Hanover Park Village Profile

Hanover Park's roots as a settlement reach back into the 19th century, but our growth into a community of nearly 12,000 families really started in the 1950's. 30 miles northwest of Chicago. Scores of new homes rose on former farm sites and prairie 30 miles northwest of Chicago.

Today, Hanover Park boasts the youngest residents of any Chicago northwest suburb, with a median resident age of 29.7. The spirit and energy of youth is visible throughout the community. Hanover Park is a family community with plenty of neighborhood sports teams and activities available for young families. Hanover Park neighborhoods are filled with children.

Hanover Park is conveniently located 17 miles from O’Hare International Airport and is 45 minutes from downtown Chicago via the Metra West Line. Hundreds of commuters board Metra commuter trains each weekday at the bustling Hanover Park commuter station, which has seen the fastest growth of any West Line station.

Golf courses, country clubs, recreational complexes, theaters, and semiprofessional sports abound in neighboring communities. Entertainment opportunities in the Chicago metro area include professional sports, museums, opera, art exhibits, symphony, and theatre.

Hanover Park’s School Districts are well known for providing quality education to area students and preparing them for the challenges of the future. Hanover Park is served by seven K-12 school districts. Local continuing education opportunities are provided by three area colleges. Renowned Chicago colleges and universities are within commuting distance.

Keeneyville Elementary School District 20
School District U-46
School District 54
School District 87
Consolidated School District 93
Lake Park High School District 108
Township High School District 211

Private School Directory

Mallard Lake Forest Preserve The south side of Hanover Park is surrounded by a large portion of the DuPage County Forest Preserve District. To the east of County Farm Road, Mallard Lake Forest Preserve offers fishing piers, a reservable shelter, a dog exercise area, parking, and a bike path. There are great wildlife observation opportunities at Mallard Lake including meadowlarks, great-horned owls, red-tailed hawks, and kestrels.

Hawk Hollow Forest Preserve Soon the Hawk Hollow Forest Preserve, which lies to the west of County Farm Road, will be connected to the Mallard Lake Forest Preserve via a bike path. Hawk Hollow is comprised of 1,166 largely-undeveloped acres. Hawk Hollow offers great views of the West Branch of the DuPage River Valley. The river meanders through Hawk Hollow from north to south. Hawk Hollow is home to 530 plant species including wild bergamot, prairie sunflowers, wild geranium, and white, bur, red, and black oak trees. Hawk Hollow is also home to 132 different animal species including several which are endangered or threatened; black-crowned night heron, great blue heron, red-tailed hawk, redheaded woodpeckers, mink, raccoon, coyote, dear, and beaver to name a few!

An exciting aspect of living in Hanover Park is the beautiful natural surroundings of the community. Recreational and open space abound. The outdoors can best be enjoyed with family, friends, and neighbors at one of Hanover Park’s many parks!

Complete Community Directory for Hanover Park

Lyn Sims (847)230-7324 at RE/MAX Suburban

The 'Blog Dog' knows Hanover Park!

I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Hanover Park, Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Hanover Park IL Village Profile©2008 Lyn Sims and the Blog Dog

EVERY REAL ESTATE MARKET IS LOCAL.  ASK A SEASONED REALTOR, LIKE LYN SIMS, WHAT'S GOING ON LOCALLY!

What if 2008 was the best year to buy real estate and you didn't do it?  

This time may be your "best opportunity" market in years!  Mortgage interest rates are low and prices in Northwest Suburban Illinois are still holding fairly well, generally area prices are flat.  The median price home sale in Illinois is actually UP at $198,768*.  The Chicago Median Price for a home is $264,271* which is also UP. 

NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING.  That's why I'm saying the real estate market is local - it even makes a difference from subdivision to subdivision in every single town!  But, over time and the long haul, no investment comes close to real estate so now is a great time to buy, sell or invest.

So again, "All real estate is local."  What's happening in your local market is all that matters.  Ask a great local REALTOR, like Lyn Sims at RE/MAX Suburban what's going on in your market.  She is an expert in pricing, buying, demand and selling patterns.

