March 2024 Real Estate Newsletter by The Burhop Group

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LOOKING AHEAD TO SPRING

The spring market is right around the corner! If you are contemplating a purchase or sale at this time of the year or beyond, we’re here for you and happy to help plan your next step. You’ll always move in the right direction with the Burhop Group! Call us today at 847.275.0277.

Northwest Suburbs Market Update

Detached, Single Family

• Median Sales Price: $440,000 +8.7%

• Average Days on Market: 43 -33.8%

• New Listings: 456 +8.1%

• Homes Under Contract: 322 -4.5%

• Absorption Rate: 88.7%

*Statistics

DESIGN TRENDS: Switch up your space!

LOOKING FOR WAYS TO TRANSFORM an empty nest into a dream space that fits better with your current lifestyle? Check out this ex-bedroom turned into a cozy den. I love everything about it and could see myself reading a book here with my morning coffee. Using two oversized chairs (or love seats) instead of a full-sized sofa provides the right scale for smaller rooms and allows flexibility for rearranging in the future. Adding in a combination of small round side tables keeps the space casual, light and airy. Stacking metal frames adds symmetry and balance, and lets you display a rotating gallery of your own: consider framing artwork from your kids or grandkids, or even special letters or postcards you’ve saved and treasure. You can also tear out cool images from coffee table books or magazines and pair them with museum-style mats to elevate the look. Lastly, an oversized wire or basket-weave lamp combined with a dimmable bulb helps to add in drama, style, and function— large-scale lighting can work to visually ‘lower’ arched or high ceilings and create that cozy feeling you’ll want all year long. n — Shaunna Burhop

Attached, Condos + Townhomes

• Median Sales Price: $250,000 +8.7%

• Average Days on Market: 37 -15.9%

• New Listings: 355 +23.7%

• Homes Under Contract: 297 +10.4%

• Absorption Rate: 124.3%

Events

Don’t miss our drive-through FREE SHRED EVENT in our office parking lot. We’ll take your boxes or bags of paper right out of your car, and all items are securely shredded on site. Food pantry donations will always be appreciated, but not required.

/ 8:30–11:30am in the B&W parking lot located at 210 W. Northwest Highway, Arlington Heights.

FOLLOW SHAUNNABURHOPREALESTATE ON INSTAGRAM FOR MORE NEWS & EVENTS! 210 W. Northwest Highway Arlington Heights, Illinois 60004 INSIDE: Featured listings, market & design news, fun local events and more!
/ THEBURHOPGROUP.COM
MARCH 2024 NEWSLETTER
to February
Figures from MRED LLC. Info Sparks.
February 2024 v. 2023; (+) or (-) indicates change between the month of February 2024 compared
2023.
EMPTY NEST NO MORE! This space went from unused bedroom to a super cozy, Netflix-friendly TV lounge and den. Find similar “chair-and-a-half” options at crateandbarrel.com. Photo courtesy lightingdesign.com 
Shaunna Burhop of The Burhop Group.
06 APR
Upcoming

<< WHEN IT COMES TO DOWNSIZING, LESS IS MORE! It’s never too early to start planning for a future move, and we can help! We will be hosting another “Less is More” seminar in the near future— call, email, or follow us on social media to stay up to date on future session dates.

DOWNSIZING AND RETIRING:

Make room for a new future

WHERE TO BEGIN ORGANIZING or decluttering a lifetime’s worth of possessions may seem like a daunting task. But after years of seeing many clients struggle with the process of downsizing, moving during a time of transition into a smaller home or retirement destination, or trying to manage a family estate after the loss of a loved one—we saw a need to encourage an early and proactive approach and develop solutions to help.

In 2023 we created a seminar “Less is More” where attendees are asked thoughtprovoking questions and given a package of curated tips, tricks, and resources to help them take a systematic approach to a lifestyle move. Be on the lookout for future Less is More session dates; but in the meantime, if you or a loved one are starting to consider downsizing and want to get a jump on tackling the physical “stuff” that’s accumulated—keep yourself from getting overwhelmed by breaking the work down into smaller tasks:

1. Make a list of all your spaces (email us for our worksheet!).

2. Assign each space a day on your calendar.

3. Start with an easy space (for example, try the linen closet first instead of a bedoom).

4. Next, try a surface purge, tackling the counter and furniture tops first.

5. Use boxes to sort and organize and use varying colored Post-it notes such as KEEP, SELL, GIVE TO______, RECYCLE, AND TOSS.

6. Toss anything expired, stained, or broken.

7. Check resources such as earth911.com for ideas on how and where to recycle various items.

7. Take breaks and reward yourself after each room is completed!

We can also help you understand the financial impact of a move; researching maintenance-free housing options in our area, and the timeline required to pull it all off. We can also connect you with trusted agents in other locations. Don’t feel daunted—visit TheBurhopGroup.com to find additional donations and recycling centers or to contact us for resources specific to your needs. n — S.B.

For more information, please email me at shaunna.burhop@bairdwarner.com.

CALL US FOR A FREE CUSTOM VALUE REPORT FOR YOUR HOME. Whether you are ready to make a move or just want to understand its current value, we’re happy to answer your questions. Call us today at 847.275.0277.

If your property is currently listed, please disregard this solicitation. Information provided is not guaranteed and subject to change and withdrawal without notice.

Featured Homes

Call us at 847.275.0277 for more information on these listings, or to set up a custom search just for you!

INCREDIBLE OPPORTUNITY

51 S. KERWOOD, PALATINE

JUST LISTED: $289,900

ACTIVE SENIOR LIVING

11695 WEMBLEY DR., HUNTLEY

JUST LISTED: $300,000

YOUR HOME COULD BE HERE!

We have buyers looking for all types of homes! Call us today to learn more about the advantages of listing with us.

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