Real Estate Resolutions in 2017-Chicago North Shore Real Estate

Leave a comment

When it comes to real estate, 2017 New Year’s resolutions may not immediately come to mind. But for prospective Chicago North Shore real estate sellers and/or buyers, this is the time as well as the year to generate ideas to put them on track for a change. Many times these ideas surface as a result of an oversight or misjudgment about the real estate market over the past 12 months.  The time to act is certainly NOW! Below are the top 4, 2017 resolutions to get you North Shore real estate market ready and prepared:

New Year’s Resolutions

 

Sellers: Resolve to Think of Your Home as a Commodity

Start clearing out old stuff now. If there are things deep in your closets that you don’t think you’ll use between January and the time you move, consider a storage locker or making space in the garage. Does your real estate agent suggest that the basement needs a paint job? Get some painting bids now. Have you always hated how the bathroom vanity takes up so much space? Consider changing it now so buyers will perceive your bathroom as bigger. This will also help you spread out the costs of home repairs and changes over several months.

Buyers: Resolve to Get Your Financial House in Order

Planning a home purchase takes time and effort, so you should consider meeting with a mortgage professional early in the year. Know your credit score and understand what your financial situation looks like from a lender’s perspective. If you have credit issues, identify what they are and the necessary steps to correct them. An experienced North Shore real estate agent can recommend local mortgage professional. Local is always important, because many real estate deals are made on relationships, and being able to meet face-to-face with your mortgage professional can be a big plus.

Sellers: Resolve to Understand Your Timing and Exit Strategy

One of the biggest stresses on a seller is trying to plan a purchase and a sale at the same time. Can you afford to close on the new home before selling? If so, for how long? Do you need to sell the property first? If so, will the potential sale price support a home purchase in the neighborhood you want to be in? If not, what other areas should you be looking in? Selling and buying at the same time brings up all kinds of questions. A seasoned North Shore Realtor should be able to guide you through these and other related matters with ease.

Are you relocating to the North Shore Area of Chicago? Uprooting yourself from your home is not easy. What if you have to go into short-term housing? How will you get that set up and how long would you need to commit for? If you can afford to purchase and then sell, do they need to happen quickly? Are there things you can be doing in your current home so that once your new home closes, you’ll be ready to list? It’s a lot to think about and plan for, and it helps to have a strategy in place well before you have to take action and use your North Shore real estate professional as a guide.

Buyers: Resolve to Start Feeling Out the North Shore Market Early

You may think you only need to go to open houses once you’re ready to buy. But in reality, a buyer needs a couple of months learning the market, understanding home values, the prices per neighborhood and the areas in general. Going to open houses in the neighborhoods where you want to buy will allow you to start feeling out the market.

Once you engage a North Shore agent, you may make several offers before you get into your dream home. Having your North Shore agent along for the ride will allow you to compare and contrast homes you’ve visited to the home you eventually buy. The homes you see and your experience feeling out the market will serve as the building blocks toward becoming an informed buyer and making your best offer.

Gloria Matlin….Committed to optimal, top performing, client focused real estate service, Gloria Matlin will strive to maintain her consummate dedication to North Shore real estate in 2017. Nationally and locally recognized as a high ranking, top performing luxury real estate resource, she is a trusted professional with over 30+ years of North Shore Realtor insight and experience. Look to her for help with relocation, downsizing, upsizing, buying, selling, investing, renting or to obtain additional detail on real estate data, reports, outcomes and/or history within the Chicago North Shore areas of Glencoe, Winnetka, Wilmette, Glenview, Deerfield, Northbrook, Lincolnshire, Lake Forest, and Highland Park. More information HERE and HERE on this dynamic real estate professional.

Advertisements

Holiday Market Updates-North Shore Chicago Real Estate

Leave a comment

Seasonal Chicago North Shore real estate news…

Sold-1day-Glencoe

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 September2014: Chicago’s North Shore

1 Comment

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.

