Elgin Real Estate Market Update March 2018

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Elgin Real Estate Market Update March 2018
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Real Estate In Elgin is a sellers market with
low inventory of homes in Elgin and a lot of
buyer interest. There is a 3.72 months supply of
inventory on the market in Elgin on March 31,
2018.
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Now is the Time to Sell! The average market time
for a Single Family Homes to sell in Elgin last
month was 54 days.It took on average 44 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from February 1,
2018 through February 28, 2018 was 67 units. That
is 1 above the number of homes sold last month
in Elgin. The average price per square foot in
the area is now 93/Sq.Ft, which is 5 a decline
from last month.
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In Elgin there were 7 units sold in February in
the price range between 29,000 111,819 with
an average of 3 bedrooms and 1.9 bathrooms and
average Square footage of 1,617SF. In Elgin there
were 54 units sold in February in the price range
between 111,820 322,318 with an average of
3.1 bedrooms and 1.8 bathrooms and average Square
footage of 1,654SF. In Elgin there were 6 units
sold in February in the price range between
322,319 450,000 with an average of 3.3
bedrooms and 2.5 bathrooms and average Square
footage of 2,437SF. The low price range had the
most activity. Homes up to 111,819 were on the
market on average 40 days and sold an average of
85,371.
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If you are looking for a new home for you and
your family, or looking for an investment
property, you cant go wrong by getting a prime
piece of real estate in Elgin. Search all Elgin
homes for Sale on propertyup.com If you are
considering viewing Elgin, you may want to do so
now!
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John Herman Property Up Inc. Call 847-847-4711 18
-5 E Dundee Rd, Suite 200 Barrington, IL 60010