The document is a newsletter from A. L. Wagner Appraisal Group providing quarterly real estate market statistics and analysis for the Chicago region from 2005 to the present. It includes graphs showing trends in active listings, pending sales, sales volume, months of inventory, and average sales price. The analysis indicates the market bottomed in early 2009 and has seen rising pending sales, declining inventory levels, and a slight increase in average sales price in the most recent quarter. Unemployment remains high which could impact further market improvement.
Apr 2017 - Some cooling but still hot outside: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
New chart this month showing how crazy the Condo market has been with bidding wars. There were some cooling signs in April but it's still 40°C outside. See the trends with your own eyes in these 8 market charts.
May 2017 - Houses cooling faster than condos: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
Shifts that started in April continued in May. Active listings are up a lot, but condo inventory still low so it's deeper into seller's territory than houses right now. Two new chart this month. See the trends with your own eyes in these 9 market charts.
Apr 2017 - Some cooling but still hot outside: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
New chart this month showing how crazy the Condo market has been with bidding wars. There were some cooling signs in April but it's still 40°C outside. See the trends with your own eyes in these 8 market charts.
May 2017 - Houses cooling faster than condos: Toronto real estate market chartsScott Ingram, CPA, CA, MBA
Shifts that started in April continued in May. Active listings are up a lot, but condo inventory still low so it's deeper into seller's territory than houses right now. Two new chart this month. See the trends with your own eyes in these 9 market charts.
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the “doom and gloom” messages of the national print and television media with real information on real estate.
Annie Williams Real Estate Report - November 2021Annie Williams
Sales of single-family, re-sale homes rose 5.6% year-over-year. Sales were up 27.3% from September. There were 303 homes sold in San Francisco last month. The average since 2000 is 214.
National Residential Real Estate Market - January 2019 updateScott Rodgers
Slide deck showing residential real estate market data. This is for the United States real estate market and was created in January 2019. If you have questions, feel free to reach out at http://www.ThePeak.com
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to help agents combat the “doom and gloom” messages of the national print and television media with real information on real estate.
Annie Williams Real Estate Report - November 2021Annie Williams
Sales of single-family, re-sale homes rose 5.6% year-over-year. Sales were up 27.3% from September. There were 303 homes sold in San Francisco last month. The average since 2000 is 214.
National Residential Real Estate Market - January 2019 updateScott Rodgers
Slide deck showing residential real estate market data. This is for the United States real estate market and was created in January 2019. If you have questions, feel free to reach out at http://www.ThePeak.com
Reporte Inmobiliario transparentó el mercado inmobiliario en Argentina. Aqui te mostramos un breve detalle de lo que hacemos con datos desde el año 2003.
Annie Williams Real Estate Report Nov-Dec 2015Jon Weaver
California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist,
according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.
Annie Williams 2016 Annual Real Estate ReportAnnie Williams
Prices for single-family homes and condos/townhomes, while reaching new highs in 2016, ended the year with modest gains. The median prices for homes gained 4.2% compared to 2015. This is after four years of double-digit gains. The median price for condos/townhomes was essentially unchanged from 2015: up 0.8%. Again, after four years of double-digit gains. (See tables on next page for details.) Sales, on the other hand, were up last year. Single-family home sales rose 5.5% year-over-year. Home sales were at their highest level since 2005. Condo/townhome sales were up 0.6%.
Annie Williams Market Report May-June 2016Jon Weaver
The median price for lofts/townhomes surged 15% in April from March. It was up 4.5% year-over-year. The average price just missed tying the all-time high by $500. After an incredible rise in sales of both singlefamily, re-sale homes and lofts/townhomes in March, sales declined in April, which is unusual. But, there's just not a lot of inventory. Combine that
with the incredible demand, and it's no wonder prices are surging.
Annie Williams Real Estate Report Sept-Oct 2016Annie Williams
It looks like the market is moderating after the frenzy of last year. The sales price to list price ratio for homes, which is a good indicator of demand, while still over 100%, has gone from being over 110% for most of last year to under 110% for most of this year.
