Market Time for Homes Was the Lowest in More Than a Decade in Metro Chicago During 3rd Quarter, RE/MAX Reports; Prices Rose 4.8 Percent

According to an analysis by RE/MAX Northern Illinois, homes sold during the third quarter averaged 68 days on the market, the lowest for any quarter since RE/MAX began tracking that statistic in 2005. - October 18, 2017

Buyer Feedback, a Vital Tool That Often Helps Home Sellers Fine Tune Appeal of Their Property, RE/MAX Reports

After a real estate broker lists a home for sale, a prime responsibility is learning what prospective buyers think of the property after visiting it. Gathering this information isn’t always easy, but it can be vital to selling the property. Buyers and their brokers often look at many homes... - October 12, 2017

Metro Chicago Real Estate Market Saw Faster Sales of Fewer Homes in August, While Median Price Continued to Climb, RE/MAX Reports

August home sales in the metropolitan Chicago real estate market continued to show the impact of a limited supply of property listings. Compared to August 2016, total sales fell 2.5 percent to 11,505 units, the median sales price climbed 3.5 percent to $240,000, and the inventory of homes for sale was down 7.8 percent to 34,619 units. - September 21, 2017

Coya Smith Returns to RE/MAX, Acquires Western Springs Office

Coya J. Smith, one of the leading real estate brokers in Chicago’s western suburbs, has acquired the existing RE/MAX Properties franchise in Western Springs, Ill. Smith’s return to RE/MAX, after operating her own successful independent brokerage for the last nine years, was announced by... - September 15, 2017

Cardoso Becomes Sole Owner of RE/MAX Countryside in Hoffman Estates

Sergio Cardoso has become sole owner of RE/MAX Countryside in Hoffman Estates, Ill., purchasing the ownership interest of his former partner Enrique Aguilar. The ownership change, which became official on Aug. 12, was announced by Jack Kreider, executive vice president and regional director of the... - August 26, 2017

RE/MAX Hot Air Balloon Visits Westwood Elementary in Woodstock, Ill., Offering an Exciting, Interactive Educational Experience on Aug. 23

Students at Westwood Elementary School in Woodstock, Ill., will enjoy a visit from the RE/MAX Hot Air Balloon and its crew on Aug. 23, who will present an interactive educational program. - August 20, 2017

July Results in Metro Chicago Housing Market Reflect Lack of Listings: Sales Declined While Homes Sold Faster and at Higher Prices, RE/MAX Reports

Activity in the metropolitan Chicago housing market during July reflected the impact of a dwindling supply of homes for sale. Compared to July of last year, closed sales fell 3.5 percent to 11,210 units, while the median sales price gained 4.2 percent to $250,000. Average market time for those... - August 19, 2017

RE/MAX NEXT Marks Grand Opening, Sets Sights on Opportunities Offered by Booming West Loop/Fulton Market District

RE/MAX NEXT marked its grand opening on July 14 with a celebration in its office at 1046 W. Kinzie St. in Chicago's West Loop. - August 12, 2017

To Fix or Not to Fix Home Flaws When Listing? That is Every Seller’s Question, and RE/MAX Brokers Offer Advice.

With few exceptions, homeowners preparing to sell must confront the reality that their home has a few flaws, and some homes have many more than others. The perennial question, notes Jack Kreider, executive vice president of RE/MAX Northern Illinois, is which flaws to fix and which, if any, to let... - August 11, 2017

RE/MAX Luxury Report on Metro Chicago Real Estate: 2nd Quarter Sales Volume Up for $1 Million-Plus Homes, But so Was Unsold Inventory and Market Time

Sales of luxury homes increased in the metropolitan Chicago area during the second quarter of 2017 as the suburban luxury market showed signs of improvement, while the city market appeared to soften somewhat, according to the RE/MAX Luxury Report on Metro Chicago Real Estate. After rising 31... - August 02, 2017

Rockford-Based RE/MAX Group Acquires Byron Franchise

The RE/MAX Professional Advantage office in Byron, Ill., has been added to the brokerage group led by Tom Humpal that includes RE/MAX Property Source in Rockford and Belvidere, Ill., and RE/MAX Hub City in Rochelle, Ill. Headquarters are at the Rockford office. The nine brokers in the Byron office... - July 29, 2017

RE/MAX NEXT Will Hold Grand Opening Celebration at Its West Loop Office on July 14

RE/MAX NEXT, Chicago’s newest RE/MAX franchise, will host a grand opening celebration for its office at 1046 W. Kinzie St., Suite 301, from 6 to 9 p.m. on July 14. Joining broker/owners Mike Opyd and Rafay Qamar will be a cross section of real estate industry peers. Those interested in... - July 14, 2017

