Elgin Real Estate Market Update May 2018

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Elgin Real Estate Market Update May 2018
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Real Estate In Elgin is a sellers market with
low inventory of homes in Elgin and a lot of
buyer interest. There is a 4.43 months supply of
inventory on the market in Elgin on May 31, 2018.
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Now is the Time to Sell! The average market time
for a Single Family Homes to sell in Elgin last
month was 38 days.It took on average 27 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from April 1, 2018
through April 30, 2018 was 129 units. That is 1
above the number of homes sold last month in
Elgin. The average price per square foot in the
area is now 103/Sq.Ft, which is 2 an increase
from last month.
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In Elgin there were 16 units sold in April in the
price range between 67,000 141,765 with an
average of 2.4 bedrooms and 1.4 bathrooms and
average Square footage of 1,118SF. In Elgin there
were 109 units sold in April in the price range
between 141,766 383,264 with an average of
3.1 bedrooms and 2 bathrooms and average Square
footage of 1,875SF. In Elgin there were 4 units
sold in April in the price range between 383,265
550,000 with an average of 4.8 bedrooms and
2.6 bathrooms and average Square footage of
3,218SF. The low price range had the most
activity. Homes up to 141,765 were on the market
on average 25 days and sold an average of
111,255.
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If you are looking for a new home for you and
your family, or looking for an investment
property, you cant go wrong by getting a prime
piece of real estate in Elgin. Search all Elgin
homes for Sale on propertyup.com If you are
considering viewing Elgin, you may want to do so
now!
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John Herman Property Up Inc. Call 847-847-4711 18
-5 E Dundee Rd, Suite 200 Barrington, IL 60010