Single Family Homes
New Listings
551 LONGFELLOW AVE 3 Beds 2 Baths $299,900
638 Timber Hill RD 4 Beds 2.1 Baths $498,900
647 Ambleside DR 4 Beds 2.2 Baths $598,647
780 Marcie CT 5 Beds 3 Baths $649,900
30 SPENCER CT 4 Beds 3.1 Baths $940,000
915 Rosemary TER 5 Beds 3.1 Baths $998,900
1222 Dartmouth LN 5 Beds 4.1 Baths $1,395,000
Under Contract
464 Grove PL 2 Beds 1.1 Baths $329,000
458 LONGFELLOW AVE 3 Beds 2 Baths $345,000
646 PINE STREET 3 Beds 2 Baths $424,000
745 Carlisle AVE 3 Beds 2.1 Baths $485,000
644 Orchard 5 Beds 3.1 Baths $599,000
43 ESTATE DRIVE 5 Beds 3.1 Baths $859,000
1314 Hazel AVE 4 Beds 3.1 Baths $979,000
133 Birchwood 4 Beds 3.1 Baths $999,000
1420 CROWE AVE 4 Beds 3.1 Baths $1,274,000
1541 Hawthorne 5 Beds 6.5 Baths $1,699,000
Price Changes
1030 springfield AVE 3 Beds 2 Baths $395,000 to $299,000
857 JUNIPER CT 2 Beds 2 Baths $310,000 to $299,900
506 Longfellow AVE 3 Beds 2 Baths $378,000 to $349,000
737 DEERPATH DR 2 Beds 1 Baths $379,900 to $374,900
649 W Elder LN 2 Beds 1 Baths $389,000 to $379,900
814 Spruce ST 4 Beds 2.1 Baths $449,900 to $429,000
1760 Lake Eleanor DR 4 Beds 3 Baths $649,000 to $619,000
1222 CRABTREE LN 4 Beds 2.1 Baths $839,000 to $799,000
1128 DAVIS ST 4 Beds 3.1 Baths $879,000 to $839,000
1478 Berkley CT 5 Beds 5.1 Baths $1,250,000 to $1,199,000
195 River ST 4 Beds 3.1 Baths $1,130,000 to $1,200,000
880 Northwoods 4 Beds 2 Baths $750,000 to $695,000
Closed
813 JUNEWAY AVE 4 Beds 2 Baths $230,900 Closed for $208,000
429 Indian Hill RD 3 Beds 2 Baths $439,000 Closed for $408,000
1008 CASTLEWOOD LN 4 Beds 2 Baths $485,000 Closed for $440,000
150 Birchwood AVE 4 Beds 3.1 Baths $547,000 Closed for $520,000
235 Oakmont DR 5 Beds 3.1 Baths $699,000 Closed for $680,000
920 Summit DR 4 Beds 2.1 Baths $759,000 Closed for $710,000
142 Burr Oak CT 5 Beds 2.1 Baths $769,000 Closed for $725,000
1250 Linden AVE 4 Beds 3.1 Baths $1,250,000 Closed for $1,140,000
Attached Homes
New Listings
352 Redwing DR 2 Beds 2.1 Baths $209,900
432 SWAN CT 3 Beds 2.1 Baths $259,500
414 PINTAIL LN 3 Beds 2.1 Baths $320,000
Under Contract
426 Inverrary LN 2 Beds 1 Baths
459 Elm ST 1C 2 Beds 1.1 Baths
402 Kelburn ST 222 2 Beds 2 Baths
610 Robert York AVE 105 2 Beds 2 Baths
Price Changes
1216 Inverrary LN Unit # 1216 2 Baths 1 Baths $177,500 to $169,900
441 Elm Unit # 3B 2 Baths 2.1 Baths $192,900 to $188,900
433 WREN LN Unit # 433 2 Baths 2.1 Baths $254,000 to $249,000
874 SWALLOW CT 3 Baths 2.1 Baths $257,500 to $249,900
604 MARTIN LN 3 Baths 2.1 Baths $299,000 to $279,900
433 N SWAN BLVD Unit # 433 3 Baths 2.1 Baths $285,800 to $285,600
411 KELBURN RD Unit # 225 2 Baths 2 Baths $359,900 to $334,900
459 ELM ST Unit # 1B 2 Baths 2.1 Baths $199,000 to $189,000
1026 INVERRARY LN Unit # 1026 2 Baths 1.1 Baths $199,900 to $189,900
Closed
410 INVERRARY LN 3 Beds 1.1 Baths $180,000 closed for $171,000
381 Kelburn RD #111 1 Beds 1 Baths $196,666 closed for $185,000
838 Inverrary LN 2 Beds 1.1 Baths $199,900 closed for $190,000
1300 Barclay LN 2 Beds 1.1 Baths $234,000 closed for $223,000
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
Wednesday, July 2, 2008
Tuesday, June 10, 2008
Interest Rate Cut?
