What does Home mean to you?

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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.

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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Real Estate Outcomes December2013: Chicago’s North Shore

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Dec2013Property Sales

Great beginning of the 2014 year news! Chicago North Shore December Property sales equal the same total sales volume results as listed in December of 2012 and 14.2% higher than sales market action reporting last month. December 2013 sales were at a mid-level compared to December of 2012 and 2011. December YTD sales of are running 21.7% ahead of last year’s year-to-date sales volume totals.

Prices

The Median North Shore Sales Price in December was up 32.0% in December of 2012 and down -0.7% from sales volume reported last month. The Average Sales Price in December was up 7.6% from final totals in December of 2012 and down -4.2% compared to market reporting last month. December 2013 ASP was at highest level compared to December of 2012 and 2011.

Inventory & MSI

The Total Chicago North Shore Inventory of Properties available for sale as of December was down -19.1% from last month and down -32.4% from totals calculated in December of last year. December 2013 Inventory was at the lowest level compared to December of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2013 MSI of 3.2 months was at its lowest level compared with December of 2012 and  2011.

Market Time

The average Northern Shore 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 December was 55, down -11.3% from 62 days last month and down -45.5% from 101 days in December of last year. The December 2013 DOM was at its lowest level compared with December of 2012 and 2011.

Selling Price vs Listing Price

The Chicago North Shore Selling Price vs Listing Price reveals the average amount that North Shore Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a  North Shore Seller’s market. The December 2013 Selling Price vs List Price of 95.7% was down from 96.0% last month and up from 93.3% in December of last year.

Inventory / New Listings / Sales

The view highlighted above of the North Shore real estate 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 December 2013 was 194, down -27.9% from last month and up 7.2% from total market action reports in December of last year.

With a new year brings the hope of prosperity, good health, and continued results. Gloria Matlin predicts a year filled with top performing, client centered, high ranking, and sincerely focused North Shore real estate outcomes. With over 30 years of trusted experience, she is a faithful Chicago North Shore buyer/seller advocate and accomplished, nationally recognized real estate professional.  Look to her for questions on this year’s proposed real estate expectations for 2014. Gloria calls Coldwell Banker’s Residential Real Estate office in Glencoe, Illinois, her business home-640 Vernon Avenue, 60022.