Michigan Avenue Sales Meeting Agenda - September 2021

Michigan Avenue Sales
Meeting Agenda

September 23rd, 2021

Michigan Avenue Sales Agenda

Welcome everyone and welcome to all of our new brokers – Alan

Luxury Collection – Haley Tallent - Please mark your calendars for our upcoming Luxury
Roundtable taking place via Zoom on Thursday, October 14th at 10:15.

Market Update – David

The booming U.S. housing market has spilled over to the rental market, which has seen demand for
apartment and single-family rentals skyrocket this year, as high sales prices and an inadequate
supply of available housing have forced many prospective buyers to rent for the foreseeable future.
Increased demand for housing, along with an improving economy, has competition for rental units
soaring, and landlords are taking note, with the national median rent increasing 11.4% in 2021 so far,
according to Apartment List.

New Listings in the City of Chicago were up 3.6 percent for detached homes but were down 26.9
percent for attached properties.

Listings Under Contract decreased 4.4 percent for detached homes but increased 7.2 percent for
attached properties.

The Median Sales Price was up 6.2 percent to $325,000 for detached homes but was down 5.6
percent to $339,900 for attached properties.

Months Supply of Inventory decreased 17.3 percent for detached units and 43.3 percent for attached
units.

In new construction, home builders continue to struggle to meet buyer demand, as housing starts
nationwide dropped 7% last month, according to the Commerce Department. Single-family home
construction declined 4.5%, and multi-family home construction, which includes condos and
apartment buildings, was also down, falling by 13%. Labor shortages, rising material costs, and
supply-chain setbacks continue to challenge builders, with some projects temporarily paused due to
availability and cost of materials.

Rental Market Update – Carolyn Anavi

Commercial Market Update – Cliff Perotti

Prosperity Home Mortgage
Brent King - [email protected] and 312.459.7839
Rick Pantoga - [email protected] and 773.899.5100
Marc Churchill - [email protected] and 312.953.5316

HomeServices Insurance
Evita Malkimos - [email protected] and 219.588.7267

Fort Dearborn Title
Michael Montalvo - [email protected] and 847.393.6727

Office Updates – Alan
Weekly Calendar (Monday Coaching Group at 10:00 on Mondays, Ascend follow up at 10:00 and Tools
Training (at various times on Tuesdays, Onboarding at 12:00 on Wednesdays, Transaction Group
Collaboration on Thursdays at 11:00, and Ascend Training at 9:00 on Fridays).

Cyber Security

Exempt Forms - Any Listing not going on the active MLS within 48 hours must have an Exempt Listing Letter
signed and turned in with Listing Agreement.
Please refrain from CC Staff on emails between your Clients, Attorneys, etc…Only our brokers should be the
conduit between the parties.
Postal Service continues to be extremely slow – Please pick up your Closing Checks as opposed to having
them put in the mail if you want to be paid timely.

Recognition for August – Congratulations everyone – you all are all so incredible!

Happy Birthday September Babies!

Closed Sales Volume in August $12,508,120
$5,049,000
Multi-Million Dollar Producers $4,609,000
Klopas Stratton Team $4,578,000
Robert Sullivan $4,312,500
Susan O’Connor Davis $3,017,500
Mia Wilkinson $2,945,800
Lindsay Everest $2,897,000
Michael Rosenblum $2,805,000
Michael Maier $2,676,000
Keith Wilkey $2,520,000
Meredith Manni Meserow $2,520,000
Cara Buffa $2,497,250
Eric Casper $2,362,900
Christian Pezzuto $2,133,280
Chicago Condo Finder $2,100,000
The AVE Group
Beth Gomez $1,825,000
Kimberly Chase Harding (KCH) Team $1,762,700
$1,741,000
Million Dollar Producers $1,706,590
Kevin Snow $1,679,900
Linda Metz $1,600,000
Mary Lin $1,580,000
Crystal Tran Team $1,555,000
Yanfei Hu $1,552,800
Izetta and Jay Carroll $1,499,900
Donna Urbikas $1,461,240
Brian Pistorius Group $1,443,000
Morgan Sage
Teresa Costantini Levin
Anna Busalacchi
Santiago Moreno

Bohdan Gorczynski $1,313,690
Liliana Lark $1,295,250
Meredith Pierson $1,095,500
Rose Alvarez $1,039,000
Liane Pruchnik $1,000,000

$500,000 - $1,000,000 Producers $955,000
Elizabeth Bennan Ellis $950,500
Stephanie Derderian $950,000
Daniel Welsh $907,500
Adam McDowell $900,400
Sophia Worden $841,000
Michael Laman $738,000
Keith Goad $729,135
Rebecca Martinez $723,000
Lisa Huber Group $718,388
Michael Drommerhausen $716,750
Mitzi Orner $700,000
Pamela Miles $668,000
Terri Franklin $652,600
Peggy Quinn and Steve Richardson $645,000
Emir Vulic $570,000
Rachel Rand Martell $554,800
Marla Nyberg $535,000
Randie Shapiro
$10,463,500
Written Sales Volume in August $4,347,400
$4,346,750
Multi-Million Dollar Producers
Klopas Stratton Team
The AVE Group
Michael Maier

