Archive for the ‘Sellers’ Category

Chicago Real Estate Market Trends-April 2017

May 26, 2017

Chicago Market Tends

Chicago Real Estate Market Trends for April 2017

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Center, Uptown, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in April 2017 increased by 4.62% compared to April 2016. The average selling price decreased by 2.15% to $935,019 and the average market time increased by 7 days or 6.03 %. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

181

$935,019

97%

123

April 2016

173

$955,518

96%

116


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in April 2017 increased by 3.19% for the month when compared to April 2016. The average selling price increased 1.77 to $446,365 and the average market time decreased 6 days or 8.70%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

1,365

$446,365

99%

63

April 2016

1,410

$438,610

97%

69


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in April 2017 decreased 4.65% when compared to April 2016. The average selling price increased 16.38% to $604,670 and the average market time increased by 5 days or 7.58%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

82

$604,670

96%

71

April 2016

86

$519,561

97%

66


Curious about the value of your home? 
Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

 

Chicago Real Estate Market Trends for August 2016

October 12, 2016

Being a homeowner means that your home is yours – even the things that need fixing. Is a faucet leaking? Are floor boards squeaky? Is a light-switch not working? Those issues are all yours to tackle. But what projects can you do yourself and what ones require the help of a trained professional? Taking on projects yourself can save you time and money. But taking on the wrong projects can lead to unending amounts of stress or end up costing you more money than if you had hired someone in the first place. NAR’s consumer website, HouseLogic.com, lets you know which projects need a seasoned hand and a beginner can undertake.

Take a look at how many families decided to become homeowners in our local market in August…

Chicago Real Estate Market Trends for August 2016

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in August 2016 decreased by 10.43% compared to August 2015. The average selling price in decreased by 3.45% to $787,003 and the average market time decreased by 3 days or 4.28%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

206

$787,003

97%

67

August 2015

230

$815,161

97%

70


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in August 2016 increased by 2.33% for the month when compared to August 2015. The average selling price decreased 0.50% to $402,536 and the average market time dropped 7 days or 11.29%. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

1,490

$402,536

98%

55

August 2015

1,456

$404,587

98%

62


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in August 2016 remained the same when compared to Augsut 2015. The average selling price decreased 0.18% to $562,237 and the average market time increased by 16 days or 23.8%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

August 2016

128

$562,237

98%

51

August 2015

128

$563,252

97%

67


Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties

Clever Ways to Bid Your Home Farewell

September 26, 2016

19505419 - happy family with kids moving into a new home - sitting with cardboard boxes

There are many reasons why you might have to  bid your home farewell after living there for several years.  You may have had to leave do to not being able to pay the mortgage because it was too high for you or you may have outgrown your home as your family has become larger over the years.  Still another reason you may have to bid your home farewell is due to a job change that takes you from your home and places you into another area or even another state.  Below are a few ways in which you can bid your home farewell, the place you have come to know and love.

  1. One way that you can say goodbye to your home that may help everyone feel a bit better about a move is to go around the house room by room and have each family member say aloud why that particular room was important to them and what if anything it meant to them personally.
  2. Another way you can say goodbye to a home or rather feel like you are still connected to it years after moving out is by planting a few trees around the house.  If you and your family are blessed enough to be able to come back and visit the home after some time you can watch as the trees begin to grow and see how they change year after year and perhaps still feel a connection to the house.
  3. Yet another clever way to bid farewell to your home is to have someone paint a picture of your home before you leave it. You can then carry that home with you to your next home and place the picture in a prominent place for all to see.  This is a great way to keep the memory of a beloved home alive for years to come.
  4. Making a movie of yourself and your family inside of your home before you leave it to travel to your new home is another great way to remember the good times you had there. If you ever feel like you are missing your “old” home place you can always get the video out and feel connected to it once again.

