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How's the Market?

Real Estate News of Chicago's North Shore   

June, 2013  


In This Issue
Buy Local
In the news...
Just the facts...
Highest sales in May
Why your home isn't selling
Social Media for remodeling
10 ways to go green
Emotional Mistakes
Quick Links

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Best of my Blog 
Strengthen the communities... Buy Local -- North Shore's Farmer's Markets

May, 2013

As Spring turns into summer, the local farmer's markets are beginning to starting up again.   Smart phone app...
In the news...

"The housing market is snapping back - prices of single-family homes rose 9.3 percent over the past 12 months, according to the S&P Case-Shiller index.

But that doesn't mean boomers hoping to sell their houses have it made.  

Homeowners who are in their 40s, 50s and 60s face both..."

 - Business Insider  
 

"The U.S. housing market crash of 2007-2008 presented a big opportunity for those in the market to buy a home..." 

 Did You Blow Your Once-In-A-Generation Chance To Buy A Home?

- Business Insider

 

"Are you finally off the fence and doing a little home shopping? As the market heats up and sellers regain control, here are a couple of trends to consider...."

- Forbes

 

"On the North Shore, where some of the Chicago area's wealthiest residents live in multi-million dollar mansions, "affordable housing" can be a matter of perspective.

But not everyone who dwells there is rich. While there may be fewer..."

North Shore towns struggle to meet rising affordable housing demand

- Chicago Tribune

 
 
And since  
all this loveliness  
can not be Heaven,  
I know  
in my heart  
it is June.  
- Abba Gould Woolson 
Greetings!

As I look out my window, no rain... yet.  What an unusual May we had.  I must say, with all this rain my garden is beautifully green and everything looks fresh and overgrown. Nice way to start the summer.  

Speaking of summer, I have a hot tip to share with you.  Clearly we're going to be experiencing the other side effect of this rain... mosquitos. So consider Mosquitnosa nontoxic repellent.  Some good friends are marketing and selling these products and wanted to spread the word.

Have a great summer!
 
Just the facts...

What a May!   I haven't seen the hot sheet look like it has since 2006.  Lots of sales, new listings and houses going under contract.  We are definitely experiencing a revived housing market all along the North Shore.   

So how is the market?   
 
The North Shore's Highest Sales in May

Glencoe - 155 Harbor Avenue

       (new construction)

Original List Price - $3,675,000

List - $3,875,000

Sale - $3,600,000 (93%)

Total Days on Market - 393

Total Days on Market at Final List Price - 232

     

Winnetka - 260 White Oak Lane 

Original List Price - $3,525,000

List - $2,999,500

Sale - $2,770,800 (92%)

Total Days on Market - 404

Total Days on Market at Final List Price - 94

 

Kenilworth - 574 Earlston Road

List - $2,450,000

Sale - $2,450,000 (100%)

Total Days on Market - 1

 

Total of 8 homes closed for over $2,000,000 during the month of May:

Evanston - 2 

Lake Forest - 1

Winnetka - 2

Kenilworth - 1

Glencoe - 2 

(There are currently 236 homes for sale over $2,000,000.)

       
4 Reasons Your Home Isn't Selling 

...When all the other listings seem to be flying off the market and yours seems to be stuck, it's easy to delve into fear, panic and even depression.  

Here's a glimmer of hope:  there is a pretty short list of reasons that most slow-to-sell homes lag on the market.  You've probably heard at least a couple of them ...

 

 

"Remodeling your home can be a daunting task, and it's not just about the money. Whether you're giving your entire home a facelift or you're focusing on a single room, a remodeling project will take a great deal of time and effort. What do you want the finished product to look like? What are your priorities in terms of appearance and functionality? Are you going to..."
  
10 Ways to Go Green and Save Green

Keep reading for 10 simple things you can do today to help reduce your environmental impact, save money, and live a happier, healthier life...

   
selling your house
 
"Have you ever said something in the heat of the moment, then wished for weeks later you could reel those words back in?  Truth is, all of us commit emotion-driven mistakes in some areas of our lives. But when it comes to selling your home - read: cashing out your most valuable asset - the stakes are simply too, too high to allow yourself and your transaction to fall prey to predictable emotional pitfalls...."
     
Featured Listing

209 Maple Court, Lake Forest

 
Wow -- What a fantastic location for this wonderful East Lake Forest home.  Pristine views of the ravines grace most every room of the house with a beautiful deck and yard.  First floor living at its best with kitchen, family, dining, living room, office, first floor master suite and laundry/utility.  Three additional bedrooms are upstairs.  3 car garage. Enjoy this gracious living on a wonderfully unique cul-de-sac neighborhood in the heart of town!  
For all the details go to 209 Maple Court

List Price: $1,249,000
4/5BR/3.1 Baths
    
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!

  

Happy Summer!

 

Ann 

 

R. Ann Jones,

Broker Associate 

Prudential Rubloff Properties

 

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If your property is currently listed for sale with an agent or broker, this is not intended to be a solicitation of that listing.