Elgin Real Estate Market Update August 2018

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Elgin Real Estate Market Update August 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 5.42 months supply of inventory on the
market in Elgin on August 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 38 days.It took on average 20 days to
sell Elgin Condo, Townhouse or a Duplex.The
number of home sales in Elgin from July 1, 2018
through July 31, 2018 was 146 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 1 a decline
from last month.
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In Elgin there were 14 units sold in July in the
price range between 50,000 139,800 with an
average of 2.1 bedrooms and 1.5 bathrooms and
average Square footage of 1,111SF. In Elgin there
were 130 units sold in July in the price range
between 139,801 439,799 with an average of
3.2 bedrooms and 2 bathrooms and average Square
footage of 1,883SF. In Elgin there were 2 units
sold in July in the price range between 439,800
650,000 with an average of 4.5 bedrooms and 4
bathrooms and average Square footage of
4,132SF. The low price range had the most
activity. Homes up to 139,800 were on the market
on average 28 days and sold an average of
111,892.
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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