How To Put Your Best Foot Forward When It Comes Time To Sell Your Home

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glo360:

A hot Chicago North Shore real estate topic this season; as the market continues to surge. Having a trusted, top producing, high ranking, top performing Realtor professional can be an essential tool in addition to the aspects outlined above. Gloria Matlin has been serving the North Shore communities of Chicago for over 25 years. Let her help you realize your real estate dreams this 2014 spring season. Gloria is based at 640 Vernon Avenue, the downtown district of Glencoe, Illinois, 60022.

Originally posted on Tri-Valley Real Estate Buzz:

The traditionally busy spring home buying season is rapidly approaching. Over the past year, we’ve enjoyed a strong housing market – one that featured more buyers than sellers in some communities. In fact, there just aren’t enough good listings to go around and this could be an excellent time to consider selling your property.

But even in a “seller’s market” like this, some properties sell faster than others. Have you ever wondered why one home sells almost immediately and another one down the road sits on the market for months?

There are several key reasons why some homes languish on the market, including price, condition, and other variables. My hope is that this list will help you put your best foot forward when it comes time to sell your home:

  • The price is too high. Setting the appropriate price for a home is always more difficult for a homeowner, who…

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Real Estate Outcomes January2014: Chicago’s North Shore

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NSMarketConditions-Jan-2014Property Sales

Great News!!  North Shore Chicago market action reporting shows January real estate property sales were up 6.7% from totals in January of 2013 and -32.8% lower than sales outcomes last month. January 2014 sales were at their highest level compared to January of 2013 and 2012. January YTD sales volume figures are running 6.7% ahead of last year’s year-to-date sales of 165.

Prices

The Median North Shore sales Price in January was up 29.8% from sales totals calculated in January of 2013 and up 0.2% from last month. The Average Sales Price in January was up 28.5% from final volume reports in January of 2013 and down -3.9% from last month. January 2014 ASP was at highest level compared to January of 2013 and 2012.

Inventory & MSI

The Total Chicago Northern Shore Inventory of Properties available for sale as of January was down -4.7% compared to last month and down -33.9% from 1,222 in January of last year. January 2014 Inventory was at the lowest level compared to January 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 January 2014 MSI of 4.6 months was at its lowest level compared with January of 2013 and 2012.

Market Time

The average Chicago North Shore real estate 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 January was up 21.2% from total days last month and down -33.7% from 95 days in January of last year. The January 2014 DOM was at its lowest level compared with January of 2013 and 2012.

Inventory / New Listings / Sales

The summary image above of the market combines monthly inventory of North Shore Properties for sale along with 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 Listings in January 2014 was up 90.2% compared to last month and down -16.9% from totals calculated in January of last year.

Consistently a top producing Realtor, nationally awarded as one of the premier real estate professionals for over 30 years, a high performing Chicago North Shore real estate expert, with an accurate pulse on market conditions/trends; just a few facts that detail the level of service you can expect from Gloria Matlin. A long-time resident of the North Shores of Chicago, she prides herself on providing unparalleled client centered services, and helping each and every client fulfill their North Shore real estate dreams.  Coldwell Banker’s residential real estate office in downtown Glencoe, Illinois is her home base – 640 Vernon Avenue, 60022.

What does Home mean to you?

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glo360:

A repetitive phrase you may hear realtors say, but NOW is the perfect time to buy or sell Chicago-North Shore Real Estate. What a house/home means to you may equal a copious list definitions. Are you looking to relocate to the North Shore Chicago? Maybe thinking of moving up or even downsizing to a luxury condominium? Do you need more information on North Shore communities like Winnetka, Glencoe, Wilmette, Northbrook, Deerfield, Glenview, Highland Park, Lake Forest, or Lincolnshire? With over 30 years of experience, Gloria Matlin is here to make your Chicago North Shore dreams and needed circumstances a reality. Find her at the top performing, award winning Coldwell Banker Residential real estate office of downtown Glencoe, Illinois, 60022.

