Elgin Real Estate Market Update September 2018

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Elgin Real Estate Market Update September 2018
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Real Estate In Elgin is a balanced market that
favoring sellers. We still see plenty of
inventory, so plenty of bargains for the buyers.
There is a 5.22 months supply of inventory on the
market in Elgin on September 30, 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 28 days.It took on average 37 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from August 1, 2018
through August 31, 2018 was 161 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 103/Sq.Ft, which is 0 an increase
from last month.
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In Elgin there were 25 units sold in August in
the price range between 81,500 148,136 with
an average of 2.2 bedrooms and 1.6 bathrooms and
average Square footage of 1,233SF. In Elgin there
were 127 units sold in August in the price range
between 148,137 354,885 with an average of
3.1 bedrooms and 2 bathrooms and average Square
footage of 1,811SF. In Elgin there were 9 units
sold in August in the price range between
354,886 495,000 with an average of 3.6
bedrooms and 2.9 bathrooms and average Square
footage of 3,377SF. The low price range had the
most activity. Homes up to 148,136 were on the
market on average 30 days and sold an average of
124,461.
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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