Wednesday, July 13, 2011

Don't be scared of the data mistakes

I was disappointed to hear in the news that the Illinois Association of Realtors had over estimated the median home prices in Chicago for condos. The end of the Trib article said that the National Association of Realtors may also be revising their data later this summer. On one hand, I don't like the idea that the organization has made mistakes. But I also feel like I'm not crazy, because I read these reports and the news doesn't jive with what I see in the market place on a daily basis. The prices are down in most areas. This week, however, I had 3 listing appointments. Buyers and sellers are thinking, "I better take advantage of the buying opportunity now, before I miss out. I will take the lumps on the sell and get it over with."  Real estate is local right down to specific neighborhoods. Don't base your life decisions on the news.

Monday, July 11, 2011

Sold! 1209 Woodview Drive, Prospect Heights

$551,500.  Congratulations to Natalya, Gennadiy, Ken and Andre. Best of luck in your new home!