Elgin Real Estate Market Update April 2018

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Elgin Real Estate Market Update April 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 4.12 months supply of
inventory on the market in Elgin on April 30,
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 49 days.It took on average 36 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from March 1, 2018
through March 31, 2018 was 126 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 101/Sq.Ft, which is 10 an increase
from last month.
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In Elgin there were 25 units sold in March in the
price range between 75,000 143,304 with an
average of 2.3 bedrooms and 1.5 bathrooms and
average Square footage of 1,168SF. In Elgin there
were 87 units sold in March in the price range
between 143,305 328,303 with an average of 3
bedrooms and 1.9 bathrooms and average Square
footage of 1,770SF. In Elgin there were 14 units
sold in March in the price range between 328,304
445,000 with an average of 3.9 bedrooms and
2.3 bathrooms and average Square footage of
2,948SF. The low price range had the most
activity. Homes up to 143,304 were on the market
on average 27 days and sold an average of
123,456.
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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