4 Reasons to Buy or Sell This 2019 Spring-North Shore Real Estate

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It is no surprise that a fresh start during the 2019 spring season for some means to put Chicago-North Shore property on the market and/or start looking for a new 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 overabundance of toys. More tips and guides HERE and HERE

IMPORTANT TIP:

This 2019 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 2019. For additional information and optimal attention/service, stop into their high-ranking Coldwell Banker Residential Real Estate office, located at 640 Vernon Avenue in the downtown district of Glencoe, Illinois, 60022.

Preparing Your Home to Sell This Summer 2018-North Shore Chicago Real Estate

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While several Chicago North Shore homes may be sold each week, the process may not be as easy for sellers as it was five or 10 years ago. Surviving in today’s real estate world requires experience and training in such fields as online real estate marketing, relocation savvy, financing options, negotiating and closing, the very expertise available from local North Shore-Chicago real estate professionals. Millions of existing homes are sold each year and, while each transaction is different, every owner wants the same thing: the best possible deal with the least amount of hassle and aggravation.

Are You Ready?Sold

The home-selling process typically starts several months before a property is made available for sale. It’s necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out.
Ask yourself: If you were buying this home, what would you want to see? The goal is to show a home that looks good, maximizes space and attracts as many buyers as possible.

When Should You Sell?

As with several locations across the country, the North Shore Chicago marketplace tends to be active in the summer because parents and/or young adults want to enroll in classes at the beginning of the school year (usually in August). Summer is also typically when most homes are likely to be available.
Generally speaking, markets tend to have some balance between buyers and sellers year-round. For example, a given North Shore community may have fewer buyers in late December, but it’s also likely to have fewer homes available for purchase. As a result, home prices tend to rise or fall due to general patterns of supply and demand, rather than the time of year. Look to a skilled, North Shore Real Estate professional can be a sound decision to assess local real estate market activity and trends.

From providing an in-depth view of luxury North Shore-Chicago real estate markets in 2018, to examining and providing an accurate seasonal gauge on North Shore’s rental trends; Gloria Matlin along with partner Zack Matlin continues to be North Suburban real estate experts with an unparalleled record of top producing, high-ranking accomplishments that span 25+ years. Her keen awareness of the Northern Shore communities and his extensive marketing, as well as mortgage consulting knowledge, are what makes Gloria and Zack Matlin an elite high performing team with a sincere and personalized style they offer each and every client. Gloria Matlin and Zack Matlin educate, tenaciously perform and make Chicago North Shore real estate dreams a pleasant reality! More info HERE

Strong Market Momentum Continues in Summer – North Shore/Chicago Real Estate

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Recent Listings by Gloria Matlin (Click image for more info)

As we joyfully move through summer 2016, Illinois, Chicago and North Shore home sales saw a June surge 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.

Sixty-one (61) counties recorded median price gains in June 2016 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, 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)

Monthly Market Update (Click to Play)

With long standing top producing, high ranking, client focused passion for real estate, Gloria Matlin with son and partner Zack 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 this summer season 2016.

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.

Glencoe-North Shore Market Trends: Update September-October2014

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Ongoing Chicago North Shore real estate gains that give traction to the start of Autumn, as August 2014 rounded out a hot summer market with trends that were consistent for this year thus far. In short North Shore-Chicago buyers are eager to purchase, despite fewer homes in some North Shore markets. A shorter timeframe in the completion of sales, flourishing medium home prices, and attractive rates cater to both seller and buyer interests. New Listings in the North Shore-Barrington region increased 9.5%. Listings Under Contract were up 1.6%  to 700. Inventory levels rose 14.5%.  Prices continued to gain ground. The Median Sales Price increased 13.1%. Market Times were down 11.6%  to 84 days. More information HERE and HERE

1580 Sherwood-JustListed

1580 Sherwood Road in Highland Park. Click the image for more info.

Look to Gloria Matlin this fall for optimal service, as well as a sincere appreciation for helping each and every one of her clients realize their North Shore real estate dreams.  For over 25 years, Gloria has been a top-tier real estate professional, providing high-ranking performance results and dedicated client attention. From savvy real estate market analysis, to a well-rounded approach to marketing, Gloria Matlin is the ideal Realtor you want representing/guiding you through one of the most important transactions in a lifetime. Gloria is located at the top producing Coldwell Banker Residential Real Estate office of Glencoe, Illinois-640 Vernon Ave, 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.

Is a Smart Home in Your Future?

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Ahead of the “smart” trends, maintains an accurate pulse on the Chicago North Shore real estate market, personable, tenacious, client focused, top performer, high ranking results, and dedicated to making North Shore real estate dreams come true for over 25 years; Gloria Matlin is the optimal choice for all things real estate on the Northern Shores of Chicago. 640 Vernon Avenue, Glencoe, Illinois, 60022.

Les Boomer's Real Estate Updates

Hello? Remember when we used to answer the phone… at home… tethered to a wall and it was actually someone we knew? Today, most people have a smart phone. The years between those two devices are not as far apart as the way our lives have changed. Does that mean a smart home might be in our future?

