Downers Grove / Darien Home Sales Jan-Oct 2011 vs. 2010

There are Lots of Headlines out there about home sales and prices. In fact some of the headlines seem to come up with conflicting information using the same source!  You’ve got to get to the core of the story!

The reason there is confusion created by the media reports is actually simple to explain. There may be at least two different numbers reported:

• The month-over-month (M-O-M) comparison
• The year-over-year (Y-O-Y) comparison

Some other reports may reflect a National Trend vs. Local Trends

When reading a headline ask yourself the following questions prior to arriving at any conclusions:

• What market is being discussed? Remember different markets often go in opposing directions.
• What time periods are being compared? Are seasonal fluctuations being discussed or true prior year comparisons?
• How are Sales being defined? Are unit sales or sale prices being discussed? Unit sales may be plummeting but prices may be skyrocketing at the same time.

In an effort to keep you informed about what is up locally, and all Real Estate is indeed local, I’m posting the most up to date Closed Sales for you. You need know what is indeed going on with the Equity in your biggest investment.

As always, contact me with any questions!  neal.paskvan@bairdwarner.com
Cell: 1-630-724-4729

The following stats are provided by the Main Street Organization of Realtors Courtesy of  Midwest Real Estate Data LLC
(Click to Zoom in)

Real Estate 2011: House Prices in Chicago and the Suburbs - Chicago magazine - October 2011

 

THE NEW NEW RULES OF REAL ESTATE: Eleven years ago, Chicago offered a guide to making the most of the sizzling-hot housing market. What a difference a decade makes. Now, confronting the realities of today’s pinched economy, local real-estate pros weigh in with the best strategies for buying or selling a home. PLUS: Our annual survey of housing prices in nearly 300 neighborhoods and towns

By Dennis Rodkin

RULE NO. 1   Yesterday is gone

RULE NO. 2 Don’t play the “let’s just see what happens” game.

 

Get the rest of the story from Chicago Magazine by Dennis Rodkin here

First-Time Home Buyer Expense Checklist

Buying your first home is one of life's major events. It's easy to get caught up in the euphoria of the decision and overlook the reality that it costs a significant amount of money not only to buy a home, but to keep it and maintain it.  Think about

Maintenance- Insurance- Property Tax- Earnest Money- Down Payment- Closing Cost.  Contact me and I’ll sent you a worksheet to help you figure it all out.!   neal.paskvan@bairdwarner.com 

Click here for the rest of the story

Home Values...Distressed Property's..... and You

Great article from a home appraiser and about what this all may mean to you.
I'm here to help you protect your Equity
Contact me any time

Home Values and Distressed Property's and You

Simple Way to Clean Your Gutters Video

Check out a Solution to your Gutter Problems
Click the Link for more info

http://link.brightcove.com/services/player/bcpid1465406675?bctid=64390839001

Insuring Against Natural Disasters

With all the Crazy Weather we have had Creating Power Outages, Damage to Homes so much here's Some stuff you should know and thingk about!

Info Provided By House Logic


Insurring Against Natural Disasters

Robbers Use Facebook to Rob Home

Hey Everyone... Just a reminder

Feel Free To Comment or Follow

We Welcome your Ideas, Comments and Input !   To Assure we ALL Stay SPAM FREE... You will need to read and duplicate one of those "squiggly words in a box" to do so.  Better to be Safe than Sorry as Mom used to say.

Any Tips for articles is appreciated!