Over $155 million sold and over 420 happy homeowners Shaunna Burhop | Baird & Warner Real Estate Broker 210 W. Northwest Highway, Arlington Heights, Illinois 60004 shaunna.burhop@bairdwarner.com
February 2022 Newsletter LOVE WHERE YOU LIVE!
Experts predict a strong first half to the 2022 market. I’ll share what to do (or not to do) to earn maximum value while coordinating a move across town or across the country. I can help with ALL types of real estate—homes, condos, or investment properties—call or text me at 847.275.0277 today.
Market Update NORTHWEST SUBURBS* Detached, Single Family • Median Sales Price: $400,000 +12.4% • Average Days on Market: 56 -28.2% • New Listings: 256 -34.5% • Showings per Listing: 13.7 +41.2% • Homes Under Contract: 309 -16.9% Attached, Condos + Townhomes • Median Sales Price: $200,000 +8.1% • Average Days on Market: 49 -21.0% • New Listings: 309 -17.2% • Showings per Listing: 8.1 +32.8% • Homes Under Contract: 337 0% *Statistics December 2021 v. 2020; (+) or (-) indicates change between the month of December 2021 compared to December 2020; Figures from MRED LLC. Info Sparks and reflect the impact of 2020 Covid restrictions.
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MARKET TRENDS:
My 2022 market perspective
I
was honored to be quoted in the January edition of Chicago Agent magazine, one of Chicagoland’s leading sources of local news and information for the well-informed residential real estate professional. I was happy to provide my opinion on 2022 market trends and my perspective on how to deal with limited inventory. Here is an excerpt from the full story: “Across the board, in the northwest suburban market, there is one month of inventory,” Burhop said. She blames it on long-term homeowners remaining in their properties. “They want to move, but they’re struggling with, ‘where do I go?’ Twenty-five percent of my sellers last year
Thursday February 24: Don’t miss the Art & Wine fundraiser for the Palatine Township Senior Center. Bid on art created and donated by local artisans and enjoy a flight of wine and appetizers from 4-6pm. Tickets ($25 ea.) and info at ptscc.org.
left for out-of-state [destinations], but they’re
Let’s Get Social!
what’s available in the market, the process of
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struggling with the same thing around the country, particularly the warmer climates, where retirees want to go, hot areas such as Knoxville, Tennessee,” she said. Burhop educates them about finding a home—if they’re looking out of state, she connects them with a solid resource in that area— and how to prepare their house for sale. She also
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puts together a timeline for making it all happen.
Do you have questions about the 2022 market? Let’s set up a time to talk about your goals. I’m also happy to connect you with strong local agents across the country to help if you’re thinking about an out of state move. n
STAGING + SELLING | SEARCHING + INVESTING | RENOVATIONS + DESIGN | RELOCATION + RETIREMENT | SENIOR LIVING + ESTATES