Herman Team is pleased to release the details about his newest listing in Palatine, Illinois

Herman Team is pleased to release the details about his newest listing condo for sale in Palatine, Illinois at 437 N. Smith St.

The village of Palatine is just 30 from the Chicago loop, and 14 miles from O’Hare airport, putting all of the city conveniences at the fingertips of residents, but with a feeling of being “away from it all” due to the small town feel. Palatine is a pleasant mix of residential, commercial, light industrial and office space, surrounded by parks and open spaces to create a tranquil atmosphere.

Recreation and leisure activities are prevalent in Palatine, and there are many community groups and neighborhood associations keeping a sense of old fashioned neighborliness. Coupled with award winning schools, Palatine is a very desirable place to live.

Palatine has a population of 38,059, with 15,566 households. There is an almost even mix of male/female population and 59% of the residents are married. Almost 5000 of the homes have children and the median age is 33.72.

The median price for home for sale in Palatine is 259,259, and residents are stable, showing that over 35% of residents have been in their homes 5 or more years. The majority of residents own homes, at 73%, while 21% rent. There is a low vacancy rate of 6%

The workforce is made up of 78% white collar and 22% blue collar with leading industries being services, retail, manufacturing, and finance/real estate/insurance. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.The average household income is $118,942. Most people drive to work (89%), while some take advantage of the public transportation available, which includes all of the major transit systems: Pace, CTA, RTA and Metra.

Palatine has award-winning schools in districts 15 and 211. Children in this home would attend Greg M. Sanborn Elementary (15), Walter R Sundling Jr. High and Palatine High School (15).

There is a large parks department featuring over 30 parks offering everything from softball, volleyball, trails, biking, disc golf, a dog park, tennis, skating and more.Palatine is a perfect place to have all of the benefits of the city, yet live in a small town with many local festivals and events to keep the community spirit alive.

This vintage bungalow is completely transformed with refinished hardwood floors on the main level, neutral colors with white trim, new lighting, a charming enclosed front porch, a kitchen with separate eating area and breakfast bar and desk. There is a spacious living and dining room, custom built-ins in the bedrooms, and a private deck and fenced backyard with a large 1.5 car garage. There was a new boiler put in in 2013, a near tear-off roof in 2011. All appliances included, zoned air conditioning, hot water heat. Finished basement. Priced at $279900.

Listed by Michael Kurowski and co-listed by John Herman. Call Herman Team at 847-847-4711 today for a personal tour.

John Herman Announces New Listing in Palatine, Illinois

John Herman is pleased to release the details about his newest listing for sale in Palatine, Illinois at 437 N. Smith St.

The village of Palatine is just 30 from the Chicago loop, and 14 miles from O’Hare airport, putting all of the city conveniences at the fingertips of residents, but with a feeling of being “away from it all” due to the small town feel. Palatine is a pleasant mix of residential, commercial, light industrial and office space, surrounded by parks and open spaces to create a tranquil atmosphere.

Recreation and leisure activities are prevalent in Palatine, and there are many community groups and neighborhood associations keeping a sense of old fashioned neighborliness. Coupled with award winning schools, Palatine is a very desirable place to live.

Palatine has a population of 38,059, with 15,566 households. There is an almost even mix of male/female population and 59% of the residents are married. Almost 5000 of the homes have children and the median age is 33.72.

The median home sale price in Palatine is 259,259, and residents are stable, showing that over 35% of residents have been in their homes 5 or more years. The majority of residents own homes, at 73%, while 21% rent. There is a low vacancy rate of 6%

The workforce is made up of 78% white collar and 22% blue collar with leading industries being services, retail, manufacturing, and finance/real estate/insurance. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.

The average household income is $118,942. Most people drive to work (89%), while some take advantage of the public transportation available, which includes all of the major transit systems: Pace, CTA, RTA and Metra.