Susan O’Connor Davis $3,960,000
Anne Rodia $3,546,600
Robert Sullivan $3,089,500
Chicago Condo Finder $2,834,000
Brian Pistorius Group $2,737,000
Kimberly Chase Harding (KCH) Team $2,735,400
Shirley Amico $2,237,500
Rose Alvarez $2,104,500
Liliana Lark $2,000,000

Million Dollar Producers $1,863,000
Morgan Sage $1,744,590
Crystal Tran Team $1,715,000
Wade Marshall $1,499,900
Teresa Costantini Levin $1,470,000
Terri McAuley $1,462,500
Anna Busalacchi $1,450,000
Nancy Thomas $1,300,999
Cara Buffa $1,293,000
Santiago Moreno $1,239,500
Christian Pezzuto $1,207,500
Meredith Pierson $1,147,000
Emir Vulic $1,141,000
Michael Laman $1,091,500
Susan Dickman $1,083,000
Keith Goad $1,009,900
Yanfei Hu $1,000,000
Marla Nyberg
$950,000
$500,000 - $1,000,000 Producers $900,000
Michael Rosenblum $780,000
Rachel Rand Martell
Arden Baranowski

Scott Gettleman $748,000
Jeanne Spurlock $689,000
Terri Franklin $668,000
Mitzi Orner $630,000
Meredith Manni Meserow $598,500
Keith Wilkey $595,000
Caroline Boskovic $577,000
Linda Tuggle $559,500
Adam McDowell $558,500
Patricia Anderson $555,000
Lupe Marino $500,000

Listed Volume in August $7,996,250
$6,051,595
Multi-Million Dollar Producers $2,795,999
Michael Maier $2,594,995
Klopas Stratton Team $2,448,000
Rose Alvarez $2,390,000
Ying Li $2,000,000
Su Yang $2,000,000
Robert Sullivan
Cara Buffa $1,944,400
Crystal Tran Team $1,880,550
$1,678,900
Million Dollar Producers $1,475,494
Donna Urbikas $1,400,000
Arden Baranowski $1,386,750
Michael Laman $1,345,895
Michael Rosenblum
Kevin Snow
Shirley Amico
Chicago Condo Finder

The AVE Group $1,306,650
Bill Navarre and Eric Morrison $1,247,100
Carina Sawaya $1,218,000
Anne Rodia $1,189,700
Stephanie Xu $1,126,600
Lina Schwartz and Gudrun Jocis $1,024,500

$500,000 - $1,000,000 Producers $982,600
Susan Dickman $939,800
Izetta and Jay Carroll $877,200
Mia Wilkinson $869,000
Lindsay Everest $842,945
Stephen Fisher $808,000
Mary Lin $799,900
Pamela Miles $761,000
Jeanne Spurlock $723,000
Keith Goad $602,000
Mitzi Orner $598,000
Monica Canellis $592,500
Kevin Johnson $539,900
Meredith Pierson $520,000
Paco Aramburu $500,000
Lupe Marino $500,000
Rachel Rand Martell $500,000
Santiago Moreno

Luxury Collection – Haley Tallent

Please mark your calendars for our upcoming Luxury Roundtable taking
place via Zoom on Thursday, October 14th at 10:15 am.

Al Properties Market Overv·ew

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Key Metrics Historical Sparklines

l\lgw Listings

CloS9d Sakls

�--·�IJmfgr Contract

Median Sakls Price

Avgrage Sales Price

Avgrage List Price

P9rcent of Oriiginal List Price
Raceived

Housing Affordability Index

MariketTime

Mornths Sup;ply of lrnv&ntory

lnvgntory of Honnas for Sale

8-2m0 �2021 �C"""h""i=c;a·go
REALTOR

+ f - YTD � YTD 2021 + / -

6,463 5,216 -18.4% 38,775 43,713 + 12.7%

2,670 2,875 +0.2% 16,571 23,190 +39.1!%

2,681 2,740 +2.2% 18634 24,572 +31.1!%

$335,000 $335,000 0.0% $3111,000 5345,000 +8.2%

$421,423 $442,311! +5.096 S31!1!,566 54-50,048 + 12,6%

$482,635 $431,141 -10.5% S400,951 5480,.657 -3.2%

97.2% 98.2% +1.1% ll6.6% 116,2% +1.7%

115 110 -3.ll% 121 108 -11.0%

71 58 -18.3% 85 72 -15.1%

5.0 J.2 -38.0%

10,485 8,682 -17.2%

Detached Single-Family Market Ov

Ke,' maJt:sl mf1llt:: lllr the a.renl month and 1'N'-ll:H1a! lliJU1l!O lor DatBd1ed SlnglB-Fairlly �

Key Metrics Historical Sparklines

N.ew Listings

·Olosed Sakls
Under Contract
� - pg,n�
Median Sakls Price

Average Sales li'r'ice

Average List Prica
Percent of O.rigirnall List Price
ReceivlMI
Housing Affordability Index

Market Time

Months Supply of Inventory

lnverntory ,of Homll<S for Sale