Spring 2012 Market Update
Being on top of the search engines gives me more experience and knowlege then other Brokers.

Average Home Price $450,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$550,000 - $599,000
Worst Selling Price Range$100,000 - $149,000
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Northbrook isIncreasing
Seller Activity for the past 90 days in Northbrook is?Increasing
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Northbrook!
Nearest Metro AreaChicago
Housing Hot SpotsNorthbrook is pretty solid and most buyers would like to live in this great North Shore community
Average Sold Price $450,000 - View Graph Trend

Northbrook Local News


News for Northbrook, IL - June 22nd, 2011 3:46pm
Located some 25 miles north of Chicago's Loop and four miles west of Lake Michigan, the village of Northbrook is bordered by acres of forest preserve and lagoons. Northbrook boasts an excellent network of air, rail and highway facilities providing commuters tremendous convenience while enhancing strategic connections amongst local businesses and industries. The balance between business and residential districts in this part of the state is unparalleled with each existing to complement the other. Employment opportunities are abundant, educational facilities are exceptional and recreational activities are endless. Northbrook residents constantly benefit from the countless years of diligent planning and untiring efforts of their elected community officials and outstanding volunteers. The network of leadership and camaraderie continues to make a difference in the lives of the people who inhabit this suburban village. The Northbrook, Illinois real estate market is primarily communities of single-family homes for sale and estate properties with more than 90% of them being owner occupied.

News for Northbrook, IL - May 4th, 2011 10:05am
Located some 25 miles north of Chicago's Loop and four miles west of Lake Michigan, the village of Northbrook is bordered by acres of forest preserve and lagoons. Northbrook boasts an excellent network of air, rail and highway facilities providing commuters tremendous convenience while enhancing strategic connections amongst local businesses and industries. The balance between business and residential districts in this part of the state is unparalleled with each existing to complement the other. Employment opportunities are abundant, educational facilities are exceptional and recreational activities are endless. Northbrook residents constantly benefit from the countless years of diligent planning and untiring efforts of their elected community officials and outstanding volunteers. The network of leadership and camaraderie continues to make a difference in the lives of the people who inhabit this suburban village. The Northbrook, Illinois real estate market is primarily communities of single-family homes for sale and estate properties with more than 90% of them being owner occupied.

News for Northbrook, IL - February 8th, 2011 10:54am
Located some 25 miles north of Chicago's Loop and four miles west of Lake Michigan, the village of Northbrook is bordered by acres of forest preserve and lagoons. Northbrook boasts an excellent network of air, rail and highway facilities providing commuters tremendous convenience while enhancing strategic connections amongst local businesses and industries. The balance between business and residential districts in this part of the state is unparalleled with each existing to complement the other.

Employment opportunities are abundant, educational facilities are exceptional and recreational activities are endless. Northbrook residents constantly benefit from the countless years of diligent planning and untiring efforts of their elected community officials and outstanding volunteers. The network of leadership and camaraderie continues to make a difference in the lives of the people who inhabit this suburban village. The Northbrook, Illinois real estate market is primarily communities of single-family homes for sale and estate properties with more than 90% of them being owner occupied.

News for Northbrook, IL - July 5th, 2010 8:44pm
Located some 25 miles north of Chicago's Loop and four miles west of Lake Michigan, the village of Northbrook is bordered by acres of forest preserve and lagoons. Northbrook boasts an excellent network of air, rail and highway facilities providing commuters tremendous convenience while enhancing strategic connections amongst local businesses and industries. The balance between business and residential districts in this part of the state is unparalleled with each existing to complement the other.

Employment opportunities are abundant, educational facilities are exceptional and recreational activities are endless. Northbrook residents constantly benefit from the countless years of diligent planning and untiring efforts of their elected community officials and outstanding volunteers. The network of leadership and camaraderie continues to make a difference in the lives of the people who inhabit this suburban village. The Northbrook, Illinois real estate market is primarily communities of single-family homes for sale and estate properties with more than 90% of them being owner occupied.
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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Barry Newman
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