DECEMBER 1 – DECEMBER 31, 2014: SOLD & RENTAL DATA FOR NORTH SHORE OF ILLINOIS.*

THE NORTH SHORE OF ILLINOIS
........................................Units...DAYS on MARKET...Median Sold $.........TOTAL SOLD
Condo’s/Town Homes.....133.…............75.....…...............$185,000.................$29,454,567
Single Family……….......199….............94........................$420,000….............$104,272,720
TOTAL…………………332….…........86…………........$310,500……..…...$133,727,287

RENTALS
…………....................Units..... DAYS on MARKET…….Median Rental $....TOTAL VOLUME
..........................................77..................50..……….…… $1,800…………….$164,554

DECEMBER 1 – DECEMBER 31, 2013
TOTALS………….……403………......86………..……..$360,000………….$176,564,330
Data provided by 2014 MRED, LLC, not Guaranteed. Fair Housing Compliant.


This Data Includes the Following Areas: Deerfield, Bannockburn, Riverwoods, Highland Park, Lake Forest, Lake Bluff, Lincolnshire, Northbrook, Glenview/Golf, Mundelein/Ivanhoe, Vernon Hills/Indian Creek and Buffalo Grove.
I hope everyone had an enjoyable Holiday Season! The December Real Estate market had a slow down due to the Holidays. The good news, interest rates for conforming Mortgages ($417,000 and under), hover around 3.75%. When purchasing a home, there are 2 important requirements a Buyer should complete; #1: A spread sheet of income and versus debt. This includes daily transportation, phone, gas, electric, groceries, entertainment, insurance costs, etc. It will give a Buyer a good estimate of how much one can afford for a monthly mortgage payment. The 2nd most important item is obtain a Pre-approval from your Lender.

If you are thinking about selling or buying a home in the North Suburbs of Chicago, please contact me:
PAM DEVENDORF, REALTOR at Coldwell Banker. Direct: (847) 681-4143, pam.devendorf@cbexchange.com