Wheeling Real Estate 2009 stats
As a Wheeling realtor, everywhere I go, people are asking me how is the real estate market doing? Before I answer this 64 dollar question, I want to pose to them one question, are you a potential buyer or a potential seller?
Well folks, here are the 2009 Wheeling Illinois real estate facts!
In Wheeling 109 single family homes and 167 condos/townhomes sold in 2009. The average price of a single family home in 2009 sold for $218,206 and a condo/townhome sold for $160,336.
How do 2009 Wheeling statistics compare to the 2008 Wheeling real estate statistics?
In 2009, more Wheeling single family homes were sold, but less condos and townhomes. Wheeling prices of properties have definately decreased since 2008 making it a great time to buy. These charts also indicate that when the seller's prices reflect current market conditions, it is a good chance that the properties will sell much faster.
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I think that it is a wonderful time to sell if you are looking for a great opportunity to buy - I have had two clients who recently sold their homes for less than they had paid for them in 2003 but made up the difference and more when they purchased their next home. . If you do not own anything it's a wonderful time to buy too. With the extended tax credits in place and interest rates under 5% for a conventional loan - there are some amazing opportunities in Wheeling Illinois
So How is the Market in Wheeling Illinois? I think it's great for buyers and for those who price their home aggressively.! The market in Wheeling Illinois is filled with opportunities!!
Whether you are in the market to buy a home or to sell your current home in Wheeling it is important to keep abreast of the Wheeling market statistics (or at least to work with a Wheeling REALTOR who does.)
The above article Wheeling Real Estate - 2009 housing statistics was written by Judy Greenberg, Coldwell Banker If you would like more information about the Chicago Northwest Suburbs,including Wheeling Buffalo Grove, Lincolnshire, Long Grove, Vernon Hills, and Lake Zurich please do not hesitate to call me at 847-602-5435 or email me at info@buffalogrovehomes.com. My websites, www.movetolonggrove.com , www.buffalogroveareahomes.com and my blog www.judygreenberg.com will provide you all the information regardless as to whether you are a potential buyer or seller! Are you looking for a Wheeling home in the near future.?... Then click on icon on the right and I'll help to find you the perfect home.
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As always, another great job keeping the folks in your neck of the woods informed about the happenings in their local real estate market.
Well done Judy!
I have learned everything I know about blogging from two of my favorite bloggers Gary Woltal and Craig Rutman
I like that your mls has a column for sp/olp % and the avg list price of expireds that is awesome. I am going to submit this to our mls to see if they can add those to our reports. It will save me a ton of time as I have to do those manually.
interesting stats - amazing how going further west becomes so much more affordable