July 18, 2014
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Summer 2014 North Shore – Chicago real estate figures surge with the average Days On Market (DOM) showing how many days the average North Shore Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for June was 50, down -5.7% from 53 days last month and down -27.5% from 69 days in June of last year. The June 2014 DOM was at its lowest level compared with June of 2013 and 2012.
Selling Price vs Listing Price
The North Shore Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a North Shore Seller’s market. The June 2014 Selling Price vs List Price of 96.6% was up from 96.3% last month and up from 96.4% in June of last year.
June North Shore Property sales were down -10.8% from calculated real estate totals in June of 2013 and 30.9% higher than real estate sales last month. June 2014 sales were at a mid-level compared to June of 2013 and 2012. June YTD sales of 1,651 are running -12.2% behind last year’s year-to-date sales of 1,880.
The Median Chicago-North Shore Sales Price in June was down -1.7% from real estate volume totals in June of 2013 and down -5.7% from last month. The Average Sales Price in June was up 0.1% from final outcomes June of 2013 and down -3.5% from last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.
Inventory & MSI
The Total Inventory of Properties available for sale as of June was up 6.8% compared to last month and up 5.2% from June of last year. June 2014 Inventory was at a mi- range compared to June of 2013 and 2012.
A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The June 2014 MSI of 3.5 months was at a mid-range compared with June of 2013 and 2012.
Ongoing top tier performance, exemplary, personable service, a comprehensive approach to client needs, over 25 years of dedicated real estate expertise, an accurate pulse on North Shore real estate trends/market conditions, marketing savvy, and a profound appreciation for technology as well as informative engagement on social media; Gloria Matlin is the consummate real estate professional on the Northern Shores of Chicago. She can be found in the top producing Coldwell Banker residential real estate office of Glencoe, Illnois-640 Vernon Ave., 60022.
July 7, 2014
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While several Chicago North Shore homes may be sold each week, the process may not be as easy for sellers as it was five or 10 years ago. Surviving in today’s real estate world requires experience and training in such fields as real estate marketing, relocation savvy, financing options, negotiating and closing, the very expertise available from local North Shore-Chicago real estate professionals. Millions of existing homes are sold each year and, while each transaction is different, every owner wants the same thing: the best possible deal with the least amount of hassle and aggravation.
Are You Ready?
The home-selling process typically starts several months before a property is made available for sale. It’s necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out.
Ask yourself: If you were buying this home, what would you want to see? The goal is to show a home that looks good, maximizes space and attracts as many buyers as possible.
When Should You Sell?
As with several locations across the country the North Shore Chicago marketplace tends to be active in the summer because parents and/or young adults want to enroll in classes at the beginning of the school year (usually in August). Summer is also typically when most homes are likely to be available.
Generally speaking, markets tend to have some balance between buyers and sellers year-round. For example, a given North Shore community may have fewer buyers in late December, but it’s also likely to have fewer homes available for purchase. As a result, home prices tend to rise or fall due to general patterns of supply and demand, rather than the time of year. Look to a skilled, North Shore Real Estate professional can be a sound decision to assess local real estate market activity and trends. More information can be found HERE
From providing an in-depth view of luxury North Shore-Chicago real estate markets in 2014, to examining and providing an accurate seasonal gauge on North Shore’s rental trends; Gloria Matlin continues to be a North Suburban real estate expert with an unparalleled record of top producing, high-ranking accomplishments that span 25+ years. Her keen awareness of the Northern Shore communities is what makes her an elite high performing professional with a sincere and personalized style that she offers each and every client. Gloria Matlin educates, tenaciously performs and makes Chicago North Shore real estate dreams a pleasant reality!
July 4, 2014
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North Shore Chicago real estate is an ideal topic, but for holiday sake, so is the 4th of July on Chicago’s North Shore! This year’s July 4th holiday falls on a Friday, which makes the celebration that much sweeter, with ongoing celebrations well into the weekend.Local North Shore sights, sounds and events are boundless options this holiday. Below are top rated ways to celebrate Independence Day, as well as a list of North Shore community things to do, places to go and events to experience..Enjoy!
Find a Fireworks Show
Instead of driving neighbors and dogs crazy this year with at-home fireworks, attend a public display.