Palatine has award-winning schools in districts 15 and 211. Children in this home would attend Greg M. Sanborn Elementary (15), Walter R Sundling Jr. High and Palatine High School (15).There is a large parks department featuring over 30 parks offering everything from softball, volleyball, trails, biking, disc golf, a dog park, tennis, skating and more.Palatine is a perfect place to have all of the benefits of the city, yet live in a small town with many local festivals and events to keep the community spirit alive.

This vintage bungalow is completely transformed with refinished hardwood floors on the main level, neutral colors with white trim, new lighting, a charming enclosed front porch, a kitchen with separate eating area and breakfast bar and desk. There is a spacious living and dining room, custom built-ins in the bedrooms, and a private deck and fenced backyard with a large 1.5 car garage. There was a new boiler put in in 2013, a near tear-off roof in 2011. All appliances included, zoned air conditioning, hot water heat. Finished basement. Priced at $279900. Listed by Michael Kurowski and co-listed by John Herman . Call John Herman at 847-847-4711 today for a personal tour.

John Herman Announces New Listing for of Condo for Rent in Schaumburg, Illinois

John Herman is pleased to release the details about his newest listing for a lovely condo for rent in Schaumburg, Illinois at 2833 Belle Ln, in the Town Place West Condo neighborhood. This condo comes with carefree maintenance, and is in the 46 school area.

The village of Schaumburg, is just 28 miles from the Chicago loop, and 10 miles from O’Hare airport. It is considered to be part of the “Golden Corridor” an area of preferred places to live near Chicago, and because of the strong economical climate the area fosters. It is home to the 11th largest mall in the US, Woodfield, and features an Ikea store, only one of 2 in Illinois.

There is plenty of activity, with a Frontier League baseball team, the Schaumburg Boomers, local theater, many festivals and events. Schaumburg has a population of 38,799 with 15,509 households. There is an almost even mix of male/female population and 57% of the residents are married. Over 5000 of the homes have children and the median age is 34.1.

The median home sale price in Schaumburg is $164,000, and residents are stable, showing that over 38% of residents have been in their homes 5 or more years. The majority of residents own homes, at 81%, while 16% rent. There is a low vacancy rate of 4%

The workforce is made up of 72% white collar and 28% blue collar with leading industries being services, retail, manufacturing, and finance/real estate/insurance. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.The average household income is $88,077. Most people drive to work (92%), while some take advantage of the public transportation available, which includes all of the major transit systems: Pace, RTA, Metra and several local programs.

Schaumburg has award-winning schools in districts 54, 211 and 46. There are several elementary, junior and high schools, as well as many private schools to choose from.There is a large parks department featuring over 30 parks offering everything from softball, volleyball, trails, biking, disc golf, a dog park, tennis, skating and Olympic Park, a 72 acre complex offering soccer and softball fields as well as many other amenities.

This condo features 2 bedrooms and 2 ½ baths, and is 1500 square feet. It has a convenient 2 car attached garage. The lovely landscaped grounds are maintained for the condo owner, as well as snow removal and exterior maintenance. This is the rare Pembrook model, with a first floor master suite. There is a dramatic living and dining room with cathedral ceiling and skylights. It features, a floor to ceiling brick fireplace with oak mantle and an upgraded kitchen with ceramic tile floor. There is a cozy loft and huge bonus room for storage. It’s immaculate throughout and will make a great home. Priced at $1850 per month, and pets welcome.

Call John Herman at 847-847-4711 today for a personal tour.

John Herman Announces New Listing for Single-Family Home in Palatine, Illinois

John Herman is pleased to release the details about his newest listing for a lovely condo for sale in Palatine, Illinois at 55 N Middleton Ave. in the Chestnut Woods subdivision. This condo comes with carefree maintenance, and is in the William Fred High School area!

The village of Palatine is just 30 from the Chicago loop, and 14 miles from O’Hare airport, putting all of the city conveniences at the fingertips of residents, but with a feeling of being “away from it all” due to the small town feel. Palatine is a pleasant mix of residential, commercial, light industrial and office space, surrounded by parks and open spaces to create a tranquil atmosphere.