Originally posted on Kim Park :

I love this new ad from Coldwell Banker! The dog jumping out of the car, kicking off your shoes at the front door, and sinking comfortably into your couch. All of the great things about owning your own home and making it a comfortable place for you and your family. Even your dog.

A little Motley Crue for the nostaligia doesn’t hurt either! #HomeRocks!


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Top 3 Perks to Buying a Home During Autumn-North Shore Real Estate

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Yes, it’s common to hear people talk about North Shore real estate trends, the cyclical nature of real estate is usually associated with autumn-home-john-loreauxfluctuating interest rates, changing incentive packages, and other economic factors. But were you aware that the real estate market is also influenced by the time of year, also known as the seasons?

A close second to spring, fall is the busiest North Shore real estate selling and buying time of the year. Although you can buy and sell houses at any time, the North Suburban Shores’ fall real estate market offers certain benefits to home buyers, including year-end tax breaks, pleasant weather conditions for moving, often a wider selection of houses, to name a few pluses.

To give you an idea of the home-buying advantages you can enjoy during the beautiful Chicago North Shore months, here is a more detailed look into the perks of buying a home during this timeframe:

1. Getting ahead of nature

Buying a house before the deep freeze of winter sets in is very appealing to most home buyers. Low temperatures and poor weather conditions may make moving a little more difficult. Furthermore, by wintertime most kids have settled into school, established friendships, and become involved in extra-curricular activities. By moving in early autumn, not only do you avoid interrupting your children’s schooling (or higher educational pursuits in the case of teen and adult family members), but you gain the added benefit of eluding the summer temps.

2. Important first time buyer tip

Given that fall is the second busiest season of the year for buying and selling houses, you may be tempted to put a bid on a home that is out of your price range for fear that another buyer will better your offer or snatch it before you. Carefully assess your financial situation ahead of time and before your feet hit the pavement, know what your ceiling is and stick to it like glue. Remember: Just as there are many fish in the sea, there are many houses in the real estate market now and certainly in the future.

 3. Year-end tax breaks to keep in mind

Come September and October, people are already starting to think about what year-end tax breaks they may be eligible for. Fortunately for homebuyers, owning a home can yield great dividends in tax returns. For example, both mortgage interest and property taxes are deductible from gross income. Furthermore, if you have prepaid some interest before the due date of your first payment and you close your loan before the year’s end, that amount will also be deducted. Don’t miss out on finding your dream house; it’s a good idea to examine the classified ads more often since the listings are updated more frequently. More info HERE

With top ranking results and personalized service no matter the season, Gloria Matlin is ahead of market trends and understands the benefits of selling, buying or both during this season. Over 2 decades of high sales/production results and exceptional client centered performance, Gloria Matlin is a consummate expert within the Chicago North Shore real estate profession.  She calls Glencoe’s Coldwell Banker Residential Real Estate office home-640 Vernon Avenue, 60022; in the center of the downtown district.

Glencoe-North Shore Market Trends: Update July-August2013

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Chicago North Shore real estate sales figures surged in the month of June according to the recent market reporting by the Illinois Association of REALTORS®. Statewide home sales increased 14.9% over previous-year levels in June and median prices increased 9.7%, maintaining an impressive span of sales gains that show resurgence in the housing market is ongoing. This marks 24 consecutive months of year-over-year sales increases in the North Shore-Chicago region.

The recent North Suburban gains are representative of housing market recovery statewide. Eagerness on the part of buyers shows no signs of slowing down even with rising home prices. All signs of a move towards a consistently stable housing market.  In addition the North Shore days on the market time has fallen averaging 30.8 percent to 112 days. Absorption rates improved as Month’s Supply of Inventory was down 46.7 percent to 4.5 months. New Listings in the North Shore-Barrington region increased 16.0 percent to 1,259. Listings Under Contract were up 27.4 percent to 880. Inventory levels shrank 31.3 percent to 2,927 units. The Median Sales Price increased 6.0 percent. These figures create an ideal time for sellers to enter the market and buyers to take advantage of ideal affordability. Data provided by the North Shore-Barringtion Association of Realtors and Midwest Real Estate Data, LLC. See the supporting image below (click to enlarge):

