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 NOVEMBER 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
Visit www.PoplarCreekandTheLinks.com for Community Info and Recent Sales.
THE MARKET IS ABNORMALLY HOT Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.
WHY IS HOMEBUYING TAKING OFF NOW?
HOW THE PANDEMIC SHAPED THE MARKET
Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?
Experts agree; the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?
Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors. Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.
POPL A R C R E E K
Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city. “After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for single-family detached homes,” says Cheryl Young, senior economist at Zillow. Regardless of where you live, extra space is commanding buyer interest.
“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.” —Danielle Hale, Realtor.com Economist by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff.
Jonathan-Thomas and Angela-Marie, This is the perfect time of year to take advantage of the unique market and historic conditions; don’t miss this opportunity! Call us today at 847.477.0029 or 847.951.1749 to receive a personal market analysis.
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 MARKET REPORT
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
If you are thinking of selling, Maureen
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 give you pointers for preparing your house for sale. Don't make a move
HOMES CURRENTLY LISTED
without Maureen and Irene! Status
Street Name
Subdivision
Property Type
Beds
Total Baths
Est. Sq. Ft.*
List Price
Active
Seaver Lane
Links at Poplar Creek
2 Story
2
3.1
1,700
$289,900
Active
Monterey Court
Poplar Creek
2 Story
2
2.1
1,900
$274,900
HOMES UNDER CONTRACT Status
Property Type
Beds
Total Baths
Est. Sq. Ft.*
List Price
Under Contract Seaver Lane
Street Name
Subdivision
Links at Poplar Creek
2 Story
2
2.1
1,400
$245,000
Under Contract Monterey Court
Poplar Creek
2 Story
2
2.1
1,600
$259,900
HOMES SOLD IN THE LAST 180 DAYS We take pride in representing our community and protecting its home values. We look forward to another year as your trusted local resource for any of your real estate needs!
Active
Pending
Sold
A visual representation of the MLS data on the right page.
©2020 GOOGLE
Status
Address
Subdivision
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
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
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
Sold
1623 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,867
$289,500 $280,000
08/28/20
Sold
1650 Pebble Beach Drive Poplar Creek
2 Story
2
2.1
1,867
$289,900 $283,000
08/14/20
Sold
1787 Monterey Court
Poplar Creek
2 Story
2
2.1
1,640
$214,900 $210,000
08/12/20
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
2 Story
2
2.1
1,867
$265,000 $260,500
07/24/20
Poplar Creek
Property Type Beds
Total Baths Est. Sq. Ft. List Price Sold Price Closed Date
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 May 5th, 2020 and November 5th, 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.