Long Grove & Northern IL Real Estate

Pending Home Sales NAR

Tuesday, August 03, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here are the stats from the PHSI/Pending Home Sales Index, across the country. The Midwest market is down 27.8% [seasonally adjusted] over last year/2009.

Posted by: Carol Best - Coldwell Banker Residential Brokerage, Barrington, IL

For your private showing appointment on any property listed for sale, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Buy Owner files for Liquidation

Monday, August 02, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Buy Owner, a Florida-based company that helped for-sale-by-owners market their properties around the country has reportedly filed for liquidation. It has turned over its assets to Michael Moecker & Associates, an auction firm that liquidates insolvent companies.

The auction firm said it will continue operating the Buy Owner.com website and provide services to consumers for the time being, in order to continue generating revenue to pay off creditors.

Buy Owner reportedly settled a class-action lawsuit last year that required it to pay refunds to many clients from 2002-08. The lawsuit alleged that Buy Owner hadn't allowed clients to cancel contracts, the story said.

The Deerfield Beach, Florida-based company does business in 10 markets, including Miami, Chicago, Dallas and Atlanta.

Buy Owner reportedly owes more than $3.9 million to its only secured creditor, and $1.2 million in back wages to executives.

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Palatine, IL Luxury Home Sale Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here's the recap of luxury homes that are selling in the Palatine, IL zip code of 60067, along with the number of days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Feb 2009	9	$781,600	$785,000	0	-	-	-	-
Mar 2009	3	$804,633	$739,900	2	$614,000	$614,000	190	191
Apr 2009	6	$798,966	$787,500	3	$684,333	$690,000	643	782
May 2009	3	$685,633	$668,000	4	$672,500	$680,000	249	131
Jun 2009	7	$874,655	$749,000	3	$649,000	$650,000	237	308
Jul 2009	9	$892,144	$782,000	4	$799,519	$720,000	173	82
Aug 2009	6	$756,316	$732,450	2	$697,500	$697,500	73	73
Sep 2009	5	$719,000	$725,000	1	$634,500	$634,500	17	17
Oct 2009	6	$708,116	$687,000	3	$680,000	$620,000	156	188
Nov 2009	5	$739,760	$724,000	3	$739,333	$790,000	254	184
Dec 2009	2	$1,049,950	$1,049,950	1	$650,000	$650,000	207	207
Jan 2010	6	$769,949	$727,500	3	$741,666	$735,000	134	136
Feb 2010	5	$761,760	$750,000	1	$600,000	$600,000	49	49
Mar 2010	5	$791,400	$760,000	1	$665,000	$665,000	156	156
Apr 2010	10	$776,162	$724,913	1	$700,000	$700,000	36	36
May 2010	13	$758,384	$719,500	1	$798,000	$798,000	15	15
Jun 2010	16	$750,950	$682,450	4	$631,875	$630,000	140	89
Jul 2010	7	$712,114	$699,900	2	$715,000	$715,000	179	179

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Arlington Hts, Luxury Home & Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here's the recap of luxury homes that are selling in the Arlington Heights, IL zip code of 60004 & 60005, along with the number of days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Feb 2009	3	$919,000	$979,000	0	-	-	-	-
Mar 2009	3	$917,966	$899,900	1	$825,000	$825,000	200	200
Apr 2009	6	$1,043,620	$948,463	0	-	-	-	-
May 2009	8	$1,124,825	$1,125,000	2	$950,000	$950,000	429	430
Jun 2009	6	$1,062,433	$999,900	1	$750,000	$750,000	299	299
Jul 2009	4	$2,322,500	$1,157,500	5	$884,000	$800,000	252	319
Aug 2009	5	$808,560	$799,000	0	-	-	-	-
Sep 2009	2	$1,047,388	$1,047,389	1	$802,000	$802,000	579	579
Oct 2009	0	-	-	1	$1,050,000	$1,050,000	119	119
Nov 2009	1	$845,000	$845,000	0	-	-	-	-
Dec 2009	0	-	-	1	$760,000	$760,000	797	797
Jan 2010	3	$1,040,966	$924,900	0	-	-	-	-
Feb 2010	4	$957,106	$789,450	2	$750,870	$750,870	311	312
Mar 2010	5	$884,540	$890,000	1	$795,000	$795,000	78	78
Apr 2010	6	$870,466	$864,500	1	$775,000	$775,000	4	4
May 2010	2	$1,039,500	$1,039,500	1	$805,000	$805,000	41	41
Jun 2010	6	$943,466	$921,950	1	$775,000	$775,000	31	31
Jul 2010	7	$1,032,542	$849,000	3	$871,666	$855,000	527	692

