Bloomingdale, Illinois Homes | Looking Back at the 2007 Real Estate Market

By
Real Estate Agent with RE/MAX All Pro

snowflakesWith the encouraging increase in activity the Bloomingdale real estate market and surrounding markets have seen, we think 2008 is going to be a good year.

There is no denying that the housing market was not what it has been in the past but things are changing for the better. Sellers realize they have to do a little more preparing and sprucing up of their homes before putting them on the market. They are a lot more realistic about their asking price and their negotiating price. There is no more "take it or leave it" kind of attitudes. Both parties are truly negotiating again!

Real estate agents have to do more than just put a sign in the ground and enter it in the MLS. The successful REALTORS have extensive marketing plans and different kinds of marketing tools they use to result in an attractive and successful contract for purchase.

We are in the best kind of opportunity market. There is still no better investment than a real estate investment so now is a good time to buy, sell and purchase those investments.

Here is a chart of ACTIVE (Single Family)  LISTINGS in Bloomingdale and the MARKET TIMES (In days):

Bedrooms

# Active

Avg. LP

Avg. MT

All

78

$545,375

178

 

2 or Less

1

$519,000

158

 

3

31

$404,864

167

 

4

37

$601,284

164

 

5 or More

9

$802,444

272

Here are the single family properties that have sold in Bloomingdale since January 1, 2007 to December 31, 2007...

Bedrooms

# Sold

% Sold

Avg LP (Sold)

Avg SP

SP:LP Ratio

Avg MT (Sold)

All

105

100%

$461,603

$442,155

96%

154

 

2 or Less

4

100%

$363,875

$353,475

97%

183

 

3

33

100%

$387,111

$368,179

95%

117

 

4

62

100%

$494,511

$475,444

96%

170

 

5 or More

6

100%

$596,417

$564,150

95%

174

The best decision you can make is a well informed and educated decision. We create value by providing you with all the information needed to make that educated decision!

Our goal is to always provide up to date information about the Bloomingdale real estate market. It is important to know about the Bloomingdale homes for sale and Bloomingdale properties to sale.

You can find more information about

Bloomingdale homes for sale and Bloomingdale properties for sale

the Village of Bloomingdale 

Bloomingdale Park District 

Get a Community Report or a Neighborhood Valuation

Or if you are looking to find a home in the Bloomingdale, Glendale Heights, Carol Stream, Dupage County area, please feel free to contact Rick and Lynn Orze of RE/MAX All Pro at 630-339-4022. We would be happy to provide you with information on surrounding communities.

**INFORMATION SOURCE: MULTIPLE LISTING SERVICE OF NORTHERN ILLINOIS (MLSNI)

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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection
Rick and Lynn, I too hope we will have a great 2008.  Real estate statistical report is something our consumer appreciate.
Jan 09, 2008 04:07 PM #1
Rainer
86,236
Rick and Lynn Orze
RE/MAX All Pro - Carol Stream, IL
Carol Stream, IL RE/MAX All Pro
Jennifer Fivelsdal - Thanks for stopping by. We really feel things are looking better and will continue to get better in 2008. We are all about educating and informing the people. Thanks for commenting! Hope your 2008 will be great!!!
Jan 09, 2008 09:50 PM #2
Rainer
28,341
Jen Hudson
Windermere Real Estate/M2, LLC - Stanwood, WA
Stanwood, Camano & Arlington, WA
That is very true.  With our market going back to a "normal" market, people are negotiating again.
Jan 10, 2008 11:32 AM #3
Rainer
86,236
Rick and Lynn Orze
RE/MAX All Pro - Carol Stream, IL
Carol Stream, IL RE/MAX All Pro
Jen Hudson - Thanks for stopping by. It is kind of nice to be participating in the "art of negotiating" again! Hope you have a great 2008!!!
Jan 10, 2008 12:32 PM #4
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Rainer
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Rick and Lynn Orze

Carol Stream, IL RE/MAX All Pro
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