glencoe: What Sold in Your Winnetka/North Shore Village May 2023
- 06/07/23 12:30 PM
What Sold in Your North Shore Village in May 2023?So far this year there's been little change in the market. In each village, the majority of homes sold for over the list price. As an example, here are the over/under sale price numbers for Winnetka and Wilmette which are very similar:
Winnetka: 76 homes have sold year-to-date
40 homes sold over the list price (53%)
10 homes sold at the list price (13%)
26 homes sold under the list price (34%)
Wilmette: 120 homes have sold year-to-date
60 homes sold over the list price (50%)
15 homes sold at the list price (12.5%)
45 homes sold under the list … (3 comments)
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glencoe: Halloween in Winnetka and the North Shore!
- 10/29/22 03:40 PM
Halloween in Winnetka and the North Shore
On a particularly mild Chicago afternoon, I grabbed my bike and camera and rode around the North Shore. I snaked by through Kenilworth, Wilmette, Winnetka, and finally Glencoe. I hadn't set out to photograph Halloween decorations, but they were (as always) so fun I had to!
North Shore residents take their holiday decorating seriously. Halloween decor starts showing up in the third or fourth week of September. And Christmas/Hannukah decorations are often displayed before Thanksgiving and can stay up for months afterward.
So here's my array of the local Halloween scene covering all tastes: scary, sweet, gory, … (6 comments)
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glencoe: Chicago Trib Reports Million Dollar Home Sales Up - True in Winnetka?
- 12/15/14 05:43 AM
This weekend the Chicago Tribune reported that:
"In the Chicago area, home sales in the million-and-up category were up 8 percent from January through September, with a median price (in that bracket) of $1.35 million, according to Re/Max Northern Illinois."
I checked to see how those numbers compared to high-end sales in the North Shore - specifically Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield. I used the same time period - January through September in both 2013 and 2014.
There was indeed an increase in high-end homes in 2014 over 2013 - almost 13% more sales. The Tribune reported … (2 comments)
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glencoe: Winnetka & North Shore Absorption Rate for Homes November 2014
- 12/01/14 06:42 AM
The absorption rate is a good standard by which to determine the kind of real estate market that is currently trending. "Kind of market" in this case means whether it's a good time to sell or a good time to buy.
A buyer's market occurs when inventory is high, sales are sluggish, and prices are dropping. A seller's market means homes are selling quickly and prices are rising. But what is the absorption rate?
Absorption rate: the rate at which a market absorbs (sells) inventory. The absorption rate determines how long it would take all the inventory to sell if no … (0 comments)
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glencoe: Glencoe Real Estate Market Report - October 2014
- 11/04/14 06:07 AM
Glencoe had 12 homes close in October which is 1 house more than last October, 2013. Here are the numbers:
Sold homes: 12
Average sold price: $1,429,000
Average list to sell price ratio: 89%
Average days on market: 94
The average list to sell price ratio is a fairly low 89%. In checking deeper, I found one home that sold for 40% of its original list price and that skewed the average. Overpricing caused a very long market time as well as a lower sale price.
Current Real Estate Market in Glencoe
For sale: 72 homes
Price range: $349,000 to $5,400,000
… (0 comments)
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glencoe: Chicago Homes Sales Down - What About the North Shore
- 09/25/14 05:10 AM
Earlier this week the Chicago Tribune wrote an article about declining home sales in the 9-county
Chicagoland area (Local Housing Market's Cool-Off Continues.) The author states that sales fell by 14% in August 2014 compared to August 2013.
Blaming a harsh winter and a stagnant economy, plus concerns about mortgage availability and rising rates has consumers edgy. The silver lining is that prices continued to increase in varying degrees depending on location.
How do our five communities compare to the larger Chicago numbers. I looked up homes sales in Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield and also found that sales were … (3 comments)
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glencoe: Winnetka and North Shore Houses for Sale 1000+ Days - What Does it Mean
- 09/24/14 04:01 AM
In the back of my mind, I know that there are some North Shore homes - Winnetka, Wilmette,
Northfield, Kenilworth, and Glencoe, that have been on the market for what seems like forever. Why does this happen?
