February 2009 McHenry County Real Estate Market Report

It is a GREAT TIME TO BUY REAL ESTATE in McHenry County, Cook County and Lake Counties in Northern Illinois. There are fabulous homes for sale at great prices *especially for first time buyers, investors and move up buyers.* !

Overall,What is happening so far, this year, in McHenry County this past month?

Single-family homes:

2594 single family homes are for sale in McHenry County with an average list price of $347,460 and an average market time of 271 days.

74 homes have closed so far in 2009 with an average list price of $230,905 and an average sales price of $213,676 with an average market time of 208 days. The successful sellers, with the help of thier Realtors have realized an average of 93% of their asking prices in the past month.

248 homes in McHenry County are under contract either 'contingent' or 'pending'.



So......some homes ARE selling!!



Now...Let's take a look by areas to narrow it down.

Cary / Oakwood Hills, IL:

11 homes in Cary are under contract either 'contingent' or 'pending'.

199 homes in Cary, IL are for sale with an average market time of 175 days.

2 homes in Cary have closed so far in 2009 with an average sales price of $305,000 .



Crystal Lake / Lakewood / Priarie Grove, IL:

14 homes in the Crystal Lake areas are under contract either 'contingent' or 'pending'.

176 homes are for sale in Crystal Lake, Lakewood, Prairie Grove with an average market time of 159 days.

11 homes in Crystal Lake closed so far in 2009 with an average sales price of $216,655.



McHenry / Johnsburg / Sunnyside / McCullum Lake / Holiday Hills / Ringwood / Lakemoor, IL (also including some areas of Bull Valley):

534 single family homes are for sale in McHenry, Johnsburg, Sunnyside, McCullum Lake, Holiday Hills, Ringwood and Lakemoor with an average list price of $339,938 and an average market time of 277 days.

17 homes have closed so far in 2009 in the McHenry areas with an average list price of $191,774 and an average sales price of $178,615 with an average market time of 62 days.

The successful sellers in McHenry, with the help of thier Realtors have realized an average of 93% of their asking prices in the past month.

37 homes in the McHenry areas are under contract either 'contingent' or 'pending'.



Algonquin, IL:

176 single family homes are for sale in Algonquin with an average list price of $350,587 and an average market time of 259 days.

11 homes in Algonquin have closed so far in 2009 with an average list price of $222,364 and an average sales price of $216,655 with an average market time of 109 days. The successful sellers, with the help of thier Realtors have realized an average of 97% of their asking prices in the past month.

15 homes in Algonquin are under contract either 'contingent' or 'pending'.



Lake In The Hills, IL:

30 homes are under contract in Lake In The Hills either 'contingent' or 'pending'.

209 single family homes in Lake In The Hills are for sale with an average market time of 142 days.

9 homes in Lake In The Hills closed so far in 2009 with an average sales price of $204,822 .



Fox River Grove, IL:

4 homes in Fox River Grove are under contract either 'contingent' or 'pending'.

41 single family homes are for sale in Fox River Grove with an average market time of 166 days.

2 homes have closed so far in 2009 in Fox River Grove with an average sales price of $271,950 .



Barrington, IL (McHenry County Areas of Barrington Only):

0 homes in Barrington (McHenry County) are under contract either 'contingent' or 'pending'.

41 homes are for sale in the Barrington areas of McHenry County with an average market time of 199 days.

1 home in the McHenry County areas of Barringon closed so far in 2009 with an average sales price of $400,000.



Huntley, IL:

25 homes in Huntley are under contract either 'contingent' or 'pending'.

224 single family homes are for sale in Huntley with an average market time of 186 days.

4 homes in Huntley closed so far in 2009 with an average sales price of $241,350.



Island Lake, IL:

6 homes in Island Lake are under contract either 'contingent' or 'pending'.

49 homes are for sale in Island Lake with an average market time of 162 days.

0 homes have closed so far in 2009 in Island Lake.



Woodstock / Greenwood / Bull Valley, IL (including some areas of Bull Valley):

21 homes in Woodstock, Bull Valley and Greenwood are currently under contract either 'contingent' or 'pending'.

276 single family homes are for sale in Woodstock, Bull Valley and Greenwood with an average market time of 169 days.

7 homes in Woodstock, Bull Valley and Greenwood have closed so far in 2009 with an average sales price of $251,900.



Wonder Lake, IL:

11 are under contract either 'contingent' or 'pending'.

158 single family homes are for sale in Wonder Lake with an average market time of 288 days.

7 homes in Wonder Lake have closed so far in 2009 with an average sales price of $175,986.



Marengo / Harmony, IL:

8 homes are under contract either 'contingent' or 'pending' in Harmony and Marengo.

116 homes are for sale in Marengo and Harmony, IL with an average market time of 173 days.

3 homes have closed so far in Haermony and Marengo in 2009 with an average sales price of $111,667.



Alden / Harvard / Chemung / Lawrence, IL :

9 single family homes in Harvard, Alden, Chemung and Lawrence are under contract either 'contingent' or 'pending'.

102 homes are for sale in Harvard, Alden, Chemung and Lawrence with an average market time of 202 days.

1 home closed so far in 2009 with an average sales price of $160,000.



Hebron, IL:

2 homes in Hebron are under contract either 'contingent' or 'pending'.

22 are for sale with an average market time of 297 days.

0 closed so far in 2009 with an average closed price of n/a.



Richmond, IL:

2 homes in Richmond are under contract either 'contingent' or 'pending'.

44 single family homes in Historic Richmond are for sale with an average market time of 228 days.

0 homes in Richmond have closed so far in 2009 with an average sales price of n/a.



Solon Mills / Spring Grove, IL:

8 homes in Solon Mills and Spring Grove are under contract either 'contingent' or 'pending'.

106 homes are for sale in Spring Grove and Solon MIlls with an average market time of 154 days.

1 home in Spring Grove/Solon Mills has closed so far in 2009 with an average sales price of $155,400 .



Overall, even though we are seeing some positive changes in our market, we are still experiencing a Buyer's Market Market in Fox River Grove and the in most areas of McHenry County and in most of the surrounding areas of Northern Illinois.

Real estate is on sale in McHenry County, IL!

Rates are great, too!

(Yes, they are still giving loans!)

We are having a "HUGE sale" on our large inventory of VERY well priced HOMES! ;-)








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