MAUREEN BRAND CRS, GRI, SFR, CDPE
Each office Independently owned and operated.
847.477.0029
MaureenBrand@outlook.com www.MaureenBrand.com
1310 N Roselle Road, Schaumburg, IL 60195 847.230.7001
POPLAR CREEK & THE LINKS AT POPLAR CREEK AUGUST 2020 | REAL ESTATE MARKET REPORT
IRENE MARKGRAF SRES, GRI, ABR, SFR
847.951.1749
IreneMarkgraf@outlook.com www.IreneMarkgraf.com Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
CO N TR AC T
PE N DI N G
Visit www.PoplarCreekandTheLinks.com for Community Info and Recent Sales.
POPL A R C R E E K
T HE L INKS A T POPL A R C R E E K Beautiful Cypress Model 1629 Pebble Beach Drive | 2 Beds | 2.5 Baths | 1,867 Est. Sq. Ft. | Listed at $259,900 You'll love the open feeling as you enter the front door! Volume ceilings in living room add to ambiance of the Cypress Model! Living room has floor-to-ceiling brick fireplace with gas logs! Adjacent sun-room is perfect for relaxing with a good book! Well appointed kitchen has all appliances with a pantry and room for a table! Dining room boasts bay window with views to open
area! White six-panel doors throughout! Two master suites on second floor along with a huge loft! Laundry conveniently located on second floor! Full unfinished basement offers great storage! Furnace, central air, and humidifier replaced in 2016! Dryer replaced in 2019! You will appreciate this very clean and well cared for home.
www.PoplarCreekandTheLinks.com PRESENTED BY MAUREEN BRAND & IRENE MARKGRAF YOUR POPLAR CREEK & THE LINKS AT POPLAR CREEK REAL ESTATE SPECIALISTS PREPARED ESPECIALLY FOR
Jonathan-Thomas and Angela-Marie Williams
POPLAR CREEK & THE LINKS AT POPLAR CREEK MARKET REPORT
MAUREEN BRAND CRS, GRI, SFR, CDPE
847.477.0029
MaureenBrand@outlook.com www.MaureenBrand.com
If you are thinking of selling, Maureen
IRENE MARKGRAF
give you pointers for preparing your
Jonathan-Thomas and Angela-Marie, If you’re curious about your home’s current value, whether for future sale, estate planning, or any other reason, call us today at 847.477.0029 or 847.951.1749. Let our marketing go to work for you!
and Irene will be happy to stop by to
SRES, GRI, ABR, SFR
house for sale. Don't make a move
847.951.1749
IreneMarkgraf@outlook.com www.IreneMarkgraf.com
without Maureen and Irene!
HOMES CURRENTLY LISTED
COMPARING 2020 TO 2008
Status Street Name
Subdivision
Property Type
Beds
Total Baths
Est. Sq. Ft.*
List Price
Active
Seaver
Links at Poplar Creek
2 Story
2
2.1
1,400
$259,500
Active
Monterey
Poplar Creek
2 Story
2
2.1
1,600
$250,000
Active
Cypress
Poplar Creek
2 Story
3
2.1
2,300
$285,000
ARE THEY DIFFERENT?
COVID-19 has had a large effect on the economy – so much so that you might have heard talks of our country entering another recession. Due to the severity of the 2008 financial crisis and the ensuing recession, the term stirs up a lot of emotions for many, especially when it comes to the real estate market.
Inventory and Appreciation
Annual Home Price Appreciation
In the years leading up to the housing market crash, home price appreciation (the increase in value of houses) was out of control. Homes simply became too expensive for buyers to afford, which became a contributing factor to the crash. The price of homes is still high today, but it’s risen at a more stable level. Inventory is at a low in most markets, causing a surge in demand.
Then...
Source: Freddie Mac
Source: Black Knight
11.4%
8.5% 8.7%
8.6% 6.5%
4.4%
5.2% 5.5%
6.4% 4.8% 4.7%
Status
Property Type
Beds
Total Baths
Est. Sq. Ft.*
List Price
Under Contract Seaver
Street Name
Links at Poplar Creek
2 Story
3
2.1
1,900
$297,900
Under Contract Seaver
Links at Poplar Creek
2 Story
2
2.2
1,900
$298,000
Under Contract Monterey
Poplar Creek
2 Story
2
2.1
1,600
$214,900
Under Contract Pebble Beach
Poplar Creek
2 Story
2
2.1
1,900
$259,900
Under Contract Cypress
Poplar Creek
2 Story
2
2.1
1,600
$265,000
Now...
Year
Dollars
Year
Dollars
2005
$263B
2017
$71B
2006
$321B
2018
$87B
2007
$240B
2019
$89B
Total
$824B
Total
$247B
Subdivision
Under Contract Monterey
Poplar Creek
2 Story
2
3.0
2,600
$285,000
The 6 Years Leading up to The Housing Crash
The Last 6 Years
Under Contract Pebble Beach
Poplar Creek
2 Story
2
2.1
1,900
$289,500
2000 2001 2002 2003 2004 2005
2014 2015 2016 2017 2018 2019
Under Contract Pebble Beach
Poplar Creek
2 Story
2
2.1
1,900
$289,900
Use of Home Equity
Total Home Equity Cashed Out by Refinance in Billions
12.5%
HOMES UNDER CONTRACT
Prior to the housing crisis, many homeowners were using cash-out refinances to supplement their cash flow, meaning they were tapping into their home’s equity as soon as it built up enough rather than letting it grow and build their overall wealth. This put many homeowners in a negative equity position when the housing bubble burst; they owed more on their home than it was actually worth.
Jonathan-Thomas and Angela-Marie, Now is a great time to sell your home! Interest rates are still extremely low, and we employ a number of ways to keep the selling process safe. If you’re ready to talk about these unique opportunities, call us today at 847.477.0029 or 847.951.1749. Source: www.watersongmortgage.com
HOMES SOLD IN THE LAST 180 DAYS Status
Address
Subdivision
Property Type Beds
Total Baths Est. Sq. Ft. List Price Sold Price Closed Date
Sold
1540 Poplar Creek Drive
Links at Poplar Creek
2 Story
2
2.1
1,862
$325,000 $325,000
07/16/20
Sold
2168 Seaver Lane
Links at Poplar Creek
2 Story
3
3.1
1,750
$299,900 $295,000
06/23/20
Sold
1758 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,604
$294,900 $286,000
07/31/20
Sold
1680 Pebble Beach Drive Poplar Creek
Ranch
2
2.0
N/A
$285,000 $280,000
07/28/20
Sold
1606 Cypress Court
Poplar Creek
2 Story
2
2.1
1,867
$265,000 $260,500
07/24/20
Sold
1700 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,867
$279,900 $275,000
03/17/20
Maureen Brand, Irene Markgraf and RE/MAX Suburban are not in any way affiliated with Poplar Creek or The Links At Poplar Creek Owners Association, nor is this in any way an official advertisement or publication of Poplar Creek or The Links At Poplar Creek. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS between February 7th, 2020 and August 7th, 2020. Listings and sales may not be those of RE/MAX Suburban. The MRED MLS does not guarantee the accuracy of this data, which may not reflect all 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.