I always explain to my sellers that "time", as in market time, is not their friend. The longer their house languishes, the more suspect buyers become. A well priced home should sell fairly quickly - particularly in a seller's market. Even if the seller is a little high, the offers will come if the price is adjusted quickly.
If the seller has grossly overpriced their … (0 comments)
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glencoe: Winnetka & North Shore Condo Prices on the Rise
- 06/27/14 08:36 AM
I have thought for a long time that we could use some more condos in Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield (although Northfield does have a good selection)
Baby boomers (me included) are looking to downsize and for those that want to stay in the North Shore, it's no easy feat. Yes, there are currently 56 condos for sale in the area, ranging from a 1-bedroom priced at $89,000 to a 3-bedroom luxury condo in Northfield for $850,000.
But if you have specific needs, say, wanting to take your dog along, the number shrinks to 44 available condos.
If … (2 comments)
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glencoe: Winnetka & North Shore Month-by-Month Sales 2014
- 06/16/14 02:36 AM
It was interesting for me to have a look at home sales in Winnetka, Wilmette, Kenilworth, Glencoe, and Kenilworth since the beginning of the year. We had a late start because of the beastly winter, but nevertheless, sales have increased to compensate for that.
Here is the breakdown for sold homes for all the villages combined for 2014:
January: 37
February: 32
March: 48
April: 75
May: 93
June: 38 sales to date (Monday, June 16).
There are 75 pending homes, and 75 under-contract homes which will close this summer. If just 1/3 of them close by June 30, we'll … (0 comments)
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glencoe: Winnetka & North Shore Real Estate Market Report - May 2014
- 06/05/14 01:41 AM
It's a mixed bag of results for market statistics for the various villages in the North Shore. Wilmette's average price sale and number of sales rose over May of 2013, but in Winnetka sales were down but prices were up.
Kenilworth's market is very low in total number of sales (just 1 in May) despite having a large inventory. Both Glencoe and Northfield had higher number of sales than last year, with Glencoe's average price remaining stagnant, and Northfield's average price going down.
All this tells me that the market is off-balance. As I've said month after month, homes in top condition … (2 comments)
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glencoe: Winnetka & North Shore 1st Quarter 2014 Real Estate Report
- 04/24/14 07:28 AM
We are now going into the 2nd quarter of a strong seller's market in the North Shore towns of Winnetka, Wilmette, Kenilworth, Glencoe,Northfield, Glenview, and Northbrook. Here are how the numbers look for sold prices comparing the first quarters of 2013 and 2014.
In the first column, the average sold price of single-family homes in Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield rose by 7.3% and in Glenview and Northbrook the price rose by 12%!
In addition, the average number of days to sell a house decreased by almost 2 weeks. There is a lack of inventory, but … (8 comments)
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glencoe: Why Spring is Such a Good Time to Sell Your Home
- 03/28/14 08:03 AM
Chicago's North Shore villages of Winnetka, Northfield, Wilmette, Kenilworth, Glenview, and Glencoe have traditionally kicked off their real estate season as early as January. Potential sellers have waited for the end-of-year holiday season to end before listing their homes.
Springtime brings a hop to your step! There is daylight savings time, warmer weather, and little green shoots pushing through the ground. Who wouldn't want to be out looking a new houses after months of cabin fever.
Sellers, meantime, can use the early cold months to get their house ready for market. This is the time to organize, clean up, and … (3 comments)
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glencoe: Are Winnetka & North Shore New Construction Homes Getting Larger
- 01/06/14 05:19 AM
In the Chicago Tribune, Mary Umberger wrote in December: "The McMansion lives! . . . No, I don't think the McMansion is dead. People want that square footage."
She spoke with a spokesman at Pulte Builders (who does not build on the North Shore) who said that buyers still want large spaces - whether it's the kitchen, yard, master bedroom, closets or garage.
I decided to do a quick survey on new construction homes that were built in 2003 versus new ones built in 2013.
In the towns of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield, I found that newly … (7 comments)
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glencoe: The North Shore Real Estate Market Report for 2013
- 01/05/14 04:46 AM
2013 was the comeback year for local real estate. The comeback was slow and steady with increasing prices and demand in Winnetka and other North Shore villages. There were multiple offers and many homes sold quickly - it was definitely a seller's market.
