Elgin Real Estate Market Update July 2018

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Elgin Real Estate Market Update July 2018
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Real Estate In Elgin is a balanced market that
favoring sellers. We still see plenty of
inventory, so plenty of bargains for the buyers.
There is a 5.27 months supply of inventory on the
market in Elgin on July 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 34 days.It took on average 36 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from June 1, 2018
through June 30, 2018 was 143 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 109/Sq.Ft, which is 100 a decline
from last month.
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In Elgin there were 25 units sold in June in the
price range between 79,000 155,876 with an
average of 2.5 bedrooms and 1.5 bathrooms and
average Square footage of 1,236SF. In Elgin there
were 107 units sold in June in the price range
between 155,877 378,875 with an average of
3.1 bedrooms and 2.1 bathrooms and average Square
footage of 1,950SF. In Elgin there were 11 units
sold in June in the price range between 378,876
525,000 with an average of 4.5 bedrooms and
2.9 bathrooms and average Square footage of
3,172SF. The low price range had the most
activity. Homes up to 155,876 were on the market
on average 34 days and sold an average of
130,929.
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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