Preparing Your Home to Sell This Summer 2017-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 2017, to examining and providing an accurate seasonal gauge on North Shore’s rental trends; Gloria Matlin along with partner Zack Matlin continue 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 make 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!

Real Estate Outcomes December2014: Chicago’s North Shore

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If you’re considering buying or selling your North Shore-Chicago home in 2015, you should know that a lot has probably changed in the real estate market since you last sold or considered buying. Knowing what works today — and resolving to put the tips and advice of the past year to rest — can help you sell your home quickly and for top dollar and/or purchase the perfect place to call home. Use the guide below to get the most up-to-date information on a prefered local market or contact a trusted Chicago-North Shore real estate resource to get you on the right track:

Monthly Market Update (Click to Play)

Monthly Market Update (Click to Play)

With over 25 years of exemplary, award-winning, top performing, high-ranking real estate experience, Gloria Matlin is a proven Chicago-North Shore real estate resource.  Her marketing savvy, extensive community insight, friendly demeanor, tenacious yet graceful style, as well as a keen attention to client contentment, sustain her standing as the North Shore’s consummate real estate professional.

 

Real Estate Outcomes June2014: Chicago’s North Shore

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June2014-GM-MarketActionMarket Time

Summer 2014 North Shore – Chicago real estate figures surge with the average Days On Market (DOM) showing 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 Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for June was 50, down -5.7% from 53 days last month and down -27.5% from 69 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 North Shore Buyer’s market exists, a ratio at or above 100% indicates more of a North Shore Seller’s market. The June 2014 Selling Price vs List Price of 96.6% was up from 96.3% last month and up from 96.4% in June of last year.

Property Sales

June North Shore Property sales were down -10.8% from calculated real estate totals in June of 2013 and 30.9% higher than real estate sales last month. June 2014 sales were at a mid-level compared to June of 2013 and 2012. June YTD sales of 1,651 are running -12.2% behind last year’s year-to-date sales of 1,880.

Prices

The Median Chicago-North Shore Sales Price in June was down -1.7% from real estate volume totals in June of 2013 and down -5.7% from last month. The Average Sales Price in June was up 0.1% from final outcomes June of 2013 and down -3.5% from last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of June was up 6.8% compared to last month and up 5.2% from June of last year. June 2014 Inventory was at a mi- range compared to June 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 June 2014 MSI of 3.5 months was at a mid-range compared with June of 2013 and 2012.

Ongoing top tier performance, exemplary, personable service, a comprehensive approach to client needs, over 25 years of dedicated real estate expertise, an accurate pulse on North Shore real estate trends/market conditions, marketing savvy, and a profound appreciation for technology as well as informative engagement on social media; Gloria Matlin is the consummate real estate professional on the Northern Shores of Chicago. She can be found in the top producing Coldwell Banker residential real estate office of Glencoe, Illnois-640 Vernon Ave., 60022.

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.

Happy Holidays, Happy New Year-North Shore Chicago

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From our family to yours….

Seasons Greetings-Matlin-2013

COLDWELL BANKER RESIDENTIAL REAL ESTATE

640 Vernon Ave

GLENCOE, ILLINOIS

(847)835-6058

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 Stay in Touch for 2014!

 

Real Estate Outcomes October2013: Chicago’s North Shore

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Oct-2013North ShoreProperty Sales

North Shore-Chicago October 2013 Property sales were UP 13.8% compared to market action report data released in October of 2012 and -11.6% lower than sales figures calculated last month. October 2013 sales were at their highest level compared to October of 2012 and 2011. October YTD sales are running 26.0% ahead of last year’s year-to-date sales volume totals.

Prices

The Median Northern Shore-Chicago Sales Price in October 2013 was up 14.3% compared to figures in October of 2012 and down -10.3% from last month. The Average North Shore Sales Price in October was up 14.9% from sales totals in October of 2012 and down -5.9% from last month. October 2013 ASP was at highest level compared to October of 2012 and 2011.

Inventory & MSI

The Total Inventory of Chicago-North Shore Properties available for sale as of October was down -10.6% from reporting totals last month and down -27.5% from totals in October of last year. October 2013 Inventory was at the lowest level compared to October of 2012 and 2011.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The October 2013 MSI of 4.0 months was at its lowest level compared with October of 2012 and 2011.

Market Time

The average 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 October was up 17.9% from 56 days last month down -25.0% compared to October of last year. The October 2013 DOM was at its lowest level compared with October of 2012 and 2011.

Inventory / New Listings / Sales

The North Shore-Chicago view of the market combines monthly inventory of 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 October 2013 was down -22.5% from market reporting totals last month and up 4.5% from figures in October of last year.

Consistent producer in the top 1% of agents in the nation. Ranking in the top tier of North Shore Chicago Realtors for over three decades. A relocation expert with a keen sense of marketing, promotion, technology, real estate conditions along with community involvement and area insight. A trusted resource providing the highest level service with tenacity, grace, and a focused /sincere attention to detail. Gloria Matlin embodies these descriptive phrases and more.  She can be found in the high performing Coldwell Banker Residential Real Estate office, 640 Vernon Avenue, Glencoe, Ilinois-60022.

Real Estate Outcomes September2013: Chicago’s North Shore

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NS-Sept-2013Property Sales

Ongoing progress…Chicago North Shore September Property sales were up 35.7% from market action report totals calculated in September of 2012 and -30.1% lower than sales last month. September 2013 North Shore sales were at their highest level compared to September of 2012 and 2011. September YTD sales ran 27.0% ahead of last year’s year-to-date sales outcomes.

Prices

The North Shore-Chicago Median Sales Price in September was up 11.1% from final sales volume amounts in September of 2012 and down -3.2% from data posted last month. The Average North Shore Sales Price in September was up 18.7% from totals in September of 2012 and down -3.1% from last month’s final data. September 2013 ASP was at highest level compared to September of 2012 and 2011.

Inventory & MSI

The total North Suburban-Chicago Inventory of Properties available for sale as of September was down -1.7% from totals last month and down -28.5% from inventory totals in September of last year. September 2013 Inventory was at the lowest level compared to September of 2012 and 2011.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The September 2013 MSI of 3.8 months was at its lowest level compared with September of 2012 and 2011.

Market Time

The average North Shore-Chicago 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 September was 56, up 12.0% from 50 days last month and down -34.9% from 86 days in September of last year. The September 2013 DOM was at its lowest level compared with September of 2012 and 2011.

Inventory / New Listings / Sales

The view above of the market combines monthly inventory data of properties for sale along with new North Shore listings and sales. The graph totals show the basic annual seasonality of the market as well as the relationship between these items. The number of New North Shore Listings in September 2013 was up 3.2% from last month and up 26.3% from final figures gathered in September of last year.

Recently ranking as one of the top producing North Shore real estate professionals for the 2nd quarter of 2013, Gloria Matlin sustains optimal performance with grace, tenacity and personalized service.  Staying ahead of the market for over 25 years, look to her for feedback on this and similar market action reports. Gloria Matlin is located at the Glencoe, Illinois Coldwell Banker Residential real estate office, within the downtown village center-640 Vernon Avenue, 60022.

 

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