a
o
e
n
e
en
ent
owne
an
o
e
ate
1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
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 oC mmunity’s aV lue iS nce 2004 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2022
iV sit
DoPnwot Henital moc.se
of r community info, listings, and recent sales.
MARCH 2022 REAL ESTATE MARKET REPORT
Looking to sell? Now is a
ONCE-IN-A-LIFETIME OPPORTUNITY! According to the National Association of Realtors: Demand is Very Strong. 6.18 million homes were sold in 2021, the largest number of home sales in 15 years. Demand isn’t expected to weaken this year, either. Supply is historically Limited. Months’ supply of inventory just hit the lowest number of the century. Unsold inventory sits at a 1.8-month supply at the present sales pace. Sellers Have Maximum Leverage. Since demand is high and inventory is low, sellers hold all the cards. Benefits of this market include a competitive sales price, a flexible closing date, potential for a leaseback to allow you more time to find a home, and minimal offer contingencies.
Downtown Palatine Homeowner, Your next dream home is out there waiting if we act quickly! Call me at 847.977.7024 and let’s develop a plan to help you leverage your property and take advantage of this unique opportunity.
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
GREG OLSON
"We have been with Greg for about ten years. He has sold two houses for us, helped us buy a house, and rented out some rental property we have. He is a pleasure to work with. I feel always that he understood our needs and wants and was there for us in a moment's notice."
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@
gmail .com
THE MOST ACCURATE ASSESSMENT OF YOUR DOWNTOWN PALATINE HOME
- HEDY N.
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
Active
The Stratford of Palatine
W Johnson Street
Condo
Beds
Baths
Estimated Square Feet*
List Price
2
2.0
1,500
$330,000
Visit www.DowntownPalatineHomes.com Today! As your Downtown Palatine real estate expert, I understand the true value of your home. If you’ve considered selling, find out what your home is worth in today’s market.
There are 3 homes currently pending in Downtown Palatine. For more information, call me today at 847.977.7024. DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES RECENTLY SOLD Beds
Baths
Estimated Square Feet*
List Price
Sold Price
Sold Date
Condo
2
2.0
N/A
$280,000
$265,000
02/02/22
132 W Johnson Street #207
Condo
2
2.0
1,400
$265,000
$260,000
01/19/22
Benchmark
132 W Johnson Street #301
Condo
2
2.0
1,600
$289,000
$289,000
01/06/22
Sold
Benchmark
133 W Palatine Road #108
Condo
1
1.1
1,100
$250,000
$230,000
12/22/21
Sold
Benchmark
132 W Johnson Street #107
Condo
1
1.1
1,200
$189,000
$187,000
11/02/21
Sold
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
The Groves of Palatine
476 W Wood Street #4
Condo
2
2.1
2,200
$350,000
$330,000
09/10/21
Sold
Palatine Station
133 N Maple Street
Townhouse
2
2.1
1,800
$357,900
$348,000
12/01/21
Pasquale Pete Messina
Sold
Palatine Station
259 W Wood Street
Townhouse
2
3.1
1,800
$379,000
$365,000
11/19/21
NMLS: 227000
Sold
Palatine Station
203 W Wood Street
Townhouse
2
2.2
N/A
$349,900
$342,000
09/08/21
Sold
Palatine Station
128 N Rose Street
Townhouse
2
2.1
1,600
$324,900
$329,900
08/20/21
C: 847.951.1697
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 Preserve
455 W Wood Street #308
Condo
2
2.0
N/A
$309,000
$300,000
08/17/21
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
Sold
Benchmark
133 W Palatine Road #310A
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 August 17th, 2021 to February 12th, 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
Chris Wallace NMLS: 224090
pmessina@myccmortgage.com
C: 708.525.5953 Chris.Wallace@myccmortgage.com
PROUD SPONSORS OF CMN
Recognized 2017 Miracle Makers
Cross Country Mortgage | 330 E. Northwest Highway, Mount Prospect, IL 60056 | NMLS: 874123