Houses sold in Glencoe (August 2011)

You earned it. You bought it. You loved it. Now you want to sell your Glencoe home.

What does the future hold for Glencoe real estate?

Only this …

You can’t change the past.

Or predict the future.

You can only deal with the present.

I know this isn’t the answer you were looking for.

But if I told you anything else — like real estate is about to explode and prices will skyrocket through the roof — you wouldn’t believe me.

I could tell you to sell now by arguing the market will get even worse next year.

But I really don’t know what the market will be like next week much less 12 months from now.

I could tell you to wait until the market bounces back.

But I don’t know when it’ll bounce back. Or bottom out. Or how fast … or slow … the recovery will be when it finally happens.

This I do know.

When the market reaches bottom, it could take less than 10 years to regain the top. Or more than 30 years. Or anything in between.

#	Street	Original List Price	Sold Price	Ratio Sold to List	Market Time
251	Sylvan	$569,000	$534,500 (S)	94%	30
270	Mary	$550,000	$555,000	101%	338
321	Greenwood	$615,000	$560,000	91%	13
27	Crescent	$595,000	$575,000	97%	1
763	Ivy	$749,000	$620,000 (S)	83%	273
1070	Julia	$979,000	$850,000	87%	115
1105	Linda	$1,279,000	$990,000	77%	478
484	Park	$1,089,000	$997,500	92%	12
120	Rockgate	$1,199,000	$1,075,000	90%	42
910	Vernon	$1,325,000	$1,125,000 (F)	85%	189
210	Park	$2,195,000	$1,731,000	79%	110
200	Old Green Bay	$2,750,000	$1,900,000	69%	141
110	Wentworth	$3,750,000	$3,100,000	83%	149

(S) – Short Sale(F) – Foreclosure

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.