Park Ridge Housing Market Update

Graphic of Park Ridge real estate market update

Park Ridge is a great community with beautiful homes, parks and schools, and convenient to all areas of Chicago and O'Hare.  

Looking at the latest statistics available from MRED, our local multiple listing service, here is what happened in residential real estate in Park Ridge, comparing the first 11 months of 2017 with the same period in 2016.

Northwest Chicago Housing Market Update

Map of Northwest Chicago

Low inventories and higher sales prices had an effect on the Northwest Chicago residential real estate market last year.  Overall, the number of closed sales for 2017 was down, median sales prices were up, and the average market time decreased.  Homes sold faster and for more money.

Local market conditions were far from perfect. New listings struggled to keep up with what was sold very quickly, and buying became less affordable. These two factors ultimately muted what should have been a stronger sales pace.

Zillow Faces New Lawsuit Over ‘Zestimates’

Closeup of dog's nose with text The Trouble With Zestimates

The trouble with Zestimates is that some people believe them to be accurate. They may come pretty close in some neighborhoods where all the homes are similar in age, size, and amenities. But if your home is unique in any way, the valuation may be way off.  To get a much more accurate valuation of your home or property, you simply need to contact a competent real estate broker  

Marti Corcoran awarded Edgebrook-Sauganash Chamber of Commerce Member of the Year!

Marti Corcoran holding her award plaque

At its Installation Dinner on January 10, the Edgebrook~Sauganash Chamber of Commerce awarded its 2017 Member of the Year Award to Marti Corcoran, Real Estate Broker at our office.  Marti was recognized for her outstanding record of leadership on the board of directors and tireless contributions of time, energy and talent to the Edgebrook~Sauganash business community.

Congratulations Marti!  Well deserved!

Chuck Vanella Joins Coldwell Banker Residential Brokerage McMullen Office

Chuck Vanella head shot

We're proud to welcome Chuck Vanella to our team!

Chuck's primary goal is to provide his clients with the highest level of expertise when it comes to finding a new home or maximizing the sale of a current property.

His success has relied heavily on the art of negotiation and attention to detail, which he uses to provide every advantage to all his clients.

Give Chuck a call for all your real estate needs.

How To Make A Strong Offer That Gets Accepted

Happy buyers holding up sign that says 'we got the house'

Housing inventory in Chicago and the Chicagoland suburbs remains low, making our local residential real estate market a seller’s market. Well-priced homes in desirable locations are selling quickly, and in some instances, receiving multiple offers.

In this climate, making a stronger offer than other buyers will make all the difference. Your agent will guide you through the process and help you create the strongest possible offer within your comfort zone and affordability limits.