1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
Each office Independently owned and operated.
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 | 858.952.4280 | ©2020
Visit DowntownPalatineHomes.com for community info, listings, and recent sales.
JANUARY 2020 REAL ESTATE MARKET REPORT
2019 YEAR-END REAL ESTATE REVIEW
DOWNTOWN PALATINE’S The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
Downtown Palatine Homeowner, Statistics show that Downtown Palatine has seen increases in key market indicators over 2019, but what does this mean for you as a homeowner? If you’ve considered selling, now is the time to get a great return from your investment! Call me today at 847.977.7024 to find out how I will help you maximize your home’s selling potential!
LOW
$203,950
AVERAGE HIGH
$327,748 $620,000
2019 Sold Home Prices
LOW
Year-End 2019
6 More Than 2018
$245,000
AVERAGE HIGH
26
HOMES SOLD
$367,800 $680,000
2018 Sold Home Prices
95
97.5%
$183
AVERAGE DAYS ON MARKET IN 2019
AVERAGE SOLD PRICE to LIST PRICE RATIO IN 2019
AVERAGE PRICE PER SQUARE FOOT IN 2019
LOW: 1 • HIGH: 366
LOW: 89.0% • HIGH: 101.8%
LOW: $133 • HIGH: $240
16 Days Slower Than 2018
1.1% More Than 2018
$6 Less Than 2018
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
Reflects data from the MRED MLS from January 1st, 2018 through December 31st, 2019. Data deemed accurate but not guaranteed.
GREG OLSON
"Greg is the best real estate professional! He is honest, professional, and knowledgable. He is quick in his responses and knows how to advice the best. Greg helped us to buy and sell our property, and made it possible to do so remotely, while we were in another state."
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@gmail.com
Zillow Review DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES REAL ESTATE MARKET REPORT The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED Status
Subdivision
Street Name
Type
Beds
Baths
Estimated Square Feet*
List Price
Active
Benchmark
W. Johnson Street
Active
Benchmark
W. Johnson Street
Condo
2
2.0
1,500
$275,000
Condo
2
2.0
1,600
Active
Palatine Station
$309,900
N. Rose Street
Townhouse
2
2.1
1,600
$334,900
Active Active
The Brownstones
N. Smith Street
Townhouse
3
3.1
2,500
$629,900
The Preserve
W. Wood Street
Condo
2
2.0
1,400
$250,000
Active
The Preserve
W. Wood Street
Condo
2
2.0
1,700
$309,000
Active
The Stratford of Palatine
W. Johnson Street
Condo
2
2.0
1,600
$279,900
Active
The Stratford of Palatine
W. Johnson Street
Condo
2
2.0
1,400
$284,500
WHAT IS YOUR HOME WORTH IN 2020? Downtown Palatine Homeowner, Are you thinking about selling in the new year? Downtown Palatine homes deserve exceptional listing service, marketing savvy, and negotiation expertise that result in a successful sale. Get started today. Call me at 847.977.7024 for a confidential discussion or receive the most accurate assessment of your Downtown Palatine Home at:
DowntownPalatineHomes.com
There is 1 home currently Pending in Downtown Palatine. For more information, call me today at 847.977.7024.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES SOLD SINCE AUG. 1ST, 2019 Status
Subdivision
Address
Type
Sold
Benchmark
132 W. Johnson Street #105
Sold
Benchmark
132 W. Johnson Street #204
Sold
Palatine Station
Sold
Palatine Station
Sold
Palatine Station
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 you find the right program.
PRODUCTS OFFERED: Conventional, FHA, VA, Jumbo, USDA and IHDA
Beds
Baths
Estimated Square Feet
List Price
Sold Price
Sold Date
Condo
2
2.0
1,650
$269,000
$267,000
08/30/19
Condo
2
2.0
1,624
$359,900
$355,000
08/16/19
145 N. Rose Street
Townhouse
2
2.1
1,500
$315,000
$305,000
12/18/19
211 W. Wood Street
Condo
3
2.2
2,200
$350,000
$355,000
12/05/19
158 N. Rose Street
Townhouse
2
2.1
1,500
$309,000
$301,000
10/16/19
Pasquale Pete Messina
Chris Wallace
NMLS: 227000
NMLS: 224090
Sold
The Brownstones
72 N. Smith Street
Townhouse
3
3.1
2,909
$629,900
$620,000
09/25/19
Sold
The Groves Of Palatine
428 W. Wood Street
Townhouse
2
2.1
2,200
$300,000
$292,000
11/26/19
Sold
The Groves Of Palatine
432 W. Wood Street #13
Townhouse
3
2.1
2,300
$369,900
$361,500
09/12/19
Sold
The Preserve
455 W. Wood Street #412
Condo
2
2.0
1,525
$264,000
$235,000
12/13/19
Sold
The Preserve
455 W. Wood Street #204
Condo
1
1.0
1,233
$216,900
$203,950
12/05/19
Sold
The Preserve
455 W. Wood Street #313
Condo
2
2.0
1,419
$265,900
$260,000
08/29/19
Sold
The Preserve
455 W. Wood Street #301
Condo
2
2.0
1,779
$350,000
$335,000
08/13/19
Purchase or Refinance
C: 847.951.1697
C: 708.525.5953
pmessina@themessinateam.com
chris@themessinateam.com
PROUD SPONSORS OF CMN 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. ©2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for August 1st, 2019 through January 8th, 2020. Listings and sales may not be those of RE/MAX Suburban. 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 covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Square feet rounded down to nearest hundred. Call today for full details.
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