Recenly Reduced North Shore Gem: 1708 Northfield Square

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During this Halloween weekend (October 29th & 30th), you may want to make time to see this immaculate 2BR/2Bath Condo with a recent price reduction..Priced for a quick sale within a great North Shore location– Northfield, Illinois. The property includes 1 car garage.  A bright unit with wonderful North Shore real estate possibilities. Sliding doors with southern exposure from Living Room and Master Bedroom. Kitchen has juliet balcony. “SOLD AS IS”.  CLICK THE PHOTO TO SEE THE VIRTUAL TOUR

Contact Gloria Matlin with Questions or to Request a Showing!

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Top Tips to Consider-Buying or Selling a North Shore Home Now?

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First let’s tackle selling your North Shore home. The response to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are 4 reasons why “now” may be best:

1. Distressed Properties Will Impact Prices

Distressed properties (foreclosures and short sales) on the market will increase this fall and winter. This will put tremendous downward pressure on prices for at least the next 12-18 months. Get your home sold before they become your competition.

2. Mortgages Will Become More Difficult to Attain

Lending standards are continuing to tighten. There is legislation currently being considered that will make it even harder for buyers to qualify. Less demand will equate to lower prices.

3. It is the Perfect Time to Move-Up

With prices where they are and interest rates at all time lows, there may have never been a better time to move-up into your dream home.

4. You Get to Move On with Your Life

Probably the most important reason to sell is so you can get on with your life. You are considering selling for a reason. Do not allow a less-than-stellar housing market prevent you from reaching your goals as an individual or as a family…MORE

Last but not least, let’s address buying a North Shore home. Market indicators suggest now is the time to do just that. Some will say realtors highlight this fact to create transactions and commissions. Because of that, listed below are supported quotes from individuals outside of the real estate profession who offer sound financial advice. Take note of the 3 quotes:

1.“It’s an excellent time to buy a house, either to live in for the long term or for investment income…Houses aren’t the magic wealth creators they were made out to be during the bubble. But when prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.” It’s Time to Buy That House-WSJ

2.“The previous declines in house prices and the more recent drop in mortgage rates to record lows have created an unusual situation in which the median monthly mortgage payment is more or less the same as the median rental payment.”

3.“Even with a dismal 1% growth rate over 30 years, a $300,000 property would appreciate well over $100,000 giving the homeowner an additional nest egg for retirement… At a time when retirement is becoming much more challenging, an extra $400,000 (or likely more) can make a major difference not to mention the impact of NOT having to pay a mortgage.  How much less would you have to save for retirement if you didn’t pay the mortgage?” …MORE INFO

In the end, when real estate professionals, a trusted financial newspaper and an iconic financial magazine say that it now makes financial sense to purchase or sell a house, perhaps it is time.

How to Prepare Your Home for Winter: North Shore Real Estate Trends

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Looking for things to do this weekend?  North Shore,IL folk know, this is a “must do” before old man winter gets here…winterizing your home. So maybe after the Highwood Pumpkin Festivals, Halloween parties,  Glencoe Farmers Market, garage sales and other  fall activites, add this to the list. A handy guide is provided below that can help put you in the mood. Winterizing should be done by everyone, especially those selling real estate or thinking of putting  property on the market for sale. Prospective buyers, as well as holiday guests/visitors will notice and appreciate the extra steps taken.

While September brings the first day of fall, October -November can be the harbinger of the winter and all of its frigid pitfalls. It’s best to be prepared for the North Shore frost and snow with a few simple tasks that will prevent drafts, frosty windows and every homeowner’s nightmare: Busted pipes.

A good place to start prior to tackling problem areas in your home is a property energy audit. This will pinpoint specific places in your house where heat escapes. The U.S. Department of Energy has a do-it-yourself energy assessment, or you can hire someone to do the audit for you.

Weatherstripping:

Cold air can seep in through those little gaps between your door and the door frame, quickly reversing any effort you take to heat your home. Weatherstripping covers the sides and top of the door and a sweep fills the space between the threshold and door bottom. Hardware stores and home centers sell numerous products in metal, foam, rubber and plastic for this purpose and many can be installed in an afternoon.

Windows:

This may be another area where additional weatherstripping or caulk is needed to fill any visible gaps, though that still might not be enough remediation to prevent drafts. While windows add much needed winter light, they can let out a lot of heat — up to 12 times more than a wall if they’re single pane. Blinds can keep a little heat in, but heavier shades or curtains will minimize heat loss.

Fireplace:

Fantasizing about a cozy evening in front of the fire? Your romantic night might be cut short if your fireplace hasn’t been serviced. The National Fire Protection Association recommends that chimneys are swept at least once a year.

