Tuesday, June 24, 2008

How is the current market in Crystal Lake, IL?

How is the current market in Crystal Lake, IL?


Crystal Lake is located in McHenry County.



As of this morning, per MRED MLS, for the past 3 months:



  • We currently have 669 Single Family homes on the market in Crystal Lake that are active and available.

  • They have been on the market for an average of 202 days.

  • The average list price is $389,949.


During the past 3 months, 63 Single Family homes have successfully closed with the help of their Realtors. This only represents 46% of the market that have had success. They took an average of 172 days on the market to be SOLD.



  • The average list price of the SOLD Single Family homes is $295,677and the average SOLD price is$279,876.


So, on the average Single Family homes in Crystal Lake have been getting an average of 95% of their list prices, with the help of their Realtors.



  • We currently have 208 Attached homes on the market in Crystal Lake that are active and available.

  • They have been on the market for an average of 173 days.

  • The average list price is $204,535.


During the past 3 months, 20 Attached homes have successfully closed with the help of their Realtors. This only represents 45% of the market that have had success. They took an average of 158 days on the market to be SOLD.



  • The average list price of the SOLD Attached homes is $177,907 and the average SOLD price is $173,028.


So, on the average Attached homes in Crystal Lake have been getting an average of 97% of their list prices, with the help of their Realtors.


We are still experiencing a Buyer's Market in Crystal Lake.



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