Greg Olson - Downtown Palatine - April 2018

Each office Independently owned and operated.

1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com

GREG OLSON

DOWNTOWN PALATINE’S

CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com

FINEST CONDOS & TOWNHOMES www.DowntownPalatineHomes.com

Living, Loving, and Promoting Our Community’s Value Since 2004 Published by Real Marketing (REM) | www.REALMarketing4You.com | 858.254.9619 | ©2018

Visit DowntownPalatineHomes.com for community info, listings, and recent sales.

APRIL 2018 REAL ESTATE MARKET REPORT

AVAILABLE IN DOWNTOWN PALATINE A Wonderful Rental in The Preserve!

435 W. Wood Street Unit 202 2 Beds, 2 Baths | 1,423 Est. Sq. Ft. Open Floor Plan | Luxury Baths Gourmet Kitchem | Hardwood Flooring Large Balcony | In-Unit Laundry Offered for Rent at $2,250/Month

RECENT SUCCESS IN PALATINE Sold for full asking price in less than 2 weeks!

785 N. Morrison Avenue 2 Beds, 2.5 Baths | 2,580 Est. Sq. Ft. List Price $329,900 Dear Downtown Palatine Homeowner, I understand that your home is an important asset that needs to be protected. My marketing and negotiation skills have achieved exceptional results in our neighborhood. If you are looking to sell, let me help you achieve exceptional results. Call me today at 847.977.7024 for a free home assessment and to be featured in my monthly publication!

PRESENTED BY GREG OLSON

YO U R D O W N TO W N PA L AT I N E N E I G H B O R AND REAL ESTATE SPECIALIST PREPARED ESPECIALLY FOR Downtown Palatine Homeowner

1 ST QUARTER

GREG OLSON CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com

Downtown Palatine Homeowner, If you want to know what your condo or townhome would sell for in today’s market, contact me at 847.977.7024 for your free report.

REAL ESTATE MARKET REPORT

DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED Status

Subdivision

Address

Type

Beds

Baths

Estimated Square Feet

List Price

List Date

Active

The Benchmark

132 W Johnson Street 408

Condo

2

2.0

1,628

$325,000

04/03/18

Active

The Brownstones

12 N Smith Street

Townhouse

3

2.1

2,497

$642,000

04/04/18

Active

The Brownstones

60 N Smith Street

Townhouse

3

3.1

N/A

$650,000

01/21/18

Active

The Groves of Palatine

332 W Wood Street

Townhouse

2

2.1

1,965

$309,900

03/06/18

Active

The Groves of Palatine

480 W Wood Street

Townhouse

2

2.1

1,830

$319,000

03/13/18

Active

The Groves of Palatine

392 W Wood Street

Townhouse

3

3.1

2,180

$357,500

03/03/17

Active

The Groves of Palatine

328 W Wood Street

Townhouse

3

3.1

2,180

$359,900

03/09/18

Active

The Groves of Palatine

488 W Wood Street 1

Townhouse

2

2.1

2,267

$384,900

03/03/18

Active

Palatine Station

323 W Wood Street

Townhouse

2

2.2

1,800

$324,900

12/05/17

Active

Palatine Station

147 N Rose Street

Townhouse

2

2.1

1,800

$325,000

02/28/18

Active

Palatine Station

129 N Maple Street 3

Townhouse

2

2.2

1,800

$334,000

03/13/18

Active

Palatine Station

209 W Wood Street

Townhouse

2

2.2

1,800

$339,900

03/01/18

Active

Palatine Station

259 W Wood Street

Townhouse

2

3.1

1,800

$345,000

03/14/18

Active

Palatine Station

243 W Wood Street

Condo

2

3.1

1,820

$345,000

02/22/18

Active

Palatine Station

313 W Wood Street 21

Townhouse

2

3.1

1,820

$354,000

02/08/18

Active

The Preserve

455 W Wood Street 305

Condo

2

2.0

1,329

$279,900

02/02/18

Active

The Preserve

435 W Wood Street 313A

Condo

2

2.0

1,447

$289,900

03/15/18

Active

The Preserve

455 W Wood Street 211

Condo

2

2.0

1,417

$295,000

03/07/18

Active

The Preserve

455 W Wood Street 402

Condo

2

2.0

1,527

$300,000

01/09/18

Active

The Preserve

455 W Wood Street 313

Condo

2

2.0

1,368

$310,000

02/14/18

Active

The Preserve

435 W Wood Street 208

Condo

2

2.0

1,666

$339,900

03/28/18

Active

The Preserve

435 W Wood Street 405

Condo

2

2.0

1,554

$339,900

02/12/18

There is one home currently Pending in Downtown Palatine.

For more information on any of these listings, call me today at 947.977.7024

DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES SOLD IN THE LAST 3 MONTHS Address

Type

Sold

Palatine Station

241 W Wood Street

Sold

Palatine Station

Sold

Palatine Station

BUYER’S MARKET

SOLD PRICE PRICE PER SQ. FT.

• The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown

Subdivision

REAL ESTATE REVIEW

DOWNTOWN PALATINE IS IN A

CURRENT LISTINGS

+1.9% from 1st Quarter 2017

DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES

Status

DOWNTOWN PALATINE

22

Beds

Baths

Estimated Square Feet

List Price

List Date

Sold Price

Sold Date

Townhouse

2

3.1

N/A

$354,000

09/25/17

$345,000

02/02/18

142 N Rose Street

Townhouse

2

2.1

1,792

$329,000

09/30/17

$310,000

01/16/18

245 W Wood Street 245

Townhouse

3

2.1

2,200

$349,900

06/02/17

$340,000

01/08/18

Greg Olson and RE/MAX Suburban are not in any way affiliated with Downtown Palatine Owners Association, nor is this in any way an official advertisement or publication of Downtown Palatine. ©2018 All rights reserved.

This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for January 5th, 2018 through April 5th, 2018. Listings and sales may not be those of RE/MAX Suburban. The National Association of Realtors® and MRED MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

-13.2% from 1st Quarter 2017

$310,000 $340,000 $345,000

LOW MEDIAN HIGH

$155 LOW $164 AVERAGE $173 HIGH

3

150

96.3%

TOTAL SALES

DAYS ON MARKET

AVERAGE SP/LP

5 Fewer

than 1st Quarter 2017

70 More

than 1st Quarter 2017

-1.4%

than 1st Quarter 2017

Downtown Palatine Homeowner, With 22 homes available in Downtown Palatine we are in a buyer’s market. If you’ve considered selling, you need a Downtown Palatine expert with marketing and negotiating skills to help position your home above the crowd. Call me today at 847.977.7024 to find out how I will help you maximize your home’s selling potential!

Data based on listings from MRED MLS from January 1st to March 31st, 2017 and 2018. Information deemed accurate but not guaranteed.

ARE YOU LOOKING FOR AN EXPERT IN CONDO & TOWNHOUSE LOANS? The Messina Team is committed to providing you the highest quality financial solution that is specifically tailored to meet your financial needs. Whether you are purchasing the home of your dreams or refinancing an outstanding loan, we can help find you the right program.

Pasquale Pete Messina NMLS# 227000 847.951.1697 pmessina@themessinateam.com

Illinois Residential License #MB6750717

PRODUCTS OFFERED: Conventional FHA, VA Jumbo, USDA, IHDA Purchase or Refinance Chris Wallace NMLS# 224090 708.525.5953 chris@themessinateam.com