Just the facts..
...So how was the market in February?
Inventory levels went up again this month - but then that is not particularly unexpected. It's pretty typical for more homes to come on the market after Superbowl Sunday - and this year was no exception.
There are a couple of numbers that I like to study, when determining how the market is performing. First, I consider the absolute number of...
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The North Shore's Highest Sales in February
Winnetka - 17 Indian Hill Road
Original List - $5,995,000
List - $4,995,000
Sale - $4,400,000 (92% of asking)
Total Days on Market - 285
Days on Market at Final List Price - 38
(Home initially listed in 2006 for $9,500,000. Has been on and off the market for a total of 1212 days.)
Lake Forest - 521 Stable Lane
Original List - $3,195,000
List - $2,650,000
Sale - $2,450,000 (83%)
Total Days on Market - 425
Days on Market at Final List Price - 136
Glencoe - 475 Greenleaf Avenue
Original List - $3,395,000
List - $2,775,000
Sale - $2,285,000 (82%)
Total Days on Market - 598
Days on Market at Final List Price - 137
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Ten Tax Tips for Individuals Selling Their Home
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all or part of that gain from your income. Here are ten tips from the IRS to keep in mind when selling your home. |
4 Tax Breaks of Homeownership
There are two things you can count on when you become a homeowner: You get more tax breaks, and your taxes get more complicated. Whether you've purchased a single-family home, town house, or condominium, there are tax breaks available to you. It's time to get familiar with the...
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