April 23, 2013
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February 13, 2013
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Breathtaking property, architectural treasure on Chicago’s North Shore Glencoe! http://ht.ly/hHlsB
February 6, 2013
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Here on Chicago’s North Shore the real estate market is favorable for both buyer and seller alike. North shore agents are seeing busier open houses, quicker sales, even multiple offers.
But like houses, no two North shore sellers or buyers are exactly the same. Having a grasp of the mindset of both, can ease the North Shore real estate navigation process a bit. With the help of an experienced solidly performing North Shore Realtor, below are three scenarios sellers and buyers should be aware of in today’s market:
1. Buyers can be sellers and sellers become buyers
Often, sellers feel the same amount of stress or excitement that buyers feel because they’re somewhere in the buying process, too. Though some sellers may want to take additional time and become renters after their sale is complete, many will get back in the homeowner game soon after the sale goes through, sometimes immediately. Sellers, as would-be buyers, want to capitalize on low interest rates and home values. Getting the North Shore home sold quickly and at today’s value may be all a seller needs to make a purchase. Though it may be a “sellers’ market in some areas,” most sellers these days have a sense of empathy. They understand the buyer’s position and likely want to get out cleanly and quickly so that they, too, can buy.
2. Sellers are starting to feel relief but with caution
Even the sellers who have successfully sold are well aware of what happened in real estate markets over the past five years; news that the market is changing, and in their favor can be a welcoming incentive for all involved. They’re more hopeful than they were even six months ago. Generally speaking, however, most sellers are still feeling conservative and cautious. They’re more likely to take a bird in the hand than to risk losing a sale because of a knee jerk instant reaction.
3. Advice for both sides
Real estate is a game, in a sense, in which both sides hope to achieve their goals, which is why it always helps to understand your “opponent. Take a moment to size up who the buyer is, how they got there and why they want to buy. Don’t make assumptions. Take a step back. Put yourself in their shoes.
Sellers aren’t the same as they were around 2005, when many were driven by other goals as the market’s rise seemed endless. Don’t go into this market, which is very different from even six months ago, assuming the same rules apply. Consulting with your competent North Shore real estate professional, will put you in the right position for a successful and joyful transaction.
Gloria Matlin, a high ranking real estate performer, can be found at the North Suburban Glencoe Coldwell Banker office – 640 Vernon Ave., 60022. More information HERE
November 21, 2012
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As with the rest of the nation, the holidays are upon us on Chicago’s North Shore. Places like Bannockburn, Deerfield, Fort Sheridan, Glencoe, Glenview, Highland Park, Kenilworth, Lincolnshire, Northbrook, Northfield, Riverwoods, Wilmette, Winnetka, as well as Lake Forest; will be buzzing with good cheer, places to go, things to do, holiday events and festivals all around. But, real estate still has its place in the hustle and bustle of the season. Now may be one of the best times to buy or sell a North Shore home. The benefits, hows and whys are outlined below:
Tis’ the season for BUYERS during the holidays
Commonly there’s a wider selection of homes to choose from. A peak season for the real estate market, buyers will find there are many more beautiful homes to choose from during the fall and holiday season. There’s no better time to find your dream home! Utilize vacation time to act on your desire to research online or even visit Chicago North Suburban open houses.
Don’t forget year-end tax breaks. Buying property before years’ end yields some great benefits; including property taxes and mortgage interest, both deductible from gross income.
For SELLERS, the season brings good things
Beautifully decorated homes are certainly more appealing to potential buyers. What is more beautiful and inviting than a North Shore home that’s elegantly decorated for the holidays? The warmth and spirit of the season makes many homes seem even more stunning during this special time of year. With that comes more exposure for your home. Many people enjoy hosting holiday parties for friends, family and co-workers. When you have a “for sale” sign in your yard, it will likely grab the attention of those who are visiting your neighbors or attending holiday parties, including yours. Usually the serious buyer will shop for a home during the holidays. The fact is if someone is interested in your home during one of the busiest seasons of the year, chances are they are serious. If your home is priced appropriately, the likelihood is high for getting an offer!
An example of North Shore luxury at its best is presented below. The property is an exceptional East Northbrook, IL listing currently for sale. Feel free to contact Gloria Matlin for a private holiday showing!
Click the image to view:
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.
