Lake Zurich Area Real Estate Including Kildeer, Hawthorn Woods and Long Grove: Weekly Market Snapshot – February 28th 2011
This is the last report for this week and is a little late as I am plagued by our Internet service going on and off today. Rather than do a separate report for each of the 60047 areas, I have only done one to cover all four areas: Lake Zurich, Kildeer, Hawthorn Woods and Long Grove. It gives you a clearer overall picture with enough data to see some trends.
Lake Zurich is likely to have the most of these listings and sales as it has a bigger population that the other three smaller villages. It offers home buyers mostly single family homes at the lower end of the market whereas the other three have a higher median price range.
So the median price of a home in Lake Zurich is $259,000. The median price for the other three combined, because they have similar priced homes, is $616,000.
Oh by the way, Median means middle, not average. If you had 5 numbers and let's say they are 4, 6, 7, 7 and 90. The median is 7, the one in the middle, the average would be 23. We use median to give you an idea of what the middle house will cost you. From this example you can see why we don't use average.
So the median price of a home in Lake Zurich is $259,000. The median price for the other three combined, because they have similar priced homes, is $616,000.
The photo behind my chart is of Concord Village. You can search my Lake Zurich web site for homes in Concord Village and the rest of 60047.
Contact:
Royal Advocate Realty
Info@CorinneGuest.com
(847) 363-3686
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Copyright 2011 Corinne Guest All Rights Reserved * Lake Zurich Area Real Estate Including Kildeer, Hawthorn Woods and Long Grove: Weekly Market Snapshot – February 28th 2011 *
Corinne Guest
Realtor & Managing Broker
Royal Advocate Realty, Barrington
Call today 847-363-3686 for real estate and relocation service.
Suburban Real Estate - Lake Zurich, Hawthorn Woods, Kildeer, Long Grove
