Page 12 - Custom Marketing Proposal for Your Residence
P. 12

THE KOENIGRUBLOFF REPORT

                                                           Monday October 26, 2015

                                                                    CHICAGO, IL 60654

                                                                                   Condos - Townhomes

   The median list price in CHICAGO, IL 60654 this week is $460,000.                           Real-Time Market Profile  $ 460,000      Trend
   Inventory is tightening and days-on-market is falling. The Market                                                                     ±+
   Action Index shows demand heating up. These are relatively bullish      Median List Price                                  $ 387      ±+
   signs for prices.                                                       Asking Price Per Square Foot                          136     ≠
                                                                           Average Days on Market (DOM)                         32 %
Supply and Demand                                                          Percent of Properties with Price Decrease                     ±+
                                                                           Percent Relisted (reset DOM)                         28 %
    The market has shown some evidence of slowing recently. Both           Percent Flip (price increased)                        1%
    prices and inventory levels are relatively unchanged in recent weeks.  Median House Size (sq ft)
    Watch the Market Action Index for changes as it can be a leading       Median Number of Bedrooms                           1248
    indicator for price changes.                                           Median Number of Bathrooms                            2.0
                                                                                                                                 2.0
                                                 Market Action Index       Market Action Index Buyer's Advantage
                                                                                                                                28.7

                                                                           ±+ No change  == Strong upward trend ≠≠ Strong downward trend
                                                                                          = Slight upward trend ≠ Slight downward trend

                                                                           Price

                                                                               We continue to see prices in this zip code bounce around this
                                                                               plateau. Look for a persistent down-shift in the Market Action
                                                                               Index before we see prices deviate from these levels.

                                                                                                                                        Price Trends

7-Day Rolling Average  90-Day Rolling Average     Buyer/Seller Cutoff

The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles                                                                                7-Day Rolling Average  90-Day Rolling Average

         Quartile      Median Price  Square Feet                                                                Investigate the market in quartiles -
       Top/First       $ 1,100,000        2507                                                                  where each quartile is 25% of homes
 Upper/Second                                                                                                   ordered by price.
   Lower/Third                                    Beds Baths Age Inventory New Absorbed DOM
Bottom/Fourth
                                                  3.0 2.0 12               61 2          3 152 Most expensive 25% of properties

                       $ 537,450     1350         2.0 2.0 12               62 6          5 138 Upper-middle 25% of properties

                       $ 400,000     1070         2.0 1.5 13               62 1          8 169 Lower-middle 25% of properties                                          Monday, October 26, 2015  THE Koenig

                       $ 267,000     725          1.0 1.0 15               62 5          8 85 Least expensive 25% of properties                        Condos & Townhomes
                                                                                                                                                                  60610, 60611, 60654

The KoenigRubloff Report is an exclusive weekly electronic real estate trend and analysis
tool detailing Chicago-area neighborhood and community market trends, provided to you
by KoenigRubloff Realty Group! Whether you are buying or selling a home, or just want to
stay current on the real estate climate in your area, the best decisions are made with up-
to-date information. Reports contain real time market data and are emailed directly to you
every week, and can be customized based on towns or zip codes as well as property type.

Answer questions such as: Are home prices going up or down? What is the average day on
market in my area? What are prices like in a particular town or neighborhood? Are there
many homes on the market in my particular price range? What is the average square feet of
homes in my town? We can discuss the details of signing up for this report.
   7   8   9   10   11   12   13   14   15   16   17