Recreation and leisure activities are prevalent in Palatine, and there are many community groups and neighborhood associations keeping a sense of old fashioned neighborliness. Coupled with award winning schools, Palatine is a very desirable place to live.

Palatine has a population of 38,059, with 15,566 households. There is an almost even mix of male/female population and 59% of the residents are married. Almost 5000 of the homes have children and the median age is 33.72.

The median home sale price in Palatine is 259,259, and residents are stable, showing that over 35% of residents have been in their homes 5 or more years. The majority of residents own homes, at 73%, while 21% rent. There is a low vacancy rate of 6%

The workforce is made up of 78% white collar and 22% blue collar with leading industries being services, retail, manufacturing, and finance/real estate/insurance. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.

The average household income is $118,942. Most people drive to work (89%), while some take advantage of the public transportation available, which includes all of the major transit systems: Pace, CTA, RTA and Metra.

Palatine has award-winning schools in districts 15 and 211. Children in this home would attend Stuart R Paddock Elementary, Walter R Sundling Jr. High and William Fremd High School.

There is a large parks department featuring over 30 parks offering everything from softball, volleyball, trails, biking, disc golf, a dog park, tennis, skating and more.

Palatine is a perfect place to have all of the benefits of the city, yet live in a small town with many local festivals and events to keep the community spirit alive.

This condo features 3 bedrooms and 2 ½ baths, and is a spacious 2250 square feet. It has a convenient 2 car attached garage and is a quiet end unit. The lovely landscaped grounds are maintained for the condo owner, as well as snow removal and exterior maintenance. A kitchen with granite features an awesome island for entertaining and cooking. Everything is roomy with 9 foot ceilings and large room sizes. In addition to a 17 x 14 master suite, featuring his and her closets, a sitting area and large bath, there is a second bedroom with private bath as well. It is close to schools, parks, shopping and the train. It is priced at $324900.

Call John Herman at 847-847-4711 today for a personal tour.

November 2013 Real Estate Performance Review for Palatine, Illinois by the John Herman Team

The John Herman team has analyzed the monthly real estate states for Palatine, Illinois and the conclusion is that more homes are needed to satisfy demand. Every category points to a strong market for sellers, and that buyers are quickly purchasing the homes that appeal to them.

The most supportive statistic is the average days on the market from November 2012 to November 2013, which is down from 199 to 60 in attached homes, (a 69.8% decrease) and from 113 to 87 days for detached properties in Palatine, a 23.5% decrease.This is also evident by the number of homes on the market, which is also down from November 2013 to November 2012. During that period there were 300 attached homes for sale in 2012 and just 145 in November 2013, a 51.7% decrease in inventory. Likewise, there were 213 detached homes for sale in November 2012 and 166 in November 2013, a decrease of 22.1%.

Also coinciding were stats on months of supply which is way down in both detached and attached homes. In November 2012 there was 5.9 months supply of attached single-family properties, and in November 2013 there were just enough homes on the market to last 2.3 months. That is a 60.4% decrease. For detached houses in Palatine, there was 6.4 months supply in November 2012, and just a 3.5% supply in November 2013, a 46% decrease.Buyers are also paying more for homes, with prices on the increase in both attached and detached Palatine properties. The average price of an attached single-family property went up from $75000 in November 2012 to $88625 in November 2013, a 18.2% increase. Detached homes saw an even larger proportional increase, going from $246500 in November 2012 to $325000 in November 2013, a 31.8% increase.

Closed sales for the November period were down for attached homes from 53 in 2012 to 44 in November 2013, a 17% decrease. However, there was a 38.7% increase in detached properties.Finally, the number of new listings taken, was down a bit for attached homes, fro 69 taken in November 2012 and 58 listed in November 2013, a 15.9% decrease. New listings were flat for detached homes, with 43 taken in November 2012 and 44 taken in November 2014.