Arlington Heights Market Update (5-20-08)

Arlington Heights, along with most of the Chicagoland market, has seen a slowed real estate market. There is no question this is a “Buyers Market” and there are some amazing deals to be had.

From looking at the numbers we are seeing an increase in homes under contract and this may be a sign of the market starting to recover. A brief overview of the current market is below.

Single Family Homes in Arlington Heights

Active on Market: 480
Under Contract: 81
Closed in past 60 days: 29

Lowest Price Listing: $189,900
Details of Listing: 2 Bedroom 1 Bath home on Arlington Heights Road. This listing is sold “As-Is” and is bank owned. All offers need to allow 90 days for processing.

Highest Price Listing: $1,895,000
Details of Listing: An amazing home built in 2001 with over 6,000 squire feet of living space. With a large lot located on the gold course this homes location is perfect.

Attached Housing (including Condos and Townhomes)

Active on Market: 483
Under Contract: 47
Closed in past 60 days: 19

Lowest Price Listing: $79,900
Details of Listing: A 1 bedroom 1 bath condo that is corporate owned. This condo is sold “As-Is” and requires a minimum of 10% down payment for the seller to look at the offer.

Highest Price Listing: $1,175,000
Details of Listing: Penthouse in the soon to be built Parkview Condominiums of Arlington Heights building. This top floor unit includes over 2600 square feet of living space and around 1800 square feet of terrace space.

More information

For more details about any of the listings described above contact us or view all of the homes currently on the market with our free Arlington Heights home search.