Elgin Real Estate Market Update October 2018

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Elgin Real Estate Market Update October 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 5.54 months supply of inventory on the
market in Elgin on October 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 30 days.It took on average 24 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from September 1,
2018 through September 30, 2018 was 117 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 115/Sq.Ft, which is 0 an
increase from last month.
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In Elgin there were 19 units sold in September in
the price range between 85,000 162,283 with
an average of 2.6 bedrooms and 1.5 bathrooms and
average Square footage of 1,248SF. In Elgin there
were 96 units sold in September in the price
range between 162,284 637,282 with an average
of 3.3 bedrooms and 2 bathrooms and average
Square footage of 1,957SF. In Elgin there were 2
units sold in September in the price range
between 637,283 1,035,000 with an average of
3.5 bedrooms and 4.2 bathrooms and average Square
footage of 3,799SF. The low price range had the
most activity. Homes up to 162,283 were on the
market on average 15 days and sold an average of
140,921.
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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