A sluggish economy and a spike in foreclosures suggest an interest-rate cut is in order, but a weak currency and creeping inflation suggest a rate hike is in order (rate increases make a currency more attractive vis-à-vis other currencies). What is the Federal Reserve to do?
Clues will be forthcoming in the Fed's Beige Book, to be released on Wednesday. It will likely prove that the Fed's greater concern is inflation, but that could easily change if Friday's consumer price index shows consumer prices rising at an intolerable rate.
Either way, borrowers can expect a spike in rate volatility. Gaming interest rates – an already difficult endeavor – will become that much more difficult in coming weeks. Bankrate.com's survey showed that mortgage rates increased across the board through most of last week, but the survey was released before Friday's employment report, which could just as easily drop rates this week.
So what's the longer-term rate trend that's likely to emerge? Unfortunately, it's impossible to tell at this point because of the schizophrenia of recent economic data releases.
Eric P. EgelandRE/MAX United
847.337.7090
DeerfieldsAgent.com
Saturday, June 7, 2008
Deerfield Realty Market Activity
May 27-June 6th
Single Family Homes
New Listings
630 Elm ST Deerfield 3 Beds 2 Baths $274,900
737 DEERPATH DR Deerfield 2 Beds 1 Baths $384,900
1146 Deerfield RD Deerfield 3 Beds 2 Baths $389,900
525 Longfellow AVE Deerfield 3 Beds 2 Baths $439,000
110 Plumtree RD Deerfield 3 Beds 2.1 Baths $465,000
855 Fair Oaks AVE Deerfield 3 Beds 3.1 Baths $468,000
863 Todd CT Deerfield 4 Beds 2.1 Baths $549,000
730 Carriage WAY Deerfield 4 Beds 2.1 Baths $759,900
15 Standish DR Deerfield 4 Beds 2.1 Baths $799,500
845 King Richards CT Deerfield 4 Beds 3.2 Baths $849,900
1215 HACKBERRY RD Deerfield 4 Beds 3.1 Baths $1,149,000
400 Cumnor CT Deerfield 5 Beds 4.2 Baths $1,599,000
605 WESTGATE RD Deerfield 5 Beds 4.2 Baths $1,850,000
Under Contract
813 JUNEWAY AVE Deerfield 4 Beds 2 Baths $230,900
905 Warrington RD Deerfield 3 Beds 1.1 Baths $499,000
312 Birchwood AVE Deerfield 4 Beds 4.1 Baths $999,000
1064 GREENTREE AVE Deerfield 5 Beds 5 Baths $1,099,000
1250 Linden AVE Deerfield 4 Beds 3.1 Baths $1,250,000
Price Changes
730 Pine ST Deerfield 3 Beds 1.1 Baths $329,900 $309,900
859 Central AVE Deerfield 2 Beds 1 Baths $324,900 $319,000
539 MALLARD LN Deerfield 3 Beds 2 Baths $379,900 $349,900
946 Clay CT Deerfield 3 Beds 1.1 Baths $419,900 $419,500
413 Locust PL Deerfield 4 Beds 2.1 Baths $475,000 $450,000
1232 Wincanton DR Deerfield 3 Beds 2.1 Baths $470,000 $469,000
925 CASTLEWOOD LN Deerfield 4 Beds 2.1 Baths $518,900 $499,800
1542 Woodbine CT Deerfield 2 Beds 1.1 Baths $665,000 $647,500
1000 North AVE Deerfield 4 Beds 2.1 Baths $699,000 $659,900
1436 DEERFIELD RD Deerfield 5 Beds 4 Baths $669,000 $669,999
