Monday, August 25, 2014

Students at Flinn Middle School in Rockford Await Visit by RE/MAX Hot Air Balloon and Crew on Sept. 10




CHICAGO, Aug. 21, 2014 – The RE/MAX Hot Air Balloon visits Bernard W. Flinn Middle School, 2525 Ohio Pkwy., Rockford, Ill., on Sept. 10 when the balloon crew will present an interactive educational program developed and sponsored by the RE/MAX real estate network in northern Illinois. 

To accommodate all of the more than 1,000 students at Flinn School, the program will be presented three times in the school gymnasium beginning at 9 a.m.  The students will learn about various aspects of ballooning, including its history and the scientific principles involved.  They also will see a demonstration on how the balloon functions.  The 75-foot-tall balloon envelope will be partially inflated with cold air so that students can walk inside it as part of the educational experience.

Also on hand to enhance the occasion will be the RE/MAX Soaring Home Balloon, a special-shape inflatable complete with house, children and pets that has become a crowd favorite since being introduced a few years ago.

The RE/MAX Hot Air Balloon, introduced 36 years ago, is now an internationally recognized corporate symbol, especially in combination with the classic RE/MAX “Above the Crowd!”® slogan.  The balloon appears frequently at festivals, parades and charity events and in the skies of northern Illinois. 

Each year the RE/MAX Hot Air Balloon is involved in numerous educational programs presented by its crew at schools throughout northern Illinois. 

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Thursday, August 21, 2014

RE/MAX Hot Air Balloon Will Offer Students at Ebinger Elementary in Edison Park an Exciting Educational Experience on Sept. 3



CHICAGO, Aug. 18, 2014 – The RE/MAX Hot Air Balloon will visit Christian Ebinger Elementary School, 7350 W. Pratt Ave., in Chicago’s Edison Park neighborhood on Sept. 3.

The 700 students and staff members at the school will not only have a chance to view the balloon at close range and see how it functions, but they will also learn about various aspects of ballooning, including its history and the scientific principles involved.  

The program will begin at 9 a.m. on the school grounds.  The balloon envelope will be inflated with hot air to its full 75-foot height if the program is held outdoors.  If the program needs to be moved indoors due to inclement weather, the envelope will be inflated with cold air so that students can walk inside it as part of the educational experience.

Since its creation 36 years ago, the RE/MAX Hot Air Balloon has become an internationally recognized corporate symbol, especially in combination with the classic RE/MAX “Above the Crowd!”® slogan.  In addition to visiting area schools, the RE/MAX balloon appears frequently at festivals, parades and charity events and in the skies of northern Illinois. 

A “cold-air” version of the RE/MAX Soaring Home Balloon will also be displayed.  A special-shaped inflatable balloon, complete with children and pets, it has become a crowd favorite since being introduced a few years ago.

Each year the RE/MAX Hot Air Balloon is involved in numerous educational programs presented by its crew at schools throughout northern Illinois. 

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Thursday, August 14, 2014

RE/MAX Northern Illinois Brokers Dominate the “America’s Best” Ranking of Illinois Real Estate Professionals


CHICAGO, August 14, 2014 – RE/MAX associates in northern Illinois held a dominant position among Illinois brokers ranked among the 2014 “America’s Best Real Estate Agents.”  These rankings were compiled by REAL Trends, a leading real estate industry publication.

RE/MAX Northern Illinois individual brokers and sales teams held 157 of the 614 spots in the Illinois rankings, or 26 percent of the total.  That is a higher percentage than those affiliated with any other real estate brokerage organization.  A complete list of the northern Illinois RE/MAX brokers and teams in the “America’s Best” ranking is available at http://www.illinoisproperty.com/remaxil/index.asp?p=pagecontent.asp&pid=10716.

