Top 8 Reasons to Buy or Sell in Winter 2017-North Shore Real Estate Trends

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Chances are, buyers looking for a Chicago North Shore home during the winter season are serious about buying and not simply shopping around. Showing off some of the home’s finer features isn’t easy covered in a potential blanket of snow, but there are a number of things sellers can do to attract buyers:

 1. Less competition. In the winter season, there are fewer homes on the market, so your home will have less competition. Encourage buyers by offering attractive pricing and incentives.

2. Interior focus. Providing photographs from the summer months is important, but now is the time to highlight the inside of your home. North Shore realtors know, furnished homes and those that are organized have more appeal, so make sure the beds are made, the furniture is well placed, and the counter tops and closets are clear of any clutter.

3. Exterior demands. Snow can alter the look of the overall property. Shovel and de-ice all paths and doorways. The driveway should be plowed, along with the sidewalks. Make sure that all outside lights and doorbells work. Consider more lights that could be installed to effectively highlight the best areas of the house.

4. Winter warmth. The colder months can create times at home enjoying family. You can stage your home to showcase winter warmth with such sights and smells as crackling fires, scented candles and eye catching, but tasteful wreaths to appeal to buyers and make them feel like your home could be their own. The key–don’t over do it though!

 FOR BUYERS

1. Lenders also usually have fewer loans to process and less paperwork to deal with (though this can change quickly if rates fluctuate). With lenders less hassled, you can expect a smoother process to get approved for a mortgage.

2. Winter may have fewer buyers in the market. Fewer buyers could mean less North Shore real estate property competition.

3. The winter season has fewer units on the market, and sellers tend to need to move from their property. You can use that to your advantage to get a favorable deal.

4.The negatives that turn off both buyers and sellers in winter can create a savvy real estate hunter’s dream. For the clued-in home buyer such negatives can lead to a real gem of a deal. The motto that could put some serious money in your pocket between now and spring, remember this: Imagine the future, and don’t let winter pull your strings! More INFO

For a view of homes available on the North Shore, or to get market status/housing reports, analysis, trends, or open house lists, feel free to stop by our North Shore Office at 640 Vernon Ave, Glencoe, Illinois.  Gloria Matlin works out of one of the Chicago North Shore’s top ranked realtor offices.  847-835-0236 or direct at 847-835-6058

www.gloriamatlin.com

Seasons Change Means Opportunity Arises: North Shore-Chicago Real Estate Trends

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School has begun, days are getting shorter, and the networks are eagerly trying to gear us up for football. And home sales are still brisk—despite historical four-seasons-layered-croppedseasonally adjusted outcomes we’re used to seeing.

Seasonal adjustments help make data that are inherently seasonal easier to compare month to month. You can’t get a good picture of whether it’s a good or bad year by comparing typically slow January with typically busy July. But they also lull us into a false sense of reality that all months are similar, or merely go up and down based on the strength of the market.

The raw data tell us that real estate follows a clear seasonal pattern. Inventory peaks in the summer. Sales peak in the summer. Real estate Web traffic peaks in the summer. Notice the trend?

But each local market has its own cycle. The school calendar plays a big role since families with kids prefer to move while school is out. And not all schools start at the same time.

Looking at existing-home sales data at the national level over the past several years, June averages almost twice the volume of sales as January. But inventory doesn’t vary quite as much. The typical peak for inventory is in July, but the inventory in July is usually only about 25% higher than in December. The discrepancy between the variation in sales and the variation in inventory presents an opportunity for buyers.

When sales are slower due to the season, the age of inventory rises. We monitor the median days on market of active listings, which typically bottoms in June and peaks in the winter months of December and January.

As the age of inventory increases, buyers could gain more leverage. That’s why prices are also seasonal, often peaking each summer when demand is highest and the age of inventory is lowest.

So take heart, would-be buyers! If you can resist the herd and ignore the school calendar , you will face less competition in the off-season. And if you can find a home that fits your needs, you will have more bargaining power! More info HERE

2015, September: With more than 25 years of top producing, high ranking, client focused performance, Gloria Matlin remains the consummate real estate professional for Chicago’s North Shore. Dedicated to making dreams come true and providing the highest quality service for each and every client, Gloria Matlin is the real estate resource you want for every season. See introduction HERE

Spring into Summer with an Elegant English Manor-Kenilworth Real Estate

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The carefully chosen amenities bring the “old world” charm to a new level of luxury!  This Exquisite East Kenilworth, Illinois English manor has elegant design and craftsmanship throughout. A Generous living room with French Doors that lead to a music room. The Stunning gourmet kitchen with separate breakfast room, or Sumptuous master suite on 2nd level, in addition a Magnificent private terraced back yard with 2 separate blue-stone patios, as well as a three car heated garage. Click the image below for additional details:

74 Tudor Place-Listinginfo

Presenting 74 Tudor Place in Kenilworth (Click the image for details)

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.

The Joys of Real Estate-Chicago North Shore

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Experience the Best...

Click the image for more information…

 

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 March2014: Chicago’s North Shore

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MarchReport-2014Prices

The Median North Shore Chicago Spring real estate sales price in March was up 25.3% compared to market action reporting totals in March of 2013 and up 4.0% from last month. The Average Sales Price in March was up 20.0% from final totals calculated in March of 2013 and up 15.9% from last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.

Property Sales

March Chicago North Shore property sales were down -12.1% from figures calculated in March of 2013 and 30.4% higher than real estate sales totals last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 560 are running -3.9% behind last year’s year-to-date sales volumes.

Inventory & MSI

The Total North Shore Inventory of Properties available for sale as of March was up 3.3% compared to market action totals last month and down -17.7% from figures produced in March of last year. March 2014 Inventory was at the lowest level compared to March 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 March 2014 MSI of 4.9 months was at its lowest level compared with March of 2013 and 2012.

Market Time

The average Chicago North Shore Days on Market (DOM) shows how many days the average North Shore real estate 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 March was down -5.9% from 68 days last month and down -40.2% from 107 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

Inventory / New Listings / Sales

The summary view above of the 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 North Shore market as well as the relationship between these items. The number of New Listings in March 2014 was up 23.6% from final market action figures produced last month and up 8.6% from totals in March of last year.

Award winning service, a reputation for top producing, high ranking, sincere and client centered results for over 25 years; Gloria Matlin is the real estate professional that can  make  your Chicago North Shore real estate dreams a reality! Look to her for in-depth detail on this and similar real estate outcomes, forecasts, summaries, comparable reporting, or even basic information on places to go and things to do in or near the North Shore communities of Chicago.  Gloria can be found in the top performing Coldwell Banker Residential Real Estate office-640 Vernon Avenue in downtown Glencoe, Illinois, 60022.

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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