1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
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GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managing Broker 4207. 7.9 784
GregOlsonRealEstate@ DowntownPalatineHomes
gmail .com
FINEST CONDOS & TOWNHOMES
.com
www.DowntownPalatineHomes.com
Living, Loving, and Promoting uO r Community’s aV lue Since 2004 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
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HOW MUCH WILL WA I T I N G T O S E L L
for community info, listings, and recent sales.
APRIL 2022 REAL ESTATE MARKET REPORT
%
COST YOU? Interest rates are expected to rise this year, breaking the trends of record lows and increasing the overall cost to purchase. This will greatly reduce the number of qualified buyers, affecting what your home sells for! MORTGAGE
P&I*
2022 Q1
$300,000
$1,342.91
2023 Q1
$318,900
$1,480.54
MONTHLY PAYMENT INCREASE: THE DIFFERENCE IN THE LIFE OF THE LOAN (30 YEARS):
$137.63
$49,546.80 PRESENTED BY GREG OLSON
Downtown Palatine Homeowner, Call me today at 847.977.7024 to learn how my marketing will attract qualified buyers and allow you to purchase your next home before interest rates increase! Average Commitment Rate per Freddie Mac | *Principal and Interest Payment | 6.3% Home Price Increase Forecasted by HPES
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
GREG OLSON
"Greg did it again! Sold fast, smooth closing, always available for questions, and accommodated our schedule when looking for our new home. Thank you!"
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@
gmail .com
I N VE N TO RY I S LOW NOW IS THE TIME TO SELL! • Historically low interest rates • High number of buyers
- JARETT C.
• Low home inventory
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES
• Seller’s market
REAL ESTATE MARKET REPORT
The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
Downtown Palatine Homeowner, If you’re on the fence about selling your house, now is a great time to take advantage of sky-high
Downtown Palatine Homeowner, There are currently no homes for sale and five homes pending in Downtown Palatine. With inventory this low and homes in high demand, your real estate opportunity is here! If you’re thinking of selling your house, now is the optimal time to list. Call me at 847.977.7024 to discuss how you can put your house on the market today.
demand, record-low supply, and fierce buyer competition. With less competition, you could sell faster and for more money! Call me today at 847.977.7024 to get started.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES RECENTLY SOLD Estimated Square Feet*
List Price
Sold Price
Sold Date
2.0
N/A
$280,000
$265,000
02/02/22
2.0
1,400
$265,000
$260,000
01/19/22
2
2.0
1,600
$289,000
$289,000
01/06/22
Condo
1
1.1
1,100
$250,000
$230,000
12/22/21
132 W Johnson Street #107
Condo
1
1.1
1,200
$189,000
$187,000
11/02/21
Benchmark
132 W Johnson Street #202
Condo
2
2.1
1,400
$220,000
$225,000
09/30/21
Sold
Benchmark
132 W Johnson Street #106
Condo
1
1.1
1,200
$229,900
$225,000
09/16/21
Sold
Palatine Station
133 N Maple Street
Townhouse
2
2.1
1,800
$357,900
$348,000
12/01/21
Sold
Palatine Station
259 W Wood Street
Townhouse
2
3.1
1,800
$379,000
$365,000
11/19/21
Sold
The Preserve
455 W Wood Street #309
Condo
2
2.0
N/A
$299,900
$299,900
03/01/22
Sold
The Preserve
455 W Wood Street #307
Condo
2
2.0
1,800
$349,900
$346,000
03/01/22
Sold
The Preserve
455 W Wood Street #304
Condo
1
1.0
1,200
$219,900
$210,000
02/10/22
Sold
The Preserve
455 W Wood Street #213
Condo
2
2.0
1,700
$287,000
$275,000
01/24/22
Sold
The Preserve
435 W Wood Street #213A
Condo
2
2.0
1,400
$290,000
$290,000
11/22/21
Sold
The Preserve
455 W Wood Street #509
Condo
2
2.0
N/A
$299,000
$299,000
10/15/21
Sold
The Preserve
455 W Wood Street #401
Condo
2
2.0
1,800
$429,900
$419,000
10/07/21
Sold
The Stratford of Palatine
190 W Johnson Street #203
Condo
2
2.0
1,600
$350,000
$345,000
09/20/21
Status
Subdivision
Address
Type
Beds
Baths
Sold
Benchmark
133 W Palatine Road #310A
Sold
Benchmark
132 W Johnson Street #207
Condo
2
Condo
2
Sold
Benchmark
132 W Johnson Street #301
Condo
Sold
Benchmark
133 W Palatine Road #108
Sold
Benchmark
Sold
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. ©2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for September 20th, 2021 to March 15th, 2022. 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.
The Messina-Wallace 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 Purchase or Refinance
Pasquale Pete Messina NMLS: 227000
Chris Wallace
C: 847.951.1697
NMLS: 224090
pmessina@myccmortgage.com
C: 708.525.5953 Chris.Wallace@myccmortgage.com
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