Over $145 million sold and over 390 happy homeowners Shaunna Burhop | Baird & Warner Real Estate Broker 210 W. Northwest Highway, Arlington Heights, Illinois 60004
August 2021 Newsletter
Summer is in full swing!
But, it’s also traditionally a time when markets slow while buyers focus on vacation and other outdoor activities. If you’re a buyer or seller wondering how that may impact your plans, I’ve got some advice and insider information that may help you decide. Call or text me at 847.275.0277 today.
Market Update NORTHWEST SUBURBS* Detached, Single Family • Median Sales Price: $425,000 +20% • Average Days on Market: 34 -70% • New Listings: 1369 +6.7% • Showings per Listing: 12.1 +19.8% • Homes Under Contract: 750 -14.8% Attached, Condos + Townhomes • Median Sales Price: $212,000 +14.6% • Average Days on Market: 37 -47.9% • New Listings: 878 +14.2% • Showings per Listing: 9 +34.3% • Homes Under Contract: 544 +11.9% *Statistics June 2021 v. 2020; (+) or (-) indicates change between the month of June 2021 compared to June 2020; Figures from MRED LLC. Info Sparks and reflect the impact of 2020 Covid restrictions.
Calendar SAVE THE DATE: Sunday Sept. 12th, from 10am– 3pm, when we sponsor the Revive Handmade Market in the B&W parking lot. Come support local makers and follow me for all the details!
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: Oh, Those Summer Nights!
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ake those perfect summer nights last by lighting up your yard. And instead of using typical string lights, create a more magical space by mixing various types of outdoor lighting. I love how my client’s home (top right) used uplighting to highlight the larger trees, hung solar lanterns throughout the lower branches, and sprinkled in solar ground lighting in the landscape beds. An ivy espalier, twinkling on the chimney with miniature white bulbs, adds even more depth to the design. Get that perfect warm summer glow on your own patio by adding battery-operated lanterns or a gas fire pit—making it easy to extend the warmth and ambiance well past the summer season. n
Get the Look When the sun goes down, the party has just begun with these easy, eco-friendly updates that will turn your patio into the neighborhood afterhours hotspot.
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1 / Bonfire Fire Pit, $255 at solostove.com 2 / Market Globe Solar Lanterns, $59 ea. at potterybarn.com 3 / Solvinden LED Ground Stake, $9 ea. at IKEA.com.
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STAGING + SELLING | SEARCHING + INVESTING | RENOVATIONS + DESIGN | RELOCATION + RETIREMENT | SENIOR LIVING + ESTATES
< Experts predict that our ongoing home inventory shortage should improve later in the year, giving buyers more choices.
August 2021 Newsletter 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.
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SOURCE: Realtor.com
MID-YEAR OUTLOOK: What to Expect
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he pace of showings declined 19% between June and July, and while it’s typical to see less activity in the summer, record-setting sales earlier in the year make it feel more dramatic. This leaves us wondering if this is our typical summer slow down or a trend expected to continue the rest of the year and beyond. Throughout July we saw showings per home decline, market times tick up slightly, and more homes on the market. Personally I feel buyers are distracted; The factors everyone is out enjoying themselves, making up for the lost summer of 2020, and taking a breather from the fast and furious pace of today are quite the market. I’ve heard the term “buyer fatigue” starting to creep different than into the news, and also starting to hear questions about a housing in the early bubble. Our current climb in prices reflects strong demand and tight 2000s. supply helped by record low interest rates. The factors today are quite different than in the early 2000s, particularly in terms of credit availability. And while experts are not predicting a bubble, they do expect prices to stabilize moving forward. So what’s the bottom line? If you’re a seller, there’s still time to take advantage of strong demand and lower than normal competition; use the summer to finish up last minute projects and be ready for the fall market. If you’re a buyer, go ahead enjoy the summer— when you’re ready to get back to it there should be more homes to pick from this fall. n
FEATURED LISTINGS:
RESORT STYLE LIVING 3035 N Huntington, Arlington Heights $559,900
PHOTO CREDITS OPPOSITE PAGE (patio at night): VHT STUDIOS / vht.com
IVY HILL BEAUTY 1215 E Valley, Arlington Heights $534,900
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 also the Top Producing Agent at Baird & Warner NW Suburban. For more information on current listings, or to list your own home, call Shaunna 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. This newsletter is edited by Shaunna Burhop and designed by Adam Moroschan (adammoroschan.com)
AROUND TOWN:
Did you know that you can rent a kayak at Lake Arlington? Current rates are only $10 an hour for a single and $15 an hour for a tandem. They also rent paddle and sail boats and stand up paddle boards and offer lessons. Get out there and enjoy summer on the water close to home! n
NICE SHOT / It was so great to be back out playing and supporting the Buffalo Grove High School Boosters in this year’s golf tournament.
RARE RANCH TOWNHOME 1635 Courtland, Arlington Heights COMING SOON