MarketOverview-June13

The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central-North Shore region was 4.09 percent in June 2013, up from 3.55 percent during the previous month, according to the Federal Home Loan Mortgage Corp. Last June it averaged 3.67 percent. Although Rising interest rates “appear not to be dampening demand and continued upward pressure on rental prices is clearly encouraging more potential buyers into the market;” stated Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois. See supporting data image below (click to enlarge):

InterestRates-June13Forty-seven (47) of 102 Illinois counties reporting to IAR showed year-over-year home sales increases in June 2013. Forty-four (44) counties showed year-over-year median price increases including Cook, up 16.7.

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 July 7, 2013 for the period June 1 through June 30, 2013 and will continue into July and August 2013.. 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.

The Illinois Association of REALTORS® is a voluntary trade association whose 41,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation to safeguard and advance the interest of real property ownership. Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.        

 

Look to Gloria Matlin, A top selling Chicago-North Shore Realtor with a long standing profile of successful client focused results. She produces a consistent level of quality real estate services, and goes above and beyond to ensure each and every one of her client’s dreams come true.  As North Shore real estate professional for over 25 years, she maintains her national top 1% elite status by performing at an optional level all while maintaining her commitment to yielding happy clients; whether someone is looking to relocate to the North Shore, or are first time buyers, downsizing, upgrading to a luxurious property, or even for the seasoned investor, she is North Shore-Chicago’s consummate real estate resource.  She calls Glencoe’s downtown Coldwell Banker Residential Real Estate office on 640 Vernon Ave-60022…home!

Real Estate Outcomes June2013: Chicago’s North Shore

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JuneRealEstateReportsProperty Sales

North Shore-Chicago June Property sales were up 25.8% from market action reports as of June of 2012 and 17.5% higher than the average sales volume last month. June 2013 sales were at their highest level compared to June of 2012 and 2011. June YTD sales of 1,876 are running 27.6% ahead of last year’s year-to-date sales of 1,470 real estate totals.

Prices

The Median North Shore Sales Price in June was up 7.7% compared to June of 2012 and up 17.4% from last month. The Average Sales Price in June was up 4.7% from totals listed in June of 2012 and up 19.0% from  totals published last month. June 2013 ASP (average sales price) was at highest level compared to June of 2012 and 2011.

Inventory & MSI

The Total Inventory of Chicago North Suburban Properties available for sale as of June was down -2.1% from last month’s market action totals and down -33.5% from totals in June of last year. June 2013 Inventory was at the lowest level compared to June of 2012 and 2011. A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The June 2013 MSI of 2.7 months was at its lowest level compared with June of 2012 and 2011.

Market Time

The average Days On on the North Shore 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 Seller’s North Shore market. The DOM for June was 70, down -12.5% from 80 days last month and down -18.6% from 86 days in June of last year. The June 2013 DOM was at its lowest level compared with June of 2012 and 2011.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Chicago North Shore Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The June 2013 Selling Price vs List Price of 96.3% was up from 95.8% last month and up from 94.0% in June of last year.

Inventory / New Listings / Sales

The image above of the North Shore market combines monthly inventory of Properties for sale along with 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 Suburban Listings in June 2013 was 645, down -4.7% from 677 last month and up 21.9% from 529 in June of last year.

A Chicago North Shore Realtor, Gloria Matlin remains a top performer, ranking high nationally for her ongoing personable and tenacious real estate approach. She produces consummate results centered around the needs and wishes of her clients, and has for over 25 years. Look to her for real estate updates, reports, data, insight, market conditions, action reporting, trends, and even local north shore events or places to go. She is located in the North Shore’s top selling real estate office-Coldwell Banker residential real estate, 640 Vernon Ave, Glencoe, Illinois-60022.