Annie Williams Real Estate Report - April 2019Jon Weaver
The real estate market in San Francisco is beginning to heat up for three reasons. First, spring is when the market typically becomes more active. Two, mortgage rates are at 15-month lows. Third, IPOs have started creating instant millionaires.
Zillow Sued Over Zestimates - June/July Real Estate ReportAMSI, San Francisco
The Robb Fleischer’s Real Estate Report – Local Market Trends San Francisco includes monthly updates regarding mortgage rates, market statistics, sales momentum, pricing momentum, trends at a glance, foreclosure statistics and more.
Things continued to soften in the Toronto real estate market in July, and detached houses and condos continue to act much differently. To read a more in depth account of the month's activities, read my blog at www.century21.ca/scott.ingram/blog. In the meantime, view the statistical trends with your own eyes with these monthly charts.
1. A. L. Wagner Appraisal Group, Inc.
Real Estate Appraisers & Consultants
1807 S. Washington Street, Suite 110 Telephone (630) 416-6556
Naperville, IL 60565 Fax (630) 416-6591
www.WagnerAppraisal.com E-Mail: Chip@WagnerAppraisal.com
Alvin L. “Chip” Wagner III, SRA, SCRP
JULY 2010 eNEWSLETTER
Dear Chicago-Area Real Estate Community and other interested parties in real estate and relocation:
Attached please find my July Statistics:
Monthly Market Pulse for Detached Housing;
Monthly Market Pulse for Attached Housing;
Quarterly Report with data from previous 12-month period. (7/1/2009 to 6/30/2010)
The Quarterly Report shows the community statistics for total active listings, total under contract, sales volume
over the past 12 months and the resulting MSI (Months Supply of Inventory). It also reports the Mean Sales
Price. In the far right column shows the MSI and Mean Sales Price for the same period one year ago with the
percent of change. In this eNewsletter, I am sharing the trended information for the entire Chicagoland region
for each category in the Quarterly Report since 2005 (at our market’s peak).
The graph above shows the increasing trend in the number of active listings in the Chicago region that peaked
in 2008, and has been declining. Fewer active listings help to decrease the supply of inventory.
2. The graph above shows the increasing trend in the number of contract pendings in the Chicago region that
peaked at a low in the first quarter of 2009, and has steadily increased since then. The 2010 totals are the
highest they have been since 2006, and the continued increase in contract pendings is a good sign of continued
sales activity. This has been in part the market’s reaction to the $6,500 and $8,000 tax incentives that expired
on April 30th. This tax credit was to help spur activity, and it succeeded.
The graph above shows the increasing trend in the number of sales to take place in the Chicago region. This
annualized stat shows the market bottomed in early 2009, and has been increasing ever since. From the end of
2005 to the beginning of 2009, the drop in sales volume was approximately 50%. Since fewer homes were
selling, the inventory increased. The basic laws of Supply and Demand lead to the declining values our market
has faced.
3. The graph above shows the first three quarters of each year, the MSI increased, and the fourth quarter it
decreased and then returned to the same trend the following year. In 2009, the MSI actually began decreasing
between the 2nd quarter and 3rd quarter. It has remained somewhat stable over the past 3 quarters.
The Months Supply of Inventory (MSI) is a calculation that measures the relationship between the number of
active listings on the market as compared to the rate at which they are selling.
Less than 3 months of supply will place strong pressure on prices upward, which could result in as high
as double digit appreciation.
3 to 4 Months of supply will place pressure on prices upward, resulting in appreciating values.
5 to 6 Months of supply is generally considered a balanced market with little to no fluctuation in value.
7 to 8 Months supply is going to result in downward pressure on prices, usually leading to declining
values.
Over a 9 Month supply is an extreme oversupply, placing strong downward pressure on prices,
potentially at a double digit annual rate.
The good news is the continued downward trend in the Inventory Levels.
