Archive for the ‘Real Estate Activity’ Category
January 12th, 2011 | 
Author: Ending 2010 and moving on to 2011 here is a report on the past 6 months activity and current listings in Hinsdale. Nothing farther is even relevant today.
As you will note the “sold” properties had shorter market times and sold for above 90% of list price. This is not a coincidence. These properties were priced “to sell”.
Moving into the new year, predictions are that interest rates will continue to rise to the 6% level. This automatically reduces the buying pool making it even more important to price your home realistically.
Hinsdale Real Estate Sales and Listings Recap
Download the full report- Hinsdale Real Estate Activity 2nd Half 2010
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Hinsdale Real Estate Offers New Opportunities
Two years ago buying a home in Hinsdale seemed like it was out of reach. You could not even enter the Hinsdale market under $700,000 or $800,000. If you could find a home in that price it probably needed some work.
Things have changed.
Today you can find a nice “starter” home in a great neighborhood in the $500,000′s and $600,000′s.
My research shows that in the last 12 months 54 homes were sold in Hinsdale between $500,000 and $800,000 with an average price of $654,628.
Luxury homes have continued to sell and in fact 70 homes were reported sold in the last 12 months between $1,000,000 and $2,000,000 with an average price of $1,309,075.
This might be a great time to consider buying in Hinsdale. If you would like to search for homes for sale in Hinsdale right now you can search right from my site with no registration requires. Search Homes for Sale in Hinsdale and Surrounding Areas. Or you can call or email me and I will get right back to you.
Chicago Western Suburbs Real Estate Activity
In the past month, I have listed two properties in two very different communities. In the 1st week I received three offers on one and one on the other. The second one has had 35 showings in 2 weeks. Neither property is in financial hardship. Why so much activity?
I believe there are several factors that influence this type of activity in such a short period of time.
1. A well-priced home will SELL. People will come when they see value. Contrary to popular news media, there are ready, willing and able BUYERS looking for homes.
2. Staging and presentation are critical in preparing you home for sale. One of these homes is newly constructed and the other built in the 1920’s. Both have curb appeal to draw buyers in and the sellers have optimized the living space and special features by staging and de-cluttering. This allows the buyers to visualize themselves living in the home.
3. Spring is here and the market is picking up. Phones are ringing, open houses are busy and interest rates are historically low.
I’ll keep you posted as we get closer to closing on these properties.
If you would like an evaluation of your property or staging suggestions, please don’t hesitate to call or email me
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