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Lake Bluff, IL Luxury Home Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here is the latest real estate information in terms of what is selling in Lake Bluff, IL zip code of 60044, in the price range of $1,000,000+; please note days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Jan 2009	2	$1,327,000	$1,327,000	0	-	-	-	-
Feb 2009	11	$4,272,818	$1,895,000	0	-	-	-	-
Mar 2009	3	$1,381,333	$1,499,000	3	$1,375,000	$1,400,000	303	281
Apr 2009	5	$6,535,600	$4,574,000	2	$1,250,000	$1,250,000	432	432
May 2009	3	$1,380,500	$1,197,500	0	-	-	-	-
Jun 2009	4	$1,949,250	$1,749,000	1	$1,200,000	$1,200,000	38	38
Jul 2009	3	$2,014,666	$1,799,000	1	$1,325,000	$1,325,000	117	117
Aug 2009	2	$1,537,000	$1,537,000	0	-	-	-	-
Sep 2009	3	$2,114,666	$1,799,000	2	$1,400,000	$1,400,000	215	215
Oct 2009	4	$2,240,000	$2,297,500	0	-	-	-	-
Nov 2009	0	-	-	1	$1,140,000	$1,140,000	221	221
Dec 2009	1	$1,199,900	$1,199,900	2	$1,325,000	$1,325,000	431	432
Jan 2010	3	$8,101,666	$1,990,000	1	$1,150,000	$1,150,000	478	478
Feb 2010	3	$1,956,333	$1,495,000	3	$1,215,833	$1,260,000	305	332
Mar 2010	2	$2,147,000	$2,147,000	1	$1,325,000	$1,325,000	23	23
Apr 2010	7	$2,154,111	$1,259,000	0	-	-	-	-
May 2010	8	$1,682,000	$1,697,000	1	$1,455,000	$1,455,000	243	243
Jun 2010	4	$8,006,000	$5,599,500	2	$1,417,500	$1,417,500	326	326
Jul 2010	2	$1,837,500	$1,837,500	1	$1,050,000	$1,050,000	102	102

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Lake Forest, IL Luxury Home Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here's the recap of luxury homes that are selling in the Lake Forest, IL zip code of 60045, along with the number of days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Feb 2009	14	$2,459,357	$2,222,500	4	$1,968,750	$1,587,500	269	209
Mar 2009	17	$3,050,576	$1,999,900	3	$3,347,500	$3,460,500	1030	1192
Apr 2009	13	$2,354,076	$2,400,000	4	$2,656,250	$2,600,000	416	337
May 2009	17	$2,691,235	$1,895,000	4	$1,615,000	$1,705,000	342	285
Jun 2009	17	$2,502,352	$1,950,000	9	$1,583,055	$1,400,000	282	245
Jul 2009	13	$2,770,538	$1,995,000	2	$1,243,750	$1,243,750	242	243
Aug 2009	7	$3,242,714	$2,300,000	8	$1,683,562	$1,525,000	264	62
Sep 2009	13	$2,016,461	$1,999,000	8	$2,035,000	$1,750,000	141	160
Oct 2009	10	$3,206,000	$1,693,500	3	$2,555,000	$1,275,000	116	87
Nov 2009	7	$1,804,700	$1,749,000	4	$2,012,375	$2,101,000	192	178
Dec 2009	1	$1,500,000	$1,500,000	7	$1,549,678	$1,385,000	207	251
Jan 2010	21	$2,255,761	$1,799,000	1	$1,100,000	$1,100,000	158	158
Feb 2010	29	$2,626,379	$2,150,000	7	$1,843,857	$1,800,000	288	211
Mar 2010	29	$2,520,448	$2,000,000	4	$1,241,031	$1,284,563	283	272
Apr 2010	27	$2,510,000	$1,980,000	5	$2,866,500	$2,057,500	643	595
May 2010	34	$2,470,555	$2,192,500	4	$1,186,250	$1,197,500	125	88
Jun 2010	34	$2,155,644	$1,685,000	18	$1,490,569	$1,169,625	352	108
Jul 2010	17	$3,057,176	$1,800,000	5	$1,677,000	$1,610,000	133	70