4. At the end of the first quarter, in my April eNewsletter, I reported that there was “Finally Something Positive to
Say.” I discussed the statistics in the quarterly report had shown 41% of the communities analyzed in the report
showed either increasing, or stable mean sales prices from the previous quarter. This was important because it
is the first period since 2007 that shows areas with increasing prices from the previous quarter. But the overall
Chicagoland average was still in decline.
At the end of the 2nd quarter of 2010, we see the first increase in Mean Sales Price since the middle of 2007.
The graph above shows the Mean Sales Price as of the end of the 1st quarter to the end of the 2nd quarter
increased 2.74%. This is after a 34% decrease over the previous 10 quarters.
And of the 186 suburban communities profiled in the Quarterly Report, 96 communities (48.9%) showed a
positive increase or barely negligible change of less than ½ % downward.
There are continued concerns of the shadow inventory and the homes in pre-foreclosure and foreclosure that
have not hit the market yet. It is difficult to measure the impact of this. The real concern is the economy and
Unemployment. Once people have jobs, they can pay their mortgage. When they pay their mortgage,
foreclosures go down. The following table shows local unemployment levels going back 10 years. Cook and
DuPage Counties are seeing increasing levels, but the State and National averages are seeing a decline.
Unemployment by County-Chicago Metro Area (Source: IDES)
Cook DuPage Kane Lake McHenry Will State of IL National
Jun-10 10.9% 9.0% 10.8% 10.3% 9.9% 11.0% 10.4% 9.5%
Dec-09 10.8% 8.6% 11.2% 11.6% 10.4% 11.0% 11.0% 10.0%
Dec-08 7.1% 5.4% 7.5% 8.3% 6.9% 7.2% 7.9% 7.6%
Dec-07 5.1% 3.8% 4.8% 5.0% 4.3% 4.7% 5.0% 4.6%
Dec-06 4.7% 3.4% 4.3% 4.2% 3.7% 4.3% 4.6% 4.6%
Dec-05 6.5% 4.7% 5.7% 4.5% 5.1% 5.5% 5.7% 5.1%
Dec-04 6.6% 5.0% 6.0% 5.3% 5.2% 5.9% 5.8% 5.7%
Nov-03 7.3% 5.2% 7. 0% 6.2% 6.3% 6.9% 6.7% 6.0%
Nov-02 7.4% 5.2% 6.6% 5.6% 5.7% 6.3% 6.5% 5.8%
Nov-01 6.1% 3.9% 5.3% 4.5% 4.5% 5.1% 5.4% 4.7%
Nov-00 4.9% 2.9% 4.3% 3.5% 3.4% 4.2% 4.4% 4.0%
Thanks for your continued interest. I frequently post real estate and appraisal-related information on my
Facebook page and blog at: http://chipwags.blogspot.com/. Follow my company Facebook page at:
http://www.facebook.com/pages/Naperville-IL/AL-Wagner-Apprasial-Group/368919896256?v=wall
Regards,
Chip
Alvin “Chip” Wagner III, SRA, SCRP (RAC Member)
A. L. Wagner Appraisal Group, Inc. is proud to have been serving the Chicago metropolitan area since 1970 by its founder Alvin Wagner Jr.
Currently lead by his son Alvin III, known as “Chip,” we specialize in corporate relocation appraisals and complete residential appraisals for all
purposes including lending, REO/Foreclosure, Legal (divorce, estates, trusts, litigation support), market value appraisals for Realtors and
individuals for both listing and selling purposes. Visit www.WagnerAppraisal.com for more information on our qualifications and services. Thank
you for your referrals!
If you know of someone who would benefit by this newsletter or our market studies, please feel free to pass them along. If you would like to be
removed from my distribution list, please send an e-mail to: Chip@WagnerAppraisal.com. All information contained in this eNewsletter was created
by Alvin L. “Chip” Wagner III, SRA, SCRP and is the opinion of the author. Market statistics were derived from the MRED, LLC and the former
Multiple Listing Service of Northern Illinois.