A year-over-year comparison of new contracts is an encouraging sign for the Chicagoland real estate market. After bottoming out in mid-April, contract activity in the entire Chicagoland region is on the upswing based on @properties data. In fact, by Memorial Day, sales activity was exceeding 2019 levels.
With a renewed focus on the value of home and a desire for more space, buyers are eyeing this summer’s real estate market with great interest. But, amid the changes brought on by COVID-19, many homebuyers also have questions about how to move forward – from getting a mortgage approval to safe showing procedures and from making an offer to navigating the attorney review and closing processes. So in this special edition of @ The Market, recorded in mid-May, @properties co-founders Mike Golden and Thad Wong are joined by a range of industry experts to shed light on the homebuying process today.
The last several weeks have been challenging on many levels. But if there’s one thing we’ve learned, it’s that there is a lot to be grateful for – especially all the people and businesses who have banded together to support our communities.
Thankfully, there are also plenty of positive and inspirational real estate stories to be told, so here are just a few from some @properties agents. If you have a great story to share, we’d love to hear in the comments below.
@properties has emerged as the Chicago area’s real estate market leader, according to a recent article in Crain’s Chicago Business. The article, which is based on data from Colorado-based Real Trends, notes that @properties was the only residential brokerage firm among the area’s top five to increase its sales volume in 2019.
Last year in the Chicago area, @properties had closed residential sales volume of $9.6 billion – $2.3 billion more than the #2 firm. Meanwhile, @properties moved into the top 10 of the nation’s largest brokerage firms by volume, according to the 2020 Real Trends 500 Report.
For Valentine’s Day we’re giving away The Perfect Date Package! Enter our Share the Love Sweepstakes for a chance to win a beautiful ‘Love’ necklace, a Flowers for Dreams bouquet and dinner at Sunda. The perfect package to gift that special person in your life. Read on to learn how to enter.
@properties recently formed two new partnerships to address one of the biggest challenges for home sellers in today’s real estate market: more and more buyers expect “Pinterest-perfect,” move-in ready homes, but a lot of properties – even those that are just 8 or 10 years old – need updating to bring them up to today’s standards.
The relaxing and restorative power of the north suburban lakeshore has a magnetic pull for residents and tourists alike. It’s no wonder why Ferris Bueller and friends stopped at Glencoe Beach to recharge after a “day off” in Chicago, in what would become a classic Windy City movie scene. It’s also why towns like Glencoe have long drawn affluent Chicago area residents. After all, lakefront land on the North Shore is in short supply, and they ain’t making any more of it.