News on The Chicago Real Estate Scene

March 8, 2022

Oak Park and River Forest Real Estate Market Update 3/22

Nov. 4, 2019

Oak Park Market Update September 2019

Nov. 7, 2018

Team Berg - Scott and Mike Berg Join EXP

Scott Berg and Mike Berg have left Berg Properties to join eXp Realty.  Colleen Berg will be the managing broker of Berg Properties.


Scott Berg and Mike Berg left the business they founded to form Team Berg. They will focus on growing their business through eXp's growing technology offerings, as well as the tremendous revenue and stock opportunities.


eXp is the fastest growing real estate brokerage in the country and has been doubling revenue and agent count in recent years. eXp recently announced that Q3 2018 revenue is expected to grow 231% to $157 million with residential transaction volume is expected to grow 239% to $6.2 Billion.

Posted in Real Estate
Sept. 5, 2015

Home for Sale 511 e 3rd st hinsdale IL 60521 09031014





Large, beautiful lot in prime SE Hinsdale, 3/4+acre. $100K+recent upgrades include 3 new bathrms w/high-end finishes w/carrera marble and calacatta borghini vanity tops & calacatta porcelain flrs. Stunning rehabbed chefs kitchen w/prof grd SS appl., a WBFP, heated flrs, and lrg fam/eat-in area.Dramatic MBR suite w/2 lg WIC's, fireplace. Lg rm sizes provide spectacular views of prof. landscaping/lush gardens Must see!

See More information:


or call 708-434-1165




Posted in Real Estate
Aug. 26, 2013

Streeterville Market Conditions August 2013

Streeterville Condo Market Conditions Report

Analysis: There are currently 289 Condos for sale in the Chicago neighborhood of Streeterville and there are 155 additional units that have accepted sales contracts.  The ratio of homes under contract to those that are available is 54% which I consider a very healthy market.  

460 Condos have closed in the last 6 months which represents 50% more units than closed last year during the same 6 month period last year.  There is currently 3.77 months of inventory.

Active: 289

Under Contract:  155

Under Contract Ratio: 54%

Number of Expireds/Cancelled Last 6 Months: 279

# Price Changes in Last 7 Days: 8


Sold Last 6 Months: 460

Sold Same 6 months 2012: 307

% Change in # Sold(Y/Y): Up 50%

Closed/Month: 76.67

Months of Inventory: 3.77 months - sellers market

Average List Price of Sold Homes: 653,620

Average Sold Price: 625,843

Sold Price to List Price Ratio: 96%

Sold Days on Market: 105


Aug. 9, 2013

Oak Park Real Estate Market Conditions

Good News for Oak Park Real Estate Market!

Analysis: There are currently 119 single family homes on the market in Oak Park, IL and 105 homes that have accepted contracts.  There is an 88% ratio of homes that are active (for sale) to those that are under contract (have accepted contracts). This ratio points to a strong local real estate market where inventories will continue to shrink.

45 homes are being sold each month in the village and inventories are at a low 2.62 months.  This means that if no homes were to come on the market it would take around 2 1/5 months to clear out all of the current inventory.  It is a strong sellers market here and home prices will continue to rise as long as these continue to persist.

31% more homes closed in the last 6 months of 2013 versus the same period in 2012.  Which again points to an improving market.


Active: 119

Under Contract:  105

Under Contract Ratio: 88%

Number of Expireds/Cancelled Last 6 Months: 83

# Price Changes in Last 7 Days: 10


Sold Last 6 Months: 273

Sold Same 6 months 2012: 209

% Change in # Sold(Y/Y): +31%

Closed/Month: 45 homes

Months of Inventory: 2.62

Average List Price of Sold Homes: $426,401

Average Sold Price: $414,266

Sold Price to List Price Ratio: 97%

Sold Days on Market: 87

July 19, 2013

MLStown back on Flat Fee MLS Scene has once again become an active site for flat fee mls listings.  

According to Scott Berg, the sites owner, it had been idled years ago based on proposed rules that would eliminate the companies ability to use a url with the term mls in it.

Those rules never really took hold but the threat had caused them to develop our BergProperties site.  

MLStown will be a conduit for all support and information for "for sale by owner" services.

Berg Properties has recently exited the states of Minnesota, Missouri, and Texas deciding to focus their efforts in the Chicago Metro Area.  

"Although we no longer do business outside Illinois we are happy to refer interested customers to the top flat fee brokers that cover other areas" states Berg.

March 28, 2012

Flat Fee MLS Listing St. Louis Missouri

Check out our latest video on our flat fee mls listing service in St. Louis Missouri.

Learn more at

March 10, 2012

Real Estate Scene in Oak Park Illinois

I cool video to youtube on the Oak Park Real Estate Scene.

March 10, 2012

Flat Fee MLS Chicago Video

Our newest youtube video for our flat fee mls service is now available.

Please tell me what you think.