@properties Market Report

@properties Market Report

http://www.atproperties.com/marketReport/


The @properties Market Report is the only real estate report that takes Chicago homebuyers and sellers inside the numbers, to offer real insights into local market activity.

For attached housing (condos and townhomes), data is now divided by neighborhood, and also by number of bedrooms and number of baths. This gives consumers a true “apples-to-apples” comparison of sales in their neighborhood. Similarly, for detached or single-family homes, the report is divided into four price points, also allowing home owners to compare and contrast more similar homes.

The data itself, which includes average market time, average price and number of units sold, can now be viewed in several different ways by the user. Consumers interested in buying or selling a home right now can sort the data by consecutive seasons. This shows the latest fluctuations and market trends and is similar to the data your agent uses when helping you determine a bid or asking price. For consumers interested in more long-term pricing trends, it can be helpful to view the annual comparisons, which remove seasonal influences and fluctuations.

One of the most important concepts this report confirms is the local nature of real estate, which goes far beyond what's happening region by region or city by city. In Chicago, local means neighborhood by neighborhood, block by block.

The @properties Market Report is a great top-line resource for understanding the trends that affect your local real estate market. For a more in-depth analysis and thorough property evaluation, turn to your local @properties sales agent. No one knows the market better.

Click on a neighborhood below to view our current Market Report.

http://www.atproperties.com/marketReport/

SIGNS OF LIFE EMERGE IN SALES OF RESIDENTIAL REAL ESTATE

SIGNS OF LIFE EMERGE IN SALES OF RESIDENTIAL REAL ESTATE
But it isn't a good time to speculate, advisers tell clients eager to enter market
By Jeff Benjamin
August 9, 2009, 6:01 AM EST
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090809/REG/308099988&ht=chicago housing market

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Rental market afloat amid turmoil

Rental market stays afloat amid housing turmoil
Those who can't buy, rent — and investors are taking notice
By Janet Morrissey
May 5, 2008, 6:01 AM EST
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080505/REG/609385045

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Home Sales Are Gaining Ground!

Chicago's real estate market has provided homebuyers and sellers with a plethora of unique opportunities in recent months. Thanks to incentives like the first time home buyer tax credit, and record low mortgage rates, buyers and sellers alike have good reasons to celebrate. With motivations like these, it should come as no surprise that our own city's home sales have increased 1.1% over the last month, one of the best in the nation.

Utilizing Standard & Poor's Case-Shiller Index, a tool that is used to analyze sales activity, economists can report a .5% increase in home sales across the U.S. Experts alike agree that the change in momentum is rather significant, providing additional data which illustrates new home sales up an additional 11% in June. While distressed homes recently accounted for over 50% of the home sales, they have now decreased to a more satisfying 33%*. With improved builder sentiment, and an increase in investor energy, buyers and sellers alike are on the lookout for these incredible opportunities.

Thanks to these extraordinary incentives, homebuyers are materializing all over Chicago's marketplace. The first time homebuyer tax credit — which is available until November 30, 2009 — provides qualified first time buyers with an incredible $8000 tax refund. With record low mortgage rates from the Federal Housing Administration, homebuyers are provided better opportunities to qualify for home loans, and create personalized payment options. As homebuyers gain access to our diverse marketplace, sellers are better able to market and sell their home for a more attractive price.

As opportunities increase for homebuyers and sellers, it is imperative that you have a professional REALTOR® who can be an advocate on your behalf. Thanks to my knowledge, and expertise in the Chicago marketplace I am confident that we can reach your goals together. Please, don't hesitate to call me at any time for questions on market conditions, or to schedule a consultation.


*Source: Wall Street Journal, 7/29/2009


Dave Straub, @properties 773.255.3180