John Herman Announces New Listing for Lovely Home in Schaumburg, Illinois

A lovely 2-story home with 3 car garage in Schaumburg, Illinois at 860 Morningside Dr.in the Morningside neighborhood.

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.

The 60173 zip code, where this property is located has a population of 12096. There are 5801 homes with over 1000 with children. The median age is 36.05. There is an even mix of male/female population and 54% of the residents are married. The median home sale price in Schaumburg is $141000, and 20% of residents have been in their homes 5 or more years. There are 51% of the population renting, while 38% own and 11% are vacant.

The workforce is made up of 78% white collar and 22% blue collar with leading industries being retail, manufacturing, and services. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.The average household income is $92584. Most people drive to work (90%), 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. Residents at this property would attend Fairview Elementary (54), and JB Conant High School (211).

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 home was built in 1998 and is a spacious 3455 square feet. There are large open, airy rooms, 4 bedrooms, 3 full baths, fireplace, and a full basement. A 3 car garage is a plus for storage or multiple vehicles. Priced at $599,900.Call

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

John Herman Announces New Listing for Lovely Home in Schaumburg, Illinois

A lovely 2-story home with 3 car garage in Schaumburg, Illinois at 860 Morningside Dr.in the Morningside neighborhood.

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.

The 60173 zip code, where this property is located has a population of 12096. There are 5801 homes with over 1000 with children. The median age is 36.05. There is an even mix of male/female population and 54% of the residents are married. The median home sale price in Schaumburg is $141000, and 20% of residents have been in their homes 5 or more years. There are 51% of the population renting, while 38% own and 11% are vacant.

The workforce is made up of 78% white collar and 22% blue collar with leading industries being retail, manufacturing, and services. Other job base includes agriculture, construction, transportation and communication, finance, insurance and real estate, and public administration.The average household income is $92584. Most people drive to work (90%), 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. Residents at this property would attend Fairview Elementary (54), and JB Conant High School (211).

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 home was built in 1998 and is a spacious 3455 square feet. There are large open, airy rooms, 4 bedrooms, 3 full baths, fireplace, and a full basement. A 3 car garage is a plus for storage or multiple vehicles. Priced at $599,900.Call

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

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

The John Herman team has analyzed the monthly real estate in Schaumburg, Illinois and sellers are enjoying greater success over a year ago, according to the numbers for November 2013.

If no new homes came on the market, there are only enough homes to sustain the local market in attached homes for 2 months and for detached homes for 3 months. This is significantly down from November 2012 when there was a 5 month supply of attached homes and 4.1 months supply of detached homes. These are increases of 59.2% and 27.4% respectively.

There are more homes coming on the market though, with 63 new listings in single family attached homes in Schaumburg and 27 new single family detached homes being added to inventory. This is pretty flat for attached homes as there were 66 listed in November 2012. This is a 4.5% decrease. The margin was even smaller compared with November 2012 for detached single family homes, when 24 were listed. That’s a 12.5% increase in listings taken.

There were 135 attached single family homes in Schaumburg for sale in November 2013, compared with 272 in November 2012, a 50.4% decrease. In detached single family homes there were 130 for sale in and 106 for sale in November 2013, an 18.5% decrease.Prices were up for Schaumburg real estate. Attached home prices went up from $96000 in November 2012 to $117000 in November 2013, a 21.9% increase. In detached homes, there was a 30.2% increase in prices, from $230000 in November 2012 to $299.500 in November 2013.
The number of homes sold was almost even from November 2012 to November 2013. In attached homes there were 51 sold in November 2012 and 53 sold in November 2013. In detached homes there were 29 sold in November 2012 and 30 sold in November 2013.