Wednesday, March 20, 2019

Deerfield Real Estate Market Stats for February 2019

City Active Listings: There are a total of 158 properties actively on the market with the average price of $605,062 in Deerfield.

City Sold Listings: 10 properties closed last month in Deerfield with an average sales price of $400,460. The average time on market for these properties was 61 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
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Glencoe Real Estate Market Stats for February 2019

City Active Listings: There are a total of 84 properties actively on the market with the average price of $1,295,282 in Glencoe.

City Sold Listings: 7 properties closed last month in Glencoe with an average sales price of $648,000. The average time on market for these properties was 62 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
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Highland Park Real Estate Market Stats for February 2019

City Active Listings: There are a total of 257 properties actively on the market with the average price of $820,274 in Highland Park.

City Sold Listings: 22 properties closed last month in Highland Park with an average sales price of $638,199. The average time on market for these properties was 87 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
Your North Shore Real Estate Expert


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Northbrook Real Estate Market Stats for February 2019

City Active Listings: There are a total of 276 properties actively on the market with the average price of $644,631 in Northbrook.

City Sold Listings: 39 properties closed last month in Northbrook with an average sales price of $477,590. The average time on market for these properties was 88 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
Your North Shore Real Estate Expert


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Winnetka Real Estate Market Stats for February 2019

City Active Listings: There are a total of 148 properties actively on the market with the average price of $1,790,786 in Winnetka.

City Sold Listings: 8 properties closed last month in Winnetka with an average sales price of $1,170,403. The average time on market for these properties was 75 days. 



To view the complete report including additional detailed data, charts ad graphs, please

Janie Bress
Your North Shore Real Estate Expert


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Wednesday, March 6, 2019

Mortgage Advice to Reconsider As North Shore Buyer

When in the market as a North Shore homebuyer, it’s easy to fall for outdated mortgage advice. After all, we have the internet at our fingertips, filled with information and opinions on all matters, and we have friends and family members, who offer us tips from when they bought a home.

The thing is, the North Shore real estate market is constantly changing, so real estate advice can quickly become obsolete. The best advice is straight from a real estate agent and mortgage lender in the area where you’d like to buy. Both keep up with the latest stats and trends in the area, and can help you make the best decisions as a homebuyer and mortgage qualifier.

Here are a few common mortgage myths that might not be true for you anymore:

1.  You need to have a 20 percent down payment. Most homebuyers still believe this to be true, even though in actuality, few first-time buyers can make a 20 percent down payment anymore! There are traditional loans offering 10 percent down or less, and FHA loans require as little as 3 percent. If you don't have 20 percent saved, shop around to see what the best option is for you.

2.  Choose a 30-year mortgage with a fixed interest rate. While this is still the most common type of mortgage, it’s not the only option. If you’re buying a forever home on the North Shore, this may save you the most money over a long period. However, if you’re buying a starter home, but plan to move in the near future, a five or seven-year adjustable rate mortgage might work better. It’s best to check all of your options.

3.  Wait for interest rates to drop. Because interest rates have been at historic lows in the last few years, now that they are on the rise, you’ll often hear the advice that you should wait until they drop again. However, mortgage experts predict that interest rates will increase rather than decrease this year and in the coming years. Right now, they are still near historic lows, though not as low as they were in the past couple years. So while you may have already missed the lowest they will be, the sooner you buy, the sooner you could get a great rate before they increase.

As you can see, you have many mortgage options as a North Shore homebuyer! Your best bet is to meet with a mortgage lender to get pre-qualified and find out what you qualify for, and to meet with a North Shore real estate agent to find out what houses are going for in the area you’d like to buy.

Whether you’d like to buy in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, and other North Shore communities, I can help you out! Give me a call and let’s work toward achieving your North Shore real estate market goals this winter or spring season.

Janie Bress
Your North Shore Real Estate Expert


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Wednesday, February 20, 2019

Deerfield Real Estate Market Stats for January 2019

City Active Listings: There are a total of 124 properties actively on the market with the average price of $352,500 in Deerfield.

City Sold Listings: 16 properties closed last month in Deerfield with an average sales price of $392,255. The average time on market for these properties was 108 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
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Glencoe Real Estate Market Stats for January 2019

City Active Listings: There are a total of 80 properties actively on the market with the average price of $890,000 in Glencoe.

City Sold Listings: 10 properties closed last month in Glencoe with an average sales price of $1,175,750. The average time on market for these properties was 104 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
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Highland Park Real Estate Market Stats for January 2019

City Active Listings: There are a total of 238 properties actively on the market with the average price of $368,065 in Highland Park.

