December 15, 2012
broker, Glencoe Homes for Sale, glencoe realtor, market action report, Moving to the North Shore Chicago, North Shore Homes For Sale, North Shore Realtor, Relocating to the North Shore, Relocation, Relocation Specialist
Chicago, Chicago North Shore, Chicago north shore Realtor, Gloria Matlin, market conditions, north shore real estate agent, North-Shore, property, real estate, Real estate broker
On Chicago’s North Shore and around the country, relocating has become more common. Some relocate for work, have decided to move somewhere for greater lifestyle access, or are looking for a change of scenery. You may be faced with buying a home in a city that is not only unfamiliar, but in an area larger than anticipated. If you are a real estate investor or frequent vacationer, you might also be looking to buy property far from home base. Of course, buying real estate anywhere other than your current city presents a unique set of circumstances. Here are 4 tips for getting to the end goal….Relocation success!
1. Get a North Shore Real Estate Agent
Look for an experienced North Suburban Realtor/Broker in your intended village/city. Because of possible unfamiliarity with the area and the other unique challenges of not buying locally, you want to work with a professional who really knows what they’re doing. You may even be able to find an agent who specializes in helping people who are relocating, and who will be acutely aware of both your unique requirements and their ability to educate you about the local North Shore real estate market. You want a professional who can steer you toward exceptional neighborhoods and an ideal fit to with your lifestyle and overall needs.
Make sure you fully inform the North Shore real estate agent about your situation. For example, what is your moving timeframe? When will you be able to visit the area? Can the agent set aside a day to show you numerous North Shore properties while you’re in town? More than likely you’ll have limited time to view properties in person, and you’ll need someone who can help you organize and maximize your time. An experienced, high performing North Shore Realtor can do just that.
2. Get familiar with Possible North Shore Neighborhoods
All the usual criteria will also apply when searching for the right North Shore neighborhood – affordability, school quality, proximity to work, etc. The specific neighborhood you choose should reflect your current needs and lifestyle requirements.
3. Get Familiar with the Local North Shore Real Estate Market
Take advantage of all the resources available to you, including your Chicago North Shore real estate agent, in-person visits, chats with local residents, and online real estate reports, data, research, and listings to learn about your new digs. Ask lots of questions of your realtor, they are a wealth of market conditions information.
4. Don’t Avoid an In-Person Visit
And finally, once you’ve decided what you want, reviewed your must have list with your North Shore Realtor, done all your research, or found a few potential properties, you’re ready to get serious about taking the next steps and ultimately making an offer. But make sure you visit the homes in person at some point. Buying a home sight unseen can be tricky. No matter how much you trust your real estate agent’s sound judgment, the only person who really knows if you will like a particular property is you. More info HERE and HERE.
As a certified Cartus Relocation Specialist, Gloria Matlin helps out of area buyers and sellers find the perfect North Shore property to call home..On the Go? Move with Glo! She understands that moving/relocating can be an overwhelming and emotional endeavor. She prides herself on her North Shore community knowledge, involvement and; embracing the newest real estate tools/trends that keep her in the forefront so she can be there for her buyers-sellers 24/7.
October 9, 2012
data, Glencoe Real Estate Office, housing, market action report, North Shore Market Data, property value, Reports, Top North Shore Realtor, Trends, volume
Chicago, Glencoe, market action report, market conditions, North-Shore, october2012, real estate, September 2012, Supply and demand
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.
July 20, 2012
data, glencoe realtor, housing, North Shore, North Shore Market Data, North Shore Market Reports, North Suburban, property value, Trends, volume
analysis, Gloria Matlin, homes for sale, June 2012, market conditions, North-Shore, real estate, Supply and demand
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!