Vernon Hills Real Estate Market Update September 2018

Real Estate In Vernon Hills is a balanced market favoring buyers. There is significant amount of homes for sale in Vernon Hills, and buyers are not in a rush to buy yet. There is a 7.16 months supply of inventory on the market in Vernon Hills on September 30, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Vernon Hills last month was 45 days.
It took on average 33 days to sell Vernon Hills Condo, Townhouse or a Duplex.
The number of home sales in Vernon Hills from August 1, 2018 through August 31, 2018 was 36 units. That is 1% above the number of homes sold last month in Vernon Hills.

The average price per square foot in the area is now $114/Sq.Ft, which is 0% an increase from last month.

In Vernon Hills there were 19 units sold in August in the price range between $115,000 – $198,919 with an average of 2.2 bedrooms and 1.3 bathrooms and average Square footage of 1,044SF.

In Vernon Hills there were 11 units sold in August in the price range between $198,920 – $482,668 with an average of 3.2 bedrooms and 2.2 bathrooms and average Square footage of 2,063SF.

In Vernon Hills there were 6 units sold in August in the price range between $482,669 – $682,500 with an average of 4.5 bedrooms and 3.1 bathrooms and average Square footage of 3,485SF.

The low price range had the most activity. Homes up to $198,919 were on the market on average 29 days and sold an average of $151,244.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Vernon Hills. Search all Vernon Hills homes for Sale on propertyup.com If you are considering viewing Vernon Hills, you may want to do so now!

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Schaumburg Real Estate Market Update September 2018

Real Estate In Schaumburg is a sellers’ market with low inventory of homes in Schaumburg and a lot of buyer interest. There is a 4.42 months supply of inventory on the market in Schaumburg on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Schaumburg last month was 22 days.
It took on average 22 days to sell Schaumburg Condo, Townhouse or a Duplex.
The number of home sales in Schaumburg from August 1, 2018 through August 31, 2018 was 127 units. That is 1% above the number of homes sold last month in Schaumburg.

The average price per square foot in the area is now $137/Sq.Ft, which is 0% an increase from last month.

In Schaumburg there were 26 units sold in August in the price range between $78,000 – $159,961 with an average of 1.8 bedrooms and 1.2 bathrooms and average Square footage of 1,051SF.

In Schaumburg there were 100 units sold in August in the price range between $159,962 – $480,960 with an average of 2.9 bedrooms and 2 bathrooms and average Square footage of 1,668SF.

In Schaumburg there were 1 units sold in August in the price range between $480,961 – $720,000 with an average of 5 bedrooms and 4.1 bathrooms and average Square footage of 4,300SF.

The low price range had the most activity. Homes up to $159,961 were on the market on average 29 days and sold an average of $134,015.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Schaumburg. Search all Schaumburg homes for Sale on propertyup.com If you are considering viewing Schaumburg, you may want to do so now!

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How the New Tax Act Affects Home Owners and Real Estate Investors

The new tax laws will affect many people personally, in business and in regard to some deductions concerning real estate. Formerly all taxes, whether paid on real estate, personal propertyincome or sale tax were deductible. Effective January 2010 there is a cap of $10000 of tax deductions on real estate, personal property, and either income or sales tax.

There is also a change to home mortgage interest deductions.  As of January 2018, the new act allows interest on $750,000 of acquisition debt on primary and secondary homes. One exception is that the new act continues to allow interest on up to $1 million of acquisition debt for loans prior to December 15, 2017. The new act entirely repeals the deduction for home equity debt.

In the past there has been a deduction for moving expenses for a job related move under certain conditions. Unfortunately, that deduction is suspended, except for a military change of station. Additionally if someone is reimbursed by their employer for moving expenses, that would be included as taxable wages.

For real estate investors who have used a 1031 Exchange, there is also a change. For exchanges completed after December 31, 2017, only real property will qualify for Section 1031 treatment.

There are also some nuances under the Section 179 expenses part of the tax return, which holds some real property deduction (generally lease hold improvement). Under this section a taxpayer may elect to expense certain items including qualified real property. In this section for property placed in service after 2017 the annual expensing and spending cap are increased. There are also some expanded definitions of what is deductible and what is defined as "real property." This section is somewhat complicated and it is advised that individuals who previously had Section 179 expensing speak with their tax advisor on the changes to this under the new act.

If you have questions, let us know at PropertyUp and we can discuss it.

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Roselle Real Estate Market Update September 2018

Real Estate In Roselle is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.33 months supply of inventory on the market in Roselle on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Roselle last month was 26 days.
It took on average 22 days to sell Roselle Condo, Townhouse or a Duplex.
The number of home sales in Roselle from August 1, 2018 through August 31, 2018 was 35 units. That is 1% above the number of homes sold last month in Roselle.