In many ways, our homes have been getting “smarter” for years. While we used to water by hand, most now have automatic sprinklers. Most garage doors now open and close remotely. We have thermostats that automatically control the temperature. We have timers that turn the lights in a room on and off when we’re on vacation. Move over George Jetson, we can even change the channel on our flat screen without getting up. What used to be amazing has quickly become common place.

jetsons

So what can we expect in the future? Certainly some items that are being considered might not be on…

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Why Buying a Home NOW Makes Sense-Chicago North Shore Real Estate

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Interest rates are low, employment is rising, home prices—in most markets—are still well below their peaks, and rents are on the upward climb. Buying a house is a highly individual decision—and a local one—but current trends are creating a favorable situation for many would-be North Shore Chicago homeowners.Now-later

Every family and each individual has various factors affecting the ability and the decision to buy a home. See reasons below that help support why it might make sense to buy a house, right now.

  1. Interest Rates Are Still Low
    Mortgage interest rates are still low—for now. A 30-year-fixed-rate loan now averages 4.16%, according to Freddie Mac, but many economists believe we will see 5% rates next year. As interest rates increase, so do your monthly payments.
  2. Home Prices Are Going Up
    The median price of an existing home was 4.3% higher than June 2013. That’s the 28th consecutive month of year-over-year price gains, and economists expect that trend to continue. However, we are still at least 20% off the peak prices of 2006. Bottom line, home prices are on the rise.

**Important Tip to Remember:  You might get lucky one or two times, but overall, timing the market does not work. It all points to purchasing power, and that’s a reflection of price and interest rates, which will both be higher in the future….No time like the present. More information HERE.

Experience, grace, tenacity, top-tier performer, high-ranking results, client focused, trusted resource, 25+ years of Chicago-North Shore community insight, marketing savvy, technology savvy…A few words and phrases to describe real estate professional Gloria Matlin. For an online introduction and feedback from her clients visit HERE and HERE.

 

Glencoe-North Shore Market Trends: Update July-August2014

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North Shore Chicago experiences a real estate summer surge, just in time for August 2014 — Home prices continued to climb and marked the 22nd consecutive month of annual increases, according to recent market action reporting from the Illinois Association of REALTORS®. Illinois home sales reversed course in June with statewide home sales experiencing a slight year-over-year gain for the first time this year.

Within the Chicago North Shore region and throughout the state, home sales are thriving; a concrete sign of a strengthening real estate market.  Inventory is rising in several North Shore areas. Activity is picking up in the upper price tiers. Rents continue to climb in most metros. And interest rates are overall lower than a year ago. New Listings in the North Shore-Barrington region increased 21.0% to 1,522. Inventory levels rose 9.1 percent to 3,479 units. The Median Sales Price increased 1.5%. Market Times were down 27.8% percent to 81 days. The uptick in demand continues to challenge home supply. North Shore buyers are finding the home they want and in a shorter amount of time. Both Seller as well as buyer are in strong positions this summer season. Information provided and supported by Midwest Real Estate Data LLC and The North Shore-Barrington Association of Realtors (Click to Enlarge): 

July-August-MarketUpdate2014

The monthly average commitment rate for a 30-year, fixed-rate mortgage for the North Central – Chicago North Shore region was 4.17 percent in June 2014, down from 4.18 percent in May, according to the Federal Home Loan Mortgage Corp. In June 2013 it averaged 4.09 percent.

According to Geoffrey J.D. Hewings, Director of the Regional Economics Applications Laboratory of the University of Illinois – “The volume of sales over the next three months (July, August and September) is forecast to match those recorded in 2013. In addition, median prices are continuing to climb while the REAL Housing Price Index suggests a slightly more optimistic growth rate when housing characteristics are taken into account,” noted Forty-three (43) of 102 counties in Illinois showed annual home sales increases in June 2014. Fifty-five (55) counties showed year-over-year median price increases including Cook, up 6.7%.

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 July 7, 2014 for the period June 1 through June 30, 2014 and continuing monitoring through August of 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. Find Illinois housing stats, data and the University of Illinois REAL forecast atwww.illinoisrealtor.org/marketstats.

An In-depth View of Luxury-North Shore Chicago Real Estate

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Both properties, newly listed by Gloria Matlin are exquisite, elegant North Shore-Chicago real estate options to consider this summer season.  Contact Gloria for a private showing, or reply to this blog with questions/comments:

466 Sheridan-BrochurePic-1

466 Sheridan Road in Glencoe, Illinois. Click the image to enlarge and/or for additional listing details.

Beautiful .63 Acre Property. Completely Renovated With Gracious Rooms Unfolding Offering A Perfect Chicago North Shore Lifestyle With Dramatic Ceiling Heights, Walls Of Windows and Architectural Details Throughout Living Areas Including A Stunning Cooks Kitchen. An Extraordinary Contemporary Residence for the Most Discriminating Buyer.

 

990 Wildwood Lane-BrochurePic-2

990 Wildwood Lane in Highland Park, Illinois. Click the image to enlarge and/or for additional listing details.

Bright Open Floor Plan, With First Floor Bed & Bath. Huge Master Suite With Amazing Closet and Bonus Room. 3 Levels Over Look a Private North Shore Ravine. Simply an exquisite Newer Chicago North Shore Residence.

With over 25 years of sustained high quality North Shore real estate service, Gloria Matlin is the ideal top ranking, optimally producing Realtor resource on the North Shore of Chicago. With high performing accolades that center around client satisfaction and making North Shore real estate dreams a reality; feel free to contact her today for elite North Shore real estate guidance and assistance.

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