Furnace:

It’s also recommended that furnaces be serviced…..MORE

Glencoe-North Shore Market Trends: Update Oct-Nov2011

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Great North Shore Real Estate news just released…In the nine-county, including North Shore, Chicago Primary Metropolitan Statistical Area (PMSA), home sales (single family and condominiums) in September 2011 totaled 6,035 homes sold, up 13.3 percent from September 2010 sales of 5,326 homes. The median price in September 2011 was $160,000 in the Chicago PMSA, down 8.6 percent compared to last year in September when it was $175,000.

“Home sales are up significantly from last year and that’s a welcome signal for the Illinois housing real estate market; still we would expect to see even more people taking advantage of these excellent affordability conditions with low mortgage interest rates,” said REALTOR® Loretta Alonzo, CRB, GRI, president of the Illinois Association of REALTORS® and broker-owner of Century 21 Alonzo & Associates in LaGrange Park. “The slow economy and job recovery are severe drags on the market, plus many able buyers are hitting roadblocks on financing a property purchase due to the overcorrection in mortgage underwriting requirements. The fact that FHA home loan limits lowered on Oct. 1 for Chicago area counties and several downstate counties is another blow for would-be buyers.”

Adds Alonzo: “Illinois REALTORS® join the national REALTOR® organization as well as other housing industry groups and economists to urge action on reforms to housing financing as well as mortgage refinance programs for homeowners facing foreclosure.”

Sixty-three percent of Illinois counties reporting (63 of 100) showed year-over-year sales increases in September 2011. Forty-five percent (45 of 100) showed year-over-year median price increases.

In the city of Chicago, September 2011 home sales reports (single family and condominiums) totaled 1,498, up 6.8 percent from 1,403 homes sold in September 2010. The city of Chicago median home sale price for September 2011 was $190,000, up 5.6 percent compared to September 2010 when it was $180,000.

“September home sales in the city of Chicago-North Shore show signs of stabilization, with an increase in the units sold for both single family and condominiums,” said REALTOR® Bob Floss, president of the Chicago Association of REALTORS® and broker-owner of Bob Floss and Son Realty. “While interest rates remain historically low and prices compelling, we remain concerned of the overall economic stability of our marketplace with unemployment numbers and job creation still top of mind for so many buyers and homeowners, alike.”

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.

Review Illinois housing stats data and the University of Illinois REAL forecast office for October through November 2011 at www.illinoisrealtor.org/marketstats.

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Glencoe Garage Sale-Visit our North Shore Office for Info!

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Coldwell Banker of Glencoe, Illinois is sponsoring a village wide garage sale:

This Sunday October 23rd from  10 a.m.-4 p.m

Small unsold items will be donated to charity.

For more information or to get an area map for the event stop by the Coldwell Banker Residential real estate office located at:

640 Vernon Ave, Glencoe,IL 60532

847-835-0236

Coldwell Banker of Glencoe services North Shore‘s Evanston, Glencoe, Glenview, Kenilworth, Lincolnwood, Northbrook, Northfield, Skokie, Wilmette, Winnetka, Deerfield, Highland Park, Highwood, Lake Bluff, Lake Forest, Lincolnshire, Riverwoods areas

The Glencoe office has been serving as the #1 ranked office in the North Shore real estate market for over 45 years. Our highly trained, top producing full-time sales staff is proud of our strong community involvement, and our commitment to customer service is legendary. We provide timley and complete real estate market trends, reports, statistics and community/real estate news 24/7. Our Sales Associates average 15 years experience. Glencoe, a quiet and quaint town offering a lifestyle of luxury, elegance and fine homes.

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Top 5 Things to Do For Halloween: Chicago’s North Shore

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Halloween is one of the North Shore’s shining moments, with parties, parades, festivals and more. Even though Halloween is only one day, you can celebrate with spooky events all month long.  Check out the list of top options detailed below:

Date Title Venue City Type
    Thu 10.20.2011            Queens Go Bump in the night: A Halloween Drag Show Wilmette Theatre Wilmette North Shore Theater
    Thu 10.27.2011            Early Halloween Party and Fundraiser Kenilworth Fairs and Festivals
    Thu10.27.2011          Scream for Halloween Cooking Class Whole Foods, Deerfield Deerfield Cooking Demos and Classes
    Sun 10.30.2011            “Halloween Magic” Rosemont Theatre Fairs and Festivals
    Sun 10.30.2011            Vincentennial: A Halloween Tribute to Vincent Price with Special Guest Victoria Price Genesee Theatre Waukegan North Shore Theater

 

 

North Shore Open House: 1055 Julia Ct., Glencoe 1-3pm 10/16/11

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SUNDAY OPEN HOUSE: 1055 Julia Ct., Glencoe 1-3:00PM 10/16/11.See Virtual Tour HERE!

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