July 4th Events/Fireworks Shows for Glencoe, Winnetka, and Northfield:
North Suburban and Chicago holiday events:
Shop ‘Til You Drop
There’s no better time to shop than on the 4th of July when Chicago North Shore retailers offer firework-worthy sales and other merchandise incentives; one of the best ways to avoid a battle with the crowd at the mall or outlet center:
Local shopping options
Plan a Cook-out or Picnic
Take your family or significant other on a picnic, by a lake or at the park near your home. Prepare your own finger foods and side dishes with traditional 4th of July grub. Download a few printable games to pump up the fun, which may include Independence Day trivia and a scavenger hunt for the kids.
Organize a fun day of softball at a local field or park with family and friends. Assign blue and red (or white) teams and request that members wear the appropriate colors. Otherwise, pick up some cheap tees, pack a cooler with beverages, sandwiches and snacks, and let the games begin!
Parks and recreation options
More info HERE
June 25, 2014
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Both properties, newly listed by Gloria Matlin are exquisite, elegant North Shore-Chicago real estate options to consider this summer season. Contact Gloria for a private showing, or reply to this blog with questions/comments:
466 Sheridan Road in Glencoe, Illinois. Click the image to enlarge and/or for additional listing details.
Beautiful .63 Acre Property. Completely Renovated With Gracious Rooms Unfolding Offering A Perfect Chicago North Shore Lifestyle With Dramatic Ceiling Heights, Walls Of Windows and Architectural Details Throughout Living Areas Including A Stunning Cooks Kitchen. An Extraordinary Contemporary Residence for the Most Discriminating Buyer.
990 Wildwood Lane in Highland Park, Illinois. Click the image to enlarge and/or for additional listing details.
Bright Open Floor Plan, With First Floor Bed & Bath. Huge Master Suite With Amazing Closet and Bonus Room. 3 Levels Over Look a Private North Shore Ravine. Simply an exquisite Newer Chicago North Shore Residence.
With over 25 years of sustained high quality North Shore real estate service, Gloria Matlin is the ideal top ranking, optimally producing Realtor resource on the North Shore of Chicago. With high performing accolades that center around client satisfaction and making North Shore real estate dreams a reality; feel free to contact her today for elite North Shore real estate guidance and assistance.
June 16, 2014
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Summer makes a grand entrance with The Median Chicago North Shore Sales Price in May up 24.8% from sales figures calculated in May of 2013 and up 18.6% from last month. The Average Sales Price in May was $698,787, up 24.6% from $560,610 in May of 2013 and up 15.8% from $603,202 last month. May 2014 ASP was at highest level compared to May of 2013 and 2012.
Selling Price vs Listing Price
The Selling Price vs Listing Price reveals the average amount that North Shore-Chicago Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2014 Selling Price vs List Price of 96.3% was up from 96.1% last month and up from 95.8% in May of last year.
May North Shore-Chicago Property sales were down -20.1% from sales volumes reported in May of 2013 and 17.0% higher than North Shore property sales last month. May 2014 sales were at their lowest level compared to May of 2013 and 2012. May YTD sales are running -12.9% behind last year’s year-to-date sales totals.
Inventory & MSI
The Total Chicago North Shore Inventory of Properties available for sale as of May was up 8.7% from final inventory totals last month and down -2.9% from figures calculated in May of last year. May 2014 Inventory was at the lowest level compared to May of 2013 and 2012. A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The May 2014 MSI of 4.2 months was at a mid-range compared with May of 2013 and 2012.
The average Chicago Northern Shore Days on Market (DOM) shows how many days the average North Shore Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a North Shore Buyer’s market, a downward trend a move towards more of a North Shore Seller’s market. The DOM for May was 54, down -12.9% from 62 days last month and down -31.6% from 79 days in May of last year. The May 2014 DOM was at its lowest level compared with May of 2013 and 2012.
Inventory / New Listings / Sales
The summary view of the market above combines monthly inventory of North Shore Properties for sale along with Chicago-North Shore New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New North Shore Listings in May 2014 was 750, up 9.2% from 687 last month and up 10.3% from 680 in May of last year.