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 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
August 14, 2012
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RECENTLY REDUCED..1750 Braeside Lane, Northbrook, IL..This North Shore property is an exquisitely designed home with a flawlessly designed floor plan that unfolds with amazing architectural details. Contact Gloria Matlin for a private showing or simply review the complete tour: http://ht.ly/cYzqZ
MINUTES FROM CHICAGO-NORTH SHORE TRANSPORTATION AND SHOPS – RESORT STYLE LUXURY LIVING AT ITS BEST!
Feel free to visit Gloria at her top ranked North Shore real estate brokerage office located at 640 Vernon Ave., in the heart of downtown Glencoe, IL-60022.
July 20, 2012
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June 2012 North Shore real estate reports show property sales top off at 40.0%; 61.5% higher than sales produced in June 2011.
The Chicago North suburban Median Sales Price in June was down -35.3%, compared to June of 2011. The Average Sales Price for North Shore-Glencoe in June was $1,123,145, down -6.0% from $1,194,607 in June of 2011 and up 23.7% from $907,885 last month. June 2012 ASP was at a mid range compared to June of 2011 and 2010.
Inventory & MSI
The Total Inventory of North Shore properties available for sale as of June was down -18.1% from last month, and down -30.6% in June of last year. June 2012 Inventory was at the lowest level compared to June of 2011 and 2010.
A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for buyers. The June 2012 MSI of 4.1 months was at its lowest level compared with June of 2011 and 2010 reporting volume.
The average Days on Market (DOM) shows how many days the average Chicago 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 96, down -23.8% from 126 days last month and down -33.8% from 145 days in June of last year. The June 2012 DOM was at its lowest level compared with June of 2011 and 2010.
Inventory / New Listings / Sales
‘The photo provided of the overall real estate market conditions, combines monthly inventory of Properties for sale along with New Listings and property sold vaules. The graph shows the basic annual seasonality of Chicago’s North Shore market as well as the relationship between these items. The number of New Listings in June 2012 was down -27.3% from last month and up 33.3% in June of last year’s reporting.
Glencoe’s Coldwell Banker Residential Real Estate office can provide guidance on this and similar North Shore real estate data. Any of our high performing real estate agents can assist you. Stop in today for a free assessment- 640 Vernon Road, Glencoe, IL 60022!
June 30, 2012
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Real estate is great and so is celebrating the 4th of July on Chicago’s North Shore! This year’s July 4th holiday falls smack in the middle of the week, potentially causing getaways to get a little tricky, especially for those working a full-time job. Local North Shore sights, sounds and events may be the cure for a mid week holiday. Below are top rated ways to celebrate Independence Day, as well as a list of North Shore community happenings..Enjoy!
Find a Fireworks Show
Instead of driving neighbors and dogs crazy this year with at-home fireworks, attend a public display.
Shop ‘Til You Drop
There’s no better time to shop than on the 4th of July when 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:
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!
More info HERE
June 4, 2012
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North Shore real estate data for May 2012 shows, property sales were 9.1% higher than sales volume last year. May 2012 sales were at their lowest level overall compared to May of 2011 and 2010. May YTD North Shore sales ran -21.7% behind last year’s year-to-date sales data reports.
The Median Chicago North Shore Sales Price in May was $909,500, down -4.3% from $950,000 in May of 2011 and up 18.7% from $766,500 last month. The Average Sales Price in May was $954,375, down -28.2% from $1,328,833 in May of 2011 and up 5.2% from $907,227 last month. May 2012 ASP (average sale price) was at a mid range compared to May of 2011 and 2010.
Inventory & MSI
The Total Inventory of North Shore Properties available for sale as of May was down -27.5% from May of last year. May 2012 Inventory was at the lowest level compared to May of 2011 and 2010.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2012 MSI of 7.9 months was at its lowest level compared with May 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 May was up 17.5% from 114 days last month and down -23.0% from 174 days in May of last year. The May 2012 DOM was at a mid range compared with May of 2011 and 2010 real estate reports.
Inventory / New Listings / Sales
‘The view of the market (see photo above) combines monthly inventory of Properties for sale along with New North Shore 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 Listings in May 2012 was up 22.2% from last month and in May of last year.
Our trusted Residential Real Estate office-Coldwell Banker, located in Glencoe, IL 60022; has been a community resource for well over 40 years. Stop in today to ask questions about this report and other data concerning North Shore real estate for sale, or rent. Our legendary service, top ranked volume, and experienced sales staff can be your summer guide.