Brokers and teams were ranked separately by REAL Trends, both by the number of transactions they closed last year and the dollar volume of those completed sales.  The Illinois rankings for closed transactions included only those teams or individuals who closed at least 50 transactions, while the sales volume ranking was limited to brokers or teams with at least $20 million in sales.

A distinguished group of RE/MAX brokers and teams qualified in both the transaction and sales volume rankings.

“The fact that more RE/MAX Northern Illinois agents made the America’s Best list than any other group of agents in the entire state of Illinois is a tribute to the caliber, experience, diversity and dedication of our network and their ability to meet the real estate needs of the public,” said Brian Reagan, president of RE/MAX Northern Illinois. 

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Tuesday, August 12, 2014

RE/MAX Center Plans 4th Annual Michelle Radke Benefit on Aug. 24 in Grayslake to Aid Lurie Children’s Hospital


CHICAGO, Aug. 12, 2014 – The 4th Annual Michelle Radke Benefit in support of Children’s Miracle Network Hospitals (CMNH) and Lurie Children’s Hospital in Chicago will be held Aug. 24 at the Lake County Fairgrounds, 1060 E. Peterson Road, Grayslake, Ill., starting at 12:30 p.m.  The event is being organized by brokers Donna and Jennifer Radke along with their office, RE/MAX Center of Grayslake, and other local businesses.

The main musical attraction will be Bad Medicine, a Bon Jovi tribute band.  Also sharing the stage will be Pulsebeat, a band consisting of four Chicago-area teenagers, including 12-year-old Matthew Jazwinski, a cardiac patient at Lurie Children’s.  Jazwinski was born with multiple heart defects.  Now an accomplished bassist, he and his band mates frequently entertain at fundraising events for the hospital. 

This year’s benefit will offer fun for all ages.  Adults will enjoy music from several bands, a climbing wall, food and drink.  For the younger set there will be pony rides, face painting and a bouncy house. 

Tickets to the event are $15 for those 20 and over, and $10 for those 13 to 19.  Children will be admitted free.  Tickets can be purchased online at www.4thAnnualMichelleRadkeBenefit.eventbrite.com or at the door. 

The benefit is a highly personal effort by Donna and her daughter, Jennifer, to honor the memory of Michelle, who was Donna’s daughter and Jennifer’s sister. 

Michelle, whose untimely death at 29 resulted from complications of diabetes, was first diagnosed with that disease when she was 2 years old.  She was treated for many years at Milwaukee Children’s Hospital, which is part of CMNH.

“We learned at a personal level what a vital role CMNH plays in supporting families with sick or injured children.  This is our way of lending a hand so that other families receive assistance during those difficult times,” said Donna Radke.

RE/MAX is the exclusive real estate sponsor of CMNH, an organization that provides funds to more than 170 children’s hospitals in the United States and Canada.  All funds raised by RE/MAX in the Chicago area benefit Lurie Children’s.  RE/MAX associates contributed $160,000 to the hospital last year.

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Thursday, August 7, 2014

RE/MAX Brokers See More Empty Nesters in Metro Chicago Real Estate Market Seeking out Urban Amenities When It’s Time to Downsize

                               

CHICAGO, Aug. 7, 2014 -- The U.S. Census Bureau reports that the nation’s urban areas continue to add residents more rapidly than the country as whole.  It’s a trend that includes a wide swath of the population, from young married couples to empty-nesters. 

Bearing out that trend, RE/MAX brokers in Northern Illinois report a growing number of their empty-nester clients are seeking condominiums or single-family homes in downtown Chicago or the downtown areas of the city's close-in suburbs.  Their clients are interested in pedestrian-friendly locations, ones that will let them walk or take public transportation to restaurants, shops and entertainment.

"So many of my empty-nester clients are looking to live in downtown Chicago or places like downtown Glen Ellyn," said Susann Rhoades with RE/MAX Suburban in Wheaton, Ill.  "These clients want a nice home, but they also want that social piece that comes with living in a more urban area.  Their kids are gone.  They want to get out and still have a vibrant social life, and in the Chicago area, there are plenty of urban downtowns that can provide that."

