DECEMBER 1 – DECEMBER 31, 2014: SOLD & RENTAL DATA FOR VERNON HILLS/INDIAN CREEK, Il.

VERNON HILLS/INDIAN CREEK, ILLINOIS
....................................Units…...DAYS on MARKET…….Median Sold $..........TOTAL SOLD
Condos/Townhomes.......20....................63.…….....................$113,500.................$3,138,218
Single Family…..............10....................56..............................$337,000….............$3,436,600

RENTALS:…............Units....... DAYS on MARKET…….Median Rental $........ VOLUME
.........................................8...................45........……...…........$1,563…...……......$12,620
Data provided by 2014 MRED, LLC, not Guaranteed. Fair Housing Compliant.

I hope everyone had an enjoyable Holiday Season! The December Real Estate market had a slow down due to the Holidays. The good news, interest rates for conforming Mortgages ($417,000 and under), hover around 3.75%. When purchasing a home, there are 2 important requirements a Buyer should complete; #1: A spread sheet of income and versus debt. This includes daily transportation, phone, gas, electric, groceries, entertainment, insurance costs, etc. It will give a Buyer a good estimate of how much one can afford for a monthly mortgage payment. The 2nd most important item is obtain a Pre-approval from your Lender.

If you are thinking about selling or buying a home in the North Suburbs of Chicago, please contact me:
PAM DEVENDORF, REALTOR at Coldwell Banker. Direct: (847) 681-4143, pam.devendorf@cbexchange.com