Homes are not just walls and plaster, they are where we raise our families, where we love and are loved.  Leaving a home is never easy but hopefully these ideas about how to bid farewell to your home  will make it a bit easier for you.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Get These Things Done Soon After Moving Into Your New Home

August 5, 2016

Get These Things Done Soon After Moving Into Your New Home

If you were lucky enough to buy a new home recently then you need to know a few things that you should strive to accomplish soon after the move.    These things will get you set in the right direction for being comfortable mo in your new home for years to come.  A few of these ideas are listed below.

  • Be sure to take pictures of each room in your new home just before moving in. Sometimes the inspection takes place and then the previous owners come back to get a few last items of theirs moved out. You never know, especially if the previous owners were forced to move due to a short sale, what they may have done to the house.  Take pictures before you move your furniture inside.  This way if any damage has occurred you will have full documentation of it and may be able to get things fixed more easily.
  • If you hire a moving company to move your belongings from one house to the other you will want to check all of your belongings to make sure there was no damage done to anything during the move. You should have liability coverage in your moving contract and if that is the case if any damage occurs and you document the damage you should be able to get reimbursed for that.
  • One of the most important things to accomplish as soon as you move into a new home is to change the locks. You have no way of knowing how many folks have a key to your home from the previous owners and you surely don’t want to worry about someone being able to get inside of your home without your knowledge.  Get this task done right away.
  • If you want to make the home have a nice new feel, painting is a great way to do that. Painting an empty house is much easier than having to move the furniture around later.
  • If you are a registered voter and you have recently moved into a new home that is in a different county, you will want to change your voter registration right away. It’s not a good feeling to be turned away at the polls because your address is incorrect.

These are just a few ideas of things you should strive to accomplish soon after moving into a new home. Hopefully they will be of some help to you and yours.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Tips for Moving With Your Pet

July 18, 2016

ips for Moving With Your Pet

If you have pets, chances are they are members of your family and you love them very much.  Many times when moving to a new home, family pets can become an issue.  Below are a few tips for moving with your pets.

  1. ID TAGS AND COLLARS

Before you make a move into a new location, go ahead and make sure that all of your animals have the proper id tags and collars on.  If phone numbers and addresses need to be updated on the dog tags, go ahead and take care of that before you move.  Many times pets can get a little discombobulated when you move and they may wander off trying to find the home they have become accustomed to.  If you have the correct numbers and address on their tag, they can easily be returned to you.

  1. KEEP PETS IN CRATES ON MOVING DAY

Whether or not your pet is used to being in a crate, if you are in the middle of moving to a new home, moving day needs to be crate day for your pets.  This will help to insure that they are not left behind or that they don’t get stepped on in all the hustle and bustle.

  1. PET HOTELS

If you are moving a long distance, make sure that you map out hotels along the way that are pet friendly.  This way you won’t end up being turned away from your hotel at the last minute when they see you have pets.  Taking care of this beforehand will make for much better travel for everyone involved.

  1. VETS

If you are moving far away you are going to need to get all of your pet’s vaccination papers and other materials from your vet’s office.  Be sure to take care of this well in advance so you don’t forget to do it.  Perhaps your current vet can even recommend a new vet in or nearby your new location.

  1. OVERNIGHT PET BAG

Since your pet is part of your family, treat them as such by packing them an overnight bag with enough items such as food, water, jackets, toys, etc to get them through the first few days of your move.  You are going to be busy enough without having to worry that your pet has all that he or she needs during your move so pack accordingly.

  1. PET RELOCATORS

If you simply can’t take your pet along for the move, but you want them to arrive at your new house safe and sound, you may want to hire a pet relocation company to do this for you!

Hopefully these tips for moving with your pet will be beneficial to you during your move to your new home!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Tips for Selling Your Home

July 9, 2016

karen couple

More than likely if you’re selling your home you have done your best to get it as clean as you possibly can.  What you may not know is that there are many other tips and tricks that go above and beyond cleaning your home to help you in the selling of your home.  A few of those tips and tricks are listed below.

