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A Balancing Act G reetings, Our Chicago real estate market is performing similarly to many other areas across the country. As temperatures have cooled, so has housing. A balancing market trend has been emerging since late summer and will likely persist across many segments throughout 2019. Prices are still rising slightly in some areas, and the number of homes for sale is hovering at historic lows, but we are seeing a general tightening in year-over-year percentage increases among key indicators, including closed sales volume and prices. A balanced market means neither sellers nor buyers hold clear leverage in contract negotiations. There are seasonal issues at play, but come spring, properly positioning and pricing homes will be essential to avoiding prolonged market times and compromised sales outcomes. I have shared this counsel with many of my clients and have been working with a few on preparing their homes for sale months in advance through decluttering and improvement projects. These investments are necessary to effectively compete for buyer eyes and dollars in this HGTV-centric housing environment where turnkey is expected and rewarded. Principled in Luxury One of the best decisions I have made in my real estate career was my affiliation with Jameson Sotheby’s. I respect the brand and people and appreciate their commitment to luxury as an uncompromising level of service reflects my own philosophy. Employing consistent principles produces great results. 2018 has been a stellar year for the company and my business. Jameson Sotheby’s is the undisputed leader in luxury*: • #1 Luxury Market Share • #1 Luxury Listing Brokerage • #1 Average Production per Producing Agent *Broker Metrics by MRED Nov. 2017 through Sept. 2018 In 2018, I have doubled my transaction volume and have grown my dollar sales 124% over year prior while achieving an average 97% ratio of list price to closed sales price. Of equal importance, I have forged new relationships with clients and have delighted many with exceptional service and results. Great businesses are centered on great relationships. The photo above demonstrates this point. This is the second time I have worked with Erica Willert of Dielmann Sotheby’s International Realty in St. Louis in the service of a client. Her service has been exemplary. Cultivating personal relationships with agents who embrace this luxury-service mindset is the power of our Sotheby’s network in action. As always, I welcome the opportunity to serve you with any of your real estate needs or questions. All my best, Cadey CADEY O’LEARY 773.710.4202 [email protected] https://www.facebook.com/cadeyolearycollection/ instagram: cadeyolearycollection CadeyOLearyCollection.com Please visit my web site for additional information and other resources. Coming Soon: 39 Portland Place, St. Louis, MO (Personally referred seller to Erica Willert, Dielmann Sotheby’s)
