Pine Hill

Wheeling has seen a lot of activity in the market for condominiums. One of the newest developments to come to the area is Pine Hill, a luxury project located at 500 Manda Lane.

Buyers and rentals both have plenty of options to choose from at the development located just off McHenry Road. Pine Hill offers one and two-bedroom condominiums.

Prices for one-bedroom units start at $117,220. Two-bedroom condominiums are priced from $145,420. Monthly assessments range from $125 to $172, making this development an excellent choice for young professionals looking to get into the market without breaking the bank.

If you’re not ready to buy, there are also several rentals available at Pine Hill. One-bedroom apartments rent from $860 to $925 per month. Two-bedroom apartments start at $955 per month.

A two-bedroom unit currently on the market is listed at $1060 per month. The 908 square foot unit has two bathrooms.

Residents of Pine Hill enjoy a large list of amenities. Each unit comes with air conditioning, walk-in closets, private outdoor space, and an appliance package in the kitchen.

The Pine Hill community includes a clubhouse, swimming pool, tennis courts, and a modern fitness center, making this development perfect for those looking to live an active and healthy lifestyle.

Pine Hill also offers a laundry room, open 24 hours a day, and extra storage. Children can spend a warm day outside at the community playground.

Pine Hill is located close to many parks, public transportation, and shopping. Commuters can get to downtown Chicago via the Metra, located near Heritage Park.

Residents can play a round of golf at Buffalo Grove Golf Course or enjoy a warm summer day hiking in the Potawatomi Woods Forest Reserve. Heritage Park is just blocks away from Pine Hill, offering several acres of open space and walking paths.

Parents can rest assured that their children will receive a great education at Buffalo Grove High School. The school has been recognized as a Blue Ribbon High School by the U.S. Department of Education.

If you’re thinking of buying a condominium in Wheeling, stay up to date with the latest news and statistics for the real estate market in the area.

According to the Chicago Association of Realtors, the number of condominiums sold during the third quarter dropped to levels not seen since 1991.

A total of 79 condominiums were sold during the quarter, a 34 percent drop from the same period last year. Condo sales have dropped throughout the region as problems in the mortgage market and rising prices have forced many buyers to the sidelines.

Condo owners and developers are facing one of the most difficult markets in years in Wheeling. The turnover time for condos on the market in the neighborhood has hit 163 days, a 140 percent increase in just one year. This is also the longest turnover time that the neighborhood has seen in more than 15 years.

Despite these dismal numbers, prices for condominiums continued to climb in Wheeling. The average sales price during the third quarter stood at $224,159, a three percent increase from last year.

Buyers should beware of entering the market at its peak. Negotiate for a price that reflects the current market conditions in the area, particularly as more sellers become increasingly desperate to unload their property.

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