
Condo / Townhouse 670
Vacant Land / Lot 81
Commercial / Industrial 67
Multi-Family 4
Farm / Ranch 0
Waterfront / Vacation 0
Rental / Lease 89
Investment / Income 10
Mobile / Manufactured 0
Model / New Construction 0
Time Share 0
Adult Community 0
Waterfront Lots 0
Co-op 0
Auction 0
Business 0
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Palatine Metra Train Station

 Market Update for Palatine Homes and Real Estate - 11.7.09

   Single Family 
   Active listings: 276
   Under contract: 49
   Closed: 252
   Avg days on market: 249

 Condo/Coach home
 Active listings: 340
 Under contract: 68
 Closed:  213
 Avg days on market: 235

   Townhome
   Active listings: 194
   Under contract: 46
   Closed:  193
   Avg days on market:  203

It has been a busy year for the MisterHomes Group in Palatine.  So it is just now that I am able to post a new Palatine market update.  We plan to have these for you much more regularly in the coming months and years.  2009 showed slight improvements over '08 for Palatine Real Estate to date.  In fact, townhomes in Palatine have done very well, there have already been more closed than in all of 2008.  That is most likely due to the first time buyer tax credit and fantastic prices. Palatine single family homes have done about the same or slitghtly better than 2008 so far.  Condos in Palatine continue to be a challenge (just like everywhere else) due to tougher financing guidelines and because they were overbuilt during the Real Estate boom early this decade.  Prices for all property types continue to be low and market times high, but there are finally more sales this year which is a first step toward a better market.   

This data comes courtesy of MRED MLS and covers 1/1/09 to 10/31/09.

 

Palatine Real Estate Background

Palatine is a community rich with history dating back to the 1830's. The village was incorporated in 1866 after it grew around the old railroad station. Today there is a new commuter stop for Metra, and downtown Palatine is thriving again with new growth and development. When considering their Real Estate options, many residents have chosen to call Palatine home due to its close proximity to just about anywhere in the Chicagoland area via the train or Route 53. There are many jobs nearby, great schools (Palatine District 15 and High School District 211), a wonderful park district, library, and plenty of shopping just minutes away. As a result Palatine homes for sale and Palatine Real Estate have enjoyed much appreciation over the years. When you are considering your next move, be sure to think about making a piece of Palatine IL Real Estate your home. Check out the links here when researching the area to see if you would like to call Palatine home. Scroll up and start your search to see which Palatine homes are available now.


Palatine IL area information
Cook County: www.co.cook.il.us
Cook County Assessor: www.cookcountyassessor.com
School Reports: Illinois State Board of Education eReport Cards
Area Directory Phone#: Schaumburg








                        


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Dominic Caruso

Andrea Hernacki

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