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Market Conditions in Evanston : Real Estate Advice

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  • Local Info14
  • Home Buying47
  • Home Selling5
  • Market Conditions15

Activity 18
Fri Jan 2, 2015
Noah Seidenberg answered:
I need more specific information to answer that question.there are so many different types of properties in Evanston IL.there are are 1,2,3,4,5,6 bedroom houses with 1, 2,3,4 or 5 to 6 bathrooms not including half baths or powder rooms and if you can narrow down your question we can help you. ... more
0 votes 1 answer Share Flag
Sun Nov 2, 2014
Jeff Nobleza answered:
The "asessment" you see on the Trulia link refers to the assessed value the County assigned to the property (multiply it by 10 to come up with what the County feels the property is worth). The County applies a formula to this number to determine the real estate tax amount to bill to this property.

There are many details to consider and interpret when purchasing property. The "Assessment" you are referring to is one of them. Engaging a knowledgeable realtor to help you read, interpret, and analyze such details.

Jeff Nobleza
Baird & Warner
2926 Central Street
Evanston, IL 60201
... more
0 votes 3 answers Share Flag
Mon Aug 12, 2013
Noah Seidenberg answered:
As more people realize that their property can and will sell they will gain confidence that the housing market is on an upswing and they will list their homes and condos for sale. There is always reasons why people sell but many people have yet to figure out that the real estate market is doing way better than one year ago. ... more
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Sat Jan 26, 2013
Jeri Schmidt answered:
Hi Neil
The home on Avers would be closer to St Joan of Arc School if you are looking for a parochial school. I would be happy to assist you in your search. There are some lovely homes on the market in several areas of Evanston near parochial schools. Please let me know if I can help

Jeri
... more
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Tue Mar 6, 2012
Jack Lewitz answered:
Evanston 60203 boarders Skokie and both areas are declining values based on my knowledge.
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Wed Oct 5, 2011
Noah Seidenberg answered:
Not any different situation then 60202 or 60201. The advantage to 60203 is that one gets access to Evanston schools but pays Skokie taxes which are less then Evanston. This area is an area in between Evanston and Skokie ... more
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Mon Sep 12, 2011
Alan May answered:
Sorry, there are currently no rentals available at 807 Davis that I know of. And I'm not aware of any forthcoming. (that doesn't mean they're not forthcoming... just that I don't know about them). ... more
0 votes 1 answer Share Flag
Sat Jun 25, 2011
Michael Hobbs answered:
Good Evening,
Evanston is quite a diverse market.
Depending on whether you are speaking of South Evanston, boardering Rogers Park, or East Evanston along Lake Michigan with historic homes, or Evanston of Northwestern University proximity or even Evanston of Skokie proximity, the market is general has showed some strength, but across most price points, there is still a lot of weakness. It is a great time to buy. Much tougher time to sell especially if someone bought in the past 5 years as they are almost assured to be under water, aka negative equity, which can result in a potential seller having to consider a short sale because the value of their home has dropped so much that mortgage exceeds the market value.

Depending on which economists you like to follow, housing is not going to pick back up (based on 2nd qtr 2011 prognostications) until at least 2013 if not 2014.

And Evanston is an all round great place to own and live due to its growing downtown area, proximity to Lake Michigan, Northwestern University influence and strong, generally stable home ownership base.

Sincerely,
Michael


Michael Hobbs
President
PahRoo Appraisal & Consultancy
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0 votes 9 answers Share Flag
Wed Oct 13, 2010
Evelyn S. Fred answered:
Hi Kscharkey,

I would like to provide you with a year to date report, for the past two years, of trends including # of units sold by category (single family vs condo), selling price vs listing price, days on market, average sales prices vs median prices, etc....

If you're interested feel free to contact me directly.
... more
0 votes 1 answer Share Flag
Wed Aug 25, 2010
Alan May answered:
Lori - this question was asked almost 3 years ago... I don't think they're still interested.
0 votes 9 answers Share Flag
Fri Jun 25, 2010
Jackie Mack answered:
Hi,

For active listings in Evanston, the average days on market for the price range $825,000-875,000 is 147 days.

Those properties that sold in the last 6 months had an average days on market of 135 days, and average sale/list price of 91%.

Let me know if you need any other information.
... more
0 votes 2 answers Share Flag
Wed Jan 27, 2010
312consulting answered:
I own a property management company. Feel free to reach out to schedule an interview with me and my partner.
Jen Thompson & Sam Powell
312 Consulting and Management
Licenced Real Estate Professional
165 N Canal Suite 1031
Chicago IL 60606
Cell: (312) 933-1261
Fax: (866) 630-5460
jen@312consulting.com
sam@312consulting.com
... more
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Fri Aug 7, 2009
Theo Shaw answered:
A more important question is: Are mortgage rates going down or up?

The mortgage rate has a lot more to do with how much your monthly payment and total payback amount will be than if a home's price goes up or down a few percent. ... more
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Wed Jun 18, 2008
Evan answered:
Oh, I see, I misunderstood your firt post, so one would assume that the owners of the houses currently on the market with these characteristics are smoking to much weed, lol.

Sorry Jane for hijacking your thread. ... more
0 votes 5 answers Share Flag
Tue May 6, 2008
Don Tepper answered:
Bob's right. Call some Realtors in Evanston. In addition, regarding your developer question, call several developers and ask.

Since you say you're a journalism student, if you're doing this for a journalism assignment you should definitely make calls and conduct the interviews. I have an MA in journalism (University of Missouri-Columbia), and while that was in the pre-Internet days, we had to conduct interviews. Only by talking to someone can you really follow up on off-hand comments, or pick up on pauses, or probe for more information.

And some of your questions have built-in assumptions that may be incorrect. You're assuming that developers have confidence in this market, to use your language. I can think of half a dozen reasons why development projects are continuing; many have nothing to do with whether the developer has confidence in the market.

Hope that helps.
... more
0 votes 2 answers Share Flag
Thu Mar 27, 2008
Hi answered:
the realtors in trulia, don't usually like to talk about rentals
they usually don't make comission from rentals
you can check out rental on www.craigslist.org
there are other websites that list apartments and rental

you are making the right decision by renting
it is 1/2 the cost of owning


anyways

good luck
... more
0 votes 1 answer Share Flag
Sun Sep 9, 2007
The Demarest Team! answered:
Daphne,
Depending on the area you are interested in, there may also be a local historical commission or society that may be able to help you find the answers you are looking for. You may want to look at the local community website to see if there is a link to a website or other contact information for historical groups for that area. ... more
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Market Conditions in Evanston Zip Codes

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