News on The Chicago Real Estate Scene

Dec. 21, 2011

Houston Flat Fee Special

List your Houston area home on the MLS for a flat fee of $274 for the next 30 days.   This special ends on January 31st 2012.  Use coupon code hst274 in our shopping cart to get the special deal.

Your home will also get listed on major websites like Realtor.com, Yahoo, MSN, AOL, Zillow, Trulia and many others. You can post open houses for the duration of your listing.  The length of the listing is 1 year and all changes are free during that time.

Dec. 15, 2011

Flat Fee MLS Chicago Year in Review

2011 was a difficult year for flat fee mls listing companies as sales volumes were down again.  I primarily attribute this to two different market forces.

One is the fact that when distressed properties take up 30-40% of listing market volume that is just fewer potential sellers that will go with our type of for sale by owner assistance program.

The second is the fact that when the market is up for sale by owners and flat fee listings do well but when the market is down sellers get scared and many choose to hire more traditional brokers.

That being said we still sold a lot of homes with our mls listing services this year.  Enough so that we should again  rank as in the top 1% of agents overall in Chicago.

Dec. 14, 2011

Oak Park Real Estate

I just posted a Oak Park Real Estate Trends report to our Chicago Real Estate Scene blog.  It has cool graphs of median sales prices, average price per square foot, inventory and sales absorption.

It is for single family homes only but I am sure I will get to condos later in the month.

Dec. 9, 2011

List on MLS for Flat Fee in St. Louis, Missouri

You can sell  your home without paying a huge commission to a listing agent.  Get you home listed on the St Louis MLS for a low one time fee of $297.  My name is Scott Berg and I am  licensed locally.

The home can also be listed in major websites like Realtor.com, Yahoo, MSN, and Trulia.  You can decide what you would be willing to pay buyer's agents to bring in a buyer for the home.

This is a great way to enable you to get more aggressive on pricing your home and beat the competition.  We provide everything you need including disclosure documents, contracts and advice.  Visit us today to find out more about our MLS Listing Program.

Dec. 8, 2011

Bucktown Single Family Homes

The Bucktown Real Estate Market

This data was compiled from Chicago MLS listings from the past 12 months.

Bucktown Homes

Homes in Bucktown

Bucktown Real Estate

As you can see from this data there is around a years worth of inventory in Bucktown with 97 homes sold in the last 12 months and 48 currently active on the market. The average market time is 176 days for closed homes but jumps to 314 for those active which I believe comes from some home owners have unrealistic expectations.

As you can see Bucktown real estate has a wide variety of home prices ranging from $229k to $4.4 m.

Dec. 6, 2011

List a Home on MLS for Flat Fee

Scott Berg has been listing homes for a flat fee on the Chicago MLS since 2004. We can assist you.

Typically our clients are either "for sale by owner" or industry insiders. Industry insiders include former real estate brokers, commercial brokers, mortgage brokers, attorneys, builders, developers, rehabbers, flippers, and appraisers.

The program includes an mls listing as well as listing on high profile websites like
Realtor.com, trulia, zillow, ChicagoTribune.com, msn, yahoo and many other high profile and high traffic websites.

We also offer our clients assistance through the entire process including advice and tips on how to get their home sold. Call us today at 708-434-1165.

Dec. 6, 2011

Bucktown Homes For Sale Market Report

Market Statistics for Bucktown, Chicago for December 5, 2011

      Total Listings  

Average

List Price

  Average

Market Time
  Sold   97   $884,354   175 days
  Active   46   $1,192,547   287 days
  Under Contract   12   $899,733   249 days

 

      Max   Average   Median   Min
  List Price   $4,400,000   $977,009   $789,000   $229,000
  Sold Price   $2,770,000   $826,451   $730,000   $244,500


There are 46 active homes listings for sale and 97 have been sold in the last 12 months. The sold listings had an median sale price of $730,000 and average market time of 175 days. The average market time for active listings is 287 days.

If you would like to search Bucktown homes for sale, be sure to check out our great online home search which includes all homes, houses, condominiums, land, foreclosures, and short sales. The search includes the entire metro area of Chicago Real Estate.

Posted in Market Conditions
Dec. 3, 2011

Gold Coast Real Estate

Gold Coast Real Estate Market Update for 2 bedroom Condos

LP - List Price
MT - Market Time
SP - Sold Price
Total                                     Average LP        Average MT
Sold-131                               $446,238                  221 days
Active-125                          $642,671                  296 days
Under Contract-21           $453,623                  330 days

---------------------Max                  Average          Median           Min

LP (277)       $2,850,000      $535,441       $399,000     $117,000
SP (131)         $1,305,000      $419,549       $350,000     $119,000

Posted in Market Conditions
Nov. 21, 2011

Edina Realty Pulls MLS Listing Feed From Realtor.com & Trulia

Edina Realty, one of the largest brokerages and a dominant forces in the state of Minnesota has decided not to feed its listings to Realtor.com and Trulia. It is common to hear grumblings from agents and other industry insiders that giving public sites access to their listing data is in the end counter productive and leads to deterioration of one of their prized possessions, MLS data. It is hard for me to see the benefit to the clients of their company.

I think that it is unlikely that you will see many others follow suit. Competitors of Edina Realty are likely to use this as a selling point to gain market share.

Posted in MLS Listing
Nov. 20, 2011

Chicago Real Estate Market Update

If you look at the city overall things are not bright. That being said real estate is hyper local and what is happening in one area, in one price range is quite different from another.

Here is a snapshot of how the Chicago Real Estate Market is preforming as a whole:
chicago-real-estate-market