Holiday Market Updates-North Shore Chicago Real Estate

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Seasonal Chicago North Shore real estate news…

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Visit www.gloriamatlin.com for more information

Gloria Matlin’s area of expertise spans 25+ years with a high-ranking, accolade supported background in new construction and luxury Chicago-North Shore real estate. She with son Zack Matlin, enjoy helping clients form their North Shore real estate dreams from start to finish; whether the client is a first time buyer or seasoned investor, she lends her proven top performing skill-set every step of the way. As a Certified Relocation Specialist– “On The Go? Move With Glo!” Gloria and Zack help out of area buyers, and those relocating find the perfect North Shore place to call home. Representing sellers has always been a passion, creating top producing marketing plans to fit each individual clients needs and helping the client get through what can be an emotional venture.

 

Real Estate Outcomes October2014: Chicago’s North Shore

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Prices

Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

Confirmation of Late autumn ongoing North Shore Chicago progress…The Median Sales Price in October was up 15.1% from price-points in October of 2013 and up 5.7% from last month. The Average Sales Price in October was up 14.6% from market action reporting in October of 2013 and up 10.5% from last month. October 2014 ASP was at highest level compared to October of 2013 and 2012.

Selling Price vs Listing Price

The 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 Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The October 2014 Selling Price vs List Price of 95.6% was up from 95.3% last month and down from 95.8% in October of last year.

Property Sales

Chicago North Shore October Property sales were down -4.4% compared to market action reporting in October of 2013 and -5.7% lower than sales last month. October 2014 sales were at a mid-level compared to October of 2013 and 2012. October YTD sales totals are running -11.5% behind last year’s year-to-date sales final market outcomes.

Inventory & MSI

The Total Inventory of North Shore Properties available for sale as of October was down -7.6% from last month and up 15.2% from totals in October of last year. October 2014 Inventory was at a mid-range compared to October of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2014 MSI of 5.3 months was at a mid-range compared with October of 2013 and 2012.

OctMarketReport-2014-GM

Inventory / New Listings / Sales

The summary North Shore-Chicago view 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 North Shore Listings in October 2014 was down -24.6% from final totals reported last month and up 10.2% from final figures recorded in October of last year.

A steadfast, top producing, Chicago-North Shore real estate resource for over 25 years, Gloria Matlin is known as the consummate professional. Clients praise her and provide ongoing feedback on her sense of staying ahead of market outcomes, an extensive top performing background in marketing, invaluable North Shore community insight, and a high-ranking client focused desire to make North Shore real estate dreams a reality. Visit Gloria Matlin HERE and HERE to review testimonials and for an online introduction; or simply stop by her exceptional residential real estate office-Coldwell Banker, 640 Vernon Avenue in Glencoe, Illinois, 60022.

Real Estate Outcomes September2014: Chicago’s North Shore

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Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

Inventory & MSI

The Total North Shore-Chicago Inventory of Properties available for sale as of September was up 1.5% from market action reporting last month and up 13.8% from ending real estate figures in September of last year. September 2014 Inventory was at a mid-range compared to September of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2014 MSI of 5.2 months was at a mid-range compared with September of 2013 and 2012.

Selling Price vs Listing Price

The North Shore Selling Price vs Listing Price reveals the average amount that 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 September 2014 Selling Price vs List Price of 95.3% was down from 96.0% last month and down from 96.0% in September of last year.

Property Sales

Chicago- North Shore September Property sales were down -8.6% from market action results noted in September of 2013 and lower than sales last month. September 2014 sales were at a mid-level compared to September of 2013 and 2012. September YTD sales are running -12.3% behind last year’s year-to-date sales figures.

GM-SeptMarketAction

Prices

The Median North Shore Sales Price in September was down compared to sales data in September of 2013 and down -15.7% from last month. The Average North Shore Sales Price in September was down -1.7% from calculated totals in September of 2013 and down -15.7% from last month. September 2014 ASP was at a mid-range compared to September of 2013 and 2012.

Inventory / New Listings / Sales

The summary view above of the Chicago North Shore 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 September 2014 was up 13.8% from last month and up 13.3% compared to September of last year.

The North Shore Fall season continues with a top tier real estate professional recently listed among the highest producing Realtors for the second quarter of 2014. Gloria Matlin maintains her optimally performing status by providing the highest quality service and focusing her attention on helping each and every client realize their Chicago- North Shore real estate dreams!  With over 25 years of keen real estate market insight, marketing savvy, and a friendly but tenacious approach, Gloria Matlin is the ideal real estate professional you want representing you this season and for all times. Her home office – 640 Vernon Avenue, Glencoe, Illinois, 60022-Coldwell Banker Residential Real Estate.

The Joys of Real Estate-Chicago North Shore

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Experience the Best...

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Gloria Matlin, the consummate real estate professional on the North Shore of Chicago, has joyfully serviced the Glencoe, Winnetka, Wilmette, Highland Park, Kenilworth, Northbrook, Deerfield, Northfield, Lincolnshire, Buffalo Grove, and Glenview communities for over 25+ years.  Gloria’s area of expertise includes a robust background in new construction and luxury residences. She enjoys helping clients create their North Shore real estate dreams from start to finish, whether the client is a first time buyer or an empty nester she lends her expertise every step of the way. She is also a Certified Relocation Specialist– “On The Go? Move With Glo” helping out of area buyers find the perfect place to call home. Representing sellers has always been her passion, creating the best marketing plan to fit each individual clients needs and helping the client get through what can be an emotional endeavor with ease.