  • One of the main things you need to do if you want to sell your home is to leave when someone is taking a tour of your home.  This may sound like a “no-brainer” but you would be surprised at the number of folks who try to stick around during a home tour.  The prospective owners want to see the house and envision themselves in it. This cannot happen if you are lurking in the background during the tour.
  • Another tip for selling your home is not to leave your pets behind during a home tour.  Although people love pets, they don’t really want to meet your pet in person while touring your house.  Be sure to clean up after them as well and not leave the pets belongings strewn throughout the house.
  • Be sure to move your car where the Realtor and the prospective buyer will have a place to park when touring your home. If you need to park all of your extra cars at a friend’s or neighbor’s house during the tour, do so.
  • Be careful not to leave your bills and other mail laying around on the kitchen counter-tops when you have someone coming to take a tour of your home. Not only is clutter a turn off to prospective buyers but it is also not a good idea to leave important documents lying around that can be seen by eyes that don’t need to see them.
  • Do not call your Realtor five minutes after the home tour has taken place. Be careful to give him or her time to do their job and get things in order before they come to you with feedback from the tour.

These tips for selling your home  are very helpful if you are sure to take them to heart.  Most importantly remember to do your part in the preparing for the sale of your home and always be willing to negotiate.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Don’t Lose Your Dream Home To Another Buyer

June 16, 2016

Don’t Lose Your Dream Home To Another Buyer

Perhaps you have been searching for your dream home and you have already found the one you really want but before you get a chance to do anything about it you drive by and notice it is ‘under contract’ or ‘pending’.  If this happens to you, don’t give up on your dreams there are things that you can do to make things go in your favor.  Below are a few ideas for you to try if you find that your dream home is about to slip through your fingers.

  • First of all if you find that the home you have your eye on is ‘under contract’ you need to know that you shouldn’t give up. Under contract doesn’t mean that the sale has taken place it only means that an offer has been made but that it hasn’t closed yet.   There is still a good chance that the home may come back on the market again especially if the buyer cannot come up with the funds needed through financing.  Another reason a sale pending may fall through is if the inspection doesn’t work out.
  • Talk to your Realtor and let she or he know that you are interested in the house that is under contract. Many times seller’s agents will continue to show a home until the last minute.  They do so because they may be hoping for a better offer than they currently have.  They also do this so that if the funding falls through for the current bidder they will have someone else in line to make an offer quickly afterwards.
  • If you REALLY want this house and you don’t want it to slip through your fingers you can always make a higher bid than is currently in play. If you can afford to do this, it can be an easy way to make things go in your favor.
  • Sending a handwritten note to the seller is a great way to let them know just how serious you are about purchasing their home. Hand written letters are pretty much a thing of the past these days and a handwritten note may make all the difference in the seller’s decision.

Some of these tips for snatching your dream home  out of ‘under contract’ or ‘pending’ status are pretty unconventional but if you really want the home to be your own you may be willing to do whatever it may take. In the end if you don’t end up getting the home, there is another one out there that is better for you and your family.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Tips For Selling Your Home With Pets

May 31, 2016

Tips For Selling Your Home With Pets

We have all been inside of friends and families homes that have pets and we all know just how smelly pets can make a home no matter how clean you keep your pets.  In fact, most homes these days have at least one pet in them.  If you are trying to sell your home having a pet may make it harder to do so.  Let’s take a look at a few ways pets make things harder on someone who is trying to sell their home.

  • You may have your home staged to the max but if you have a pet inside it is likely that the odor will be noticed by folks who come to take a tour of your home. You may think that if you give your pet a bath daily there will be no odor, think again.  Pets have an odor that is all their own and it is easily noticed by the human nose.
  • Cats tend to make the most smell when it comes to having animals inside of your home because they do their business inside, in the litter box. It is important to take litter boxes outside when showing a home so that the smell may be somewhat masked at least.
  • Pets that shed are ones that may cause an issue when someone comes to tour your home because there is absolutely no way you can get rid of all of the hair inside of your home. If you need to have a pet, perhaps opting for one that doesn’t shed such as a poodle is a better option for you.  You can run a lint brush over all of your furniture before a showing but as I said there is basically no way to get rid of all of the hair.
  • An air purifier may be a good idea to invest in if you have pets and you are about to start showing your house. These types of machines go a long way to helping take the pet smell out of your home.

