I think Chicago Lincoln Square is heading into a Seller's Market

Why do I think Chicago's Lincoln Square is heading into a Seller's Market?

Basically, supply and demand are not in balance. We have roughly 45 homes for sale in Lincoln Square right now with a median list price in the low to mid $400K. The 45 homes that are currently on the market are not even the prime Lincoln Square Neighborhood but surrounding extended parts of Lincoln Square.

We have a lot of condominiums but most are roughly below $240K and so there are few 3 bedrooms to choose from and those are pretty desireable.

The buyers are out there but the type of properties that those who are transplanting from another neighborhood in Chicago are move-up buyers.

In 2011, Real Estate Sales were there worst yet, I saw signs going up in the front yards of a lot of Lincoln Square Neighbors that did sell.

It will be interesting to see what happens in sales in Lincoln Square this year but if you are serious about selling, consider getting consultation on ways to appeal to the buyer. When the home appeals, the buyer buys. The inventory is old, stale or not appealing and this is your chance to come out like a shining star on the selling of your home!

I cannot emphasize enough the importance of curb appeal, decluttering, neutralizing, and enhancing as that adds up in the final net selling price for you. the Chicago Lincoln Square Home Seller.