Evanston IL Real Estate

Honesty- ” Honesty is he best policy“. If you honestly do not know how you got in your current situation or how to get out thats ok because that is why I started the Help Program because many of us are in the same situation and it sometimes takes a person from” the outside looking in rather than a person from the inside looking out” to help  guide you through a difficult time. If you find your self needing Help then together we can look at your current situation and begin to map out all the options for your particular situation.

Energy- ” It is better to put energy toward something that you can control” and that is exactly what I intend to do with you. Let’s focus together on options that are right for you.

Lift- By focusing on those things that you have control it will surely “lift your spirts“.

Peace- “ Peace of Mind” is my goal for you.

Are You Ready for some HELP?

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As a follow up to the Chicago Crains Report ranking Illinois as the 9th Highest in terms of foreclosures I decided to see how my primary market in Evanston is doing in relation to the State. I decided to see how many Single Family Homes and Attached Family homes are currently being marketed as either Short Sales or Bank owned properties.

In Evanston there are 26 Single Family Homes listed as Short Sales and another 14 listed as Bank Owned.  This  number of both Short Sales and Bank Owned Real Estate represents  14%  (40 out of 289) of all Active Single Family Listings in Evanston. The Average Number of days a Short Sale is on the market is 147 days and 167 days for Bank Owned property.

In Evanston there are 26 Attached Family Homes listed as Short Sales and another 4 listed as Bank Owned. This number of both Short Sales and Bank Owned Real Estate represent 5% (30 out of 548) of all Active Attached Family Listings in Evanston. The Average number of days a Short Sale is on the market is 105 days and 48 days for Bank Owned property.

I decided to put the Average number of days on the market because many people are discouraged to writing offers on these properties because of the length of time it takes to close. As one can see from the numbers it does take on average 4 to 5 months to close these transactions.

According to a new report from Chicago Crain 12,681 homeowners in Illinois have received a foreclosure-notice last month. This represents one (1) foreclosure notice for every 410 homeowner. According to Realty Track figures, Illinois is ranked as the ninth (9) highest among other states. Other states in the top 10 were California, Colorado, Georgia, Michigan, New Jersey, and Ohio. The Top three states are -Nevada, Arizona, and Florida.

With Wednesdays news by Treasury Secretary Paulson  stating that the Fed does not intend to use the TARP money to buy risky  mortgage assets it is the opinion of this writer that the housing market will continue to suffer until a new administration can come in with a new plan.

 Some things don’t mind being upside down like

Bats

Monkeys

and Sloths

While other things don’t like it

like Homes

and People

Are you Upside Down with Your Mortgage? Do You Owe More than what Your Home is Worth?

Why Be Upside Down when You Can Be Back On Your Feet?

A “Short Sale” is Better than a ” Foreclosure”

Why Ride the Roller Coaster when you Don’t Have To.

Find out if a “Short Sale”is Right For You

1-888=307-7311

Best Kept “Secret” About Foreclosures       …………………….. Extension 1

All About “Short Sales” ………………………………………………….. Extension 8

 Because they hate looking like Martians…

Because they Hate to wear silly tights and capes…

Because they hate being in a position of authority…

Because they hate magic…

Because they hate vampires…

Because all they want is to be loved. This last picture is my dog Bailey…

It was the perfect day to drive around town and look at Halloween Decorations in Evanston!!

Halloween is just Around the Corner (edit/delete)

Evanston Halloween Events:

• Trick or Treat Hours on October 31, 2008 is 4 to 7 p.m

• Spooky Daze at Fleetwood-Jourdaine Center 1655 Foster Street  Friday October 27 from 6-8:30 pm for children 4-12 includes costume parade games, clowns, magic show, refreshments. Everything Free.

• Bug-a-Boo Walk at Ladd Arboretum Oct. 27 at the Ecology Center from 4- 6:40 pm

• Robert Crown Center Halloween Skate Party Tuesday October 30 from 6-7:15 pm

• Project Pumpkin at Northwestern’s Norris University Center for children ages 4 to 12. Contact Alondra Canizal @ a-canizal@northwestern.edu for dates.

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%.