See Video of Gloria Matlin on NBC’s OPEN HOUSE: North Shore Real Estate News

Leave a comment

Onboard Informatics’ Lifestyle Search was recently featured on NBC’s Open House by Coldwell Bankerthis week.  Gloria Matlin, Chicaogo’s north shore real estate resource and ,realtor at Coldwell Banker NRT, talks on the advantage of Lifestyle Search in finding her clients dream home.

Gloria also illustrates how to easily navigate around Coldwell Banker’s Lifestyle Search page and tips for homebuyers!  View the Video below!

http://media.nbcnewyork.com/designvideo/embeddedPlayer.swf

**OPEN HOUSE: 8/7- 911 OAK DRIVE** – GLENCOE REAL ESTATE FOR SALE

Leave a comment

See Video For Details: http://youtu.be/XQRf6WoFWcs

Fab updated home on Chicago’s North Shore- Glencoe, IL. 5/8 acre w amenities galore. Gourmet Kitch incl butl pantry,
large bkfast area, Subzero refrig, 2 warming drawers & built-in
espresso/coffee machine. Serene Master Suite incl sitting rm & luxurious spa
bathrm. Great Room overlooks spectacular private yard with heated auto-cover
pool & hot tub. This dream family home incl automatic generator, security
system, sprinklers, dog run. Great location

 

North Shore – Glencoe Real Estate News: Positive Trends For June

2 Comments

“The statewide median price in June was $150,000, up 7.1 percent from $140,000 in May 2011.

“The Illinois housing market was building momentum in late spring and through June and it’s encouraging to see this regular pattern as well as sales at levels higher than the past 11 months driven by high affordability conditions and pent-up demand,” said REALTOR® Sheryl Grider Whitehurst, ABR, CRB, GRI, president of the Illinois Association of REALTORS® and the Development and Operations Coordinator for Traders Realty in Peoria. “Challenges remain for the return to a normalized market and top among them relate directly to the economy.”

“In the city of Chicago, single family homes have made positive gains in pricing due to the competitive atmosphere created by compelling pricing on distressed assets short sales and foreclosures,” said Mabel Guzman, president of the Chicago Association of REALTORS® and a REALTOR® with Envision Real Estate LLC, Chicago. “We are seeing multiple offers on location-specific properties. Chicago condos continue to outpace single family by 30 percent for the second month evident not only in units, also in downward price movement. In the coming months, we will be observing the economic pressures which will likely lead to an increase in distressed assets to the market.”

Find Illinois housing stats data and the University of Illinois REAL forecast at www.illinoisrealtor.org/marketstats.  SOURCE Illinois Association of REALTORS

Ongoing Great News For North Shore & Glencoe Housing

Leave a comment

Illinois home sales have been trending positive month-to-month since February 2011 and median home prices have moved up for the last three consecutive months, all good signs for a market working to recover amid lackluster job creation and a restrictive lending environment. According to the Illinois Association of REALTORS® (IAR) latest report, statewide home sales (including single family and condominiums) in May 2011 totaled 9,736 homes sold, up 13.9 percent from 8,546 sales in April 2011; sales were down 16.8 percent from 11,705 homes sold in May 2010.”

“According to our forecast, annual sales rates will turn positive for both Illinois and the Chicago region in July and August, a 22-25 percent increase statewide and 25 to 36 percent for Chicago,” estimates Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois. “This means the effect of the homebuyer tax credit will finally fade out in Illinois during the summer. Median prices for June, July and August are expected to be higher than May in both Illinois and the Chicago region.”

“In the city of Chicago, May home sales (single family and condominiums) totaled 1,705, up 16.5 percent from 1,464 sales in the previous month and down 17.1 percent from 2,057 homes sold in May 2010.”

Find Illinois market stats data at www.illinoisrealtor.org/marketstats. To view the RCF economic impact study, go to www.illinoisrealtor.org/economicimpact.

Older Entries