Dave Scott, a broker with RE/MAX Valley, Realtors®, in Roscoe, Ill., said he has helped several empty-nester clients sell their homes and move to areas in or closer to Chicago.

"They've raised their kids and are ready to move on," Scott said. "Their houses are now too large for them to maintain.  They have good equity positions in the homes, and they can use that to help purchase a house or condominium in a more urban area."

Where are Scott's clients moving?  Some are relocating to downtown Chicago, while others are moving to walkable urban downtowns in warmer climes, such as Florida, Texas, Arizona, and even the state of Washington.

Though Rockford is the closest big city to Scott's Roscoe office, none of his clients have moved to downtown Rockford when they downsized.  However, Scott believes this might soon change.  Rockford officials have initiated the Transform Rockford effort.  Their hope is that it will lead to a significant level of business development on the riverfront and in downtown areas, as well as create other incentives to spark economic growth for the region.

"Once the downtown transformation initiatives are further along, I would expect more empty nesters will consider downtown Rockford when they're ready to downsize," Scott said.

Downtown Chicago and its surrounding neighborhoods -- places like the South Loop, Lincoln Square, Gold Coast and West Loop -- are all benefitting today from this trend, according to James Michaels, a broker with RE/MAX Vision 212 in Chicago.

Residents of these communities can walk to a wide variety of restaurants, shops and bars and have ample public transportation options, as well as easy access to the museums, theaters and attractions of downtown Chicago, he explained.

"If you live in one of these neighborhoods, you rarely have to take your car anywhere," Michaels said. "You can walk or take public transportation to get where you need to go.  After their kids move out, many people no longer want to live in a suburban location where they have to drive everywhere.  They also want to experience opportunities that you can only get in an urban setting like the downtown Chicago area."

Rhoades advises empty nesters not to rush into any move, especially one that puts them in a very different type of living situation.

"I suggest empty nesters take their time and look carefully," Rhoades said.  "They need to evaluate their situation thoughtfully.  Living in an urban area can be a big change from a suburban single-family home where they have had their own space and large yard.  I always suggest that clients look at multiple condos before they make a move.  They need to make sure they are going to be comfortable with their surroundings."

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Tuesday, August 5, 2014

Chicago-Area RE/MAX Brokers and Teams Ranked Among “The Thousand” Most Productive in Real Estate Sales

CHICAGO, Aug. 5, 2014 – A distinguished group of RE/MAX brokers and RE/MAX sales teams in the metropolitan Chicago real estate market have been named to REAL Trends’ 2014 “The Thousand.”  This annual ranking, based on prior-year sales achievements, honors 250 brokers nationwide in each of four categories.  The categories are closed transaction sides and closed sales volume for both individual agents and teams.

Jane Lee of RE/MAX Top Performers in Lake Bluff, Ill., and Matt Kombrink of RE/MAX Great American North, St. Charles, Ill., are among the top teams in both categories.  Lee ranked 59th in closed transactions and 62nd in sales volume.  Kombrink ranked 96th in closed transactions and 234th in sales volume.

Also named to the top 250 teams in closed transactions are Linda O’Donnell, RE/MAX Signature, Chicago, who ranked 197th; Ronald Gersch of RE/MAX Realty of Joliet, Joliet, Ill., who ranked 207th, and Marco Amidei of RE/MAX Suburban in Libertyville, Ill., who ranked 223rd.    

Among individual brokers, RE/MAX professionals from the Chicago metro area commanded spots in the top 250 based on closed transaction sides.  Robert Padron, RE/MAX Cityview, Chicago, ranked 81st; Ed Lukasik, Jr., RE/MAX Professionals, Bolingbrook, Ill., ranked 88th;  Steve Malik, RE/MAX Professionals Select, Naperville, Ill., ranked 130th; Adam Stary, RE/MAX Professionals Select, Naperville, ranked 182nd;  Sarah Leonard, RE/MAX Suburban, Schaumburg, Ill., ranked 224th; and Robert O’Hara, RE/MAX Synergy, Flossmoor, Ill., ranked 250th.

