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Chicago Real Estate Update – North Side

This is a bit of a macro view of the Chicago Real Estate Market, but I think it’s an interesting comparison to the chicago real estate, Illinois, and the nation.

What’s My

Chicago Real Estate Market?

anne rossley real estate market

Basically, from the South Loop/Near South Side to Devon, including areas just west of the Kennedy Expy, Forest Glen, and Irving Park.

Chicago Real Estate Market Trends

2008 to Today

The following market trend charts are for both single family and “attached” properties (condos, townhomes, co-ops).

Median Sales Price

Here is an interactive chart of what Chicago Real Estate median sales prices have done since 2008…

 

Market Times

Number of days on the market, from listing to contract…

 

Inventory Levels

How many months worth of housing stock is available at any point in time? Lenders use 6 months as the benchmark for a “stable market”. Under 6 months of inventory is considered a “sellers” market.

 

% Sales Price to LAST List Price

This may or may not be the ORIGINAL list price. Once the property reaches the RIGHT list price, it’s currently selling for 97.8% of that last price.

 

Units Closed

Since April, 2013, over 10,000 homes have been sold in the marketplace. This is a very strong number!

For information on your neighborhood, or to get a quick pinpoint market analysis,
contact Anne today!

Anne Rossley

Email Anne Rossley

Baird & Warner

773-620-5333

 

Chicago Parent “Shorts”

 

I came across this great article on helicopter parenting around the world - “A Cure for Hyper-Parenting”

Apparently, it’s not just Americans who are hyper parents!

helicopter parenting

In short, here’s what the NY Times article by Pamela Druckerman instructs us about good parenting:

1. Matthias Doepke and Fabrizio Zilibotti say intensive parenting springs from “rising inequality, because parents know there’s a bigger payoff for people with lots of education and skills.” Maybe – I haven’t done a lot of thinking on this. I read that this phenomenon is creating an even greater gap between the “haves” and “have nots” who can’t afford tutors, test prep, private sports coaches….

2.  People around the world are breeding later in life, when they’re richer and more grateful, so the whole parenting experience becomes “hallowed”. Makes sense – it also stands to reason that having kids after “achieving” in the workplace means there’s one more place to show off our “achievement-driven” sensibilities…

Advice

Here’s the advice Ms. Druckerman gives in the article- many of which are cited from other sources. She did a great job of putting gathering some useful nuggets:

  • Keep Calm and Parent On — expect more from your kids – even though it can be messy
  • Kid parties should be DROP-OFFS – use the time for yourself! Between the mid-1990s and 2008, college-educated American moms began spending more than nine additional hours per week on child care; this came directly out of their leisure time.
  • Enjoy the MOMENT- don’t always push for a Harvard degree. Said a better way: “total commitment to the process, total equanimity about the outcome.”
  • Most parenting crises are caused by exhaustion – try sleeping more and attacking issues when calm and rested.
  • Have less stuff-  the more you have, the more you have to organize, take care of, repair, and think about.
  • Work-life balance is nearly impossible to achieve- FORGIVE YOURSELF!
  • Teach emotional intelligence to your kids- and live it yourself- size up the other individual before you care what they think of you!
  • Enact the Mandela rule – “You can get what you want by showing people ordinary respect.”

Curling Parents

I love this:

Scandinavians complain of “curling parents,” a reference to the sport in which you frantically scrub the ice to let a stone glide across it.

curling parent

Maybe even a better analogy than a helicopter?!?!

 

 

Senior Move Managers – Professional Chicago real estate services

 

senior real estate specialistPerhaps the greatest obstacle in seniors taking the step to downsize, or “right-size” is being overwhelmed with the vision of organizing/moving their lifetime of treasures.

This week, the New York Times wrote an article about this problem, and the use of organizers and senior move managers was discussed.  (read entire article here).

Professional Organizers

There have been professional organizers around for a while. Using one can be a lifesaver! We hired one when we moved from the Gold Coast to Ravenswood (I was in Paraguay at the time- Tom was working his full time job AND managing the move AND our 1 year old Thomas!). She was terrific – we were very grateful for her help.

If you’re interested in finding a great home organizer, I can refer you to one, or you can look at the website for the National Association of Professional Organizers – NAPO (see website here).

 

Association of Senior Move Managers

use a senior move manager

The article also talked about the Association of Senior Move Managers. I knew very little about this group, but was immediately intrigued.

I read a terrific article (read it here) which described what they do and why you should hire one:

1. Eliminate the potential for exploitation of seniors.

2. Downsize your aging parent’s home in an organized and dignified manner.

3. The aging parent feels in control of the moving process.

4.  Move managers are often like a general contractor.

5. Eliminate stress on the family.

6. Move managers have useful tricks-of-the-trade up their sleeves.

Chicago Senior Move Managers

I immediately searched for a local Senior Move Manager, and behold! One lives just around the corner!

I met Marnie Dawson for coffee, and we had a great chat. I learned that she’s been in the business since 2006, and has helped many people with their moves.

Marnie’s business, Dawson Relocation, incorporates the best of home organization with tips and tricks for an efficient, well-priced move. Marnie helps with estate moves, as well as seniors who are “right-sizing”. She works with both the seniors AND their adult children, helping everyone make the move as stress-free as possible.

Marnie is delightful to be around, and she has a great command of this real estate niche. After spending an hour with Marnie, learning about her business, her mission, and her past experiences, I am going to recommend her to families looking for help with moving. She is a great asset to your Senior Moving Team!

First Steps in Moving

If you (or your parents) are considering downsizing, or “right-sizing”, the first step should be to call your Senior Real Estate Specialist, Anne Rossley. We’ll develop a plan for making the next step a stress-free and enjoyable transition!

Email Anne Rossley

Anne Rossley

773-620-5333

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