Tim's 4 Pts Real Estate Bullet Points: Thru Jan '12

Four Points (River North) Area Market Bullet Points

February 2012

· Closings were down about 30% from last January. This is a bit misleading as Jan and Feb, last year, were abnormally great months. (see chart)

· Inventory is as low as it has been since 2006 (see chart)

· Steiner Ranch continues to be the driving community in the area with higher price point communities trailing

· The number of showings for homes in all price ranges was substantially up from last year and was on par for showings of late spring. MOREOVER, we are getting calls from agents with buyers requesting to see homes that have yet to hit the market. This is something we have not seen since before the market fell. We shall see if this turns into February to spring sales. (extremely encouraging)

· We have seen stability in the market since late November, corresponding to the stock market. As noted previously, our area market tends to mirror the stock market.

· With abnormally low inventory and abnormally high traffic, the atmosphere for a strong spring is extremely encouraging…..

CLICK HERE for River North (Four Points) Area Market Report