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Inverness, IL Luxury Home Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here's a recap of what is closing in the Inverness, IL real estate market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Jan 2009	0	-	-	1	$1,650,000	$1,650,000	190	190
Mar 2009	1	$1,999,000	$1,999,000	0	-	-	-	-
May 2009	3	$1,799,333	$1,750,000	0	-	-	-	-
Jun 2009	4	$2,199,000	$2,229,500	0	-	-	-	-
Jul 2009	6	$2,089,166	$1,845,000	0	-	-	-	-
Aug 2009	1	$1,900,000	$1,900,000	1	$1,175,000	$1,175,000	25	25
Sep 2009	1	$1,149,000	$1,149,000	1	$1,600,000	$1,600,000	455	455
Oct 2009	1	$2,500,000	$2,500,000	1	$1,260,000	$1,260,000	433	433
Nov 2009	2	$1,169,995	$1,169,995	0	-	-	-	-
Dec 2009	1	$1,399,000	$1,399,000	0	-	-	-	-
Jan 2010	3	$1,244,633	$1,239,000	0	-	-	-	-
Feb 2010	5	$1,584,780	$1,500,000	0	-	-	-	-
Mar 2010	3	$2,270,000	$2,495,000	0	-	-	-	-
Apr 2010	3	$1,649,300	$1,498,000	0	-	-	-	-
May 2010	2	$1,424,000	$1,424,000	0	-	-	-	-
Jun 2010	9	$1,581,000	$1,450,000	2	$1,313,500	$1,313,500	61	61
Jul 2010	5	$2,433,385	$1,999,927	1	$2,000,000	$2,000,000	325	325

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Long Grove, Kildeer, Hawthorn Woods, IL Luxury Home Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here is the latest real estate information in terms of what is selling in 60047 in the price range of $1,000,000+; please note days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Jan 2009	1	$1,200,000	$1,200,000	1	$1,200,000	$1,200,000	726	726
Feb 2009	4	$1,284,225	$1,249,450	0	-	-	-	-
Mar 2009	7	$1,650,714	$1,698,000	0	-	-	-	-
Apr 2009	5	$1,592,394	$1,429,750	0	-	-	-	-
May 2009	6	$1,725,679	$1,664,500	1	$1,850,000	$1,850,000	79	79
Jun 2009	2	$1,990,000	$1,990,000	0	-	-	-	-
Jul 2009	4	$1,457,250	$1,370,000	5	$1,113,000	$1,100,000	831	1017
Aug 2009	1	$1,749,000	$1,749,000	2	$1,215,000	$1,215,000	97	97
Sep 2009	6	$1,791,000	$1,687,000	2	$1,130,000	$1,130,000	330	331
Oct 2009	0	-	-	1	$1,350,000	$1,350,000	197	197
Nov 2009	2	$1,472,500	$1,472,500	0	-	-	-	-
Dec 2009	1	$1,550,000	$1,550,000	1	$1,094,120	$1,094,120	217	217
Jan 2010	14	$1,412,485	$1,349,000	0	-	-	-	-
Feb 2010	10	$1,509,790	$1,399,000	0	-	-	-	-
Mar 2010	2	$1,889,000	$1,889,000	1	$1,100,000	$1,100,000	159	159
Apr 2010	2	$1,144,500	$1,144,500	2	$1,075,000	$1,075,000	16	16
May 2010	12	$1,228,188	$1,299,889	0	-	-	-	-
Jun 2010	10	$1,382,470	$1,299,450	0	-	-	-	-
Jul 2010	8	$1,982,750	$1,572,500	0	-	-	-	-