Chicago Housing Market Delivers Upbeat May Results Despite Continued Decline in Inventory of Homes for Sale, RE/MAX Reports

Home sales in the metropolitan Chicago area continued to deliver upbeat results in May despite a continuing decline in inventory levels, RE/MAX reports. Comparing results for the month with those a year earlier, sales transactions rose 6.2 percent to 12,337 units, the median sales price climbed 6... - June 16, 2017

RE/MAX Northern Illinois Salutes New Members of Its Pioneer Club, Celebrating 25 Years with Real Estate Brokerage Network

RE/MAX recently welcomed 34 brokers in its northern Illinois real estate network to its Pioneer Club, which recognizes those affiliates who have reached their 25th anniversary with the RE/MAX network. Because real estate professionals typically work for several brokerages over the course of their... - May 27, 2017

Calomino Named to Key Marketing Post by RE/MAX Northern Illinois

RE/MAX Northern Illinois, the real estate leader, recently announced that Chris Calomino has joined the company as Marketing Communications Manager. - May 18, 2017

New Owner Has Extensive Plans for RE/MAX 1st of Elmhurst

RE/MAX Northern Illinois has announced that RE/MAX 1st, its franchised office in Elmhurst, Ill., has been acquired by real estate broker and investor Surinder Chandi of Toronto, Canada. - May 11, 2017

27 RE/MAX Firms in Northern Illinois Ranked Among Nation’s Most Successful Residential Brokerages in 2016 by REAL Trends

Twenty-seven RE/MAX brokerage firms operating 60 offices in northern Illinois were recognized by REAL Trends magazine in its annual analysis of the nation’s largest residential real estate firms. - May 10, 2017

RE/MAX Notes Five Key Questions Sellers Often Forget to Ask When Choosing a Broker to Sell Their Home

When it’s time to sell their home, most Americans have their eye on the bottom line. RE/MAX brokers say sellers want to know, first and foremost, how much their home is worth, what commission the broker will charge and how much they might have to spend to get the home ready to... - May 06, 2017

RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Home Sales Start 2017 with Strong First-Quarter Showing

Luxury home sales in the metropolitan Chicago area are off to a strong start in 2017, with first-quarter activity up 31.1 percent from the same quarter of 2016, according to the RE/MAX Luxury Report on Metro Chicago Real Estate. It represents the highest level of first-quarter $1-million-plus sales... - May 02, 2017

RE/MAX NEXT Debuts in Chicago’s Hot West Loop Market

RE/MAX Northern Illinois has announced that its newest Chicago franchise has opened in the hot West Loop market. Founded by two young real estate professionals with strong track records, RE/MAX NEXT, is headquartered at 1046 W. Kinzie St. The leaders of the new office are Michael Opyd, who will... - April 29, 2017

RE/MAX All Pro Marks Move to Downtown St. Charles with Grand Opening Celebration

RE/MAX All Pro marked the debut of its new downtown St. Charles location with a grand opening celebration on April 6. The new 5,800-square-foot office is located at 505 W. Main St. - April 26, 2017

RE/MAX Northern Illinois Marks Its 40th Anniversary by Presenting Special Honor to Broker Dennis Sluga, Who Opened First RE/MAX Office in Illinois

In 1977, RE/MAX came to Illinois when Dennis Sluga opened a RE/MAX franchise in Elmhurst. This year, the RE/MAX Northern Illinois network is celebrating its 40th anniversary, and Sluga, who has been along for every step of that journey, was honored for his 40 years of dedication to the RE/MAX brand. - April 26, 2017

"Above the Crowd!" Award Goes to Angie Palazzolo of RE/MAX Destiny, Chad and Sarah Gilbert of RE/MAX Suburban

Chad and Sarah Gilbert, owners of RE/MAX Suburban, and Angie Palazzolo, broker/owner of RE/MAX Destiny, recently were honored by RE/MAX Northern Illinois with its 2016 “Above the Crowd!” Award presented during its 40th Annual Awards Ceremony at Navy Pier. - April 23, 2017

Chicago-Area Housing Market Soared in March as Home Sales Shook Off First Quarter’s Slow Start, RE/MAX Reports

Chicago-area home sales soared in March, and home values continued to advance as the residential real estate market closed the first quarter of 2017 on an extremely positive note, RE/MAX reports. - April 14, 2017

RE/MAX Honors Two as Outstanding Administrative Professionals of 2016; Winners Work with Brokerages in Oak Park, Plainfield/Shorewood

The RE/MAX Northern Illinois real estate network recently presented its Administrative Professional of the Year award for 2016 to two women whose day-to-day efforts have made major contributions to the continued success of the offices in which they work. They are Barb Kurz, who manages the RE/MAX... - April 13, 2017

