Elgin Real Estate Market Update June 2018

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Elgin Real Estate Market Update June 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 4.85 months supply of
inventory on the market in Elgin on June 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 38 days.It took on average 31 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from May 1, 2018
through May 31, 2018 was 144 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 108/Sq.Ft, which is 11 an increase
from last month.
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In Elgin there were 14 units sold in May in the
price range between 45,500 140,807 with an
average of 2.2 bedrooms and 1.5 bathrooms and
average Square footage of 1,096SF. In Elgin there
were 124 units sold in May in the price range
between 140,808 405,556 with an average of 3
bedrooms and 2 bathrooms and average Square
footage of 1,928SF. In Elgin there were 6 units
sold in May in the price range between 405,557
575,000 with an average of 4 bedrooms and 3
bathrooms and average Square footage of
3,569SF. The low price range had the most
activity. Homes up to 140,807 were on the market
on average 36 days and sold an average of
112,446.
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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