It’s the perfect storm.
Interest rates are low. Home prices are low. And the federal tax credit extension, which applies not only to first time buyers but also to current homeowners, is expected to generate more home sales.
However, this storm will pass. The tax credit expires April 30, 2010. The Federal Reserve, which has been buying up mortgage-backed securities from Fannie Mae and Freddie Mac, will stop purchasing the securities by the end of March. Once that happens, all economists agree it will drive rates up by .75 percent, and reduce affordability for thousands of buyers.
Now is the time to sell and buy!
In addition, many leading economists now say that the real estate market is showing strong signs of stability.
Yet, the real estate market remains a challenge. It is evident that if a home is priced well, and marketed correctly, then there’s an increased chance of selling in a declining market.
If sellers price and market properly, buyers will note the value, inventories will be reduced to a level where demand and supply evens out and the market becomes balanced.
Many buyers are asking how long has the property been on the market and how much has the price dropped. In other words, buyers more than ever are searching for value – a deal. It’s more important than ever for sellers to create and market the perception of value.
As an experienced Realtor and Appraiser, I have an eye for value – real and potential. I also have the experience and knowledge to gather, analyze and interpret complex real estate data – a value to any buyer and seller. In addition, I have a successfully proven method to sell homes using an effective customized and innovative marketing and advertising plan that has helped my clients get the most money for their homes in the least stressful and smoothest transactions possible.
A top producer in sales, I have been selling, buying and appraising real estate full-time for more than nine years.
Call me for a free consultation. I can help answer any question about the market, tell you exactly what to do to prepare and market your home and assist with pricing your home.
Closed sales
| |
|
Stat |
Street # |
|
Str Name |
Sfx |
Unit # |
City |
|
LP/SP |
|
|
# Rms |
| |
|
CLSD |
4900 |
|
Foster |
St |
105 |
Skokie |
|
$90,000 (F) |
|
|
4 |
| |
|
CLSD |
10015 |
|
Frontage |
Rd |
C |
Skokie |
|
$126,000 (F) |
|
|
5 |
| |
|
CLSD |
701 |
|
Ridge |
Rd |
4E |
Wilmette |
|
$132,000 |
|
|
4 |
| |
|
CLSD |
7400 |
|
Lincoln |
Ave |
612 |
Skokie |
|
$155,000 |
|
|
4 |
| |
|
CLSD |
9715 |
|
Woods |
Dr |
804 |
Skokie |
|
$195,000 (S) |
|
|
3 |
| |
|
CLSD |
619 |
|
Glenview |
Ave |
304 |
Highland Park |
|
$200,000 |
|
|
6 |
| |
|
CLSD |
8549 |
|
Lawndale |
Ave |
|
Skokie |
|
$203,000 (F) |
|
|
8 |
| |
|
CLSD |
6787 |
|
Ionia |
Ave |
|
Skokie |
|
$230,000 (S) |
|
|
7 |
| |
|
CLSD |
704 |
|
Lamon |
Ave |
|
Wilmette |
|
$260,000 |
|
|
8 |
| |
|
CLSD |
2324 |
|
Central |
St |
4A |
Evanston |
|
$261,000 |
|
|
6 |
| |
|
CLSD |
90 |
|
Franklin |
Pl |
303 |
Lake Forest |
|
$270,000 |
|
|
6 |
| |
|
CLSD |
1740 |
|
Oak |
Ave |
402 |
Evanston |
|
$270,000 (F) |
|
|
5 |
| |
|
CLSD |
7020 |
|
Lorel |
Ave |
|
Skokie |
|
$297,500 |
|
|
7 |
| |
|
CLSD |
601 |
|
Linden |
Pl |
124 |
Evanston |
|
$310,000 |
|
|
5 |
| |
|
CLSD |
1616 |
|
Sheridan |
Rd |
7H |
Wilmette |
|
$315,000 |
|
|
6 |
| |
|
CLSD |
8851 |
|
LaCrosse |
Ave |
|
Skokie |
|
$320,000 (F) |
|
|
18 |
| |
|
CLSD |
1000 |
|
Manor |
Dr |
|
Wilmette |
|
$327,500 |
|
|
8 |
| |
|
CLSD |
905 |
|
Columbus |
St |
|
Wilmette |
|
$338,500 |
