Good News for the Real Estate Market in Northbrook

Just what you were waiting to hear!! A house sold in Northbrook for $1,825,000 this past week. That is $300,000 more than the highest priced house sold in all of Northbrook last year.

As I've written before, if your house is priced correctly, and it shows great... there is a good chance your house will sell relatively quickly. Recently, homes have been flying off the market within a week or two. Here is an interesting article that was written by the Associated Press this week.

Here's a good quote from that article -

In suburban Washington, D.C., Rory Obletz and his wife have been saving to buy after renting for six years. Obletz, 27, failed in two previous bids for single-family homes. He's hoping a third bid — about $10,000 above the asking price of $399,000 for a home in Silver Spring, Md. — will succeed this month.

"One home we went to, it was under contract by the time we walked out of the house," Obletz said. "If you really want to get something, you don't have a lot of time to think about it."

We are seeing the same thing in Northbrook. Inventory is somewhat down and that makes buyers willing to make a quick decision.

So, if you are getting ready to list your house, the best service you can do for yourself is to listen to your Real Estate Broker and price your home correctly. 

Kati Spaniak is a 36-year resident of Northbrook, a former Northbrook Village Board Trustee and a real estate broker with @properties specializing in selling real estate in Northbrook. She has created a Get Involved Northbrook Facebook page to keep the residents of Northbrook involved and active in the community.