This summer is forecasted to be a top performing, optimally ranking, high producing season for Gloria Matlin. Thanks to ongoing referrals, glowing feedback, and a sincere desire to help make Chicago North Shore real estate dreams come true, Gloria Matlin continues the tradition of consummate quality real estate service. Her clients repeatedly highlight that her tenacious, pleasant, personable, thorough, and seasoned approach, along with invaluable community insight keep her among the elite group of Realtors on Chicago’s North Shore. She has called Coldwell Banker’s residential real estate office of North Shore- Chicago in the village of Glencoe, Illinois home for over 25 years – 640 Vernon Avenue, 60022.
June 6, 2014
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This summer, let a top producing, high ranking, optimally performing real estate professional, guide you through the sought after North Shore area of Chicago. Gloria Matlin has been assisting with North Shore real estate dreams for over 25 years. She prides herself on being a consummate professional with a stellar reputation for thorough, sincere, friendly, and tenacious service. She is located in the award winning Coldwell Banker residential real estate office of Glencoe Illinois – 640 Vernon Avenue, 60022.
Originally posted on Tri-Valley Real Estate Buzz:
With summer around the corner, the days are getting longer…and so is the honey-do list. To help you out, we’ll be featuring a “Honey-Do List” at the beginning of each month to make sure you stay ahead of those around-the-house projects.
Here is your to-do list for the month of June:
1. Prep your guest room for summer visitors.
Summertime means vacation time, which sometimes means you run a bed & breakfast from your spare bedroom. When creating a serene retreat for out-of-town guests, it’s all about the little touches. Stock a bookshelf with great reads, leave a water pitcher and glasses on the nightstand, and add fresh flowers to brighten up the space. An extra blanket and a set of hotel-size toiletries make any visitor feel at home. Want to make sure your house guests don’t extend their stay? Start enlisting their help on the chores on your…
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May 25, 2014
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One of Gloria Matlin’s current luxury North Shore listings – 1750 Braeside Lane in Northbrook, Illinois (click for details)
It’s not surprising that the latest S&P/Case-Shiller numbers show that single-family home prices in the Chicago metropolitan area jumped more than 11 percent last October, posting their best year-over-year rise since December 1988. After all, “bidding war” has been the byword for prime properties in the city for months—a trend that’s growing….But neither trend applies to the North Shore, insist big-ticket broker Gloria Matlin of Coldwell Banker. For the first time in years, supply and demand are dictating the luxury market trends on Chicago’s North Shore. Here’s why:
So prices aren’t up on the North Shore, even for luxury properties?
GLORIA MATLIN: What people want goes so fast that these homes usually sell for top dollar before they hit the listing services. Brokers get their buyers in there before you can even think bidding war, and they pay what it takes. PC: Everyone has different priorities, but there are two new universals: Everyone wants the New Trier school district and new construction with new everything inside and out. That’s the problem: Nothing new has been built in the last few years. Developers are just gearing up again. As soon as they put up a building sign, someone sees it and buys the house straight from the plans for, say, $1.6 million before it comes to market. But that’s not luxury. Those are starter homes.
Where does that leave luxury prices?
GM: Much higher than in the city. Nice starter homes go for $1.6 million to $2.4 million, but true luxury starts at $2.5 million. Don’t get us wrong: You can get a really nice house for under a million, but it’s dated.
PC: It’s cheaper to buy resale and renovate, and more expensive to buy new, but buyers can get mortgages more easily than home equity loans for renovations. People used to be willing to buy a gorgeous old house for $2 million and put another million in, but now they don’t have the time and can’t get the money. So that makes a beautiful, clean, 3,500-square-foot house more valuable.
What about locations? Is it still better to be near the water?
GM: It depends on what you want. Working couples may want to be close to the train; families might want to be in a certain lower school district. If you have three kids, it’s nice to be in Kenilworth because it’s the same school for K to 8. PC: The most important thing is to work with someone who can help you figure out what you really need and get you there. Gloria Matlin, Coldwell Banker, 640 Vernon Ave., Glencoe, 847-835-6058. See the complete Michigan Avenue Magazine article HERE
A Chicago North Shore real estate expert with a compelling record of top producing, top performing, and high ranking client focused results; Gloria Matlin has been a consistent resource for over 25 years. This top tier Realtor finds pride in helping each and every one of her clients with one of the most important processes in a lifetime. Let her be your guide to making a North Shore- Chicago real estate dream a reality! See the complete profile of her North Shore-Chicago real estate listings HERE and HERE.