601 Carlisle AVE Deerfield 5 Beds 3.1 Baths $739,900 $698,000
755 WESTGATE RD Deerfield 4 Beds 3.1 Baths $799,000 $749,000
962 CENTRAL AVE Deerfield 5 Beds 3.1 Baths $959,000 $949,000
195 River ST Deerfield 5 Beds 4.1 Baths $1,100,000 $1,130,000
1224 KENTON RD Deerfield 4 Beds 3.1 Baths $1,299,000 $1,279,000
1327 Somerset ST Deerfield 5 Beds 4.1 Baths $1,295,000 $1,290,000
417 Hermitage DR Deerfield 5 Beds 4.3 Baths $1,649,000 $1,599,000
Closed
l20901 Catalpa ST Deerfield 3 Beds 2 Baths $359,900 closed for $341,500
821 WOODWARD AVE Deerfield 5 Beds 3 Baths $459,900 closed for $440,000
667 CARRIAGE WAY Deerfield 4 Beds 2.1 Baths $539,900 closed for $545,000
1112 N OSTERMAN AVE Deerfield 3 Beds 2.1 Baths $599,900 closed for $595,000
1133 Elmwood Deerfield 4 Beds 4.1 Baths $1,049,900 closed for $954,000
1156 CHERRY ST Deerfield 5 Beds 4.1 Baths $1,399,000 closed for $1,230,000
Attached Homes
New Listings
232 Inverrary Unit D Deerfield 3 Beds 1 Baths $158,900
1015 Deerfield Unit 232 Deerfield 2 Beds 2 Baths $180,000
1260 Inverrary Unit 1260 Deerfield 2 Beds 1.1 Baths $219,000
864 INVERRARY Unit 864 Deerfield 3 Beds 1.1 Baths $219,900
610 Robert York Unit 110 Deerfield 2 Beds 2 Baths $279,900
640 Robert York Unit 305 Deerfield 2 Beds 2 Baths $330,000
859 Bluebird Unit 0 Deerfield 3 Beds 2.1 Baths $334,900
610 ROBERT YORK Unit 302 Deerfield 2 Beds 2 Baths $419,000
816 Chestnut Unit B Deerfield 2 Beds 2.1 Baths $425,000
Under Contract
410 INVERRARY Unit 410 Deerfield 3 Beds 1.1 Baths $180,000
1050 INVERRARY Unit 0 Deerfield 3 Beds 1.1 Baths $185,900
402 Kelburn Unit 325 Deerfield 2 Beds 2 Baths $267,500
Price Changes
1171 Deerfield Unit 1171 Deerfield 2 Beds 1.1 Baths $229,000 changed to $219,000
738 GROUSE Unit 7387 Deerfield 2 Beds 2.1 Baths $250,000 changed to $244,900
410 Hummingbird Unit 410 Deerfield 3 Beds 2.1 Baths $289,900 changed to $275,000
439 Swan Unit 439 Deerfield 3 Beds 2.1 Baths $299,000 changed to $289,000
520 SOUTH COMMONS Unit - Deerfield 3 Beds 2 Baths $384,900 changed to $374,900
731 CENTRAL Unit 0 Deerfield 2 Beds 2.1 Baths $649,900 changed to $629,000
Closed
699 MALLARD LN - Deerfield 4 Beds 2.1 Baths $356,900 closed for $330,000
Eric P. Egeland
Re/Max United
847.337.7090
DeerfieldsAgent.com
Single Family Homes
New Listings
630 Elm ST Deerfield 3 Beds 2 Baths $274,900
737 DEERPATH DR Deerfield 2 Beds 1 Baths $384,900
1146 Deerfield RD Deerfield 3 Beds 2 Baths $389,900
525 Longfellow AVE Deerfield 3 Beds 2 Baths $439,000
110 Plumtree RD Deerfield 3 Beds 2.1 Baths $465,000
855 Fair Oaks AVE Deerfield 3 Beds 3.1 Baths $468,000
863 Todd CT Deerfield 4 Beds 2.1 Baths $549,000
730 Carriage WAY Deerfield 4 Beds 2.1 Baths $759,900
15 Standish DR Deerfield 4 Beds 2.1 Baths $799,500
845 King Richards CT Deerfield 4 Beds 3.2 Baths $849,900
1215 HACKBERRY RD Deerfield 4 Beds 3.1 Baths $1,149,000