“Having so many RE/MAX Northern Illinois brokers named to the REAL Trends 2014 ‘The Thousand’ is indicative of the high caliber of agents we have and continue to attract,” said Brian Reagan, president of RE/MAX Northern Illinois. 

RE/MAX agents across the country claimed 147 of the 1,000 positions.  No other brand held more positions this year. 

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations. 

Thursday, July 31, 2014

RE/MAX Luxury Report on Chicago Real Estate: $1 Million-Plus Homes Selling More Quickly So Far This Year


CHICAGO, July 30, 2014 – The luxury segment of the metropolitan Chicago real estate market experienced relatively steady market conditions during the first half of 2014, with one notable exception.  Luxury homes sold much more quickly in the January-June period than they did in recent years, according to the RE/MAX Luxury Report on Chicago Real Estate, a bimonthly analysis of home sales at $1 million plus. 

The average time on the market for luxury properties sold during the first six months of this year in the seven-county Chicago metropolitan area was 135 days.  That compares to a first-half average of 191 days last year. 

Both the number of luxury properties sold and their median sales prices increased over 2013 results for the first half of the year.  Luxury sales in the seven-county area totaled 939 units, 4 percent more than last year.  The median sales price was $1.35 million, up from $1.32 million a year ago.

Luxury sales completed from January through June this year were strongest in the city.  Sales rose to 442 units from 403 units in 2013, a gain of 10 percent.  The median sales price edged up to $1.4 million from $1.39 million a year ago.

Suburban luxury sales slipped slightly from 500 units last year to 497 this year, and the median sales price rose 4 percent to $1.32 million. 

City Sales

Sales of attached homes (condominiums, townhouses and co-ops) in Chicago priced at or above $1 million totaled 229 units during the first half of this year, 23 percent more sales than the comparable period of 2013.  Average market time shortened to 133 days from 231 days a year earlier.  The median sales price was $1.38 million, compared to $1.4 million a year earlier.

Sales activity increased in each of the three neighborhoods that dominate the luxury-attached market – rising 25 percent in the Loop, 129 percent in Lincoln Park and 7 percent in Near North.  The median sales price was $1.2 million in Lincoln Park and $1.4 million in the Loop and Near North.

In the single-family home (detached) segment, sales in Chicago totaled 213 units during the January-June period, compared to 216 units a year earlier.  The median sales price was $1.4 million, up from $1.37 million last year. 

Three areas dominated the activity in sales of detached luxury homes:  Lincoln Park, where there were 64 sales at a median price of $1.7 million; Lake View, which had 44 sales at a median price of $1.4 million, and North Center, which had 34 sales at a median price of $1.3 million. 

Suburban Sales

Winnetka was the most active suburban luxury market, with 59 homes sold during the first half of this year at a median price of $1.66 million.  Hinsdale and Wilmette were close behind, each with 56 luxury sales.  The median sales price was $1.56 million in Hinsdale and $1.3 million in Wilmette.

Other top suburban luxury markets included Lake Forest with 45 luxury sales at a median of $1.35 million, Glenview with 34 sales at a median of $1.17 million and Glencoe with 33 sales at a median of $1.4 million. 

RE/MAX has been the leader in the northern Illinois real estate market since 1989.  The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,000 sales associates and 100 individually owned and operated RE/MAX offices that provide a full range of residential and commercial brokerage services.  Its mobile real estate app and www.illinoisproperty.com provide comprehensive information about residential and commercial property for sale in the region.  The northern Illinois network is part of RE/MAX, LLC, a global real estate organization with 90,000+ sales associates in 90+ nations.