So let's take a look at what is happening in Hanover Park - Notice the graph is not spiraling downward like the media would have you believe.  The median house/condo value in 2007 was $245,400 which is UP from the survey done in 2000 of $208,800.  Does it seem like the real estate market is tanking?    NO.

Continuing with the graph you will notice that the total number of home sales is lowering steadily since actually the 3rd Quarter of 2006.    OK, tell me something we don't know - but wait,  it actually happened sooner than what you thought didn't it?     YES, market demand is inching downward toward the 1st Quarter of 2006!

The median sales price is actually near $190,000.   This can be explained as the typical first time buyer is actually trying to spur our local market forward.  Therefore the average prices sold at that time will be lower.  First time home buyers do not normally buy a home in the $350,000 plus range so obviously our average sales price will be lowered from that activity.  Lots of lower priced homes are selling bringing the average prices down.

So don't be scared off by stories about a "credit crunch" either.  Conventional and FHA loans are available for credit-worthy buyers seeking these types of mortgages.  And mortgage interest rates remain at historically low levels.  Don't be scared off by forecasts that encompass the entire United States!  Think how ridiculous that is!

Is it a good time to buy?  I'm saying YES!

People who have just went thru foreclosure are not probably going to get a loan?    YEP, and in Illinois that is just a small percentage of the homes owned that are in trouble and headed for foreclosure.

People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or expand.

The national housing market has received a lot of negative press lately with stories of mortgage market tightening and increasing foreclosures.  But for the average person with good credit, traditional financing is readily available. Lyn Sims still has 100% financing available to those that qualify!  There are still programs that offer down payment assistance to buyers - but you have to know the right people to get the help!

It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the early 1980s.  People bought homes then and they can buy them now!   HEY I know 'cause I was sellin' em!

See this post by 'Jeff Belonger, the FHA Expert' on how the media is not telling you the truth about the mortgage business!

Is housing still your best long-term investment.   I'm saying YES again!

Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600.

Why wait?  It's a good time to buy and grab your piece of the pie!              

Lyn Sims of Re/Max Suburban (847)230-7324 works in the Northwest Suburban Chicago areas of Roselle, Elk Grove Village, Bloomingdale, Schaumburg, Hoffman Estates, Hanover Park, Elgin, South Elgin, Carol Stream, Medinah, Palatine, and yes Bartlett.  

Offering local real estate advice for 25 years!

The 'Blog Dog' knows Hanover Park!

Hanover Park IL Local Market - What if 2008 was the best year to buy real estate and you didn't do it?©2008 Lyn Sims www.TheBlogDog.net  

All data and information provided on this blog is for informational purposes only.  Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Sources: National Association of REALTORS®,2008 Housing Price Forecast from the University of IL,City-data.com,MRED MLS,my little pencil and calculator.

EVERY REAL ESTATE MARKET IS LOCAL. ASK A SEASONED REALTOR, LIKE LYN SIMS, WHAT'S GOING ON LOCALLY!

What if 2008 was the best year to buy real estate and you didn't do it?

This time may be your "best opportunity" market in years! Mortgage interest rates are low and prices in Northwest Suburban Illinois are still holding fairly well, generally area prices are flat. The median price home sale in Illinois is actually UP at $198,768*. The Chicago Median Price for a home is $264,271* which is also UP.

NOT EVERYWHERE IN EVERY NEIGHBORHOOD ARE PRICES FALLING. That's why I'm saying the real estate market is local - it even makes a difference from subdivision to subdivision in every single town! But, over time and the long haul, no investment comes close to real estate so now is a great time to buy, sell or invest.

So again, "All real estate is local." What's happening in your local market is all that matters. Ask a great local REALTOR, like Lyn Sims at RE/MAX Suburban what's going on in your market. She is an expert in pricing, buying, demand and selling patterns.

So let's take a look at what is happening in Bartlett - Notice the graph is not spiraling downward like the media would have you believe. The median house/condo value in 2007 was $373,800 which is UP from the survey done in 2000 of $204,700. Does it seem like the real estate market is tanking? NO.

