Each office Independently owned and operated.
1808 N. Arlington Heights Road Arlington Heights, IL 60004 remaxsuburban.com
GREG OLSON
DOWNTOWN PALATINE’S
CPA | SFR | Managing Broker 847.977.7024 GregOlsonRealEstate@gmail.com DowntownPalatineHomes.com
FINEST CONDOS & TOWNHOMES www.DowntownPalatineHomes.com
Living, Loving, and Promoting Our Community’s Value Since 2004 Published by Real Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2021
Visit DowntownPalatineHomes.com for community info, listings, and recent sales.
EXPERIENCE AND NEIGHBORHOOD KNOWLEDGE ARE CRITICAL IN THIS EVER-CHANGING MARKET Working with an Expert Downtown Palatine Agent Will Help You Avoid Costly Mistakes
Although the market is beginning to change, homeowners are still selling for over asking price, quickly, and with bidding wars. You might be under the impression that hiring a REALTOR® is a waste of time and money. However, in order to beat other offers, buyers are resorting to treacherous tactics to eliminate delays.
OCTOBER 2021 REAL ESTATE MARKET REPORT
WAIVING HOME INSPECTIONS This might seem like a great idea to save time and money and potentially sneak through smaller issues the buyer may not notice. This could cause unforeseen speed bumps, leading to a loss in time and money. WAIVING APPRAISAL CONTINGENCY More homebuyers are waiving the appraisal contingency to make their offer more attractive. While cash offers aren’t affected by this, there could be huge repercussions with buyers looking to finance their purchase. THE RACE TO CLOSE Buyers want their deal to close as quickly as possible to beat out other potentially higher offers. A race to the finish line could impact your post-sale timeline. As an experienced REALTOR®, I know how dangerous these pitfalls are, and my experience can help prevent costly mistakes. My goal is to help you maximize the selling price of your home as well as ensure your transaction is the safest and most secure possible.
PRESENTED BY GREG OLSON Downtown Palatine Homeowner, If you’ve been thinking of selling in this historic market and want to know more about how I can help you navigate through these challenges, call me today at 847.977.7024. Let’s discuss how I can make your Downtown Palatine home sale a success!
YO U R D O W N TO W N PA L AT I N E N E I G H B O R AND REAL ESTATE SPECIALIST PREPARED ESPECIALLY FOR Downtown Palatine Homeowner
GREG OLSON
"Greg is the best real estate professional! He is honest, professional, and knowledgeable. He is quick in his responses and gives the best advice. Greg helped us to buy and sell our property and made it possible to do so remotely while we were in another state."
CPA | SFR | Managing Broker
847.977.7024
GregOlsonRealEstate@gmail.com
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES REAL ESTATE MARKET REPORT The Benchmark • The Brownstones • The Groves of Palatine • Palatine Station • The Preserve • Stratford Downtown
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES CURRENTLY LISTED Status
Subdivision
Street Name
Type
Beds
Baths
Estimated Square Feet*
List Price
Active
Benchmark
W Johnson Street
Active
Benchmark
W Palatine Road
Condo
1
1.1
1,200
$189,000
Condo
1
1.1
1,100
$250,000
Active
Benchmark
Active
Palatine Station
W Johnson Street
Condo
2
2.0
1,400
$279,900
N Maple Street
Townhouse
2
2.1
1,800
Active
$359,900
Palatine Station
W Wood Street
Townhouse
2
3.1
1,800
$379,000
Active
The Preserve
W Wood Street
Condo
1
1.0
1,200
$225,000
Active
The Preserve
W Wood Street
Condo
2
2.0
1,800
$349,900
Active
The Preserve
W Wood Street
Condo
2
2.0
1,400
$290,000
DOWNTOWN PALATINE AT A G L A N C E Active Pending Sold
Average Active List Price: $290,338 Average Sold Price: $305,200 Average Days on Market: 54 Map is a visual representation of data on the left.
©2021 Google
There are 5 homes currently pending in Downtown Palatine. For more information, call me today at 847.977.7024.
DOWNTOWN PALATINE’S FINEST CONDOS & TOWNHOMES RECENTLY SOLD Status
Subdivision
Address
Type
Sold
Benchmark
132 W Johnson Street #106
Sold
Benchmark
Sold
Benchmark
Sold
The Messina-Wallace Team is committed to providing you the highest quality financial solution that is specifically tailored to meet your financial needs. Whether you are purchasing the home of your dreams, or refinancing an outstanding loan, we can help you find the right program.
PRODUCTS OFFERED: Conventional, FHA, VA, Jumbo, USDA, and IHDA
Beds
Baths
Estimated Square Feet*
List Price
Sold Price
Sold Date
Condo
1
1.1
1,200
$229,900
$225,000
09/16/21
133 W Palatine Road #106A
Condo
2
2.0
1,500
$309,900
$309,900
08/10/21
133 W Palatine Road #109A
Condo
1
1.1
900
$205,000
$202,500
06/16/21
The Groves of Palatine
476 W Wood Street #4
Condo
2
2.1
2,200
$350,000
$330,000
09/10/21
Sold
The Groves of Palatine
336 W Wood Street
Townhouse
3
3.1
2,100
$345,000
$340,000
06/30/21
Sold
Palatine Station
203 W Wood Street
Townhouse
2
2.2
N/A
$349,900
$342,000
09/08/21
C: 847.951.1697
Sold
Palatine Station
128 N Rose Street
Townhouse
2
2.1
1,600
$324,900
$329,900
08/20/21
pmessina@myccmortgage.com
Sold
The Preserve
455 W Wood Street #308
Condo
2
2.0
N/A
$309,000
$300,000
08/17/21
C: 708.525.5953
Sold
The Preserve
435 W Wood Street #308
Condo
2
2.0
1,700
$350,000
$345,000
08/03/21
Chris.Wallace@myccmortgage.com
Sold
The Preserve
435 W Wood Street #210A
Condo
2
2.1
1,700
$349,900
$343,000
07/13/21
Sold
The Preserve
455 W Wood Street #506
Condo
2
2.0
1,400
$335,000
$335,000
06/30/21
Sold
The Stratford of Palatine
190 W Johnson Street #206
Condo
2
2.0
1,600
$319,900
$315,500
08/05/21
Sold
The Stratford of Palatine
190 W Johnson Street #504
Condo
2
2.0
1,400
$295,000
$285,000
06/24/21
Sold
Wilson Street Homes
228 W Wilson Street #D
Townhouse
3
2.1
1,800
$285,000
$270,000
07/28/21
Greg Olson and RE/MAX Suburban are not in any way affiliated with Downtown Palatine Owners Association, nor is this in any way an official advertisement or publication of Downtown Palatine. ©2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS for June 16th, 2021 to September 17th, 2021. Listings and sales may not be those of RE/MAX Suburban. MRED MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Square feet rounded down to nearest hundred. Call today for full details.
Purchase or Refinance
Pasquale Pete Messina NMLS: 227000
Chris Wallace NMLS: 224090
PROUD SPONSORS OF CMN
Recognized 2017 Miracle Makers
Cross Country Mortgage | 330 E. Northwest Highway, Mount Prospect, IL 60056 | NMLS: 874123