|
|
7 |
| |
|
CLSD |
8511 |
|
Kimball |
Ave |
|
Skokie |
|
$340,000 |
|
|
5 |
| |
|
CLSD |
8020 |
|
Kenton |
Ave |
|
Skokie |
|
$392,000 |
|
|
|
| |
|
CLSD |
4404 |
|
Concord |
Ln |
|
Skokie |
|
$430,400 |
|
|
8 |
| |
|
CLSD |
280 |
|
Hastings |
Ave |
|
Highland Park |
|
$482,500 |
|
|
7 |
| |
|
CLSD |
1500 |
|
Sheridan |
Rd |
9B |
Wilmette |
|
$512,000 |
|
|
7 |
| |
|
CLSD |
1720 |
|
Maple |
Ave |
1110 |
Evanston |
|
$515,000 |
|
|
6 |
| |
|
CLSD |
1303 |
|
Lincoln Ave South |
|
|
Highland Park |
|
$547,500 |
|
|
7 |
| |
|
CLSD |
119 |
|
Pierce |
Rd |
|
Highland Park |
|
$597,500 |
|
|
9 |
| |
|
CLSD |
740 |
|
Great Elm |
Ln |
|
Highland Park |
|
$600,000 |
|
|
9 |
| |
|
CLSD |
2677 |
|
Prairie |
Ave |
|
Evanston |
|
$600,000 (S) |
|
|
10 |
| |
|
CLSD |
333 |
|
Woodland |
Rd |
|
Lake Bluff |
|
$650,000 |
|
|
10 |
| |
|
CLSD |
1141 |
|
Mohawk |
Rd |
|
Wilmette |
|
$650,000 |
|
|
|
| |
|
CLSD |
2652 |
|
Asbury |
Ave |
|
Evanston |
|
$770,000 |
|
|
9 |
| |
|
CLSD |
2806 |
|
Lincoln |
St |
|
Evanston |
|
$785,000 |
|
|
10 |
| |
|
CLSD |
2749 |
|
Woodbine |
Ave |
|
Evanston |
|
$810,000 |
|
|
10 |
| |
|
CLSD |
1010 |
|
Knoll |
Ln |
|
Wilmette |
|
$843,000 |
|
|
9 |
| |
|
CLSD |
1151 |
|
Laurel |
Ave |
|
Winnetka |
|
$862,500 |
|
|
10 |
| |
|
CLSD |
1539 |
|
Walnut |
Ave |
|
Wilmette |
|
$867,500 |
|
|
10 |
| |
|
CLSD |
2721 |
|
Park |
Pl |
|
Evanston |
|
$880,000 |
|
|
13 |
| |
|
CLSD |
1212 |
|
Elmwood |
Ave |
|
Evanston |
|
$885,000 |
|
|
11 |
| |
|
CLSD |
1036 |
|
Estate |
Ln |
|
Lake Forest |
|
$950,000 |
|
|
13 |
| |
|
CLSD |
900 |
|
Forest Glen West |
|
|
Winnetka |
|
$1,100,000 |
|
|
12 |
| |
|
CLSD |
37 |
|
Ravine Forest |
Dr |
|
Lake Bluff |
|
$1,150,000 (F) |
|
|
13 |
| |
|
CLSD |
727 |
|
Roslyn |
Pl |
|
Evanston |
|
$1,150,000 |
|
|
9 |
| |
|
CLSD |
1010 |
|
Mt Pleasant |
Rd |
|
Winnetka |
|
$1,500,000 |
|
|
10 |
| |
|
CLSD |
345 |
|
Sunrise |
Cir |
|
Glencoe |
|
$2,900,000 |
|
|
13 |
 |
| Copyright 2010 MRED LLC – INFORMATION NOT GUARANTEED, CHECK FLOOD INSURANCE, ROOM SIZES ROUNDED TO THE NEAREST FOOT |
|
| Prepared By: Tim Pareti, ABR,GREEN - Prudential Rubloff 01/31/2010 04:24 PM |
Pending sales
| |
|
Stat |
Street # |
|
Str Name |
Sfx |
Unit # |
City |
|
LP/SP |
|
|
# Rms |
| |
|
PEND |
132 |
|
Clyde |
Ave |
1 |
Evanston |
|
$88,900 |
|
|
5 |
| |
|
PEND |
9530 |
|
Lamon |
Pl |
117 |
Skokie |
|
$119,500 |
|
|
4 |
| |
|
PEND |
1810 |
|
Laurel |
Ave |
1810 |
Evanston |
|
$134,900 |
|
|
6 |
| |
|
PEND |
5140 |
|
Brummel |
St |
|
Skokie |
|
$179,550 |
|
|
5 |
| |
|
PEND |
9626 |
|
Kostner |
Ave |
|
Skokie |
|
$209,000 |
|
|
7 |
| |
|
PEND |
5117 |
|
Chase |
Ave |
|
Skokie |
|
$249,000 |
|
|
8 |
| |
|
PEND |
4934 |
|
Howard |
St |
|
Skokie |
|
$273,900 |
|
|
6 |
| |
|
PEND |
913 |
|
Brown |
Ave |
|
Evanston |
|
$289,000 |
|
|
7 |
| |
|
PEND |
1720 |
|
Maple |
Ave |
1680 |
Evanston |
|
$307,500 |
|
|
5 |
| |
|
PEND |
755 |
|
Llewelyn |
Ave |
|
Highland Park |
|
$415,000 |
|
|
7 |
| |
|
PEND |
811 |
|
Oakwood |
Ave |
|
Lake Forest |
|
$499,900 |
|
|
6 |
| |
|
PEND |
996 |
|
Ridge |
Rd |
|
Highland Park |
|
$594,000 |
|
|
11 |
| |
|
PEND |
873 |
|
Fairview |
Rd |
|
Highland Park |
|
$799,000 |
|
|
12 |
| |
|
PEND |
962 |
|
Sheridan |
Rd |
|
Winnetka |
|
$925,000 |
|
|
7 |
| |
|
PEND |
920 |
|
Bob-o-link |
Dr |
|
Highland Park |
|
$1,199,000 |
|
|
13 |
| |
|
PEND |
1221 |
|
Colgate |
St |
|
Wilmette |
|
$1,295,000 |
|
|
11 |
| |
|
PEND |
236 |
|
North |
Ave |
|
Lake Bluff |
|
$1,495,000 |
|
|
11 |
| |
|
PEND |
403 |
|
Center |
Ave |
|
Lake Bluff |
|
$1,549,000 |
|
|
10 |