Summer Real Estate Trends to Follow-North Shore-Chicago Real Estate

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As the North Suburban market in Chicago heats up and sellers as well as buyers regain control, here are a couple of trends to review and consider:

North Shore Summer Trends 2013

Summer

Are you prepared for home ownership?-North Shore Real Estate

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glo360:

This is a well crafted breakdown of what may be needed as a first time home owner on Chicago’s North Shore or anywhere.

Gloria Matlin is among the highest performing Realtors on the North Shore of Chicago. Producing client centered results for well over 25 years; she prides herself on making real estate dreams come true.

Originally posted on mortgagemaestro:

There is so much more to consider when buying a home besides finding a good lender and realtor.  Have you prepared yourself for what exactly home ownership will cost you, outside of your monthly mortgage payment?  For most first time homebuyers the thought of home ownership is so exciting and this energy and excitement can sometimes put a glaze over your eyes that prevents you from seeing the “big” picture of home ownership.  When saving for that down payment (even if you are using down payment assistance) you should also be saving  for some out of pocket costs you will need for your new home, some expected and also the unexpected.  After being a home owner and working with many first time home buyers these are the items I feel are important to be prepared for, some you may already be familiar with but some I think get overlooked. 

Bills to be prepared for:

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New Listing-4525 Lindenwood Ln., #Northb

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New Listing-4525 Lindenwood Ln., #Northbrook..MAINTENANCE FREE 1 FLOOR LIVING..See Tour! http://ow.ly/i/Ic6y http://ht.ly/bITHV

Glencoe-North Shore Market Trends: Update April-May2012

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As of April2012, North Shore-Illinois real estate home sales reports reflect the best housing conditions in four years according to the Illinois Association of REALTORS®!

Statewide home sales including Chicago’s North Shore-Cook County area (single-family homes and condominiums) in March 2012 totaled 9,575 homes sold, up 21.1 % from 7,904 home sales in March 2011. This was the best March real estate performance since 2007 when 11,979 homes were posted as being sold.

“Sales volumes are up, time-on-the-market levels are down significantly from a year ago and prices appear to be stabilizing in Illinois although continuing to fall in Chicago. Further, in the last month there was a more even spread of sales prices compared to previous months where homes sold for less than $200,000 dominated the market;” according to said Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) at the University of Illinois.

The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central as well as the North Shore region was 3.99 percent in March 2012, down from 3.91 percent during the previous month, according to the Federal Home Loan Mortgage Corporation. Last year in March it averaged 4.86 percent.

In the nine-county Primary Metropolitan Statistical Area (PMSA) which includes Chicago’s North Shore, home sales (single family and condominiums) in March 2012 totaled 6,590 homes sold, up 23.8 percent from March 2011 sales of 5,323 homes. The median price in March 2012 was $151,850 in the Chicago PMSA, down 3.9 percent compared to last year’s data in March when it was $158,000.

Distressed properties-foreclosures which were once backed up in the court system are beginning to be resolved, interest rates continue to be at near-record lows and prices are attractive; mentioned Alonzo Loretta president of the Illinois Association of REALTORS®  . Bob Floss, president of the Chicago Association of REALTORS® stated that “REALTORS® are continuing to see an increase in the number of buyers looking to buy a home today, as rents are going up and interest rates are at an all-time low. I could not agree more!

More than half of Illinois counties reporting showed year-over-year home sales statistics increases in March 2012. Sixty-seven (67) counties showed year-over-year median price increases including North Shore Cook County-Glencoe areas.

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-North Shore real estate Data LLC data as of April 7, 2012 for the period March 1 through May 2012. The Chicago-North Shore 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 at www.illinoisrealtor.org/marketstats or HERE

Our Coldwell Banker Residential Real Estate office, (located in Glencoe’s downtown district-640 Vernon Ave, 60022) is a wealth of North Shore real estate information. Our award winning realtors can answer questions about real estate reports, market conditions, statistics, projections and real estate history.  Stop in today for a free market summary.

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