Sellers and Buyers in 2017’s North Shore Real Estate Market- 3 Things to Know

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Here on Chicago’s North Shore the spring 2017 real estate market is favorable for both buyer and seller alike. North shore agents are seeing busier open houses, quicker sales, even multiple offers.
But like houses, no two North shore sellers or buyers are exactly the same. Having a grasp of the mindset of both, can ease the North Shore real estate navigation process a bit. With the buy-sellhelp of an experienced solidly performing North Shore real estate professional, below are three scenarios sellers and buyers should be aware of in today’s market:

1. Buyers can be sellers and sellers become buyers

Often, sellers feel the same amount of stress or excitement that buyers feel because they’re somewhere in the buying process, too. Though some sellers may want to take additional time and become renters after their sale is complete, many will get back in the homeowner game soon after the sale goes through, sometimes immediately. Sellers, as would-be buyers, want to capitalize on low interest rates and home values. Getting the North Shore home sold quickly and at today’s value may be all a seller needs to make a purchase. Though it may be a “sellers’ market in some areas,” most sellers these days have a sense of empathy. They understand the buyer’s position and likely want to get out cleanly and quickly so that they, too, can buy.

2. Sellers are feeling relief 

Even the sellers who have successfully sold before are well aware of what happened in real estate markets over the past five years; news that the market is thriving, and in their favor can be a welcoming incentive for all involved. They’re more hopeful than they were even six months ago. Generally speaking, however, most sellers are still feeling somewhat cautious. They’re more likely to take a bird in the hand than to risk losing a sale because of a knee jerk instant reaction.

3. Advice for both sides

Real estate is a game, in a sense, in which both sides hope to achieve their goals, which is why it always helps to understand your “opponent. Take a moment to size up who the buyer is, how they got there and why they want to buy. Don’t make assumptions. Take a step back. Put yourself in their shoes.

Sellers aren’t the same as they were several years ago, when many were driven by other goals as the market’s rise seemed endless. Don’t go into this market, which is very different from even six months ago, assuming the same rules apply. Consulting with your competent Chicago-North Shore real estate professional, will put you in the right position for a successful and joyful transacti

Gloria Matlin with partner Zack Matlin are high-ranking real estate performers. Gloria is a dedicated professional with 25+ years of reliable, client centered, and savvy North Shore market insight. They can be found at the  premier Chicago North Shore Glencoe Coldwell Banker Residential Real Estate office – 640 Vernon Ave., 60022. More information HERE

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4 Reasons to Buy or Sell This Spring-North Shore Real Estate

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It is no surprise that a fresh start during the spring season for some means they’re ready to put their Chicago- North Graphic1Shore house on the market and/or start looking for a new Chicago-North Suburban place to call home.

Below are the top 4 reasons plus 1 tip on why spring can be an ideal time to get moving on selling, buying or both on the North Shore of Chicago:

1. A house on the market at the beginning of spring sets you up for a perfect timeline to move over the summer! The weather is most likely to cooperate with you during this time. A summer move is also ideal for those who have families…often better not to disrupt the children during the school year – especially if you’re relocating and changing school districts; this will allow a have a fresh start at the beginning of a brand new school year.

2. Uptick in traffic at open houses means increased probability of a sale. With milder weather, people are often more motivated to venture outside.

3. Houses look more appealing in the sunlight with nice curb enhanced greenery and/or flowers out front. Curb appeal is important year round. The spring shines a light on a home’s appearance literally and figuratively. It’s a little easier to make repairs to a home when the weather is mild. Spring is the time to finally stop putting off the little projects that have been building up through the winter. Fix that broken step banister put a fresh coat of paint on that chipped garage door, it can make the difference and have bearing on a buyer the moment they cross the threshold.

4. Take the fix-up projects a step further….There is certainly no better time to de-clutter than with the windows open for the first time after winter…can you say spring cleaning! Deciding to sell might be that extra push you need to finally get rid of those old clothes or an over abundance of toys. More tips and guides HERE and HERE

IMPORTANT TIP:

This spring season, look to knowledgeable and experienced Chicago North Shore real estate professionals. As a North Shore resident, Gloria Matlin  has kept an accolade producing  pulse on the North Shore real estate market for well over 2 decades. She and partner Zack Matlin intimately  know the North Shore communities.  With over 25 years of elite, client focused, top producing  experience, Gloria and her team sincerely want to make real estate dreams a reality for Spring 2015. For additional information and optimal attention/service, stop into their high-ranking Coldwell Banker Residential Real Estate office, located at 640 Vernon Avenue in downtown district of Glencoe, Illinois, 60022.

Real Estate Outcomes February2015: Chicago’s North Shore

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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)

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.

Real Estate Outcomes August2014: Chicago’s North Shore

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Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

Prices

The Chicago North Shore real estate market continues on a path of progress with the Median Sales Price in August up 12.0% from market action reporting in August of 2013 and up 14.5% from last month. The Average Sales Price in August was up 17.6% compared to August of 2013 and up 13.5% from last month. August 2014 ASP was at highest level compared to August of 2013 and 2012.

 Property Sales

August North Shore Property sales were down -13.9% from sales figures in August of 2013 and -8.3% lower than the sales totals last month. August 2014 sales were at a mid-level compared to August of 2013 and 2012. August YTD sales of 2,765 are running -12.2% behind last year’s year-to-date sales of 3,150.

