HOME PRICES REMAIN HIGH
NOW IS THE TIME TO SELL!
Even though we’re no longer seeing the buyer frenzy that drove home values up to their peak last summer, prices have been relatively flat at the national level. You might think that in order to attract buyers in today’s market, sellers would have to lower prices. But there’s another factor at play – low inventory.
With so few homes available for sale today, it’s important to work with a trusted real estate agent who understands your local area and can navigate the current market. If you’re thinking about moving this year, let’s connect. Call me at 847.977.7024
“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.” - BANKRATE
1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com Each office Independently owned and operated. GREG OLSON CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com Living, Loving, and Promoting Our Community’s Value Since 2004 Visit DowntownPalatineHomes.com for community info, listings, and recent sales. Published by Real Marketing (RM) www.REALMarketing4You.com 858.952.4280 ©2023 JUNE 2023 REAL ESTATE MARKET REPORT YOUR DOWNTOWN PALATINE NEIGHBOR AND REAL ESTATE SPECIALIST PRESENTED BY GREG OLSON DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES www.DowntownPalatineHomes.com
Downtown Palatine Homeowner,
MONTHS’ INVENTORY OF HOMES FOR SALE 2011 - TODAY 2011 2013 2015 2017 2019 2021 2023 9.5 7.5 5.5 3.5 1.5 Data represents the past 12 Januarys Source: NAR PREPARED ESPECIALLY FOR Downtown Palatine Homeowner
GREG OLSON
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@gmail.com
“As a first-time home buyer, Greg was informative, helpful, and very easy to communicate with. He was patient and explained everything in detail throughout the entire process.” -
BECKIE J.DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES REAL ESTATE MARKET REPORT
THERE ARE CURRENTLY NO HOMES LISTED AND 1 HOME PENDING IN DOWNTOWN PALATINE
With inventory low and Downtown Palatine homes in high demand, your real estate opportunity is here! If you’re thinking of selling your house, now is the optimal time to list. Call me at 847.977.7024 to discuss how you can put your house on the market today.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES RECENTLY SOLD
455 W WOOD STREET, UNIT 410
Allow me to invest my ambition and expertise toward the successful sale of your house while also providing an exceptional service experience. Contact me to start the conversation at 847.977.7024, and let my marketing work for you!
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. ©2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for November 17th, 2022 to May 12th, 2023. 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.
INVENTORY IS LOW, AND I HAVE MOTIVATED, WELL-QUALIFIED BUYERS LOOKING FOR THEIR NEXT DREAM HOME IN DOWNTOWN PALATINE! Call me today to discuss how I can deliver strong results and the perfect buyer.
Status Subdivision Address Type Beds Baths Estimated Square Feet* List Price Sold Price Sold Date Sold Benchmark 133 W Palatine Road #201A Condo 3 2.0 1,900 $399,900 $399,900 02/22/23 Sold The Groves of Palatine 368 W Wood Street #29 Townhouse 2 2.2 2,500 $349,900 $345,000 12/27/22 Sold The Groves of Palatine 356 W Wood Street #32 Townhouse 2 2.1 2,100 $355,000 $350,000 11/21/22 Sold The Preserve 455 W Wood Street #410 Condo 2 2.0 1,700 $350,000 $350,000 05/05/23 Sold The Preserve 455 W Wood Street #203 Condo 3 2.0 2,100 $379,900 $370,000 12/29/22 Sold The Preserve 435 W Wood Street #408 Condo 2 2.0 1,700 $349,900 $343,500 11/17/22
The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
SOLD FOR 100% OF LIST PRICE IN 9 DAYS!
EXCEPTIONAL
SOLD BY GREG OLSON