MAUREEN BRAND CRS, GRI, SFR, CDPE
Each office Independently owned and operated.
847.477.0029
1310 N Roselle Road, Schaumburg, IL 60195 847.230.7001
MaureenBrand@outlook.com www.MaureenBrand.com
POPLAR CREEK & THE LINKS AT POPLAR CREEK MARCH 2021 | 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 | ©2021
Visit www.PoplarCreekandTheLinks.com for Community Info and Recent Sales. W H Y E X P ERTS B EL I E VE WE A RE NO T F A CI N G A
Real Estate
With home prices increasing, interest rates remaining at record lows, and demands kyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
BUBBLE
BETTER REGULATIONS ON LOANS
NEXT GENERATION INFLUENCE
SUPPLY IS STILL MUCH LOWER THAN DEMAND
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc / no-doc loans by borrowers lacking qualifications.
Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.
EQUITY IS GROWING QUICKLY
BUILDERS CAN’T KEEP UP
PERMANENTLY WORKING FROM HOME
2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
Some home builders have reported a ten-month waiting time for construction, while others are using a lottery system.
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
J ONATH A N A N D A N G EL A - M A R IE, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call us today at 847.477.0029 or 847.951.1749 for a free consultation!
POPL A R C R E E K
T HE L INKS A T POPL A R C R E E K 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
MAUREEN BRAND CRS, GRI, SFR, CDPE
847.477.0029
MaureenBrand@outlook.com www.MaureenBrand.com
IRENE MARKGRAF SRES, GRI, ABR, SFR
847.951.1749
IreneMarkgraf@outlook.com www.IreneMarkgraf.com
The demand for housing is high right now, and the supply remains low which
MARCH 2021 | REAL ESTATE MARKET REPORT
means higher prices. If you are thinking of selling at this time, let us help you get your property ready, and we'll get you the highest possible price.
JONATHAN AND ANGELA-MARIE,
With interest rates remaining low and home prices increasing at a healthy pace, homes in Poplar Creek & The Links at Poplar Creek are in high demand. Your real estate opportunity is here! If you or someone you know is considering buying or selling, call us today at 847.477.0029 or 847.951.1749.
HOMES CURRENTLY LISTED
POPLAR CREEK & THE LINKS AT POPLAR CREEK
There are no homes for sale. Townhomes like yours are in demand right now. Call Maureen 847.477.0029 and Irene 847.951.1749 and find out what your home is worth in today's market.
AT A GLANCE
HOMES UNDER CONTRACT SP/LP %
97%
AVG. PRICE PER SQ. FT.
$154
There is currently 1 home under contract in Poplar Creek & The Links at Poplar Creek.
AVERAGE SOLD PRICE
$271,539
AVG. DAYS ON MARKET
37
HOMES SOLD IN THE LAST 6 MONTHS ACTIVE PENDING SOLD
©2021 Google | This map is a visual representation of the data to the right.
www.PoplarCreekandTheLinks.com
WHAT IS YOUR HOME’S VALUE? FIND OUT NOW WITH A FREE HOME ASSESSMENT.
Status
Address
Subdivision
Sold
2212 Seaver Lane
Links at Poplar Creek
Property Type Beds 2 Story
2
Total Baths Est. Sq. Ft. List Price Sold Price Closed Date 2.1
1,700
$299,000 $305,000
02/19/21
Sold
2273 Seaver Lane
Links at Poplar Creek
2 Story
2
3.1
1,654
$289,900 $275,500
01/26/21
Sold
2232 Seaver Lane
Links at Poplar Creek
2 Story
2
2.1
1,350
$245,000 $237,000
12/31/20
Sold
2249 Seaver Lane
Links at Poplar Creek
2 Story
2
2.2
1,900
$298,000 $291,000
09/28/20
Sold
2227 Seaver Lane
Links at Poplar Creek
2 Story
3
2.1
1,862
$297,900 $288,000
09/01/20
Sold
1789 Monterey Court
Poplar Creek
2 Story
2
2.1
1,867
$274,900 $274,900
02/01/21
Sold
1683 Pebble Beach Drive Poplar Creek
Ranch
2
2.0
1,391
$262,900 $246,000
12/31/20
Sold
1796 Monterey Court
Poplar Creek
2 Story
2
2.1
1,604
$259,900 $245,000
12/10/20
Sold
1743 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,604
$265,000 $260,000
10/19/20
Sold
1800 Monterey Court
Poplar Creek
2 Story
2
3.0
2,599
$285,000 $275,000
10/02/20
Sold
1791 Monterey Court
Poplar Creek
2 Story
3
3.1
2,250
$310,000 $290,000
10/02/20
Sold
1629 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,867
$259,900 $253,500
09/29/20
Sold
1784 Monterey Court
Poplar Creek
2 Story
2
2.1
1,604
$250,000 $245,000
09/18/20
Sold
1608 Cypress Court
Poplar Creek
2 Story
2
2.1
1,604
$265,000 $265,000
09/14/20
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. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the MRED MLS between July 28th, 2020 and February 25th, 2021. 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.