Continuing with the graph you will notice that the total number of home sales is lowering steadily since actually the 3rd Quarter of 2006. OK, tell me something we don't know - but wait, it actually happened sooner than what you thought didn't it? YES, market demand is inching downward.

The average sales price is actually near $265,000. This can be explained as the typical first time buyer is actually trying to spur our local market forward. Therefore the average prices sold at that time will be lower. First time home buyers do not normally buy a home in the $350,000 plus range so obviously our average sales price will be lowered from that activity. Lots of lower priced homes are selling.

So don't be scared off by stories about a "credit crunch" either. Conventional and FHA loans are available for credit-worthy buyers seeking these types of mortgages. And mortgage interest rates remain at historically low levels. Don't be scared off by forecasts that encompass the entire United States! Think how ridiculous that is!

Is it a good time to buy? I'm saying YES!

People who have just went thru foreclosure are not probably going to get a loan? YEP, and in Illinois that is just a small percentage of the homes owned that are in trouble and headed for foreclosure.

People will always need to buy or sell a home whether a move is job-related or you are ready to downsize or expand.

The national housing market has received a lot of negative press lately with stories of mortgage market tightening and increasing foreclosures. But for the average person with good credit, traditional financing is readily available. Lyn Sims still has 100% financing available to those that qualify! There are still programs that offer down payment assistance to buyers - but you have to know the right people to get the help!

It's important to do some homework before you buy to see what you can afford and what your financing options are. Today, mortgage interest rates are well below their all-time high of over 18 percent in the early 1980s. People bought homes then and they can buy them now! HEY I know 'cause I was sellin' em!

See this post by 'Jeff Belonger, the FHA Expert' on how the media is not telling you the truth about the mortgage business!

Is housing still your best long-term investment. I'm saying YES again!

Homeowners who are in it for the long-term are coming out well ahead. Here's why. Because of the power of leveraging, a $10,000 down payment on a typically priced home in the United States at a typical home price appreciation of 5 percent will return $110,000 after 10 years. The same $10,000 invested in the stock market appreciating at 10 percent annual increases will result in $23,600.

Why wait? It's a good time to buy and grab your piece of the pie!

Lyn Sims of Re/Max Suburban (847)230-7324 works in the Northwest Suburban Chicago areas of Roselle, Elk Grove Village, Bloomingdale, Schaumburg, Hoffman Estates, Hanover Park, Elgin, South Elgin, Carol Stream, Medinah, Palatine, and yes Bartlett.

Offering local real estate advice for 25 years!

The 'Blog Dog' knows Bartlett!

Bartlett IL Local Market - What if 2008 was the best year to buy real estate and you didn't do it?©2008 Lyn Sims www.TheBlogDog.net

All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it’s display or use.

Sources: National Association of REALTORS®,2008 Housing Price Forecast from the University of IL,City-data.com,MRED MLS,my little pencil and calculator.

Bartlett IL Market Conditions

You know what makes me crazy? Market graphs that don't tell you what is really going on in the real estate market. Let me tell you what I've noticed from the local media and alot of my own real estate compadres recently - graphs that point to the past! Yes we are down from 2006 and 2007 but do you really care if you have to sell your home now? I am thinking you are reading this post because you want to sell your house NOW - TODAY - OR SOON!

BUT CAN YOU? WHAT CAN YOU EXPECT? So I've decided to talk about what has happened RECENTLY, in the last 6 months of the market. That is the best 'current time' that I can do. No sense talking about the past or what market increases you are not experiencing NOW.

Remember that old song by the Grass Roots? Sha-la-la-la-la-la live for today!

This graph represents all the single family homes for sale in Bartlett at the current time (273 total). What the graph depicts is a steady decline in homes on the market since the 2nd week of August. Currently there are 10% less total homes on the market since the beginning of May 2008.

That is good! In order for the market to correct itself and prices to stabilize we need less homes on the market. For September 2008 - there are 10.6 months supply of homes on the market. In a 'good' market there is an average of around 6 months supply. So obviously we have over 45% more than we need for a healthy market place to exist.