400 Cumnor CT Deerfield 5 Beds 4.2 Baths $1,599,000
605 WESTGATE RD Deerfield 5 Beds 4.2 Baths $1,850,000
Under Contract
813 JUNEWAY AVE Deerfield 4 Beds 2 Baths $230,900
905 Warrington RD Deerfield 3 Beds 1.1 Baths $499,000
312 Birchwood AVE Deerfield 4 Beds 4.1 Baths $999,000
1064 GREENTREE AVE Deerfield 5 Beds 5 Baths $1,099,000
1250 Linden AVE Deerfield 4 Beds 3.1 Baths $1,250,000
Price Changes
730 Pine ST Deerfield 3 Beds 1.1 Baths $329,900 $309,900
859 Central AVE Deerfield 2 Beds 1 Baths $324,900 $319,000
539 MALLARD LN Deerfield 3 Beds 2 Baths $379,900 $349,900
946 Clay CT Deerfield 3 Beds 1.1 Baths $419,900 $419,500
413 Locust PL Deerfield 4 Beds 2.1 Baths $475,000 $450,000
1232 Wincanton DR Deerfield 3 Beds 2.1 Baths $470,000 $469,000
925 CASTLEWOOD LN Deerfield 4 Beds 2.1 Baths $518,900 $499,800
1542 Woodbine CT Deerfield 2 Beds 1.1 Baths $665,000 $647,500
1000 North AVE Deerfield 4 Beds 2.1 Baths $699,000 $659,900
1436 DEERFIELD RD Deerfield 5 Beds 4 Baths $669,000 $669,999
601 Carlisle AVE Deerfield 5 Beds 3.1 Baths $739,900 $698,000
755 WESTGATE RD Deerfield 4 Beds 3.1 Baths $799,000 $749,000
962 CENTRAL AVE Deerfield 5 Beds 3.1 Baths $959,000 $949,000
195 River ST Deerfield 5 Beds 4.1 Baths $1,100,000 $1,130,000
1224 KENTON RD Deerfield 4 Beds 3.1 Baths $1,299,000 $1,279,000
1327 Somerset ST Deerfield 5 Beds 4.1 Baths $1,295,000 $1,290,000
417 Hermitage DR Deerfield 5 Beds 4.3 Baths $1,649,000 $1,599,000
Closed
l20901 Catalpa ST Deerfield 3 Beds 2 Baths $359,900 closed for $341,500
821 WOODWARD AVE Deerfield 5 Beds 3 Baths $459,900 closed for $440,000
667 CARRIAGE WAY Deerfield 4 Beds 2.1 Baths $539,900 closed for $545,000
1112 N OSTERMAN AVE Deerfield 3 Beds 2.1 Baths $599,900 closed for $595,000
1133 Elmwood Deerfield 4 Beds 4.1 Baths $1,049,900 closed for $954,000
1156 CHERRY ST Deerfield 5 Beds 4.1 Baths $1,399,000 closed for $1,230,000
Attached Homes
New Listings
232 Inverrary Unit D Deerfield 3 Beds 1 Baths $158,900
1015 Deerfield Unit 232 Deerfield 2 Beds 2 Baths $180,000
1260 Inverrary Unit 1260 Deerfield 2 Beds 1.1 Baths $219,000
864 INVERRARY Unit 864 Deerfield 3 Beds 1.1 Baths $219,900
610 Robert York Unit 110 Deerfield 2 Beds 2 Baths $279,900
640 Robert York Unit 305 Deerfield 2 Beds 2 Baths $330,000
859 Bluebird Unit 0 Deerfield 3 Beds 2.1 Baths $334,900
610 ROBERT YORK Unit 302 Deerfield 2 Beds 2 Baths $419,000
816 Chestnut Unit B Deerfield 2 Beds 2.1 Baths $425,000
Under Contract
410 INVERRARY Unit 410 Deerfield 3 Beds 1.1 Baths $180,000
1050 INVERRARY Unit 0 Deerfield 3 Beds 1.1 Baths $185,900
402 Kelburn Unit 325 Deerfield 2 Beds 2 Baths $267,500
Price Changes
1171 Deerfield Unit 1171 Deerfield 2 Beds 1.1 Baths $229,000 changed to $219,000
738 GROUSE Unit 7387 Deerfield 2 Beds 2.1 Baths $250,000 changed to $244,900