City Sold Listings: 20 properties closed last month in Highland Park with an average sales price of $401,906. The average time on market for these properties was 93 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Northbrook Real Estate Market Stats for January 2019

City Active Listings: There are a total of 243 properties actively on the market with the average price of $446,250 in Northbrook.

City Sold Listings: 25 properties closed last month in Northbrook with an average sales price of $538,521. The average time on market for these properties was 69 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Winnetka Real Estate Market Stats for January 2019

City Active Listings: There are a total of 115 properties actively on the market with the average price of $1,859,529 in Winnetka.

City Sold Listings: 11 properties closed last month in Winnetka with an average sales price of $877,545. The average time on market for these properties was 46 days. 


To view the complete report including additional detailed data, charts ad graphs, please

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Wednesday, February 6, 2019

Moving Tips for North Shore Buyers and Sellers

Whether you plan on selling, buying or both on Chicago’s North Shore this winter season, you have a big move ahead of you! Allow me to fill you in on some expert moving tips, so you can plan ahead and be better prepared. The more prepared you are, the easier it will be to transition into your new living space!

1.  Declutter. There is no point in traveling with clutter that you no longer need or use, so first, go through each room and remove anything you could live without. This could be kitchen appliances you never use, clothes you haven’t worn in years, old books, etc. This is especially important if you’re selling your North Shore home, as this is an important step in the home-selling process!

2.  Sell items. If you’re having a hard time parting with some of your stuff, and it has monetary value, don’t just throw it all out! It’s not a good time of year for a garage sale, but if you’ve got time, try selling it online. You can post on Facebook, Craigslist, eBay and so on. You could also donate items, recycle, and toss what is left.

3.  Plan ahead. If you know you have a move ahead of you, start collecting boxes, tools and packing material. If you receive any orders from Amazon, break down the boxes and store them. Stock up on tape, permanent markers to mark the boxes with, and newspaper and bubble wrap for breakable items. If there are items you could start packing ahead of time that you don't need right now, such as summer gear, get that over with early.

4.  Plan for move-out day. Pack room by room while labeling boxes as you go. Write what is in the box and which room it goes in. When unpacking boxes at the new home, place each box in its designated room right away. Leave out anything you’ll need within the first day or two, and pack that in a suitcase you’ll bring with you into your new home.

5.  Pack appropriately. Experts recommend wrapping delicate items with plastic sheets and then bubble wrap, and packing them into boxes so they can’t move around. Wrap plastic sheets around furniture to protect them during the move. Mark fragile boxes so movers know to be extra careful. If very fragile or important, bring with you in your own vehicle.

6.  Keep yourself safe. If you can dismantle furniture and large items, do so to make packing easier and safer for you. Avoid carrying and lifting heavy objects when possible. Keep screws and little pieces in clear Ziploc bags, marked so you don’t lose any important items. Hire movers to help you out if you’ve got a lot of heavy, big stuff!


I look forward to guiding your through the home-selling and/or home-buying process, so you can comfortably settle down in your new home this winter!

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Wednesday, January 23, 2019

Highland Park Real Estate Market Stats for December 2018

City Active Listings: There are a total of 237 properties actively on the market with the average price of $804,818 in Highland Park.

City Sold Listings: 30 properties closed last month in Highland Park with an average sales price of $530,017. The average time on market for these properties was 68 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Highland Park market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Northbrook Real Estate Market Stats for December 2018

City Active Listings: There are a total of 258 properties actively on the market with the average price of $629,618 in Northbrook.

City Sold Listings: 42 properties closed last month in Northbrook with an average sales price of $505,336. The average time on market for these properties was 52 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Northbrook market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Winnetka Real Estate Market Stats for December 2018

City Active Listings: There are a total of 89 properties actively on the market with the average price of $1,953,057 in Winnetka.

City Sold Listings: 15 properties closed last month in Winnetka with an average sales price of $1,010,223. The average time on market for these properties was 50 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Winnetka market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Glencoe Real Estate Market Stats for December 2018


City Active Listings: There are a total of 68 properties actively on the market with the average price of $1,287,456 in Glencoe.

City Sold Listings: 11 properties closed last month in Glencoe with an average sales price of $1,751,453. The average time on market for these properties was 57 days. 



To view the complete report including additional detailed data, charts ad graphs, please view the Glencoe market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Deerfield Real Estate Market Stats for December 2018

City Active Listings: There are a total of 104 properties actively on the market with the average price of $603,937 in Deerfield.

