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Best of my Blog Do you know this place?
February, 2011
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If you love to eat out and are always looking for nice places to wine and dine, I would suspect that you would recognize this familiar North Shore structure. This is the water tower and surrounding barracks at....
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| In the news... |  |
"Nearly half of the mortgages modified in 2009 under the Obama administration's signature homeowner rescue effort are in default again, according to a report on Wednesday that raised concerns..."
Report raises concerns about U.S. housing aid program
Reuters
"The next generation of potential home buyers prefer to live in developments with an array of housing types close to shops and mass transit, a recent survey shows. Is this bad news for the baby boomers who will eventually be looking to..."
Home Loans for Millennials
- The New York Times
"Has your best chance at getting a great deal on your dream home or investment property passed you by?"
Did You Miss the Best Real Estate Buying Bonanza in Decades?
- Leonard Baron
"One of the biggest reasons for the recent stock market surge is the turnaround of the housing market....the housing recovery is bogus..."
Market Watch
"Many obvious factors are driving the resurgence of the U.S. home market, including low interest rates, rock bottom prices and an improving economy. However, a closer look at the data reveals...
The Secret Behind the US Housing Surge
- World Property Channel
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"The first week of August hangs at the very top of summer, the top of the live-long year, like the highest seat of a Ferris wheel when it pauses in its turning. The weeks that come before are only a climb from balmy spring, and those that follow a drop to the chill of autumn, but the first week of August is motionless, and hot. It is curiously silent, too, with blank white dawns and glaring noons, and sunsets smeared with too much color."
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View Previous Newsletters
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Greetings!
Welcome back to "How's the Market?" Hard to believe we're already in August... the days just seem to be flying by.
I have found my summer to be usually busy - business-wise. I really believe that we have seen the end of the slump of the housing market and things are turning around. While there is still an overhang of high-end housing, at least we're seeing some movement. I seem to seeing the most activity in the "attached housing" segment (condos, townhouses, etc.) One example is the Crystal Point apartment complex in Lake Forest. This time last year there were 15 active listings. Today there are only 3 available apartments! What a difference a year makes!
Enjoy the last days of summer -- Happy August! |
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Just the facts...
Rather than giving you a detailed update of the market this month, I thought I would provide the newsletter we received from Prudential Rubloff's owners, Chris Eigel and Michael Pierson.
How's the Market?
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The North Shore's Highest Sales in July
Lake Forest - 471 Hastings Road Original List Price - $6,850,000
List - $4,950,000
Sale - $4,500,000 (91%)
Total Days on Market - 507
Total Days on Market at Final List Price - 42
Evanston - 925 Edgemere Court
Original List Price - $9,000,000
List - $4,600,000
Sale - $3,800,000 (83%)
Total Days on Market - 1,000
Total Days on Market at Final List Price - 211
Kenilworth - 145 Oxford Road
List - $2,950,000
Sale - $2,950,000 (100%)
Total Days on Market - 1
Total of 8 homes closed for over $2,000,000 during the month of July:
Glencoe - 3
Evanston - 1
Highland Park - 1
Kenilworth - 1
Lake Forest - 2
(There are currently 222 homes for sale over $2,000,000.)
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5 Questions to Ask Before Buying an Old House
With home prices down as much as 30 to 50 percent from their peak several years ago (especially certain real estate markets), many people are deciding with good reason that now is the time to jump into home ownership or invest in real estate. While living in a brand new home has its perks, these newer homes are also often lacking in charm and personality. This is why some people are drawn to older, historic homes, which are.... |
 Today's real estate market is uncertain, and homeowners want to do whatever they can to increase the value of their homes-even if they're not planning to sell in the near future.
Updating the look of your home doesn't have to bust your budget.... |
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Top 10 Summer Travel Tips
 "Whether you're heading to the beach, the woods or a hotel this summer, keep these summer travel tips in mind to lessen your impact on the environment...." |
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"If you're trying to sell your home, a competitive housing market can be your worst nightmare. There may be similar homes for sale in your area, and if these homes are priced lower than yours, it can take months to find a buyer for your place. However, price isn't the only thing you have to worry about..."
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Featured Listing
115 Fuller Lane, Winnetka
(currently exempt)
What a location and what a great house! With an easy walk to the beach, Greeley Elementary School and New Trier High School, Fuller Lane is one of those very special streets in Winnetka -- a wonderful, friendly neighborhood. And this house is extra special with its a gorgeous backyard and patio area, gracious and spacious rooms and a beautiful flow for both family and entertaining. The first floor has a living room, combination kitchen & family room, dining room, bedroom/bath (which can be used as an office or den), and sun porch. Two fireplaces and higher ceilings! Three spacious bedrooms and two baths on the second floor. And the third floor has a bath and two rooms that can be used as bedrooms, studio, or au pair suite. The basement has been remodeled with a fitness room, office area and den. A much beloved home is looking for a new family to love it again!!
Give me a call (847-691-1111) or email me if you would like additional information.
5BR/4.1 Baths
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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 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!
Here's hoping the last days of summer are glorious!
Ann
R. Ann Jones,
Broker Associate
Prudential Rubloff Properties
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