Tuesday, February 01, 2005

02/01/05 Market Update

Palatine real estate market update for 02/01/05.

There are currently 165 single family homes listed on the MLS with a price range of $223,900 up to $2,100,000. Of the 165 homes currently listed 46 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.

Attached homes are either condos, townhomes, or coach homes. There are 375 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 106 of these listed homes are under contract as of today and that leaves 266 attached homes that are available.

These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.