August 28, 2015
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School has begun, days are getting shorter, and the networks are eagerly trying to gear us up for football. And home sales are still brisk—despite historical seasonally adjusted outcomes we’re used to seeing.
Seasonal adjustments help make data that are inherently seasonal easier to compare month to month. You can’t get a good picture of whether it’s a good or bad year by comparing typically slow January with typically busy July. But they also lull us into a false sense of reality that all months are similar, or merely go up and down based on the strength of the market.
The raw data tell us that real estate follows a clear seasonal pattern. Inventory peaks in the summer. Sales peak in the summer. Real estate Web traffic peaks in the summer. Notice the trend?
But each local market has its own cycle. The school calendar plays a big role since families with kids prefer to move while school is out. And not all schools start at the same time.
Looking at existing-home sales data at the national level over the past several years, June averages almost twice the volume of sales as January. But inventory doesn’t vary quite as much. The typical peak for inventory is in July, but the inventory in July is usually only about 25% higher than in December. The discrepancy between the variation in sales and the variation in inventory presents an opportunity for buyers.
When sales are slower due to the season, the age of inventory rises. We monitor the median days on market of active listings, which typically bottoms in June and peaks in the winter months of December and January.
As the age of inventory increases, buyers could gain more leverage. That’s why prices are also seasonal, often peaking each summer when demand is highest and the age of inventory is lowest.
So take heart, would-be buyers! If you can resist the herd and ignore the school calendar , you will face less competition in the off-season. And if you can find a home that fits your needs, you will have more bargaining power! More info HERE
2015, September: With more than 25 years of top producing, high ranking, client focused performance, Gloria Matlin remains the consummate real estate professional for Chicago’s North Shore. Dedicated to making dreams come true and providing the highest quality service for each and every client, Gloria Matlin is the real estate resource you want for every season. See introduction HERE
July 23, 2015
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Recently Listed by Gloria Matlin – Click the image for more info
As we joyfully move through summer 2015, Illinois, Chicago and North Shore home sales saw a June surge of 12.5 percent higher than last year while median prices also saw strong gains, according to the Illinois Association of REALTORS®.
The time it took to sell a home in June averaged 63 days statewide, down from 68 days a year ago and faster than 72 days last month. Available housing inventory remained tight with 70,999 homes for sale, a 6.9 percent decline from June 2014 when there were 76,287 homes. In addition,
Sixty-one (61) counties recorded median price gains in June 2015 over previous-year numbers, including Cook County, up 9.2 percent and Lake County, up 14.0 percent. “Sellers keep reaping the rewards of a market that has continued to see median prices edge higher every month this year,” said Jim Kinney, ABR, CRB, CRS, GRI, president of the Illinois Association of REALTORS®. “A decrease in the number of days it takes on average to sell a home in Illinois shows that buyers are undeterred by the steady upward tick in prices.” Consumer interest remains keen, as shown by the month-over-month increases in sales recorded since February and the relatively short time it is taking to sell a home. More information can be found HERE
Real estate is all about location,location, location…Click the image below to explore local market conditions, sales trends and more through Coldwell Banker’s detailed yet easy to understand videos that capture facts and info you need for any location you choose:
Monthly Market Update (Click to Play)
With long standing top producing, high ranking, client focused passion for real estate, Gloria Matlin remains North Shore’s consummate real estate professional. With over 25 years of experience, confidently look to her for all things Chicago’s North Shore real estate.
