180 N. Arlingto Heights Road Arlingto Heights, IL 604 remaxsubn.co
GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managi Broke
847.977.7024 GregOlsonRealEstae@ DowntoPalieHms
.com gmail
FINEST CONDOS & TOWNHOMES
.com
www.DowntownPalatineHomes.com
,gniv L ,gnivoL dna gnitom rP Our s’ytinumoC Vaeul ecniS 402 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
Vitis
DowntownPalatineHomes.com rof ytinumoc ,ofni ,sgnitl dna tnecr .sela
AUGUST 2022 REAL ESTATE MARKET REPORT
Downtown Palatine Homeowner,
MID-YEAR REVIEW Downtown Palatine
Statistics show a decrease in key market indicators; however, the demand for your Downtown Palatine community remains high with current inventory pointing to a seller’s market. To secure the best price for your home, you need a marketing and negotiation expert who specializes in Downtown Palatine. If you are thinking of selling, contact me today at 847.977.7024.
291,093
$
AVERAGE SOLD PRICE
Low: $210,000 | High: $370,000
Now is a great time to consider listing your home and taking advantage of the upward trends while they last!
1.7% Decrease from 2021
98.8%
AVERAGE SOLD PRICE/ LIST PRICE RATIO
Low: 94.6% | High: 107.8% 1.3% Increase over 2021
$
186
AVERAGE PRICE PER SQUARE FOOT
Low: $145 | High: $243
PRESENTED BY GREG OLSON
1.1% Decrease from 2021
YO U R D O W N TO W N PA L AT I N E N E I G H B O R AND REAL ESTATE SPECIALIST
81
AVERAGE DAYS ON MARKET
Low: 1 | High: 662 Data based on listings from MRED MLS from January 1st to June 30th, 2021 and 2022. Information deemed accurate but not guaranteed.
16.5% Decrease from 2021
PREPARED ESPECIALLY FOR Downtown Palatine Homeowner
GREG OLSON
“Greg Olson and the RE/MAX team are by far the most professional agency I have ever worked with. From thoroughly covering all of the bases during a purchase to offering high-quality mortgage professional referrals, the process is seamless. I wouldn't recommend anyone else in the area. Thank you again for going above and beyond!”
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@ gmail.com
-
WHO YOU WORK WITH MATTERS! Achieve Your Downtown Palatine Real Estate Goals With Greg
TANYA V.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES REAL ESTATE MARKET REPORT
The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED Status
Subdivision
Street Name
Type
Beds
Baths
Estimated Square Feet*
List Price
Active
Benchmark
W Palatine Road
Condo
2
2.0
1,500
$289,900
Active
Palatine Station
W Wood Street
Townhouse
1
1.0
1,000
$245,000
Active
The Preserve
W Wood Street
Condo
2
2.0
1,500
$290,000
Active
Wilson Street Homes
W Wilson Street
Townhouse
2
1.1
1,800
$279,900
SOLD IN 4 DAYS FOR 100% OF LIST PRICE
SOLD FOR 98% OF LIST PRICE
190 W JOHNSON STREET #501
147 N MAPLE STREET
Downtown Palatine Homeowner, Let me achieve the same exceptional results for you as I did for these clients. Call me at 847.977.7024 to have your home professionally marketed and featured in my monthly publication.
There are 2 homes currently pending in Downtown Palatine. For more information, call me today at 847.977.7024. DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES RECENTLY SOLD Beds
Baths
Estimated Square Feet*
List Price
Sold Price
Sold Date
Condo
2
2.0
1,600
$275,000
$272,500
05/04/22
132 W Johnson Street #406
Condo
2
2.0
1,300
$278,000
$270,000
04/04/22
Benchmark
132 W Johnson Street #102
Condo
1
1.1
1,400
$234,900
$240,000
03/15/22
Benchmark
133 W Palatine Road #310A
Condo
2
2.0
1,500
$280,000
$265,000
02/02/22
Sold
The Groves of Palatine
380 W Wood Street
Townhouse
2
2.1
2,500
$355,000
$363,500
05/27/22
Sold
Palatine Station
147 N Maple Street
Townhouse
2
2.1
1,800
$349,900
$343,000
06/23/22
Sold
Palatine Station
160 N Rose Street
Condo
2
1.1
1,000
$225,000
$242,500
04/29/22
Sold
Palatine Station
82 N Smith Street
Townhouse
2
2.1
2,200
$389,000
$370,000
04/22/22
Sold
The Preserve
435 W Wood Street #413A
Condo
2
2.0
1,600
$340,000
$345,000
07/01/22
Sold
The Preserve
455 W Wood Street #309
Condo
2
2.0
1,500
$299,900
$299,900
03/01/22
Sold
The Preserve
455 W Wood Street #307
Condo
2
2.0
1,800
$349,900
$346,000
03/01/22
Sold
The Preserve
455 W Wood Street #304
Condo
1
1.0
1,200
$219,900
$210,000
02/10/22
Sold
The Preserve
455 W Wood Street #213
Condo
2
2.0
1,700
$287,000
$275,000
01/24/22
Sold
The Stratford of Palatine
190 W Johnson Street #501
Condo
2
2.0
1,500
$299,900
$300,000
07/01/22
Sold
The Stratford of Palatine
190 W Johnson Street #208
Condo
2
2.0
1,500
$330,000
$320,000
04/01/22
Status
Subdivision
Address
Type
Sold
Benchmark
132 W Johnson Street #101
Sold
Benchmark
Sold Sold
Greg Olson and RE/MAX Suburban are not in any way affiliated with Downtown Palatine Owners Association, nor is this in any way an official advertisement or publication of Downtown Palatine. ©2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for January 24th to July 13th, 2022. Listings and sales may not be those of RE/MAX Suburban. MRED MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Square feet rounded down to nearest hundred. Call today for full details.
The Messina-Wallace Team is committed to providing you the highest quality financial solution that is specifically tailored to meet your financial needs. Whether you are purchasing the home of your dreams or refinancing an outstanding loan, we can help you find the right program.
PRODUCTS OFFERED: Conventional, FHA, VA, Jumbo, USDA, and IHDA Purchase or Refinance
Pasquale Pete Messina NMLS: 227000
Chris Wallace
C: 847.951.1697
NMLS: 224090
pmessina@myccmortgage.com
C: 708.525.5953 Chris.Wallace@myccmortgage.com
PROUD SPONSORS OF CMN
Recognized 2017 Miracle Makers
Cross Country Mortgage | 330 E. Northwest Highway, Mount Prospect, IL 60056 | NMLS: 874123