Real Estate Outcomes May2014: Chicago’s North Shore

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MarketAction-May2014-GMPrices

Summer makes a grand entrance with The Median Chicago North Shore Sales Price in May up 24.8% from sales figures calculated in May of 2013 and up 18.6% from last month. The Average Sales Price in May was $698,787, up 24.6% from $560,610 in May of 2013 and up 15.8% from $603,202 last month. May 2014 ASP was at highest level compared to May of 2013 and 2012.

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that North Shore-Chicago 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 Seller’s market. The May 2014 Selling Price vs List Price of 96.3% was up from 96.1% last month and up from 95.8% in May of last year.

Property Sales

May North Shore-Chicago Property sales were down -20.1% from sales volumes reported in May of 2013 and 17.0% higher than North Shore property sales last month. May 2014 sales were at their lowest level compared to May of 2013 and 2012. May YTD sales are running -12.9% behind last year’s year-to-date sales totals.

Inventory & MSI

The Total Chicago North Shore Inventory of Properties available for sale as of May was up 8.7% from final inventory totals last month and down -2.9% from figures calculated in May of last year. May 2014 Inventory was at the lowest level compared to May 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 May 2014 MSI of 4.2 months was at a mid-range compared with May of 2013 and 2012.

Market Time

The average Chicago 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 May was 54, down -12.9% from 62 days last month and down -31.6% from 79 days in May of last year. The May 2014 DOM was at its lowest level compared with May of 2013 and 2012.

Inventory / New Listings / Sales

The summary view of the market above combines monthly inventory of North Shore Properties for sale along with Chicago-North Shore 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 Shore Listings in May 2014 was 750, up 9.2% from 687 last month and up 10.3% from 680 in May of last year.

This summer is forecasted to be a top performing, optimally ranking, high producing season for Gloria Matlin. Thanks to ongoing referrals, glowing feedback, and a sincere desire to help make Chicago North Shore real estate dreams come true, Gloria Matlin continues the tradition of consummate quality real estate service. Her clients repeatedly highlight that her tenacious, pleasant, personable, thorough, and seasoned approach, along with invaluable community insight keep her among the elite group of Realtors on Chicago’s North Shore. She has called Coldwell Banker’s residential real estate office of North Shore- Chicago in the village of Glencoe, Illinois home for over 25 years – 640 Vernon Avenue, 60022.

Real Estate Outcomes April2014: Chicago’s North Shore

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AprilMarketReport-GM-2014Property Sales

Chicago North Shore April Property sales were 285, down -19.0% from market action reporting in in April of 2013 and 32.6% higher than the 215 sales last month. April 2014 North Shore sales were at a mid-level compared to April of 2013 and 2012. April YTD sales totals are running -10.0% behind last year’s year-to-date sales results.

Prices

The Median North Shore Sales Price in April was up 6.2% from North Shore market totals in April of 2013 and down -1.5% from sales volume totals calculated last month. The Average Sales Price in April was up 7.5% from totals generated in April of 2013 and down -4.3% from last month. April 2014 ASP was at highest level compared to April of 2013 and 2012.

Inventory & MSI

The Total Inventory of Chicago North Shore Properties available for sale as of April was up 9.9% from reporting calculated last month and down -11.3% from figures generated in April of last year. April 2014 North Shore Inventory was at the lowest level compared to April 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 April 2014 MSI of 4.4 months was at a mid-range compared with April of 2013 and 2012

Market Time

The average Chicago North 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 April was 61, down -7.6% from 66 days last month and down -17.6% from 74 days in April of last year. The April 2014 DOM was at its lowest level compared with April of 2013 and 2012.

Inventory / New Listings / Sales

The North Shore summary view above of the Chicago North Shore market combines monthly inventory of Properties for sale along with New North Shore Listings and Sales. The graph shows the basic annual seasonality of the market action reporting as well as the relationship between these items. The number of New North Shore Listings in April 2014 was up 17.5% compared to last month and up 1.8% from North Shore real estate volume figures in April of last year.

 

2014 adds another year of high producing, top ranking, and top performing North Shore Chicago real estate experience for Gloria Matlin. For well over 2 decades, Gloria Matlin has been a consummate North Shore real estate resource, with client focused guidance, and top tier service towards making North Shore real estate dreams a reality.  First time buyers, seasoned investors, empty nesters, relocation assistance, new construction, marketing/technology-Gloria Matlin can and has assisted with all these specific or even combined Chicago North Shore real estate aspects.  Contact her or reply to this post for additional details.

What Is A Mortgage Pre-Approval?

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Here to be your Chicago North Shore real estate guide, Gloria Matlin can provide unparalleled real estate service to first time buyers, seasoned investors, or those wanting to gain more knowledge about the ever changing but productive North Shore Chicago real estate market. With over 30 years of client centered, top producing North Shore Realtor success, Gloria Matlin has an accurate and keen pulse on real estate conditions on the Northern Shores of Chicago. She can be found in her high producing, nationally top ranking Coldwell Banker residential real estate office of Glencoe, Illinois-640 Vernon Ave., 60022.

Andy Horn Real Estate Blog

When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it’s when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will have to provide your lender all of the same information you would need to show for qualifying for a mortgage. This means providing tax returns, bank statements and other documents that prove your net worth, how much you have saved for your down payment and your current obligations. What Conditions…

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