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
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SEPTEMBER 2022 REAL ESTATE MARKET REPORT
FINALLY A NORMAL MARKET SELL YOUR HOME AND FIND YOUR NEXT ONE, NO PROBLEM!
• The biggest issue in the last two years was that homes would hit the market and sell in hours with multiple offers. • Potential sellers couldn’t find a home due to the combination of low inventory and bidding wars. • Homeowners were apprehensive about listing because they couldn’t find their next home. • As interest rates have increased, the market has slowed. However, it’s still stronger than the 2019 market. • An increase in inventory not only eases the crunch; it also reinvigorates buyers.
Downtown Palatine Homeowner, This is the perfect time to sell and find your next dream home without the complications seen during the last two years! If you’ve thought about 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 is very knowledgeable and responsive! Highly recommend him for buying/selling your home. Easy to work with, flexible times, patiently answers all your questions, and has a great eye for pointing out potential issues when shopping for a new home.”
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@ gmail.com
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CHRIS P.
DOWNTOWN PALATINE AT A GLANCE
Active Pending Sold
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
1
1.1
1,400
$242,900
Active
The Groves of Palatine
W Wood Street
Townhouse
2
2.2
2,500
$365,000
Active
Palatine Station
W Wood Street
Condo
1
1.0
1,000
$239,900
Active
Palatine Station
N Rose Street
Townhouse
2
2.1
1,800
$349,000
Average Sold Price to List Price Ratio: 99.1% Average Sold Price: $311,569 Average Days on Market: 23 Map is a visual representation of data on the left.
©2022 Google
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
132 W Johnson Street #102
Condo
1
1.1
1,400
$234,900
$240,000
03/15/22
The Groves of Palatine
380 W Wood Street
Townhouse
2
2.1
2,500
$355,000
$363,500
05/27/22
Sold
Palatine Station
309 W Wood Street
Townhouse
3
2.2
2,300
$378,000
$338,000
07/19/22
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
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 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
Benchmark
Sold
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.
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 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 March 1st to August 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.
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