2016 Distinguished Service Award Presented to Allen Snyder, Founder of RE/MAX Partners, Berwyn

Allen Snyder, broker/owner of RE/MAX Partners in Berwyn, Ill., recently received the Distinguished Service Award from RE/MAX Northern Illinois. - April 07, 2017

Paul Wells Honored as 2016 RE/MAX Northern Illinois Multi-Office Broker/Owner of the Year; Operates 2 Barrington-Area Offices

Paul Wells recently was named Multi-Office Broker/Owner of the Year by RE/MAX Northern Illinois. Wells is the broker/owner of RE/MAX NOW in Lake Barrington, Ill., and RE/MAX of Barrington in Barrington, Ill. - April 05, 2017

RE/MAX Northern Illinois Honors Dale Taylor of Its New Lenox Office as 2016 Humanitarian of the Year

Dale Taylor of RE/MAX 10, New Lenox, Ill., was recently honored by RE/MAX Northern Illinois as its 2016 Humanitarian of the Year for his work in aiding the homeless. Taylor, a RE/MAX agent since 1995 and resident of Frankfort, Ill., was praised for his efforts over the last 11 years with South Suburban PADS, an organization providing emergency shelter and a range of related services to aid the homeless. - March 29, 2017

RE/MAX Honors Two as 2016 Trendsetters: Tim Binning of RE/MAX All Pro and Kathy Dames of RE/MAX Ultimate Professionals

Tim Binning, broker/owner of RE/MAX All Pro in Bloomingdale, St. Charles and Sugar Grove, Ill., and Kathy Dames, broker/owner of RE/MAX Ultimate Professionals in Plainfield and Shorewood, Ill., shared the 2016 RE/MAX Northern Illinois Trendsetter Award. The honors were presented at the recent 40th... - March 29, 2017

Limited Inventory Helped Home Values Maintain Upward Momentum Across Metro Chicago in February, RE/MAX Reports

Chicago-area home values took another big step upwards in February, with the median sales price reaching $212,430, up 12.4 percent when compared to the same month last year, RE/MAX reports. That followed a 10 percent increase in January. “The median sales price in February was the highest... - March 23, 2017

RE/MAX Northern Illinois Salutes Brokers from Barrington, Chicago, Elgin and Naperville as 2016 Rising Stars

Four young brokers who enjoyed remarkable success during their first full year in real estate sales were saluted by RE/MAX Northern Illinois as 2016 Rising Stars during its 40th Annual Awards Ceremony held last month at Navy Pier. Rising Star honors are given each year to RE/MAX broker associates... - March 23, 2017

RE/MAX Northern Illinois Names Brokers and Teams That Led Region in Commercial Real Estate Sales During 2016

RE/MAX recently named its leading commercial real estate sales teams and individuals in northern Illinois for 2016. A team from Orland Park and a broker from Roselle earn top spots. - March 15, 2017

RE/MAX Names Northern Illinois Residential Top 20 Brokers and Teams for 2016: Lake Bluff Team and Hinsdale Broker Earn Top Spots Again

The RE/MAX Northern Illinois real estate network recently honored its associates whose 2016 residential sales achievements earned them coveted spots in its year-end Residential Top 20. A team from Lake Bluff and a broker from Hinsdale earned the coveted No. 1 rankings. Each year, the network gives... - March 10, 2017

Ronald Ewing of RE/MAX Horizon, Elgin, Named 2016 Single-Office Broker/Owner of the Year in Northern Illinois

Ronald Ewing of RE/MAX Horizon in Elgin, Ill., recently was named the 2016 Single-Office Broker/Owner of the Year by RE/MAX Northern Illinois. - March 10, 2017

RE/MAX Northern Illinois Honors Its Network Members Who Helped Raise $184 Million for Children’s Miracle Network Hospitals in 2016

The RE/MAX Northern Illinois real estate network raised nearly $184,000 for Children's Miracle Network Hospitals in 2016. - March 01, 2017

RE/MAX Northern Illinois Real Estate Network, Marking 40th Anniversary, Reports Its 2016 Sales Volume Topped $9 Billion as Growth Continued

Sales volume generated by RE/MAX Northern Illinois brokers registered another solid increase in 2016. Total sales volume for the year was $9.36 billion, an 8 percent increase over the 2015 total. - February 27, 2017

Median Home Sales Price in Metro Chicago Rose 10% in January; Inventory Level Continued to Fall, RE/MAX Reports

The Chicago area housing market began 2017 much as it ended 2016, with a limited inventory contributing to a steady rise in the median sales price. January saw 6,127 homes sales completed in the seven-county metro area, 1.8 percent more than the same month of 2016 and the most in January since 2006. - February 17, 2017

Navy Pier Gala Complete with Fireworks on Tap to Mark 40th Anniversary of RE/MAX Northern Illinois Network

