Streamwood, Il. 60107 Appraisers, Real Estate Appraisal

Streamwood, Illinois 60107

The village of Streamwood is located approximately 37 miles northwest of the Chicago "Loop" in suburban Cook County. As of the 2000 census, the village had a total population of 36,407.

Streamwood is bordered by Cook County Forest Preserves to the north, Schaumburg & Hanover Park to the east, Bartlett & Hanover Park to the south and Elgin to the west. O'Hare International Airport is approximately 15 miles from the village.

According to data from the Northern Illinois MLS there were 328 sales of single family homes in 2007, down from 480 in 2006. The average sales price was $259,703.00, this was a decrease from $277,781.00 in 2006. Marketing times were an average of 116 days on the market, up from the 2006 average of 75 days.

As of February 9, 2008 there are 263 active listings of single family detached homes in the MLS. At the 2007 level of absorption this is 18.37 months of unsold available inventory. A 3-4 months supply of inventory is considered "in balance", this level is an oversupply.

To recap 2007 for detached homes, sales volume was down -31.66%, average sales prices were down -6.50%, and the days on the market were up +54.66%. This market is oversupplied and the 263 active listings have already been on the market an average of 166 days.

The condo/townhouse market had 260 sales, down from the 382 properties that sold in 2006. Sales prices saw a decrease with the average 2007 sales price at $195,171.00, compared to $212,489.00 in 2006. Marketing times were an average of 98 days on the market, an increase from the 2006 average of 65 days.

There are 204 active listings of attached homes in the MLS. Based on the 2007 level of absorption this is 9.41 months of unsold inventory.

The condo/townhouse market is over supplied, sales volume was down -31.93%, average sales price decreased -8.15%, and the days on the market increased +50.76%. The 204 active MLS listings have already been on the market an average of 142 days.

If you have an active listing or need to sell in 2008 now is the time to get an appraisal. The market has changed and only the most competitively priced homes will be selling soon.

Make sure that your listing is competitive, get a current appraisal. Complete appraisals of single family homes and condominiums start at $275.00. this is a small price to pay for knowledge that will help you position your house to sell in the current market.

Citywide Services provides residential appraisal service in Streamwood, Il. 60107. Our appraisers are state certified and have experience with single family homes, town houses, condominiums as well as small residential income properties. When you need to find an appraiser in Cook County contact Citywide.

To order an appraisal or to speak with an appraiser call 1-800-405-9718

Streamwood Website

Geographic Area: Streamwood, Cook County Illinois 60107

Subject	Number	Percent	Subject	Number	Percent

Total housing units	12,117	100.0	OCCUPANTS PER ROOM
UNITS IN STRUCTURE			Occupied housing units	11,875	100.0
1-unit, detached	8,368	69.1	1.00 or less	11,152	93.9
1-unit, attached	2,761	22.8	1.01 to 1.50	463	3.9
2 units	56	0.5	1.51 or more	260	2.2
3 or 4 units	289	2.4
5 to 9 units	312	2.6	Specified owner-occupied units	9,964	100.0
10 to 19 units	11	0.1	VALUE
20 or more units	316	2.6	Less than $50,000	15	0.2
Mobile home	4	0.0	$50,000 to $99,999	567	5.7
Boat, RV, van, etc.	0	0.0	$100,000 to $149,999	5,223	52.4
			$150,000 to $199,000	2,919	29.3
YEAR STRUCTURE BUILT			$200,000 to $299,999	1,146	11.5
1999 to March 2000	275	2.3	$300,000 to $499,999	87	0.9
1995 to 1998	726	6.0	$500,000 to $999,999	7	0.1
1990 to 1994	1,729	14.3	$1,000,000 or more	0	0.0
1980 to 1989	3,060	25.3	Median (dollars)	143,300	(X)
1970 to 1979	2,501	20.6
1960 to 1969	2,689	22.2	MORTGAGE STATUS AND SELECTED
1940 to 1959	964	8.0	MONTHLY OWNER COSTS
1939 or earlier	173	1.4	With a mortgage	8,700	87.3
			Less than $300	11	0.1
ROOMS			$300 to $499	60	0.6
1 room	3	0.0	$500 to $699	288	2.9
2 rooms	128	1.1	$700 to $999	1,281	12.9
3 rooms	542	4.5	$1,000 to $1,499	4,368	43.8
4 rooms	1,109	9.2	$1,500 to $1,999	2,110	21.2
5 rooms	2,886	23.8	$2,000 or more	582	5.8
6 rooms	3,290	27.2	Median (dollars)	1,300	(X)
7 rooms	2,126	17.5	Not mortgaged	1,264	12.7
8 rooms	1,355	11.2	Median (dollars)	370	(X)
9 or more rooms	678	5.6
Median (rooms)	5.9	(X)	SELECTED MONTHLY OWNER COSTS
			AS A PERCENTAGE OF HOUSEHOLD
Occupied Housing Units	11,875	100.0	INCOME IN 1999
YEAR HOUSEHOLDER MOVED INTO UNIT			Less than 15 percent	2,405	24.1
1999 to March 2000	1,933	16.3	15 to 19 percent	1,859	18.7
1995 to 1998	4,106	34.6	20 to 24 percent	1,807	18.1
1990 to 1994	2,234	18.8	25 to 29 percent	1,364	13.7
1980 to 1989	1,923	16.2	30 to 34 percent	925	9.3
1970 to 1979	1,019	8.6	35 percent or more	1,562	15.7
1969 or earlier	660	5.6	Not computed	42	0.4

VEHICLES AVAILABLE			Specified renter-occupied units	1,364	100.0
None	219	1.8	GROSS RENT
1	3,176	26.7	Less than $200	10	0.7
2	6,066	51.1	$200 to $299	15	1.1
3 or more	2,414	20.3	$300 to $499	7	0.5
			$500 to $749	264	19.4
HOUSE HEATING FUEL			$750 to $999	306	22.4
Utility Gas	11,291	95.1	$1,000 to $1,499	619	45.4
Bottled, Tank, or LP gas	27	0.2	$1,500 or more	106	7.8
Electricity	458	3.9	No cash rent	37	2.7
Fuel oil, kerosene, etc.	59	0.5	Median (dollars)	1,040	(X)
Coal or coke	0	0.0
Wood	5	0.0	GROSS RENT AS A PERCENTAGE OF
Solar energy	0	0.0	HOUSEHOLD INCOME IN 1999
Other fuel	4	0.0	Less than 15 percent	200	14.7
No fuel used	31	0.3	15 to 19 percent	278	20.4
			20 to 24 percent	221	16.2
SELECTED CHARACTERISTICS			25 to 29 percent	84	6.2
Lacking complete plumbing facilities	39	0.3	30 to 34 percent	139	10.2
Lacking complete kitchen facilities	36	0.3	35 percent or more	381	27.9
No telephone service	55	0.5	Not computed	61	4.5

-Represent zero or rounds to zero. (X) Not applicable.
Source: U.S. Bureau of the Census, Census 2000.

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