June 5, 2015
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The carefully chosen amenities bring the “old world” charm to a new level of luxury! This Exquisite East Kenilworth, Illinois English manor has elegant design and craftsmanship throughout. A Generous living room with French Doors that lead to a music room. The Stunning gourmet kitchen with separate breakfast room, or Sumptuous master suite on 2nd level, in addition a Magnificent private terraced back yard with 2 separate blue-stone patios, as well as a three car heated garage. Click the image below for additional details:
Presenting 74 Tudor Place in Kenilworth (Click the image for details)
May 13, 2015
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Chicago North Shore real estate is well within the spring buying and selling season. North Shore Realtors may often advise clients of four basic principles to get your home in top “list ready” condition. Buyers and sellers alike are out right now (on-line and in-person) perusing real estate options on places like Zillow and Trulia. Using these tips can promote a competitive standing in the market and make buyers appreciate the thoughtful preparation by doing the following:
1. Clean and Organize. Eliminate any clutter and pack up your least-used items, such as large pictures or photos, out-of-season clothes, non-used kitchen items, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or even the basement. Clean the windows, carpets, walls, flooring, lighting fixtures, and baseboards to make the house sparkle. Having a garage sale may even be an option if time permits.
2. Go crazy on the curb appeal. Spring and summer mean getting out and enjoying the weather. It also means every detail of the outside of your home is far more noticeable. Just put yourself in a potential buyers shoes and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly displayed? Is the address clearly visible from where you are? Are pretty flowers or plants framing the entrances? Is the walkway free from debris and impediments?
3. Collect needed replacement estimates. Do you have big-ticket items that are worn out, out dated, or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace those things, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be a helpful guide for both parties when negotiations begin.
4. Know where to find your warranties. Collect the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other appliances or equipment that will remain with the house after it’s sold.
Now for May 2015-The North Shore-Chicago Coldwell Banker Residential Brokerage office located at 640 Vernon Ave in Glencoe, Illinois-60022; is home to Gloria Matlin and partner Zack Matlin. The office has been a high performing real estate resource for the North Shore area for well over 40 years. Stop in today to discover how this elite team can assist with home buying, home selling, home rentals, market action reports, or just to get info on Chicago’s North Shore communities and things to do/places to go!
May 5, 2015
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Spring 2015 well wishes, and happy Mother’s Day from Gloria Matlin and Zack Matlin. With over 25 years of dedicated Chicago North Shore real estate experience, personable, driven, top producing, high ranking real estate professionals with a client centered focus for making real estate dreams come true; look to this dynamic team for an elite level of North Shore real estate service on the North Shore of Chicago.
Originally posted on The Mash Team:
Home is where Mom is, so why not give Mom a piece of home this Mother’s Day?
Don’t forget Mother’s Day is May 10th this year! As we discovered last year, Home is Where Mom is. So, why not give Mom a little piece of home this Mother’s Day? These 5 unique homemade Mother’s Day Gifts are guaranteed to show her how much you care.
Lemon Sugar Scrub via Living Locurto – Mom deserves a little R&R. Give her a spa day at home with a DIY lemon sugar bath scrub and then leave her alone long enough to take a nice relaxing bath.
Tile Photo Coasters – Give mom a gift that’s worth a thousand words and serves a practical purpose. These tile photo coasters are an easy do-it-at-home Mother’s Day Gift that will make Mom smile every day over her morning coffee.
Chalkboard Flower Pots via Learning, Creating, Living –…
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March 23, 2015
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Chicago North Shore closing figures in February Property sales were up 16.7% from closing totals in February of 2014 and 0.8% higher than market action reporting sales last month. February 2015 sales were at their highest level compared to February of 2014 and 2013. February YTD sales are running 4.3% ahead of last year’s year-to-date sales totals. See the video below for a more expanded view of the market in several North Shore Chicago areas.
Real estate on Chicago’s North Shore and across the country is all about location, location, location…with that in mind, provided in the attached image are the facts and information you need for Glencoe and/or any location you choose!
Monthly Market Update (Click to Play)
Review local market conditions, sales, trends, and more through the detailed yet efficient and easy to understand videos.
2015, March – Spring offers a fresh start! Look to Gloria Matlin with partner Zack Matlin to get the most up-to-date data on buying, selling, investing, or relocating to Chicago’s North Shore this season. With over 25 years as a trusted real estate resource, Gloria Matlin is the consummate, client centered, savvy real estate expert you want representing you for one of the most important transactions in a lifetime. Coldwell Banker Residential Real Estate office of Glencoe, Illinois-640 Vernon Avenue, 60022.