The RE/MAX Northern Illinois real estate network will celebrate its 40th anniversary on Feb. 17 in the Grand Ballroom at Navy Pier with a gala dinner for 800 guests, its annual awards presentation and a spectacular fireworks show. - February 14, 2017

Chicago-Area Home Sales Continued to Strengthen in 2016 Despite Limited Inventory, RE/MAX Reports

The Chicago-area housing market continued to strengthen in 2016, according to a year-end sales analysis by RE/MAX. Home sales in the seven-county metro area totaled 114,569 units, 4.5 percent more than in 2015 and the most sold in any year since 2006 when 117,503 units changed hands. However, sales... - January 18, 2017

Top Broker Rebecca Hazzard Now New Owner at RE/MAX of Rock Valley in Oregon, Ill.

RE/MAX of Rock Valley, the RE/MAX franchise in Oregon, Ill., is now under new ownership. Rebecca Hazzard, a leading broker in the office, has acquired the franchise from Judy Aurand and Carla Benesh, who founded the office in 2003. - January 14, 2017

Choosing Appropriate List Price a Key Step to Successful Home Sale; RE/MAX Brokers Offer Advice on Getting It Right

When a home is put up for sale, many factors influence the results, and the price at which the property is first listed is among the most important. Choosing the right list price for a home can be a complex process, and a key objective is to balance the probable market value of the home with the current market conditions. - December 01, 2016

Dwindling Inventory of Listings Constrained October Home Sales in Metro Chicago Area Even as Pace of Activity and Median Price Increased, RE/MAX Reports

A dwindling inventory of homes for sale continued to shape results in the metro Chicago real estate market during October, RE/MAX reports. Compared to the same month last year, 10 percent fewer homes were for sale in October, helping reduce total homes sales in the seven-county area by 5 percent to... - November 23, 2016

RE/MAX Luxury Report on Metro Chicago Real Estate: Third Quarter Saw High-End Home Sales Gain in Suburbs, Slow in City

Sales in the metro Chicago luxury home market slowed slightly during the third quarter, with city and suburban luxury sales moving in opposite directions. The RE/MAX Luxury Report on Metro Chicago Real Estate reports that 728 properties sold for at least $1 million during the quarter. That compares... - November 04, 2016

Metro Chicago Housing Market Registered 3rd Quarter Gains Despite Drag Created by Limited Inventory of Available Homes, RE/MAX Reports

The metropolitan Chicago housing market continued to show progress during the third quarter of this year, but the forward momentum was slowed by a continuing shortage of homes for sale, RE/MAX reports. Home sales in the seven-county metro area totaled 33,444 units for the quarter, a gain of 1... - November 03, 2016

RE/MAX Broker Luigui Corral Becomes First Hispanic Named to Board of North Shore-Barrington Association of Realtors

Luigui Corral, broker/owner of RE/MAX United in Wheeling and Round Lake Beach, Ill., recently became the first Hispanic member of the board of directors of the North Shore-Barrington Association of Realtors (NSBAR). Corral’s three-year term on the NSBAR board began on Sept. 15. “The... - October 15, 2016

Growing Number of Chicago-Area Homebuyers Must Master Multiple-Offer Situations, RE/MAX Brokers Report

Homebuyers in the metro Chicago real estate market are facing bidding wars thanks to a limited inventory of homes for sale, RE/MAX reports. - October 01, 2016

Metro Chicago Home Sales Activity Rebounded in August, Gaining 8 Percent After Taking a Breather in July, RE/MAX Reports

Home sales in the seven-county metro Chicago real estate market were on the rise again in August, according to RE/MAX. August home sales totaled 11,802 units, up 8 percent from the 10,900 homes sold in August 2015. - September 23, 2016

Faster Sales, Higher Prices, Fewer Transactions Made for Mixed Picture in Metro Chicago Housing Market during July, RE/MAX Reports

A relatively skimpy inventory of homes for sale in July, especially in the attached-home segment of the seven-county metropolitan Chicago real estate market, contributed to mixed results, according to an analysis by RE/MAX. The average time required for a home sold in July to find a buyer fell to... - August 25, 2016

RE/MAX Luxury Report on Metro Chicago Real Estate: High-End Home Sales Rebounded Sharply in Second Quarter of 2016

The metro Chicago luxury home market shook off a lackluster start to 2016 and enjoyed a substantial second-quarter rebound in terms of sales activity. According to the quarterly RE/MAX Luxury Report on Metro Chicago Real Estate, 832 properties sold for at least $1 million during the quarter,... - August 05, 2016

Open Houses Offer Home Shoppers Insights Into Their Own Priorities and the Local Housing Market, Say RE/MAX Brokers

RE/MAX brokers say that open houses offer lots of useful information to homebuyers. - August 04, 2016

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