Jason Merel Residential - EXP Realty

06/05/2023

It's a hustle on the North Shore of Chicago, and it shows...

Look at Highland Park from April 2022 to April 2023:

-Closings for single family homes were down 50% (48 vs. 24)
-Closings for attached units were down 77% (9 vs. 2)
-New listings for single family homes were down 50% (76 vs. 32)
-The average sales price was down 3.8% ($695,000 vs. $649,750)
-Market time was up 4.2% (48 days vs. 50 days)

If you're thinking of buying or selling in the near future, here's your best bet:

Work with someone who knows the local market.

Love your Home, Move with Merel.

06/04/2023

Real Time Real Estate...by the numbers.

In the Deerfield Single Family Home market (SFH), there are:

-21 homes for sale you know about (active)
-12 homes for sale you don't (private)
-31 homes under contract you know about (active)
-4 homes under contract you didn't know about (private)

Over the past six months, there have been 98 homes sold in Deerfield.

-Average Sales Price = $641,236
-Average Market Time = 31 days
-Highest Sales Price = $1,550,000 on May 1, 2023.

Love your Home, Move with Merel.

06/03/2023

What's an underrated indicator of the real estate market?

The number of new listings per month.

Over the past three years, those stats have been way down on the North Shore.

Deerfield -29.8%
Highland Park -33.6%
Lincolnshire -32.2%
Northbrook -20.7%
Buffalo Grove -36.5%

Meanwhile, prices have remained very strong. The list price to sales price is no less than 97.9% in any of these areas.

The more you know...

Love your Home, Move with Merel.

06/02/2023

Just Closed! Beautiful home, wonderful neighborhood, and great people on all sides of the transaction.

It was a pleasure working with Hannah Roesch, too. You and I kept this together, and I'm very grateful for the efforts. Truly!

1201 Dartmouth Lane | Deerfield, IL
-Asking Price: $850,000
-Sales Price: $850,000
-Days on Market: 5 (sold on the Private Listing Network)

Love your Home, Move with Merel.

06/01/2023

Been talking about talking about real estate for some time now, and finally, we've got our first one published!

In our pilot episode, Erik and I talk about the current real estate market on the North Shore, strategies for winning multiple offer situations, and hit the tip of the iceberg when it comes to our takes on Open Houses. We get a little crass and likely too personal, but this is our nature!

Learn something, or enjoy trying...and tune in soon!

Love your Home, Move with Merel.





Apple eXp Realty

‎News · 2023

05/31/2023

While it's still a great time to sell your home, I only have one question for you...

WHERE ARE YOU GOING?

Let's explore that before we begin the purge, shall we?

Love your Home, Move with Merel.

05/30/2023

Is there a correlation between Residential R.E. Inventory and Sales Price?

Short answer, yes. Long answer, yes, but it depends on the hyper-local market.

Case Study: Chicago's North Shore.

Months' Supply of Inventory vs. Percentage of Original Listing Price (MSI vs. OLP).

Glencoe
2021: 3.1 MSI, 93.9% OLP
2022: 1.6 MSI, 97.8% OLP
2023: 2.2 MSI, 99.9% OLP

Northbrook
2021: 4.2 MSI, 94.5% OLP
2022: 1.7 MSI, 97.2% OLP
2023: 1.8 MSI, 97.7% OLP

Deerfield, Bannockburn, Riverwoods
2021: 4.0 MSI, 94.9% OLP
2022: 1.5 MSI, 97.3% OLP
2023: 1.6 MSI, 98.1% OLP

Want to know what's happening in your neighborhood?

Love your Home, Move with Merel.

05/29/2023

"The legacy of heroes - the memory of a great name, and the inheritance of a great example." -Benjamin Disraeli

05/28/2023

How did I tame what could have been a wild and wacky weekend?

Step 1. Listed new property for sale with great pics, aggressive price.
Step 2. Set showing time frame to accommodate client, me, and public.
Step 3. Hosted appointments, answer questions, follow up with colleagues.
Step 4. Informed parties they have until set time, date to submit best and final offer.
Step 5. Reviewed offers, complete due diligence. Picked winner, signed, happy.

If you're planning to sell a home, do it with purpose.

Love your Home, Move with Merel.

05/27/2023

I'm grateful I had the opportunity to sell this beautiful home, and I'm so happy it worked out for everyone involved.

It was a pleasure working with Mary Haight Himes of Compass, too! I only wish more of my transactions were handled with the care and respect she showed throughout the process :)

And congratulations to the new owners, may they find this home filled with love for years to come.

1598 Bluestem Lane | Glenview, IL
-Asking Price: $1,049,000
-Sales Price: $1,060,000
-Days on Market: 8

Love your Home, Move with Merel.

05/26/2023

In this market, a strong offer simply won't do.

You have to be fierce, you have to stand out, and you have to be rock solid.

So, what components will give you that competitive edge?

💰 PRICE. Come in over asking, or don't come in at all.

📄 FINANCES. Show you have the means, and you mean it.

🗓 FLEXIBILITY. Say when, and consider it done.

🚿 CLEAN. As-is, no contingencies, waive whatever you can.

Remember, the strength of your offer depends on various factors, including market conditions, the seller's priorities, and the specific property. Know your stuff, get that house!

Love your Home, Move with Merel.

05/25/2023

When selling your home, two things will get potential buyers through the door:

Great pictures and a detailed floor plan.

Here are three reasons why these are crucial to listing a home:

1. Capture attention and generate interest. High-quality photographs can make a lasting first impression on potential buyers. Eye-catching pictures can pique the interest of buyers, enticing them to explore the property further.

2. Provide visual context and perspective: A floor plan offers potential buyers a clear and accurate representation of the property's layout, dimensions, and spatial relationships. It helps buyers understand the flow of the house, the size of each room, and the overall configuration.

3. Increase online exposure and engagement: Most homebuyers begin their search online. Great pictures and a floor plan significantly enhance the online listing's appeal and shareability, increasing its visibility and reach.

These elements work together to create an enticing presentation that appeals to buyers, generates interest, and increases the likelihood of selling the property quickly and at a favorable price.

*I've attached a few pics and plans from the photo shoot we did yesterday in Highland Park, IL. 1242 Ferndale Ave., going live today!

Love your Home, Move with Merel.