The average price per square foot in the area is now $119/Sq.Ft, which is 0% an increase from last month.

In Roselle there were 2 units sold in August in the price range between $70,000 – $148,777 with an average of 1 bedrooms and 1 bathrooms and average Square footage of 684SF.

In Roselle there were 30 units sold in August in the price range between $148,778 – $331,263 with an average of 2.9 bedrooms and 1.6 bathrooms and average Square footage of 1,533SF.

In Roselle there were 3 units sold in August in the price range between $331,264 – $434,975 with an average of 4 bedrooms and 2.4 bathrooms and average Square footage of 2,003SF.

The middle price range had the most activity. Homes up to $331,263 were on the market on average 24 days and sold an average of $221,246.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Roselle. Search all Roselle homes for Sale on propertyup.com If you are considering viewing Roselle, you may want to do so now!

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Mount Prospect Real Estate Market Update September 2018

Real Estate In Mount Prospect is a balanced market favoring buyers. There is significant amount of homes for sale in Mount Prospect, and buyers are not in a rush to buy yet. There is a 6.6 months supply of inventory on the market in Mount Prospect on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mount Prospect last month was 35 days.
It took on average 32 days to sell Mount Prospect Condo, Townhouse or a Duplex.
The number of home sales in Mount Prospect from August 1, 2018 through August 31, 2018 was 66 units. That is 1% above the number of homes sold last month in Mount Prospect.

The average price per square foot in the area is now $162/Sq.Ft, which is 0% an increase from last month.

In Mount Prospect there were 12 units sold in August in the price range between $93,000 – $193,889 with an average of 2 bedrooms and 1.4 bathrooms and average Square footage of 1,166SF.

In Mount Prospect there were 50 units sold in August in the price range between $193,890 – $432,388 with an average of 3.3 bedrooms and 1.9 bathrooms and average Square footage of 1,898SF.

In Mount Prospect there were 4 units sold in August in the price range between $432,389 – $570,000 with an average of 4 bedrooms and 2.3 bathrooms and average Square footage of 2,479SF.

The low price range had the most activity. Homes up to $193,889 were on the market on average 22 days and sold an average of $142,083.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mount Prospect. Search all Mount Prospect homes for Sale on propertyup.com If you are considering viewing Mount Prospect, you may want to do so now!

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Palatine Real Estate Market Update September 2018

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 6.77 months supply of inventory on the market in Palatine on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Palatine last month was 51 days.
It took on average 26 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from August 1, 2018 through August 31, 2018 was 107 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 $137/Sq.Ft, which is 0% an increase from last month.

In Palatine there were 36 units sold in August in the price range between $77,000 – $181,158 with an average of 1.8 bedrooms and 1.3 bathrooms and average Square footage of 971SF.

In Palatine there were 56 units sold in August in the price range between $181,159 – $511,407 with an average of 2.9 bedrooms and 2.1 bathrooms and average Square footage of 1,880SF.

In Palatine there were 15 units sold in August in the price range between $511,408 – $737,500 with an average of 4 bedrooms and 3.1 bathrooms and average Square footage of 3,435SF.

The low price range had the most activity. Homes up to $181,158 were on the market on average 30 days and sold an average of $118,472.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t 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!

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Mchenry Real Estate Market Update September 2018

Real Estate In Mchenry is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.75 months supply of inventory on the market in Mchenry on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mchenry last month was 48 days.
It took on average 29 days to sell Mchenry Condo, Townhouse or a Duplex.
The number of home sales in Mchenry from August 1, 2018 through August 31, 2018 was 87 units. That is 1% above the number of homes sold last month in Mchenry.

The average price per square foot in the area is now $92/Sq.Ft, which is 0% an increase from last month.

In Mchenry there were 11 units sold in August in the price range between $38,000 – $120,284 with an average of 2.3 bedrooms and 1.5 bathrooms and average Square footage of 1,029SF.

In Mchenry there were 74 units sold in August in the price range between $120,285 – $400,733 with an average of 3.2 bedrooms and 2.1 bathrooms and average Square footage of 1,937SF.

In Mchenry there were 2 units sold in August in the price range between $400,734 – $598,900 with an average of 4 bedrooms and 2.6 bathrooms and average Square footage of 4,654SF.

The low price range had the most activity. Homes up to $120,284 were on the market on average 40 days and sold an average of $99,203.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mchenry. Search all Mchenry homes for Sale on propertyup.com If you are considering viewing Mchenry, you may want to do so now!