Don’t worry, if you want to sell your home and you have pets you don’t have to get rid of your pets just be diligent and do your part to make sure those who tour your home have no idea you have animals living inside.  Once they finish the tour you can go back to normal life until the next showing and then you will repeat the entire cleaning process over again.  Another thing you can do if you have pets and you are trying to sell your home is to look up some tips and ideas online of how to make your home show better and therefore sell faster.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

Home Improvements To Get Your Home Ready To Sell

March 25, 2016

improvement_448

Spring has officially begun making this a good time to get started on some home improvements in order to get your house ready to put on the market!  Below are a few ways you can get started on home improvements both inside and out.

  • A fresh coat of paint inside your home is a great way to improve the way your home looks and get it ready to put on the market. Try to keep a neutral theme if you can when painting because you want others to be able to see themselves living in your home and not the other way around.  You will likely be amazed at just how much difference a fresh coat of paint will make to your home.
  • Panting your front door a color that pops is a great way to get awesome curb appeal. Many folks will love your home simply because it has a red door and it stands out above all the others in the neighborhood.  Use a pop of color on your front door to your advantage when trying to sell your home!
  • Pressure washing your home is a great way to make it shine if your home is vinyl siding. You may have lived in your house so long that you forgot what color your siding actually is until you pressure wash it.  This is another way to have great curb appeal when you put your house on the market.
  • If your house has columns at the front it may be a good time to replace them or at least give them a fresh coat of paint. Over the years columns tend to expand and crack and make the house look older than it actually is.  Give your home a facelift by taking care of issues like these before you put it on the market.
  • Refinishing your hardwoods is another way to make your home look its best. You can do this yourself or you may want to choose to hire someone to do it for you.  Either way, refinishing your hardwoods is a great home improvement idea!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

The Importance of Using A Realtor When Selling Your Home

February 13, 2016

The Importance of Using A Realtor When Selling Your Home

Selling your home is no easy task and this is especially true if you try to do it without the help of a Realtor. Realtors are trained to be able to assist you in the purchase of your dream home and it is always a good idea to use them when you are ready to sell your home as well. Many times folks put their house on the market thinking they can sell it “for sale by owner” but once they do this they soon realize they have bitten off more than they can chew! In this blog post we are going to talk about why it is important to hire a Realtor to sell your home for you.

  • Selling your home with a Realtor helping you takes a lot of the pressure off of you. You won’t have to deal with all of the necessary paperwork and will be able to pay closer attention to the little details of the sale.
  • If you choose to let a Realtor help you sell your home you will be able to do things such as de-clutter your home before you start showing it. You may also have time to do some much needed renovations that may help you get more money for your house than if you left the renovations undone.
  • Your Realtor will be able to get your house onto the internet where it will be opened up to a large market of people. Your Realtor will also be able to list your home in real estate magazines, newspapers, and websites that are easily accessible to a large number of people.
  • Realtors also create virtual tours and videos which is a great way to get your home in front of many prospective buyers.
  • By hiring a Realtor to help sell your home he or she will be able to negotiate with the potential buyers better than you may be able to do yourself. Sure you have to pay the Realtor for his or her services but in the long run it is more than worth it.

If you get a good Realtor he or she will do whatever they can to sell your home and to get the amount of money you need out of the sale.

Be sure to do your homework before hiring a Realtor to sell your home. You need to choose someone that matches your personality and someone that you can get along well with. If you decide to hire a Realtor to sell your home, you will likely be very glad you did!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties 
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!