Palatine Real Estate Market Update August 2018

1
Palatine Real Estate Market Update August 2018
2
Real Estate In Palatine is a balanced market
favoring buyers. There is significant amount
of homes for sale in Palatine, and buyers are not
in a rush to buy yet. There is a 6.97 months
supply of inventory on the market in Palatine on
August 31, 2018.
3
Now is the Time to Buy! The average market time
for a Single Family Homes to sell in
Palatine last month was 33 days.It took on
average 32 days to sell Palatine Condo, Townhouse
or a Duplex.The number of home sales in Palatine
from July 1, 2018 through July 31, 2018 was 117
units. That is 1 above the number of homes sold
last month in Palatine. The average price per
square foot in the area is now 135/Sq.Ft, which
is 5 an increase from last month.
4
In Palatine there were 30 units sold in July in
the price range between 81,000 184,798 with
an average of 2.2 bedrooms and 1.5 bathrooms and
average Square footage of 1,128SF. In Palatine
there were 75 units sold in July in the price
range between 184,799 516,797 with an average
of 3.1 bedrooms and 2 bathrooms and average
Square footage of 1,811SF. In Palatine there were
12 units sold in July in the price range between
516,798 745,000 with an average of 3.9
bedrooms and 3.2 bathrooms and average Square
footage of 3,506SF. The low price range had the
most activity. Homes up to 184,798 were on the
market on average 29 days and sold an average of
134,213.
5
(No Transcript)
6
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 Palatine. Search
all Palatine homes for Sale on propertyup.com If
you are considering viewing Palatine, you may
want to do so now!
7
(No Transcript)
8

• John Herman
• Property Up Inc.
• Call 847-847-4711
• 18-5 E Dundee Rd, Suite 200
• Barrington, IL 60010