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Lake Zurich Real Estate Market Update September 2018

Real Estate In Lake Zurich is a balanced market favoring buyers. There is significant amount of homes for sale in Lake Zurich, and buyers are not in a rush to buy yet. There is a 7.08 months supply of inventory on the market in Lake Zurichon September 30, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Lake Zurich last month was 37 days.
It took on average 19 days to sell Lake Zurich Condo, Townhouse or a Duplex.
The number of home sales in Lake Zurich from August 1, 2018 through August 31, 2018 was 29 units. That is 1% above the number of homes sold last month in Lake Zurich.

The average price per square foot in the area is now $142/Sq.Ft, which is 0% an increase from last month.

In Lake Zurich there were 6 units sold in August in the price range between $115,000 – $219,723 with an average of 2.8 bedrooms and 1.2 bathrooms and average Square footage of 1,020SF.

In Lake Zurich there were 18 units sold in August in the price range between $219,724 – $462,172 with an average of 3.6 bedrooms and 2.2 bathrooms and average Square footage of 2,001SF.

In Lake Zurich there were 5 units sold in August in the price range between $462,173 – $599,900 with an average of 4.4 bedrooms and 2.9 bathrooms and average Square footage of 2,753SF.

The low price range had the most activity. Homes up to $219,723 were on the market on average 28 days and sold an average of $168,291.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Lake Zurich. Search all Lake Zurich homes for Sale on propertyup.com If you are considering viewing Lake Zurich, you may want to do so now!

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Hoffman Estates Real Estate Market Update September 2018

Real Estate In Hoffman Estates is a balanced market favoring buyers. There is significant amount of homes for sale in Hoffman Estates, and buyers are not in a rush to buy yet. There is a 6.33 months supply of inventory on the market in Hoffman Estates on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hoffman Estates last month was 30 days.
It took on average 22 days to sell Hoffman Estates Condo, Townhouse or a Duplex.
The number of home sales in Hoffman Estates from August 1, 2018 through August 31, 2018 was 83 units. That is 1% above the number of homes sold last month in Hoffman Estates.

The average price per square foot in the area is now $137/Sq.Ft, which is 105% an increase from last month.

In Hoffman Estates there were 19 units sold in August in the price range between $91,000 – $191,880 with an average of 2.4 bedrooms and 1.1 bathrooms and average Square footage of 1,154SF.

In Hoffman Estates there were 61 units sold in August in the price range between $191,881 – $513,079 with an average of 3.5 bedrooms and 2.2 bathrooms and average Square footage of 2,118SF.

In Hoffman Estates there were 3 units sold in August in the price range between $513,080 – $733,400 with an average of 4.3 bedrooms and 2.8 bathrooms and average Square footage of 3,540SF.

The low price range had the most activity. Homes up to $191,880 were on the market on average 32 days and sold an average of $146,421.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Hoffman Estates. Search all Hoffman Estates homes for Sale on propertyup.comIf you are considering viewing Hoffman Estates, you may want to do so now!

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Hanover Park Real Estate Market Update September 2018

Real Estate In Hanover Park is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.21 months supply of inventory on the market in Hanover Park on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Hanover Park last month was 32 days.
It took on average 18 days to sell Hanover Park Condo, Townhouse or a Duplex.
The number of home sales in Hanover Park from August 1, 2018 through August 31, 2018 was 43 units. That is 1% above the number of homes sold last month in Hanover Park.

The average price per square foot in the area is now $127/Sq.Ft, which is 0% an increase from last month.

In Hanover Park there were 11 units sold in August in the price range between $108,000 – $154,154 with an average of 2.5 bedrooms and 1.3 bathrooms and average Square footage of 1,069SF.

In Hanover Park there were 31 units sold in August in the price range between $154,155 – $306,153 with an average of 3.4 bedrooms and 1.8 bathrooms and average Square footage of 1,444SF.

In Hanover Park there were 1 units sold in August in the price range between $306,154 – $412,000 with an average of 4 bedrooms and 2.1 bathrooms and average Square footage of 3,000SF.

The low price range had the most activity. Homes up to $154,154 were on the market on average 36 days and sold an average of $130,545.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Hanover Park. Search all Hanover Park homes for Sale on propertyup.com If you are considering viewing Hanover Park, you may want to do so now!

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Glendale Heights Real Estate Market Update September 2018

Real Estate In Glendale Heights is a sellers’ market with low inventory of homes in Glendale Heights and a lot of buyer interest. There is a 3.72 months supply of inventory on the market in Glendale Heights on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Glendale Heights last month was 25 days.
It took on average 16 days to sell Glendale Heights Condo, Townhouse or a Duplex.
The number of home sales in Glendale Heights from August 1, 2018 through August 31, 2018 was 42 units. That is 1% above the number of homes sold last month in Glendale Heights.