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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Barrington, IL Luxury Home Sales Trends

Monday, July 26, 2010

by Carol Best | Luxury Real Estate and Homes in IL

Here's the real estate recap of luxury homes that are selling in the Barrington, IL zip code of 60010, along with the number of days on the market. How is your home being marketed and is it priced correctly?

Detached Single
	No. New	Avg. New OLP	Med. New OLP	No. Sold	Avg. Sale Price	Med. Sale Price	Avg. Days	Med. Days
Feb 2009	13	$1,649,223	$1,495,000	2	$1,527,500	$1,527,500	155	155
Mar 2009	11	$1,744,254	$1,550,000	3	$1,343,333	$1,245,000	389	271
Apr 2009	12	$2,207,833	$2,100,000	5	$1,728,074	$1,300,000	340	416
May 2009	14	$2,042,357	$1,740,000	3	$1,229,333	$1,083,000	137	130
Jun 2009	15	$2,514,733	$1,450,000	5	$1,364,000	$1,390,000	296	176
Jul 2009	8	$3,572,875	$1,917,000	5	$1,080,500	$1,037,500	210	121
Aug 2009	11	$1,828,880	$1,450,000	3	$1,813,333	$1,400,000	534	455
Sep 2009	11	$2,147,999	$1,725,000	2	$2,413,500	$2,413,500	45	46
Oct 2009	15	$3,034,053	$1,750,000	1	$1,275,000	$1,275,000	214	214
Nov 2009	15	$1,648,532	$1,375,000	0	-	-	-	-
Dec 2009	6	$2,805,500	$2,144,500	3	$1,232,666	$1,270,000	342	266
Jan 2010	8	$2,118,875	$1,742,500	4	$2,818,750	$1,837,500	391	256
Feb 2010	13	$2,602,461	$1,525,000	0	-	-	-	-
Mar 2010	26	$2,221,569	$1,512,450	0	-	-	-	-
Apr 2010	22	$2,006,613	$1,500,000	4	$2,031,500	$2,143,000	361	319
May 2010	26	$2,102,919	$1,610,000	0	-	-	-	-
Jun 2010	20	$2,489,800	$2,220,000	4	$1,988,500	$1,914,500	186	206
Jul 2010	18	$2,343,222	$1,999,500	3	$1,466,666	$1,275,000	210	225

For your private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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FICO Scores

Sunday, July 25, 2010

by Carol Best | Luxury Real Estate and Homes in IL

More Americans' credit scores sink to new lows - reported July 12, 2010: By EILEEN AJ CONNELLY (AP)

NEW YORK — The credit scores of millions more Americans are sinking to new lows.

Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.

Because consumers relied so heavily on debt to fuel their spending in recent years, their restricted access to credit is one reason for the slow economic recovery.

FICO's latest analysis is based on consumer credit reports as of April. Its findings represent an increase of about 2.4 million people in the lowest credit score categories in the past two years. Before the Great Recession, scores on FICO's 300-to-850 scale weren't as volatile, said Andrew Jennings, chief research officer for FICO in Minneapolis.

Historically, just 15 percent of the 170 million consumers with active credit accounts, or 25.5 million people, fell below 599, according to data posted on Myfico.com.

<end> Thank you Eileen for trying to help keep the consumer informed as much as possible.

To BUY or SELL, or for a private showing appointment, call or text Carol Best @ 773-799-5939 or e-mail to: Carol@CarolBest.net

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