April 2020 Newsletter by Shaunna Burhop

Over $130 million sold and over 350 happy homeowners Shaunna Burhop | Baird & Warner Real Estate Broker 210 W. Northwest Highway, Arlington Heights, Illinois 60004

April 2020 Newsletter

Virtual appointments now available!

Call Shaunna today to set up a personalized consultation at 847.275.0277.

Market Update NORTHWEST SUBURBS* Detached, Single Family • Median Sales Price: $340,000 +5.3% • Average Days on Market: 150 +12.8% • New Listings: 1,059 +0.5% • Showings per Listing: 9 +26.8% • Homes Under Contract: 532 +28.2% Attached, Condos + Townhomes • Median Sales Price: $177,000 +4.8% • Average Days on Market: 94 +11.9% • New Listings: 576 +9.9% • Showings per Listing: 7.8 +9.9% • Homes Under Contract: 389 +18.2% *Statistics February 2020 v. 2019; (+) or (-) indicates change between the month of February 2020 compared to February 2019; Figures from MRED LLC. Info Sparks

Calendar FRI MAY 1: ARLINGTON RACETRACK OPENING DAY A return to live racing and entertainment with Opening Day promotions and prizes.

Find out more at arlingtonpark.com.

Let’s Get Social!

Follow ShaunnaBurhopRealEstate on Facebook and Instagram for news, design and market trends, connections to the community, and behind-the-scenes sneak peeks from real client stories. You can also send your questions, comments or ideas to shaunna.burhop@bairdwarner.com

DESIGN TRENDS: Divide and Conquer!

I

fell in love with decorative screens when we were working on staging my seller’s townhome last fall. The unit had a private courtyard and we wanted to showcase the possibilities of extending the living space outdoors. Working on a budget, my designer came up with the idea of hanging one of these on a plain beige wall. We purchased ours (shown below) at Home Depot and it instantly created visual interest for $36!

Since then, I have seen many creative screen ideas that come in various colors and patterns.

You can connect them together to make a bigger statement or create a privacy wall. You can hang them on walls, fences, and even siding (message me and I’ll send you a link to the slide-in siding fasteners we used). Some even come with legs to make them free standing. So many options! n

1

2 3

1 / CREATE AN OUTDOOR ROOM This gorgeous Pergola offers both beauty and function. Pinterest.com 2 / USE AS WALL ART Link together along an existing wall or fence. $63 each at Wayfair.com

An easy & stylish up

grade for $36

3 / ADD PRIVACY Customize an indoor or outdoor wall divider.

Pinterest.com

STAGING + SELLING | SEARCHING + INVESTING | RENOVATIONS + DESIGN | RELOCATION + RETIREMENT | SENIOR LIVING + ESTATES

April 2020 Newsletter

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To view an archive of previous issues and to read my new publication Open House magazine, please visit ISSUU.COM and search for Shaunna Burhop.

FOR THE MOST RECENT DATA AND REPORTS, please follow me on Facebook and Instagram at ShaunnaBurhopRealEstate

THE COVID CRASH: Why this is not like 2008

W

ith the volatility in the stock market and uncertainty about the impact of COVID-19, I’m getting many questions about the health of the real estate market. I want to provide as many facts and expert opinions as possible to help you understand the situation and why we should not compare it to the housing crisis of 2006-2008.

There’s a stark difference between these two periods of time. Normal appreciation is 3.6%, so while current appreciation is higher than the historic norm, it’s certainly not accelerating beyond control as it did in the early 2000s.

Why? Because homeowners have more equity. In the run-up to the housing bubble, homeowners were using their homes as a personal ATM machine. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. While prices have risen over the last several years, owners have not been tapping into it like the last time. The table shown at right compares the equity withdrawal over the last three years compared to 2005, 2006, and 2007. Homeowners have cashed out over $500 billion dollars less than before.

I’m here to help—feel free to reach out to discuss your own personal situation and I’ll do my best to help you find the answers you need. n

IDYLLIC CUL-DE-SAC LOCATION 703 E Crestwood, Arlington Heights $419,900

SOLID RANCH WITH BEAUTIFUL YARD 511 E Suffield, Arlington Heights $435,000

For more information on these featured properties or other available listings, or to list your own home, call Shaunna today at 847.275.0277.

Shaunna Burhop is one of the top agents in the Chicago Northwest Suburbs, and she has consistently been recognized as one of the Top 10 Real Estate Agents in Illinois and the Top Producing Agent at Baird & Warner NW Suburban.

If your property is currently listed for sale with another realtor, please disregard this mailing.

This newsletter is edited by Shaunna Burhop and designed by Adam Moroschan (adammoroschan.com)

PUT YOUR HGTV SKILLS TO WORK 3232 N Walker Ln W, Arlington Heights COMING SOON