Dear Friends and Colleagues,
It’s that time of year again where I take a moment to breathe and reflect on an unprecedented year in real estate. This marks my 2nd annual letter, and I’m compelled to delve into what made 2023 historic for all of us. Interest rates, hitting unprecedented highs, became nationwide headlines. Though they are now on a downward trend, much of the year was spent strategizing to guide our clients through this challenge. The market witnessed its lowest affordability in four decades, casting uncertainty for clients and colleagues alike. Education and navigation allowed us to thrive, and we extend our heartfelt thanks for your support, trust, and passion.
In 2023, Helen Oliveri Real Estate flourished. Surpassing half a billion dollars in career sales, closing almost 3,000 properties in 20 years, we upgraded technology and expanded our team. Despite market challenges, we closed numerous deals, expanded into the south suburban market, and represented exclusive new construction developments. Our territories now include Lake County, Cook County, and Grundy County, with more expansion on the horizon. New construction saw a significant resurgence amid resale inventory challenges. Featured in Chicago Agent Magazine and recognized on top real estate portals, our social media presence grew exponentially with almost 100,000 followers across platforms.
2023 posed unique challenges, including rising interest rates, inflation, a housing shortage crisis, natural disasters, and a global health crisis. Despite this, our experience guided us through, listing and selling homes amidst the uncertainty. As COVID-19 was declared over by the World Health Organization, we reflect on our accomplishments and look forward to the new year with resilience and fortitude, ready to rebuild and exponentially grow.
“Everyone can rise above their circumstances and achieve success if they are dedicated and passionate about what they do.” ― Nelson Mandela
Can you believe it’s been 4 years since I launched Helen Oliveri Real Estate as an independent brokerage? It was nerve wrecking, but I can say in good faith that I’m so blessed and humbled by the ongoing love support which has allowed us to thrive during market changes. I remember launching in October of 2019 and within a couple of months the entire world was shut down from the pandemic. Then we had the roaring market of 2021-2022 and then we had the down market of 2022-2023. After all, what goes up, comes down but rarely stays down forever so this was all inevitable. And we still have the inventory shortage, rates are still shaky but coming down and new construction is the name of the game right now. It’s all ever changing, and it always will. And now here we are in uncertain times again, but we are steadfast in doing whatever it takes to plunge ahead in this market as we owe it to ourselves, our clients and our partners to be the best we can be and move past it.
“Believe in yourself. You are braver than you think, more talented than you know and more capable than you imagine.” ― Roy T. Benett