410 Hummingbird Unit 410 Deerfield 3 Beds 2.1 Baths $289,900 changed to $275,000
439 Swan Unit 439 Deerfield 3 Beds 2.1 Baths $299,000 changed to $289,000
520 SOUTH COMMONS Unit - Deerfield 3 Beds 2 Baths $384,900 changed to $374,900
731 CENTRAL Unit 0 Deerfield 2 Beds 2.1 Baths $649,900 changed to $629,000
Closed
699 MALLARD LN - Deerfield 4 Beds 2.1 Baths $356,900 closed for $330,000
Eric P. Egeland
Re/Max United
847.337.7090
DeerfieldsAgent.com
Thursday, May 15, 2008
Deerfield Real Estate May 12-15
Single Family Homes
New Listings
859 Central AVE Beds 1 Baths $324,900
1030 FOREST AVE Beds 2 Baths $469,000
711 Carlisle Beds 2.1 Baths $579,000
1515 Wilmot RD Beds 5.1 Baths $995,000
1124 Greentree AVE Beds 3.1 Baths $1,100,000
1267 Linden AVE Beds 4.1 Baths $1,599,000
1443 Stratford RD Beds 4.1 Baths $1,699,000
507 Radcliffe CIR Beds 2 Baths $449,900
Price Changes
15204 Walnut DR Beds 1 Baths $269,900 to $249,900
458 LONGFELLOW AVE Beds 2 Baths $369,000 to $345,000
1232 Wincanton DR Beds 2.1 Baths $474,000 to $472,000
1639 VILLAGE GREEN CT Beds 2.1 Baths $539,000 to $524,900
914 BEVERLY PL Beds 3 Baths $669,000 to $665,000
1102 COUNTRY LN Beds 3.1 Baths $691,000 to $677,200
1032 Warrington Beds 3.1 Baths $1,095,000 to $998,000
902 Bristol DR Beds 4.1 Baths $1,079,000 to $999,000
1111 Cherry ST Beds 4.1 Baths $1,059,000 to $1,089,000
195 River ST Beds 4.1 Baths $1,450,000 to $1,125,000
1155 North AVE Beds 3.2 Baths $1,275,000 to $1,199,000
932 Castlewood LN Beds 3.1 Baths $1,119,000 to $1,199,000
Closed
1407 Bayberry LN Beds 2.1 Baths $497,500 closed for $464,500
1611 BERKELEY CT Beds 4.1 Baths $1,595,000 closed for $1,450,000
Attached Homes
New Listings
838 Inverrary LN Unit # 838 2 Beds 1.1 Baths $199,900
440 INVERRARY LN Unit # 440 2 Beds 2 Baths $249,353
613 MARTIN LN Unit # 613 3 Beds 2.1 Baths $299,900
442 PARTRIDGE LN Unit # 16-2 4 Beds 2.1 Baths $340,000
407 Winston DR Unit # 407 3 Beds 2.1 Baths $355,000
892 SWAN LN Unit # - 4 Beds 2.1 Baths $364,900
Under Contract
411 KELBURN RD Unit #225 2 Beds 2 Baths $359,900
Price Changes
905 FOUNTAIN VIEW DR 905 3 Beds 2.1 Baths $559,000 to $529,900
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
New Listings
859 Central AVE Beds 1 Baths $324,900
1030 FOREST AVE Beds 2 Baths $469,000
711 Carlisle Beds 2.1 Baths $579,000
1515 Wilmot RD Beds 5.1 Baths $995,000
1124 Greentree AVE Beds 3.1 Baths $1,100,000
1267 Linden AVE Beds 4.1 Baths $1,599,000
1443 Stratford RD Beds 4.1 Baths $1,699,000
507 Radcliffe CIR Beds 2 Baths $449,900
Price Changes
15204 Walnut DR Beds 1 Baths $269,900 to $249,900
458 LONGFELLOW AVE Beds 2 Baths $369,000 to $345,000
1232 Wincanton DR Beds 2.1 Baths $474,000 to $472,000
1639 VILLAGE GREEN CT Beds 2.1 Baths $539,000 to $524,900
914 BEVERLY PL Beds 3 Baths $669,000 to $665,000
1102 COUNTRY LN Beds 3.1 Baths $691,000 to $677,200