| |
|
PEND |
27861 |
N |
Irma Lee |
Cir |
|
Lake Forest |
|
$1,990,000 |
|
|
|
| |
|
PEND |
1215 |
|
Longmeadow |
Ln |
|
Glencoe |
|
$2,239,000 |
|
|
12 |
| |
|
PEND |
233 |
N |
Deere Park |
|
|
Highland Park |
|
$2,975,000 |
|
|
12 |
|
| Copyright 2010 MRED LLC – INFORMATION NOT GUARANTEED, CHECK FLOOD INSURANCE, ROOM SIZES ROUNDED TO THE NEAREST FOOT |
|
| Prepared By: Tim Pareti, ABR,GREEN - Prudential Rubloff 01/31/2010 04:38 PM |
Based on information from Midwest Real Estate Data for the period Jan. 27, 2010 through Jan. 31, 2010. Listing and solds by various participants of MRED. For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
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Filed under: Commentary Tagged: | evanston closed properties, Evanston pending sales, evanston properties under contract, Evanston property transfers, evanston real estate, First Time Homebuyer Tax Credit, tim pareti
The Perfect Storm
It’s the perfect storm.
Interest rates are low. Home prices are low. And the federal tax credit extension, which applies not only to first time buyers but also to current homeowners, is expected to generate more home sales.
However, this storm will pass. The tax credit expires April 30, 2010. The Federal Reserve, which has been buying up mortgage-backed securities from Fannie Mae and Freddie Mac, will stop purchasing the securities by the end of March. Once that happens, all economists agree it will drive rates up by .75 percent, and reduce affordability for thousands of buyers.
Now is the time to sell and buy!
In addition, many leading economists now say that the real estate market is showing strong signs of stability.
Yet, the real estate market remains a challenge. It is evident that if a home is priced well, and marketed correctly, then there’s an increased chance of selling in a declining market.
If sellers price and market properly, buyers will note the value, inventories will be reduced to a level where demand and supply evens out and the market becomes balanced.
Many buyers are asking how long has the property been on the market and how much has the price dropped. In other words, buyers more than ever are searching for value – a deal. It’s more important than ever for sellers to create and market the perception of value.
As an experienced Realtor and Appraiser, I have an eye for value – real and potential. I also have the experience and knowledge to gather, analyze and interpret complex real estate data – a value to any buyer and seller. In addition, I have a successfully proven method to sell homes using an effective customized and innovative marketing and advertising plan that has helped my clients get the most money for their homes in the least stressful and smoothest transactions possible.
A top producer in sales, I have been selling, buying and appraising real estate full-time for more than nine years.
Call me for a free consultation. I can help answer any question about the market, tell you exactly what to do to prepare and market your home and assist with pricing your home.
Closed sales
Pending sales
Based on information from Midwest Real Estate Data for the period Jan. 27, 2010 through Jan. 31, 2010. Listing and solds by various participants of MRED. For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
Share this:
Like this:
Filed under: Commentary Tagged: | evanston closed properties, Evanston pending sales, evanston properties under contract, Evanston property transfers, evanston real estate, First Time Homebuyer Tax Credit, tim pareti