Evanston IL Real Estate

As a “Short Sale” Specialist I  find it  important to discuss how the real estate market is being influenced by the number of “Short Sales” and “Foreclosures” in Evanston. The statistics I am about to report are only accurate to a point. Part of the problem is real estate agents are not disclosing their listings as “Short Sales” in the MLS even though the Real Estate Board has now improved the data entry on  both “Short Sales” and “Bank Owned” properties. With that in mind, here are the third quarter results on”Short Sales” and”Bank Owned” properties in Evanston.

Currently, there are 23 “Short Sales” Listings  and  4 “Bank Owned” Listings in Evanston. This represents 7%-9% of all “Active Listings” in Evanston, IL

During the past nine months, 8 “Short Sales”  and 4 “Bank Owned”  have closed in Evanston, Il. This represents 4% of all closed homes in Evanston.

We are now in the final quarter for 2008 and I think many realtors would say they hope to get through with this year and into next year. Here is where Evanston stands for the first three quarters of 2008.

What pops out in the statistics are the sales volume figures for single family homes and Attached Homes. Single Family sales are slightly off by 14% while Sales figures for Attached homes is off by 40%.

In 2007, 322 single family homes sold in Evanston.  In 2008, Evanston sold  276 single family homes.

In 2007,  581 Attached homes sold in Evanston.  In 2008, 350 Attached homes have sold.
Both Single family and Attached homes sales volume figures are down. Total Sales volume for single family homes is down 16% and 44% for attached homes from the previous year.

One final interesting fact about Evanston is the average sale price is down but is not as bad as other area’s are reporting. The average single family home in 2008 is $628,581 down from $655,251 in 2007. This represents a decline of just 4%.

The average price of an attached home in 2008 is $300,315 down from $321,764 in 2007. This represents a decline of 7%.

                                                                         1-888-307-7311 

FREE INFORMATION 24 Hours a Day/7 Days a Week. Just Dial the 800 number and enter the extension next to the listing and listen to the recorded message on each listing listed below. Enjoy…

Estate Sale!!

 1-888-307-7311 Ext. 15

Short Sale!!

1-888-307-7311 Ext 18

Short Sale!

1-888-307-7311 Ext 12

Estate Sale!!

 1-888-307-7311 Ext 19

Just a quick not to let you know how I can help you or anyone you might refer to me.

Lonnie ha a daughter who was entering Northwestern University as a freshman and thought buying a condo was a prudent investment rather than spending money regularly for college housing.

Lonnie contacted me because she wanted to use part of the tuition account as a down payment for a small condo for her daughter Karen to live in instead of renting. I got to work immediately looking for appropriate properties in commuting distance from the University. Over one weekend Lonnie and Karen had several nice places from which to select, and the ended up choosing a two-bedroom vintage condo that was perfect for Karen. Karen will rent the other bedroom to help cover the mortgage, and Lonnie will make money as the value of the home appreciates over the next four years. Now that strategy earns Lonnie an A+!

P.S. Instead of spending money on rent, Lonnie has an investment for her future. Who is the next person you know who may be interested in an investment property? Please give me a call to discuss how I can let them know about my services.

If you are in the market to buy a home or condo it just got easier. All you have to do is go to my website and go to MLS listings and begin your search.  This is a hassle free way to search for homes on your own. When you find something you are interested in seeing then I hope you would call me so I can make the appointment for you. If you would like a more custom tailored search then try my HomeFinders Service where I send you listings that will hopefully become your next Dream House.

 Are you looking to buy a home in the next 3 months?

Visit new website Evanstonillovelyhomes.com

 Free Information 24 hours at 1-888-307-7311 Ext 4.

According to the Illinois Association of Realtors (IAR) single family and condo sales in Illinois rose during the month of May. Their study showed 14,349 homes sold in the Month of May compared to 12,932 homes sold in April of this same year.

In Evanston, we have also seen an increase in the number of homes sold. For this quarter (April-June) 84 homes have either sold, closed or are under contract compared to 66 homes for the previous quarter (January-March).

The total number of condo sold are down for this quarter (April-June) with a total of 148 condos sold compared to last quarter totals of 197 (January-March).

Dear Friends,

Here’s a quick mote to let you know how I can help you or anyone you might refer to me.

Newly married couples often don’t know where to start when they’re ready to purchase their first home. I was eager to start Peter and Carol out on the right foot and had them contact past clients I worked with when they asked me for references.

Peter and Carol knew alot about what they wanted in a house, but not nearly as much about what they could afford or what what homes were available in their desired area. During our Initial Consulatation, I spent alot of time discovering what was important to them about owning a home. When we were clear on their goals and dreams, I referred them to my Mortgage Consultant to get them pre-approved, and then we were off to locate their little slice of paradise. Now, Peter and Carol reside in a three- bedroom home in the heart of a wonderful community- their first goal accomplished!

Jack Lewitz, Your Real Estate Consultant for Life

Weichert Realtors, Lakeshore Partners 847-570-9977

 P.S. Who’s the next couple you’d like to help start out on the right foot? Please give me a call to discuss how I can help them.

I have noticed an increase in the number of foreign nationals looking to find information about Evanston, IL. I want to welcome those people from the following countries: Canada, United Kingdom, India, Germany, Austria, France, Australia, Japan, South Africa, Netherlands, Poland, Brazil, China, Korea, Phillippines, Romania, Albania, Algeria, and Argentina who have visited my real estate blog site.

Weichert Relocation Resources Inc (WRRI) , a company with more than 30 years of exerience in the relocation industry is here to help you. We offer a broad portfolio of services, extensivie global resources along with truly integrated technology. Simply put we provide world class service both here and abroad. Please contact me personally should you wish to find out more information about Weichert  Relocation Resources available for your particular needs.

The stock market, a great indicator of real estate success, gave great reason for optimism on Tuesday.

According to the Associated Press, stocks surged Tuesday on signs of resilience in the housing market and falling oil prices. Investors’ reassurance in the housing sector came after the National Association of Realtors announced that pending sales of existing homes rose in February at a seasonally adjusted annual rate of 0.7 percent, stronger than investors had been expecting.

Kim Caughey, equity research analyst at Fort Pitt Capital Group said it best, “Consumers are optimistic about the future, and as we all know, the consumer drives this economy.”

Spread the great news!

Jim Weichert