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Best of my Blog My life in real estate: FSBO - Part 2
December, 2009
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OK, so my attempt to buy a "FSBO property" was a costly and painful experience. How about selling my own place as a FSBO? Potential clients ask me all the time what I think about FSBO. This is my standard answer. I think it's a great idea - if you...
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| In the news... |  |
"Demographers often describe the baby boom generation as if it were an indigestible mammal - maybe a pig, or a rabbit, or a really big rat - slowly moving through the python that is America's population. As this generation has aged, the baby boom bulge has remade society in its image, first as a massive class of toddlers, later as rabble-rousers in the 1960s, then as solidly middle-class heads of household and, soon, as the largest class of retirees the country has ever seen..."
The Great Senior Sell-Off Could Cause the Next Housing Crisis
- The Atlantic Cities
"The housing industry finds itself on much better footing this year: Prices are up, inventories are down, and signs abound that a recovery is firmly under way...."
Housing Recovery Firmly Underway
- Kiplinger's Personal Finance
"Billionaires have been on a real estate buying spree. Stateside, they've broken records on huge home purchases in every major housing market from Woodside
to Malibu to Aspen to Chicago to..."
- Forbes
"Influenced by long-term trends in housing design, communications technology, medical care and the expectations of the largest retiree generation in United States history, the outlines of the next era of American retirement are gaining clarity across the country...."
For Modern Retirees, There's No Place Like Home
- New York Times
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"The greatest lesson in life is to know that even fools are right sometimes."
- Winston Churchill
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Greetings!
Welcome back to "How's the Market?" I trust everyone is back from vacation and is only too ready for Spring. I'm reminded of the lyrics of the wonderful song from Oklahoma, "March came in like a lion, a whippin' up the water in the bay..."
What a March! Meteorologically, it was less than ideal. But on the positive side, the housing market seems to breaking out of its doldrums and we are seeing incredible activity with contracts being written, sales closing and new listings. Just to give you a sense of it, we had 406 homes go under contract on the North Shore during the month of March. By comparison, in March of 2012 there were 288 contracts; in March 2011 - 219 contracts. What an improvement!! Stay tuned and see what happens in April. All signs are positive!
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Just the facts...
So how is the market? In one word - HOT! After years of malaise, it feels like things are finally taking off and we're actually seeing some shortages of inventory.
Read more from the owners of Prudential Rubloff, Chris Eigel and Michael Pierson. They had to revise their January forecast, because everything seems to be improving quickly.
Read on:
Something else you might want to review:
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The North Shore's Highest Sales in March
Lake Forest - 950 Woodbine Place
Original List Price - $4,250,000
List - $3,650,000
Sale - $3,100,000 (85%)
Total Days on Market - 299
Total Days on Market at Final List Price - 62
Lake Forest - 221 Keith Lane
List - $3,300,000
Sale - $2,850,000 (86%)
Total Days on Market - 1
Lake Forest - 270 Overlook Drive
Original List Price - $4,900,000
List - $2,195,000
Sale - $2,100,000 (96%)
Total Days on Market - 1377
Total Days on Market at Final List Price - 143
Lake Forest - 780 South Ridge Road
Original List Price - $2,990,000
List - $2,600,000
Sale - $2,100,000 (81%)
Total Days on Market - 236
Total Days at Final List Price - 122
Total of 4 North Shore homes closed for over $2,000,000 during the month of March:
Lake Forest - 4
(There are currently 199 homes for sale over $2,000,000.)
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12 most unusual home trends
Unusual, innovative and, in some cases, unprecedented trends have been emerging in the housing sector. These trends are likely to continue affecting everything from architectural design to buyer behavior...
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Top 5 kitchen trends for 2013
 Want to cook eggs, toast and brew coffee at the same time using a single device? Or perhaps you're interested in making your own dog treats? Later this year, you'll be able to do all that using new gadgets that come in dozens of colors and have many different functions....
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30 Ways To Clean Naturally
Skip harsh cleaning products-your pantry already has everything you need to keep a tidy home...
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"The conventional wisdom is that buyers and sellers go together like oil and water. That is to say, they don't go together at all. Some say they are at odds simply by virtue of sitting across the bargaining table from one another, which - along with negotiation and legal issues that are par for the home buying course - create the presumption that they want totally different things...."
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Featured Listing - currently exempt
2320 Greenwood Avenue - Wilmette
You'll love stepping inside this delightful home in the fabulous neighborhood of Kenilworth Gardens. The house has a newer kitchen, roof and furnace. There are 3 bedrooms, 2 baths and a powder room, family room, dining room, living room -- and a finished basement. Wonderful fenced in yard with gorgeous perennial gardens.
List Price: $639,000 3BR/2.1 Baths
The property will be coming on the market on April 19th. If you would like to make an appointment to see it, contact me. |
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Have you discovered Pinterest? I love it. I've found Pinterest a great way to display pictures and ideas for the home. I don't know whether you have a Pinterest account, but it is a wonderfully visual way to communicate. If you like my newsletter, I think you'll really like my Pinterest account. Follow me to see the latest updates and new ideas. As always, if there is any way that I can assist you with your real estate needs, please don't hesitate to call or write!
Wishing all of us a beautiful Spring -- finally!
Ann
R. Ann Jones,
Broker Associate
Prudential Rubloff Properties
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