I wanted to shed some light on real estate trends in the neighborhoods surrounding where I live of Bucktown, Wicker Park, Ukrainian Village and Noble Square. It is easy to get caught up in the real estate news du jour, but let's step back and see how these neighborhoods have performed over broader periods of time.
First, the valuations over the last 10 years. This chart really highlights why real estate typically isn't a short term investment. In fact, if you bought 10 years ago, values are still above 2001 pricing.
Now the 5 year valuation overlook. This is the one that's a bit scary. But the trends aren't too different than what happened all over the country, unfortunately.
Finally the 1 year overview. It is nice to see things begin to level off, especially in the Noble Square and Wicker Park neighborhoods.
If you'd like to see more charts, please visit this Local Info tab on Zillow. Or visit this link if you'd like to learn how to embed local charts in your blog.
In case you haven't heard, this Summer Inman News has been traveling around the country doing day long seminars called Agent ReBoot. They market it as "will equip agents with the latest in business development, technology and marketing skills to help them be more successful." This week is their nineth event out of twelve, and it's in Chicago!
Why am I so excited about this event in particular? First, it's in Chicago! Secondly, a local agent whose
marketing strategies and business practices I really admire is speaking, Andrea Geller, broker associate for Sudler Sotheby's.
Andrea will be on a panel with David Black of SocialMadeSimple, a social media marketing platform designed for real estate and mortgage professionals, and Greg Meyer of Gist, a contact management toolthat pools information from a variety of sources. Inman did a piece on Andrea here.
I've seen a couple promo codes floating around the web, if anyone is interested in attend ReBoot this week. One was for $20 off use code 'TWITTER'. And if you use the promo code ‘FRIEND', if i friend signs up with you, they get half off thier ticket.
Hope to see other Chicagolandians (okay, I made that word up) there!
Ever hear the question "But Zillow says..."? Maybe once or twice? We at Zillow have put together a program that we are
hosting in cities across the US to help you better respond to this and learn how to fully utilize all that Zillow has to offer real estate professionals.
Spencer Rascoff recently delivered the program in San Francisco (here is his review of the event). And next on the schedule is Seattle, Bellevue, and Houston. As we add more cities, I'll make sure to blog and www.twitter.com/sbonert about them.
To learn more and RSVP:
Bellevue, WA March 11th - http://zillowbellevue.eventbrite.com/
Seatlle, WA March 12th - http://zillowseattle.eventbrite.com/
Houston, TX March 30th - http://zillowhouston.eventbrite.com/
Program topics:
Light refreshments will be served.
Please stop by and meet Spencer Rascoff, the COO of Zillow. He'll be hosting an educational event where
real estate professionals can come learn more about Zestimates and how to use Zillow in their business.
The event is free and coffee and light refreshments will be served.
Please click here to RSVP and learn more about the event.
What: Zillow A to Z: From Advertising to Zestimates, Learn How to Make Zillow Work for You
When: Thursday, February 25, 2010 from 8:30 AM - 10:00 AM (PT)
Where: Hilton San Francisco (Union Square) Room: Yosemite C on the Ballroom Level
I have two rental properties in Florida. Needless to say, it has been a tough 3 years for us. One property is furnished and can be rented short term. In 2009 it had the absolute worst rental history. There were months when it wasn't even rented for a single night, which had never happened in the 6 years I've owned it.
In December Zillow announced that we were adding Rentals to the site. I figured I could give up 3 days of Starbucks in exchange for paying $9.95 to advertise the property on the site for 6 months. On January 3rd, I added the Rental Unit to the site. I am happy (and SO relieved) to say that I just got a call from my property management company, and I now have a Renter in the unit through May 17th. I have never had someone rent the unit for that long of a term.
Thank you Zillow!
Because the Rental search on the site is so new, Rentals aren't something that we are known for yet. However, the I think the landlords who are getting on the site now are benefitting from being some of the first few listings. If you do a search for Rentals in Ft Walton Beach, FL, where my unit is located, mine is the only one that shows up.
Warning, shameless property plug coming...
If you ever vacation in the Ft. Walton Beach/Destin area and want a waterfront, affordable place to stay that has a pool, Internet, and kitchenette- please consider my furnished vacation rental unit.
A real estate blog about buying, selling and all the stuff in between! I work for Zillow and am happy to answer any questions you have about the site.
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