City Sold Listings: 19 properties closed last month in Deerfield with an average sales price of $417,308. The average time on market for these properties was 77 days. 


To view the complete report including additional detailed data, charts ad graphs, please view the Deerfield market statistics

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Wednesday, January 9, 2019

What are Closing Costs on Chicago's North Shore?


It may seem surprising, but did you know that the majority of homebuyers today aren't aware of closing costs? You may find that you have prepared for homeownership with your down payment and even have your first month's mortgage ready in your bank account, but this very important set of costs is commonly overlooked. 

As your local real estate agent on Chicago's North Shore, I've included a few key notes on closing costs below so you are better equipped to make the biggest, most important purchase of your life!

What Are Closing Costs?

Closing costs are recurring and non-recurring fees connected to both your lender and other parties in the sale—for instance, an attorney, inspector and title company—and are to be paid upfront at the closing table. Unless you have financed them ahead of time or worked your offer to arrange for the seller to pick up the tab, unfortunately there is no way around these costs.

Closing costs typically include:
  • Homeowners insurance
  • Title insurance
  • Loan origination
  • Home inspection
  • Appraisal
  • Document prep
  • Property line survey
  • Title search and recording
  • Loan underwriting
  • Wire transfer

How Much Will They Cost?

Closing costs tend to range between two and five percent of the total purchase price of the home. 

How Can You Prepare?

It is true that you may not know how much you will owe in closing costs until you find a home in Glencoe, Winnetka, Highland Park, Deerfield, Northbrook, Lake Forest, Wilmette, Evanston, Glenview, Riverwoods, Bannockburn, or other North Shore communities and meet with a lender, but you can still gather a general idea based on your price range alone. For instance, with a budget for a new home around $150,000, you can expect to pay between $3,000 and $7,500 in closing costs.

Once you've met with your lender on the North Shore, you can estimate how much you will owe in closing costs given your loan product, loan amount and the interest rate you are offered. You can use a mortgage calculator to estimate your monthly payment and how that will fluctuate depending on if you've decided to finance the closing costs into it. 

Give me a call today to get started on your North Shore home search or with any questions you have about buying a home in today's market.

I look forward to hearing from you!

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Wednesday, January 2, 2019

5 New Year's Resolutions to Make as a North Shore Homebuyer

Have you sat down and made a list of your new year's resolutions yet? It's always a fun exercise to take stock of your goals for the year ahead and make a plan on how to achieve them. For many on Chicago's North Shore, you might find that they are personal or health related, but one of them might be buying a home!

There are dozens of steps to take to successfully become a homeowner in 2019 and as your local North Shore real estate expert, I am happy to help you make that a reality! Below are 5 new year's resolutions to make in order to buy a home in the new year:

Eliminate indulgences
It might not be your favorite path to homeownership, but cutting indulgences can be a quick and simple way to save for a down payment. For instance, could you stand to cut cable and instead use Netflix? Or on the same note, is there a streaming service you could cancel? You might want to cut dining out and your morning coffee runs, instead packing your lunch and brewing coffee at home. These little indulgences can mean big savings if they're avoided!

Start a home savings account
You can't save specifically for your home if you don't have anywhere for it to go! Open a savings account specifically for your new home. Get into the habit of making weekly or monthly deposits—whatever you can afford—and watch your down payment grow!

Do a mortgage test run
The only way to truly know if you can swing being a homeowner in Glencoe, Highland Park, Deerfield, Winnetka, Northbrook, Evanston, Lake Forest, Wilmette, and the surrounding areas, is to do a test run. Try saving like a homeowner—meaning you set aside your monthly housing expenses and an amount for your emergency fund—and see if you can live with your new budget. 10% of your mortgage payment is a good rule of thumb to account for maintenance fees, so start there.

Pay all bills on time
There is nothing that can raise a red flag quicker to a lender than unpaid bills. If you intend to get approved for a mortgage in 2019, it is best to make sure you pay all of your bills on time. Not only does this keep your credit score high, but it shows lenders you are capable of managing a monthly payment.

Visit open houses
This may seem counterintuitive if you're not yet ready to buy a home on the North Shore, but attending open houses allows you to see what properties are available in your price range. This gives you a more realistic approach to the market and could even motivate you to save more!

Ready to make your dream of owning a home a reality this year? Give me a call today!

I look forward to hearing from you!

Janie Bress
Your North Shore Real Estate Expert


North Shore Real Estate
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Local Expert... with National Connections!