The average price per square foot in the area is now $126/Sq.Ft, which is 0% an increase from last month.

In Glendale Heights there were 14 units sold in August in the price range between $73,000 – $128,979 with an average of 1.9 bedrooms and 1 bathrooms and average Square footage of 877SF.

In Glendale Heights there were 23 units sold in August in the price range between $128,980 – $267,478 with an average of 2.9 bedrooms and 1.8 bathrooms and average Square footage of 1,502SF.

In Glendale Heights there were 5 units sold in August in the price range between $267,479 – $350,000 with an average of 3.8 bedrooms and 2.2 bathrooms and average Square footage of 2,174SF.

The low price range had the most activity. Homes up to $128,979 were on the market on average 15 days and sold an average of $105,492.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Glendale Heights. Search all Glendale Heights homes for Sale on propertyup.comIf you are considering viewing Glendale Heights, you may want to do so now!

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Elk Grove Village Real Estate Market Update September 2018

Real Estate In Elk Grove Village is a sellers’ market with low inventory of homes in Elk Grove Village and a lot of buyer interest. There is a 5.03 months supply of inventory on the market in Elk Grove Village on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elk Grove Village last month was 31 days.
It took on average 37 days to sell Elk Grove Village Condo, Townhouse or a Duplex.
The number of home sales in Elk Grove Village from August 1, 2018 through August 31, 2018 was 47 units. That is 1% above the number of homes sold last month in Elk Grove Village.

The average price per square foot in the area is now $143/Sq.Ft, which is 51% an increase from last month.

In Elk Grove Village there were 10 units sold in August in the price range between $90,000 – $169,579 with an average of 1.7 bedrooms and 1.2 bathrooms and average Square footage of 1,031SF.

In Elk Grove Village there were 33 units sold in August in the price range between $169,580 – $402,078 with an average of 3 bedrooms and 1.8 bathrooms and average Square footage of 1,588SF.

In Elk Grove Village there were 4 units sold in August in the price range between $402,079 – $555,000 with an average of 4 bedrooms and 2.4 bathrooms and average Square footage of 3,173SF.

The low price range had the most activity. Homes up to $169,579 were on the market on average 68 days and sold an average of $131,600.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Elk Grove Village. Search all Elk Grove Village homes for Sale on propertyup.comIf you are considering viewing Elk Grove Village, you may want to do so now!

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Elgin Real Estate Market Update September 2018

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 5.22 months supply of inventory on the market in Elgin on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Elgin last month was 28 days.
It took on average 37 days to sell Elgin Condo, Townhouse or a Duplex.
The number of home sales in Elgin from August 1, 2018 through August 31, 2018 was 161 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 0% an increase from last month.

In Elgin there were 25 units sold in August in the price range between $81,500 – $148,136 with an average of 2.2 bedrooms and 1.6 bathrooms and average Square footage of 1,233SF.

In Elgin there were 127 units sold in August in the price range between $148,137 – $354,885 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,811SF.

In Elgin there were 9 units sold in August in the price range between $354,886 – $495,000 with an average of 3.6 bedrooms and 2.9 bathrooms and average Square footage of 3,377SF.

The low price range had the most activity. Homes up to $148,136 were on the market on average 30 days and sold an average of $124,461.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t 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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Deerfield Real Estate Market Update September 2018

Real Estate In Deerfield is a balanced market favoring buyers. There is significant amount of homes for sale in Deerfield, and buyers are not in a rush to buy yet. There is a 7.62 months supply of inventory on the market in Deerfield on September 30, 2018.

Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Deerfield last month was 55 days.
It took on average 61 days to sell Deerfield Condo, Townhouse or a Duplex.
The number of home sales in Deerfield from August 1, 2018 through August 31, 2018 was 35 units. That is 1% above the number of homes sold last month in Deerfield.

The average price per square foot in the area is now $190/Sq.Ft, which is 55% an increase from last month.

In Deerfield there were 9 units sold in August in the price range between $138,500 – $331,674 with an average of 2.6 bedrooms and 1.7 bathrooms and average Square footage of 1,435SF.

In Deerfield there were 24 units sold in August in the price range between $331,675 – $1,082,423 with an average of 4 bedrooms and 2.5 bathrooms and average Square footage of 2,552SF.

In Deerfield there were 2 units sold in August in the price range between $1,082,424 – $1,640,000 with an average of 5.5 bedrooms and 4.1 bathrooms and average Square footage of 5,025SF.

The low price range had the most activity. Homes up to $331,674 were on the market on average 49 days and sold an average of $254,688.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Deerfield. Search all Deerfield homes for Sale on propertyup.com If you are considering viewing Deerfield, you may want to do so now!

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