October 29, 2012
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Here on Chicago’s North Shore, real estate reports, data, and analysis are just as important as All Hallow’s Eve, Hallow E’en, or the classic Halloween. Whatever name you may choose, this unique time has been considered for centuries as one of the most magical nights of the year.
Below is a list of the latest and greatest places to go and things to do on the North Suburban Shore of Chicago; this special week of fall festivals, events and Halloween outings:
Glencoe Halloween & fall functions
North Shore options all around
Chicago and surrounding area events
Even more North Shore-Chicago happenings
Our top ranking Glencoe Coldwell Banker Residential Real Estate office will be participating in the Halloween Celebration. We are located at 640 Vernon Ave-60022 in the downtown area. Have a happy and safe Halloween week!
October 21, 2012
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More 2012 Progress! Chicago-North Shore Real Estate home sales increased 15.9% over previous-year performance volume in September of this year, lengthening a top run of more than a year of sales surge, according to the recent Illinois Association of REALTORS® report. In addition the data revealed the North Suburban market, along with other areas of the state had a median home price increase of 2.2 percent!
Continued North Shore real estate market stabilization has held steady for the first nine months of 2012. Prices, interest rates, and consumer confidence are further intensifying the improvements seen in North Shore communities and around other areas within the state of Illinois.
Listings in the North Shore-Barrington region decreased 11.6 percent to 840. Listings Under Contract were up 49.7 percent to 569. Inventory levels shrank 31.9 percent to 3,617 units. The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Shore-North Central region was 3.49% percent in September 2012, down from 3.60 percent seen in August 2012, according to the Federal Home Loan Mortgage Corp. Last September in 2011 it averaged 4.09 percent. Supporting North Shore real estate data can be seen in the summary figures from the North Shore Barrington Association of Realtors and Midwest Real Estate Data LLC below (click to enlarge).
In the nine-county Chicago-North Suburban Primary Metropolitan Statistical Area (PMSA) including Cook and Lake, home sales (single family and condominiums) in September 2012 totaled 7,484 homes sold, up 24.0 percent from September 2011 sales of 6,035 homes. Forty-five (45) of 101 Illinois counties reporting showed year-over-year home sales increases in September 2012. See supporting real estate analysis in the figures provided below (click to enlarge).
Sales and price information is generated by Multiple Listing Service closed sales reported by 31 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of October 7, 2012 for the period September 1 through September 30, 2012 into November 2012. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.
Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.
Gloria Matlin, a top ranked North Shore Chicago Realtor; is your source to review this and other market action reports/conditions. 640 Vernon Ave, Glencoe, Illinois-60022, in the heart of downtown.
October 14, 2012
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On Chicago’s North Shore Real Estate options like “pocket listings” or exempt listings have become a more mainstream option for quietly marketing a home for sale. If you haven’t already heard of these popular real estate terms, you probably will. Here is what you’ll need to know as a North Shore home buyer or seller about this fast growing type and a few examples to review:
Pocket listing- an unofficial, off-market Property
Also known as a “quiet” or “off-market” or “exempt listing”, a pocket listing is a real estate property that an agent keeps tucked away. Though the seller may have a signed listing agreement with a real estate agent/broker, the property for sale isn’t officially listed in the MLS. Other traditional forms of marketing may be downplayed, too.
Example of a North Shore off-market property currently for sale:
Exempt or Pocket listings- what they mean for buyers and sellers
If you’re a North Shore seller, you may consider testing the waters with a pocket or exempt listing, even if it’s just for a week or two.
For buyers, it’s important to work with a local Chicago North Suburban agent who has established relationships with other agents in the community. That way, you can be certain that you’ll be made aware of all potential North Shore homes for sale.
Coming Soon 2524 Augusta Way:
Contact Gloria Matlin for a private showing for any of these North Shore exempt properties. 847-835-6058
More info HERE and HERE
October 9, 2012
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North Shore-Glencoe market action report for September 2012 Property sales volume reflects an upward trend of 42.9% compared to September of 2011. September 2012 sales topped at their highest level compared to September of 2011 and 2010. September YTD sales are running 16.0% ahead of last year’s best figures.
The North Suburban Median Sales Price in September was up 35.5% from $440,000 in September of 2011 and down -26.2% from $807,500 last month. The Average Sales Price in September was down -18.2% compared to data in September of 2011 and down -26.5% from last month. September 2012 ASP was at the lowest level compared to September of 2011 and 2010 figures.
Inventory & MSI
The Total Chicago North Shore Inventory of Properties available for sale as of September was down -2.4% in relation to last month and down -30.2% in September of last year. September 2012 sales Inventory was at the lowest level compared to September of 2011 and 2010 on Chicago’s North Shore.
A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The September 2012 MSI of 8.1 months was at its lowest level compared with September of 2011 and 2010.
The average 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 Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for September was equal to 73 days last month and up 12.3% from 65 days in September of last year. The September 2012 DOM was at a mid-range compared with closed sales data in September of 2011 and 2010.
Inventory / New Listings / Sales
The view above of the Chicago-North Shore real estate market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the North Shore market conditions as well as the relationship between these items. The number of New Listings in September 2012 was down -28.0% from last month and up 12.5% in September of 2011.
Gloria Matlin can be found at 640 Vernon Ave, in downtown Glencoe, Illinois-60532. This office, top ranked on Chicago’s North Shore, for well over 40 years is a community standard. Any of our top performing Broker/Realtors can assist you. Let our well established experience and high producing staff guide you through market conditions, reports, buying, selling, renting, or general questions about the North Shore-Chicago area.
For additional market action reports on Chicago’s North Shore visit HERE and select communities-reports on the left dashboard.
October 5, 2012
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What a great way to take in the beauty of autumn on Chicago’s North Shore-Glencoe…. http://ht.ly/eeNKy