I foresee more homes coming on the market in Winnetka, Wilmette Kenilworth, Glencoe and Northfield in 2014 as sellers adjust to the new dynamic - it's not so scary anymore to list your house for sale!
Here is how 2013 compared to 2012 in numer of houses sold, the average sold price, the ratio of the … (1 comments)
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glencoe: 2014 Trends in Hardwood Floors | Westchester NY
- 01/03/14 02:11 AM
You can always tell the age of a house if the floors are original. The 1980s showed floors that were very light, and whitewashing was very popular. Floors got dark, then light again, and now they're trending darker again. If you are redecorating you will probably want to change the finish on your floors. I tell my sellers, however, not to change them because new buyers will want to choose their own stains and finishes.
Winnetka, Wilmette, Kenilworth and Glencoe all have many new construction homes being built and they are all installing darker floors, and sometimes different plank widths. I … (3 comments)
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glencoe: Winnetka & North Shore 3rd Quarter Real Estate Statistics
- 12/12/13 07:12 AM
Today's Chicago Tribune published an article in the Business section: "Cook County Home Prices Jump." The article stated that suburban Cook County saw in increase of 12.6% over last year
during the 3rd quarter.
Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield are all in Cook County. So I have prepared a Winnetka & North Shore 3rd Quarter Market report that shows exactly where prices have headed. The numbers are for the 3rd quarters of 2012 and 2013:
With the exception of 3-bedroom homes, prices have risen in 2013 over 2012 (which I think we all knew!)
Overall North … (4 comments)
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glencoe: Pet Friendly Condos in Winnetka, Wilmette & the North Shore
- 11/06/13 06:39 AM
UPDATED 2022
PET-FRIENDLY CONDOS IN WINNETKA AND THE NORTH SHORE
Animal lovers are often frustrated in their search for a new condo in Winnetka and other North Shore suburbs. I have had many buyer clients horrified to discover that their favorite condo complex won't allow man's best friend in the door. As a dog lover myself, I don't understand why all buildings don't just allow the creatures in their realm. As a pragmatist, I know that some people don't like them, and others have severe allergies and can't like them even if they wanted.
My daughter's downtown rental solved the … (6 comments)
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glencoe: North Shore Real Estate Market Report - Winnetka, Wilmette, Kenilworth, Evanston
- 10/08/13 07:50 AM
North Shore Real Estate Year-to-Date Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Evanston, Glenview, Northbrook, Highland Park
Chicago's North Shore communities rebounded in 2013 - the figures have been up every month this year as I have shown in previous posts. Year-to-date single family home sales for the past 3 quarters is shown in this chart. With the exception of Northfield, all North Shore town showed an increase in sales.
Mortgage rates increased in May and June but that didn't slow down buyers' desire to purchase a new home. As has often been said, rates are still historically low. … (1 comments)
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glencoe: 5 Things You Didn't Know about the North Shore Real Estate Market
- 08/06/13 07:38 AM
5 Things You Didn't Know about the North Shore Real Estate Market
There are many signs throughout the North Shore that the real estate market has changed for the better. One reason I like doing market reports is because of all the great data that comes out of it.
I've just done market reports comparing 2012 to 2013 year-to-date (January-July.) Here's what I discovered:
1. Kenilworth had the largest increase of total number of sales: up 71%
2. Winnetka home prices dropped 6% in 2013.
3. Northfield had the most condo sales both years: 21 … (5 comments)
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glencoe: Block Parties - a Cherished North Shore Tradition
- 06/12/13 03:21 AM
Block Parties - a Cherished North Shore TraditionUpdated 2022
Back in 1986 when I moved to Roger Avenue in Kenilworth, the moms of the block revived an old tradition - the Fourth of July block party.
I moved away from the block in 1989 - but I have never given up on the block party. Every year since, my family has returned, first with children in tow, and as they grew up, just the two of us.
And so it is throughout the North Shore - and not just on the Fourth of July. Every Memorial Day, Labor Day, and just any old day, … (1 comments)
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