What is the percentage of homes in Bartlett that go under contract every month? 7.5%

Are people taking their homes off the market with the holidays approaching? YES

Are people renting their homes instead of selling them if they can afford it? YES

Should people take their home off the market if they don't have to sell it? YES - PROBABLY - I bet you didn't expect me to say that!

Are people making bad financial decisions regarding their home because they are scared of current market conditions on Wall Street? YES

Is it a good time to buy a home? YES - there is alot of 'good' houses at great prices.

Are there alot of 'deals' to be had? YES - so get going and get one. Please call me so we can get started today!

Are there alot of foreclosures in the area? YES and NO - The media has definitely brought your attention to the situation hasn't it? There are only a small percentage of homes in Illinois currently in default, 95% of people are not in foreclosure according to statistics.

If my house is on the market now, am I really competing with foreclosures too? YES - if they present themselves as a deal, buyers will scoop them up first. Most people are looking for a deal, but not all deals are foreclosures.

This is a whole 'new ball game' for 2008! Care to join me on the field? I can help you figure out what is happening with your local market and help you decide what would be the best financial decision FOR YOU!

Lyn Sims (847)230-7324 RE/MAX Suburban Email her at:

The 'Blog Dog' and I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Bartlett, Streamwood, Hanover Park, Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.

Bartlett IL Market Conditions©2008 Lyn Sims - TheBlogDog.net All data and information provided on this blog is for informational purposes only. Lyn Sims makes no representations as to accuracy, completeness, correctness, suitability or validity of any information on this site and will not be liable for any errors, omissions, or delays in information or any losses, injuries, or damages arising from it's display or use.

Streamwood IL Real Estate Market Conditions

You know what makes me crazy?  Market graphs that don't tell you what is really going on in the real estate market.  Let me tell you what I've noticed from the local media and alot of my own real estate compadres recently - graphs that point to the past!  Yes we are down from 2006 and 2007 but do you really care if you have to sell your home now?  I am thinking you are reading this post because you want to sell your house NOW - TODAY - OR SOON!

BUT CAN YOU?  WHAT CAN YOU EXPECT?  So I've decided to talk about what has happened RECENTLY, in the last 6 months of the market.  That is the best 'current time' that I can do.  No sense talking about the past or what market increases you are not experiencing NOW.

Remember that old song by the Grass Roots?  Sha-la-la-la-la-la live for today! 

This graph represents all the single family homes for sale in Streamwood at the current time (288 total).  What the graph depicts is a steady decline in homes on the market since the 3rd week of August.  Currently there are 4% less total homes on the market since the beginning of May 2008.

That is good!  In order for the market to correct itself and prices to stabilize we need less homes on the market.  For September 2008 - there are 12.7 months supply of homes on the market.  In a 'good' market there is an average of around 6 months supply.  So obviously we have over twice that amount for a healthy market place to exist.

What is the percentage of homes in Streamwood that go under contract every month?   6.3%

Are people taking their homes off the market with the holidays approaching?  YES

Are people renting their homes instead of selling them if they can afford it?   YES                                                                                                                                                        

Should people take their home off the market if they don't have to sell it?   YES - PROBABLY - I bet you didn't expect me to say that!

Are people making bad financial decisions regarding their home because they are scared of current market conditions on Wall Street?   YES

Is it a good time to buy a home?   YES - there is alot of 'good' houses at great prices. 

Are there alot of 'deals' to be had?   YES - so get going and get one.  Please call me so we can get started today!

Are there alot of foreclosures in the area?   YES and NO - The media has definitely brought your attention to the situation hasn't it?  There are only a small percentage of homes in Illinois currently in default, 95% of people are not in foreclosure according to statistics.

If my house is on the market now, am I really competing with foreclosures too?   YES - if they present themselves as a deal, buyers will scoop them up first.  Most people are looking for a deal, but not all deals are foreclosures.

This is a whole 'new ball game' for 2008!  Care to join me on the field?  I can help you figure out what is happening with your local market and help you decide what would be the best financial decision FOR YOU!