Elk Grove

First Time Buyer Bonanza – Find Your New Home

by Matt Hernacki March 11, 2009 Algonquin

If you’re a first time buyer and in a position where you can purchase a place of your own, you have stumbled on one of the best times ever to buy! You’ll be able to take advantage of super low interest rate (the lowest in 37 yrs in fact!), and low prices at the same …

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$7,500 is $15,000 is now $8,000 to First-Timers

by Matt Hernacki February 16, 2009 Algonquin

Well, it was not the $15,000 that the Senate got everyone hot and bothered about (you can’t really expect them to do something totally right, can you?) a week and a half ago or so, but it is an improvement over the current $7,500 tax credit currently in place. Part of the new stimulus bill includes an $8,000 …

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Elk Grove IL Real Estate Review for ’08 – Search for Homes

by Matt Hernacki February 10, 2009 Elk Grove

2008 Review for Elk Grove homes and Real Estate:

Single Family
Active listings: 124
Under contract: 12
Sold & Closed: 118
Average days on market: 205

Condo/Towhomes
Active listings: 144
Under contract: 8
Sold & Closed: 101
Avg days on market: 194

What’s ahead for 2009 Real Estate in Elk Grove, Illinois? If you want to sell, it is critical to price your home aggresively …

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$15,000 Tax Credit May Be Coming Your Way

by Matt Hernacki February 5, 2009 Algonquin

The government is trying to greatly improve the tax credit that was offered last year and that is in place now. Right now you have to be a first time buyer or have not owned a home in three years to get a $7500 credit that has to be repaid over 15 years. If the …

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1st half 2008 update for Elk Grove homes and Real Estate

by Matt Hernacki July 21, 2008 Elk Grove

Single Family
Active listings: 164
Under contract: 23
Sold & Closed: 48
Average days on market: 181

Condo/Towhomes
Active listings: 167
Under contract: 16
Sold & Closed: 46
Avg days on market: 182

With 1/2 of 2008 behind us, Elk Grove Real Estate and Homes have had the same results as other area towns. Many available (active) listings, and not a whole lot of …

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Elk Grove IL Homes for Sale – Market Update

by Matt Hernacki April 8, 2008 Elk Grove

1st quarter ’08 update for Elk Grove homes and Real Estate:

Single Family                                        Condo/Towhomes
Active listings: 137                              Active listings: 119
Under contract: 13                              Under contract: 12
Sold & Closed: 17                                Sold & Closed: 18
Average days on market: 177           Avg days on market: 221

Elk Grove homes are no exception, it is still a buyer’s market here. But sellers, if …

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Elk Grove Home Sales update – 2007 review

by Matt Hernacki January 4, 2008 Elk Grove

167 single family homes were sold in ’07. It took an average of 114 days and the average sale price was $338,265. Today there are 125 listings on the market and 9 of them have buyers working through the purchase process.

For townhomes and condos, 208 sold and closed last year in an average of 98 …

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Elk Grove Village, Illinois Market Update – Single Family homes

by Matt Hernacki November 2, 2007 Elk Grove

The past 3 mos for single family homes in Elk Grove Village, Illinois have looked like this (data from MLSNI):

Total Listings: 188

Available: 129

Under Contract: 20

Closed: 39

Elk Grove appears to be doing better during this slow period. Percentage wise there are more listings under contract and closed for the past 3 months than in many of …

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