1032 Warrington Beds 3.1 Baths $1,095,000 to $998,000
902 Bristol DR Beds 4.1 Baths $1,079,000 to $999,000
1111 Cherry ST Beds 4.1 Baths $1,059,000 to $1,089,000
195 River ST Beds 4.1 Baths $1,450,000 to $1,125,000
1155 North AVE Beds 3.2 Baths $1,275,000 to $1,199,000
932 Castlewood LN Beds 3.1 Baths $1,119,000 to $1,199,000
Closed
1407 Bayberry LN Beds 2.1 Baths $497,500 closed for $464,500
1611 BERKELEY CT Beds 4.1 Baths $1,595,000 closed for $1,450,000
Attached Homes
New Listings
838 Inverrary LN Unit # 838 2 Beds 1.1 Baths $199,900
440 INVERRARY LN Unit # 440 2 Beds 2 Baths $249,353
613 MARTIN LN Unit # 613 3 Beds 2.1 Baths $299,900
442 PARTRIDGE LN Unit # 16-2 4 Beds 2.1 Baths $340,000
407 Winston DR Unit # 407 3 Beds 2.1 Baths $355,000
892 SWAN LN Unit # - 4 Beds 2.1 Baths $364,900
Under Contract
411 KELBURN RD Unit #225 2 Beds 2 Baths $359,900
Price Changes
905 FOUNTAIN VIEW DR 905 3 Beds 2.1 Baths $559,000 to $529,900
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
Sunday, May 11, 2008
Deerfield Realty May 9th-11th
Single Family Homes
New Listings
1252 Carlisle PL 4 Beds 2.1 Bath $479,900
Under Contract
720 Jonquil TER Deerfield 7 Baths 3 Bath $345,000
Price Changes
201 FORESTWAY DR 4 Beds 2.1 Baths $474,900 to $444,900
1020 Summit DR 4 Beds 2.1 Baths $699,900 to $665,000
1128 DAVIS ST 4 Beds 3.1 Baths $899,000 to $879,000
195 River ST 5 Beds 4.1 Baths $1,450,000 to $1,150,000
Closed
20882 N ASH ST 4 Beds 2 Baths $300,000 closed for $287,000
Attached Homes
Price Changes
422 Kelburn RD Unit # 323 3 Beds 2 Baths $539,900 to $519,900
Closed
347 Milford RD Unit # 347 3 Beds 2.1 Baths $498,900 closed for $470,000
739 Central AVE Unit # 0 3 Beds 2.1 Baths $519,999 closed for $490,000
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
New Listings
1252 Carlisle PL 4 Beds 2.1 Bath $479,900
Under Contract
720 Jonquil TER Deerfield 7 Baths 3 Bath $345,000
Price Changes
201 FORESTWAY DR 4 Beds 2.1 Baths $474,900 to $444,900
1020 Summit DR 4 Beds 2.1 Baths $699,900 to $665,000
1128 DAVIS ST 4 Beds 3.1 Baths $899,000 to $879,000
195 River ST 5 Beds 4.1 Baths $1,450,000 to $1,150,000
Closed
20882 N ASH ST 4 Beds 2 Baths $300,000 closed for $287,000
Attached Homes
Price Changes
422 Kelburn RD Unit # 323 3 Beds 2 Baths $539,900 to $519,900
Closed
347 Milford RD Unit # 347 3 Beds 2.1 Baths $498,900 closed for $470,000
739 Central AVE Unit # 0 3 Beds 2.1 Baths $519,999 closed for $490,000
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
Friday, May 9, 2008
Deerfield Realty April 29th-May 8th
Deerfield Illinois Realty Report
Single Family Homes
New Listings
20742 ASPEN CT 3 Beds 1 Bath $244,900
1313 Holly LN 4 Beds 2 Bath $369,900
926 Rosemary Terrace 4 Beds 1.1 Bath $437,000
1233 WOODRUFF AVE 3 Beds 1.1 Bath $439,000
1563 Hawthorne PL 4 Beds 3.1 Bath $865,000
924 FOREST AVE 4 Beds 3.1 Bath $869,000
