About Me

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Park Ridge, Illinois, United States
Gerard Scheffler has been very actively involved in the real estate profession for over seven years. In 2005, immediately after receiving his Broker’s License, he established his first Chicago based brokerage company. The company turned out to be very successful with hundreds of satisfied customers and millions of dollars in closed real estate transactions. Over the years, Gerard has developed a network of returning customers who always refer his services to their family and friends. He is presently a managing broker at Home Gallery Realty brokerage firm specializing in default and distressed property sales. Regardless of his professional development and success, Gerard is constantly looking for ways to improve his skills as well as build his company image and reputation. He is very hardworking and aggressive when it comes to representing his customers ‘ real estate needs and doing his job right. He will work with you to ensure that your property is sold for the highest price possible in the shortest amount of time with the least amount of inconvenience to you. Area of service includes Cook, DuPage, Kane, Lake and Mchenry County in the State of Illinois.

Saturday, September 15, 2012

Chicago area home sales rise nearly 27% in August

Chicago area home sales rise nearly 27% in August

Home sales in the Chicago area sped up last month with 9,145 units sold, up nearly 27% from year ago levels, RE/MAX said Wednesday.

For the second month in a row, foreclosures and short-sales represented a larger share of all Chicago homes sales. Distressed sales in August accounted for 37.5% of all transactions, up from 36.4% a year ago and 36.1% in July, RE/MAX said.

The pace of sales in Chicago's seven-county region ticked up with properties spending only 139 days on the market, compared to 165 days in August of 2011. This is the fastest sales pace since December 2007.

"It indicates that the market is being brought back into balance,” said Laura Ortoleva, a spokesperson for the RE/MAX Northern Illinois real estate network.

Homes sold in the metro-Chicago area in August had a median price of $170,000, down 4.4% from a year earlier.

Posted by kpanchuk on 9/14/12 at 3:38pm Source: housingwire.com

 

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