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1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managing Broker 4207. 7.9 784
GregOlsonRealEstate@ DowntownPalatineHomes
gmail .com
FINEST CONDOS & TOWNHOMES
.com
www.DowntownPalatineHomes.com
Living, Loving, and Promoting uO r oC mmunity’s aV lue iS nce 2004 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
iV sit
of r community info, listings, and recent sales.
DoPnwot Henital moc.se
JULY 2022 REAL ESTATE MARKET REPORT
ACHIEVE YOUR REAL ESTATE GOALS WITH GREG OLSON UNDER CONTRACT WITHIN 48 HOURS
JUST LISTED AND CLOSED BY GREG
190 W JOHNSON STREET #501
147 N MAPLE STREET
2 BEDS | 2.0 BATHS | 1,500 SQ. FT. OFFERED AT $299,900
2 BEDS | 2.1 BATHS | 1,800 SQ. FT. OFFERED AT $349,900
Demand is high, and I have motivated, well-qualified buyers
LOOKING FOR THEIR NEXT DREAM HOME IN DOWNTOWN PALATINE! Downtown Palatine Homeowner, Selling a home in Downtown Palatine requires extensive local knowledge, a great marketing plan, and superior negotiation skills. As your Downtown Palatine real estate expert, I know a number of buyers who might be interested in your home. If you have any interest in selling, call me today at 847.977.7024.
PRESENTED BY GREG OLSON
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 PREPARED ESPECIALLY FOR Downtown Palatine Homeowner
GREG OLSON
“Greg was great from start to finish. He takes the time to listen, very knowledgeable, easy to work with, and excellent at what he does. Our house sold extremely fast. He came highly recommended, and I would also refer him to anyone looking to buy or sell a home.”
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@ gmail.com
-
MISSY 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
HOW WILL RISING RATES AFFECT YOUR SALE?
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED
Mortgage rates are rising and have already increased over two percent so far this year, resulting in buyers questioning whether to rush into a purchase now to avoid rates climbing more or waiting in hopes they will fall. With these sudden changes, it’s natural toreflectonhowthiswillimpactyourownsale.
Interest Rates Are Still Historically Low
What Happens If Rates Climb Further?
What Are Experts Saying?
While buyers contemplate their options, it’s important to think about historical context. Rates are still comparatively low when you look at the bigger picture of where rates have been in the last 30 years. Today’s rates still give buyers a window of opportunity to lock in historical rates.
Buyers who are springing into action now are also motivated as they know rates have risen steadily this year, and they’re eager to get ahead of further increases. When rates climb, they impact mortgage payments, likely costing more to purchase if buyers wait.
Asinflationary pressure remains, it’s likely to push mortgage rates even higher in the coming months, though moderately. Experts recommend that if buyersarefinancially secure, they should continue looking for a home now.
Beds
Baths
Estimated Square Feet*
List Price
Downtown Palatine Homeowner,
Condo
2
2.0
N/A
$294,900
N Rose Street
Townhouse
2
2.1
1,800
$349,000
W Wood Street
Townhouse
3
2.2
2,300
$385,000
Takeadvantageofthestillhistoricinterestrates;NOWisthetimetosellandfind your next dream home! When rates go up, your buying power decreases, and you will end up paying MORE for your next home. Call me today at 847.977.7024 and let me help you achieve your real estate goals!
Status
Subdivision
Street Name
Type
Active
Benchmark
W Palatine Road
Active
Palatine Station
Active
Palatine Station
There are 3 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
N/A
$280,000
$265,000
02/02/22
Sold
Benchmark
132 W Johnson Street #207
Condo
2
2.0
1,400
$265,000
$260,000
01/19/22
Sold
Benchmark
132 W Johnson Street #301
Condo
2
2.0
1,600
$289,000
$289,000
01/06/22
Sold
Benchmark
133 W Palatine Road #108
Condo
1
1.1
1,100
$250,000
$230,000
12/22/21
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
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
455 W Wood Street #309
Condo
2
2.0
N/A
$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 #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 December 22nd, 2021 to June 14th, 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
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