561 Brierhill RD 6 Beds 6.5 Bath $4,495,000
Under Contract
920 Summit DR 4 Beds 2.1 Baths $759,000
1133 Elmwood 4 Beds 4.1 Baths $1,049,900
1156 CHERRY ST 5 Beds 4.1 Baths $1,399,000
Price Changes
813 JUNEWAY AVE 4 Beds 2 Baths $254,900 to $234,900
720 Jonquil TER 3 Beds 2 Baths $369,000 to $345,000
1003 N WILMOT 3 Beds 1.1 Baths $369,700 to $349,900
909 Holmes AVE 3 Beds 1 Baths $364,500 to $349,900
1248 Hackberry RD 4 Beds 2.1 Baths $445,000 to $425,000
1016 Sheridan RD 3 Beds 1.1 Baths $439,000 to $429,000
1055 Forest 4 Beds 2 Baths $479,000 to $465,000
150 Birchwood AVE 4 Beds 3.1 Baths $589,000 to $547,000
61 ELLENDALE DR 5 Beds 3.1 Baths $649,000 to $648,000
676 Pine ST 4 Beds 3.1 Baths $799,000 to $775,000
442 Amberley LN 3 Beds 2.1 Baths $868,900 to $839,900
195 River ST 5 Beds 4.1 Baths $1,450,000 to $1,175,000
1327 Somerset ST 5 Beds 4.1 Baths $1,450,000 to $1,298,000
775 Summit DR 5 Beds 5.2 Baths $2,295,000 to $2,150,000
Closed
849 Appletree AVE Deerfield 3 2 3910 $425,000 closed for $409,250
1118 Gordon TER Deerfield 4 2.1 3910 $649,900 closed for $576,000
231 Gladys CT Deerfield 4 2.1 3640 $695,000 closed for $645,000
909 WESTCLIFF AVE Deerfield 4 4.3 3910 $1,499,000 closed for $1,425,000
Attached Homes
New Listings
442 Kelburn RD 121 1 Beds 1 Baths $195,900
914 INVERRARY DR 914 2 Beds 1.1 Baths $209,900
519 Hummingbird LN 519 2 Beds 2.1 Baths $289,500
Under Contract
714 Inverrary LN 2 Beds 1.1 Baths $169,000
1300 Barclay LN 2 Beds 1.1 Baths $234,000
Price Changes
1032 INVERRARY LN # 1032 2 Beds 1 Baths $168,000 to $166,000
463 ELM ST # 1I 2 Beds 1.1 Baths $189,500 to $185,500
382 Kelburn # 322 2 Beds 2 Baths $289,900 to $278,000
Closed
297 Tanager ST # 297 3 Beds 2.1 Baths $274,500 closed for $260,000
821 Fountain View DR # 821 3 Beds 2.1 Baths $699,000 closed for $647,500
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
Single Family Homes
New Listings
20742 ASPEN CT 3 Beds 1 Bath $244,900
1313 Holly LN 4 Beds 2 Bath $369,900
926 Rosemary Terrace 4 Beds 1.1 Bath $437,000
1233 WOODRUFF AVE 3 Beds 1.1 Bath $439,000
1563 Hawthorne PL 4 Beds 3.1 Bath $865,000
924 FOREST AVE 4 Beds 3.1 Bath $869,000
561 Brierhill RD 6 Beds 6.5 Bath $4,495,000
Under Contract
920 Summit DR 4 Beds 2.1 Baths $759,000
1133 Elmwood 4 Beds 4.1 Baths $1,049,900
1156 CHERRY ST 5 Beds 4.1 Baths $1,399,000
Price Changes
813 JUNEWAY AVE 4 Beds 2 Baths $254,900 to $234,900
720 Jonquil TER 3 Beds 2 Baths $369,000 to $345,000
1003 N WILMOT 3 Beds 1.1 Baths $369,700 to $349,900
909 Holmes AVE 3 Beds 1 Baths $364,500 to $349,900
1248 Hackberry RD 4 Beds 2.1 Baths $445,000 to $425,000
1016 Sheridan RD 3 Beds 1.1 Baths $439,000 to $429,000
1055 Forest 4 Beds 2 Baths $479,000 to $465,000
150 Birchwood AVE 4 Beds 3.1 Baths $589,000 to $547,000
61 ELLENDALE DR 5 Beds 3.1 Baths $649,000 to $648,000