 

Inventory & MSI

The Total Inventory of North Shore-Chicago Properties available for sale as of August 2014 was down -2.5% from figures calculated last month and up 14.3% from totals in August of last year. August 2014 Inventory was at a mid-range compared to August 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 August 2014 MSI of 3.5 months was at a mid-range compared with August 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 August 2014 Selling Price vs List Price of 96.4% was down from 96.7% last month and down from 96.8% in August of last year.

 MarketAction-GM-August2014

Inventory / New Listings / Sales

This view above of the market combines monthly inventory of Chicago North Shore Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the North Shore real estate markets as well as the relationship between these items. The number of New Listings in August 2014 was down -16.4% from market action totals last month and up 13.1% from figures noted in August of last year.

Often thought of as the consummate North Shore real estate professional, Gloria Matlin has a client centered style that focuses on elite real estate service and attention.  With over 25 years of top ranking, high producing accomplishments, a precise sense of area market trends and forecasts, she enjoys making dreams come true with each and every one of her clients.  Look to her for optimal performance with a sincere and personable approach to buying, selling, investing or even relocation related real estate endeavors. She calls Coldwell Banker residential real estate her home office-640 Vernon Avenue, Glencoe, Illinois.

Your Home’s Honey-Do List for June

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This summer, let a top producing, high ranking, optimally performing real estate professional, guide you through the sought after North Shore area of Chicago. Gloria Matlin has been assisting with North Shore real estate dreams for over 25 years. She prides herself on being a consummate professional with a stellar reputation for thorough, sincere, friendly, and tenacious service. She is located in the award winning Coldwell Banker residential real estate office of Glencoe Illinois – 640 Vernon Avenue, 60022.

Tri-Valley Real Estate Buzz

With summer around the corner, the days are getting longer…and so is the honey-do list. To help you out, we’ll be featuring a “Honey-Do List” at the beginning of each month to make sure you stay ahead of those around-the-house projects.

Here is your to-do list for the month of June:

1.  Prep your guest room for summer visitors.  

Summertime means vacation time, which sometimes means you run a bed & breakfast from your spare bedroom. When creating a serene retreat for out-of-town guests, it’s all about the little touches. Stock a bookshelf with great reads, leave a water pitcher and glasses on the nightstand, and add fresh flowers to brighten up the space. An extra blanket and a set of hotel-size toiletries make any visitor feel at home. Want to make sure your house guests don’t extend their stay? Start enlisting their help on the chores on your…

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Glencoe-North Shore Market Trends: Update April-May2014

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Chicago North Shore Spring has sprung!…. median prices increased 9.7 percent, according to the Illinois Association of REALTORS®, although Illinois home sales decreased 11.6 percent over previous-year levels in March 2014.

On North Shore of Chicago as with several real estate markets across the country housing inventories have seen a decline, as did the number of days a North Shore home is on the market before it sells. Both indicate that buyers are exhibiting a confidence in the North Shore real estate market; a clear indicator that the spring real estate season will likely show moderately higher prices and with tight inventory availability. Specifically, the North Shore–Chicago market data reflects New Listings in the North Shore-Barrington region increased 8.1 percent to 1,180. Inventory levels shrank 12.4 percent to 2,520 units. Prices marched higher. The Median Sales Price increased 9.0 percent. Market Times were down 32.0 percent to 119 days. Information supported and provided by North Shore Barrington Association of Realtors and Midwest Real Estate Data, LLC. (click to enlarge):

AprilNorthShoreMarket-Summary2014

Although interest rates have gone up from their all-time lows, borrowing costs are still remarkably affordable. It’s cheaper to own than to rent in most of the country. The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central-Chicago North Shore region was 4.37 percent in March 2014, up from 4.32 percent in February, according to the Federal Home Loan Mortgage Corp. In March 2013 it averaged 3.54 percent. Buyer demand continues to outpace available inventory; Sellers looking to make a move should be jumping off the fence now while buyers are still able to capitalize on attractive interest rates. Thirty-two (32) of 102 counties in Illinois showed annual home sales increases in March 2014. Forty-two (42) counties showed year-over-year median price Northern Shore Cook, up 19.3%.

Sales and price information is generated by Multiple Listing Service closed sales reported by 30 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of April 7, 2014 for the period March 1 through March 31, 2014 and continuing into May 2014. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

The Illinois Association of REALTORS® is a voluntary trade association whose 41,000 members are engaged in all facets of the real estate industry. In addition to serving the professional needs of its members, the Illinois Association of REALTORS® works to protect the rights of private property owners in the state by recommending and promoting legislation to safeguard and advance the interest of real property ownership.Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.

Now is the time to take advantage of one of the highest producing Chicago North Shore real estate seasons in history. From first time buyers to seasoned real estate investors, this spring, Let a consummate real estate professional be your guide through the magnificent communities of the Northern Shore of Chicago. Gloria Matlin has been client driven, focused, tenacious, top performing, high-ranking Realtor on the North Shore for over 25 years.  She is available to make your Chicago North Shore real estate dreams come true! 640 Vernon Avenue, Glencoe, Illinois, 60022.

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