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Elgin Real Estate Market Update July 2018

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 5.27 months supply of inventory on the market in Elgin on July 31, 2018.<br><br>Now is the Time to Sell!<br><br>The average market time for a Single Family Homes to sell in Elgin last month was 34 days.<br>It took on average 36 days to sell Elgin Condo, Townhouse or a Duplex.<br>The number of home sales in Elgin from June 1, 2018 through June 30, 2018 was 143 units. That is 1% above the number of homes sold last month in Elgin.<br><br>The average price per square foot in the area is now $109/Sq.Ft, which is 100% a decline from last month.

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Elgin Real Estate Market Update July 2018

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  1. Elgin Real Estate Market Update July 2018

  2. 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 5.27 months supply of inventory on the market in Elgin on July 31, 2018.

  3. Now is the Time to Sell! The average market time for a Single Family Homes to sell in Elgin last month was 34 days.It took on average 36 days to sell Elgin Condo, Townhouse or a Duplex.The number of home sales in Elgin from June 1, 2018 through June 30, 2018 was 143 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 $109/Sq.Ft, which is 100% a decline from last month.

  4. In Elgin there were 25 units sold in June in the price range between $79,000 – $155,876 with an average of 2.5 bedrooms and 1.5 bathrooms and average Square footage of 1,236SF. In Elgin there were 107 units sold in June in the price range between $155,877 – $378,875 with an average of 3.1 bedrooms and 2.1 bathrooms and average Square footage of 1,950SF. In Elgin there were 11 units sold in June in the price range between $378,876 – $525,000 with an average of 4.5 bedrooms and 2.9 bathrooms and average Square footage of 3,172SF. The low price range had the most activity. Homes up to $155,876 were on the market on average 34 days and sold an average of $130,929.

  5. If you are looking for a new home for you and your family, or looking for an investment property, you can’t 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!

  6. John Herman PropertyUp Inc. Call847-847-4711 18-5 E Dundee Rd, Suite 200 Barrington, IL 60010

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