676 Pine ST 4 Beds 3.1 Baths $799,000 to $775,000
442 Amberley LN 3 Beds 2.1 Baths $868,900 to $839,900
195 River ST 5 Beds 4.1 Baths $1,450,000 to $1,175,000
1327 Somerset ST 5 Beds 4.1 Baths $1,450,000 to $1,298,000
775 Summit DR 5 Beds 5.2 Baths $2,295,000 to $2,150,000
Closed
849 Appletree AVE Deerfield 3 2 3910 $425,000 closed for $409,250
1118 Gordon TER Deerfield 4 2.1 3910 $649,900 closed for $576,000
231 Gladys CT Deerfield 4 2.1 3640 $695,000 closed for $645,000
909 WESTCLIFF AVE Deerfield 4 4.3 3910 $1,499,000 closed for $1,425,000
Attached Homes
New Listings
442 Kelburn RD 121 1 Beds 1 Baths $195,900
914 INVERRARY DR 914 2 Beds 1.1 Baths $209,900
519 Hummingbird LN 519 2 Beds 2.1 Baths $289,500
Under Contract
714 Inverrary LN 2 Beds 1.1 Baths $169,000
1300 Barclay LN 2 Beds 1.1 Baths $234,000
Price Changes
1032 INVERRARY LN # 1032 2 Beds 1 Baths $168,000 to $166,000
463 ELM ST # 1I 2 Beds 1.1 Baths $189,500 to $185,500
382 Kelburn # 322 2 Beds 2 Baths $289,900 to $278,000
Closed
297 Tanager ST # 297 3 Beds 2.1 Baths $274,500 closed for $260,000
821 Fountain View DR # 821 3 Beds 2.1 Baths $699,000 closed for $647,500
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
Wednesday, May 7, 2008
Rates up or Down?
Will the recent cut in the fed funds rate translate into lower mortgage rates? The answer is an equivocal yes and no. It's possible we'll see lower rates on some adjustable rate mortgages, but it's no slam-dunk. ARMs are more closely linked to the fed funds rate than fixed-rate mortgages, to be sure, but have only fallen about half a percentage point since September. ARMs played a leading role in the recent foreclosure fiasco, which has kept their rates higher than what would normally be expected.
Fixed-rate mortgages, on the other hand, are driven by rates on 10-year treasury notes. Rates on a 30-year fixed mortgage are typically 1.5 percentage points higher than the rate on the 10-year Treasury note, but because of increased risk perception – brought on by higher foreclosure rates and a stagnating housing market – that premium has expanded to 2.3 percentage points.
The 10-year Treasury note rate, in turn, is driven by inflation expectations. On that front, rising inflation concerns are pushing 10-year treasury rates higher.
So what's the outlook for mortgage rates? The focus is shifting back to inflation, which means rates are unlikely to go much lower. But while inflation could pressure 10-year treasury rates, a narrowing risk premium could offset the impact on fixed-rate mortgages. In other words, odds favor rates moving higher, but not much higher, so anyone sitting on the sidelines waiting for a drastic improvement is likely waiting in vain.
Eric P. Egeland
RE/MAX United
847.337.7090
DeerfieldsAgent.com
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