Winnetka, IL Real Estate News

By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate for August 2023 1  NEW HUBBARD WOODS LISTINGS IN AUGUST 8 Kent - $4,950.000  2 NEW PRIVATE HUBBARD WOODS HOMES FOR SALE   1369 Tower: $995,000 901 Greenwood: $2,475,000  6 CLOSED HUBBARD WOODS LISTINGS IN AUGUST 1380 Edgewood List price: $645,000 Sold price: $645,000 Days on market: 3 1321 Scott List price: $1,295,000 Sold price: $1,295,000 Days on market: 18 1502 Edgewood List price: $1,499,000 Sold price: $1,665,000 Days on market: 16 186 Woodlawn List price: $1,995,000 Sold price: $2,250,000 Days on market: 9 1024 Westmoor List price: $2,499,000 Sold price: $2,425,000 Days on market: 50 812 Hibbard List price: $2,985,000 Sold price: $2,765,000 Days on market: 126  CURRENT HUBBARD WOODS REAL ESTATE SNAPSHOTHomes for sale: 8 (priced from $1,100,000 to...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Winnetka North Shore Condo Report If you would like to buy a condo in one of the North Shore villages, some places are easier than others. As you can see from the chart (below) Winnetka, Glencoe, Kenilworth, and even Northfield have had few sales this year.The larger communities of Evanston, Glenview, and Northbrook still have slightly lower sales than in 2019, but they still have most of the inventory. Most condos are selling within a few percentage points of the original list price. Winnetka and Glencoe show that the sale price was higher than the asking price but with just 9 and 3 sales respectively, that's not surprising.  Current inventory and price range for each village: Village Condos for Sale Low Price High Price         Winnetka 2 $235,000 $720,000 Wilmette 7 $279,000 $675,000...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate for July 2023There were 4 new listings in Hubbard Woods in July, of which 2 are under contract. Eleven homes closed in July - most were very near the asking price with the exception of one home that ended up on the market for 796 days. 4  NEW HUBBARD WOODS LISTINGS IN JULY 1216 Scott: $1,499,000 (under contract) 1303 Holly: $1,899,900 186 Woodlawn: $1,995,000 (under contract) 747 Walden: $2,975,153 (!!)   11 CLOSED HUBBARD WOODS LISTINGS IN JULY  996 ChatfieldList price: $500,000Sold price: $500,000Market time: 29 800 Green BayList price: $535,000Sold price: $540,000Days on market: 14 1460 TowerList price: $1,099,900Sold price: $1.050,000Days on market: 3 1430 TowerList price: $1,270,000Sold price: $1,123,000Market time: 43 1427 TowerList price: $1,100...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate in June 2023Busy June in Hubbard Woods! Five new homes hit the market and all 5 are under contract.Nine homes closed in June. Five sold over the list price and of those, 4 sold considerably over the list price.   5 NEW HUBBARD WOODS HOMES LISTED IN JUNE  800 Green Bay: $535,000under contract 1370 Scott: $699,900under contract 1427 Tower: $1,100,000under contract 875 Private: $1,800,000under contract 1183 Tower: $2,150,000under contract   9 HUBBARD WOODS HOMES CLOSED IN JUNE 232 WoodlawnList price: $1,100,000Sold Price: $1,100,000Days on market: 8 1326 TowerList price: $1,299,000Sold price: $1,150,000Days on market: 35 1243 ScottList price: $1,239,000Sold price: $1,190,000Days on market: 9 1344 SunviewList price: $1,399,000Sold price: $1,437,500Days on ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
 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-date40 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-date60 homes sold over the list price (50%)15 homes sold at the list price (12.5%)45 homes sold under the list price (37.5)WINNETKAClick here to see all Winnetka homes sold in May 2023Homes for sale:  35Private network homes for sale:  6Current month's supply of inventory:  1.6Year-to-Date median price: $1,500,000...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate in May 2023Of the 5 Hubbard Woods homes that sold in May, 4 sold over the asking price, and 1 sold at the list price. Market time varied from 5 to 14 days!  2 NEW HUBBARD WOODS HOMES LISTED IN MAY 1509 Edgewood: $1,250,000(sold and closed - see below) 1024 Westmoor: $2499,000  5 HUBBARD WOODS HOMES CLOSED IN MAY 1073 ChatfieldList price: $830,000Sold price: $830,000Days on market: 7 899 VernonList price: $1,189,000Sold price: $1,248,000Days on market: 14 955 VernonList price: $1,175,000Sold price: $1,350,000Days on market: 6 1509 EdgewoodList price: $1,250,000Sold price: $1,400,000Days on market: 5 1305 Forest GlenList price: $2,095,000Sold price: $2,125,000Days on market: 14  ONE NEW HUBBARDS WOODS HOME IN THE PRIVATE MARKET 1183 Tower: $2,150,000  CU...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
 What Sold in Your North Shore Village in April 2023?The actual numbers noted below have varied little from last month - in each village. It's the status quo for North Shore real estate - prices are holding up and homes are selling quickly. Condos and rentals are also experiencing low inventory. WINNETKAClick here to see all Winnetka homes sold in April 2023Homes for sale:  33Private network homes for sale:  9Current month's supply of inventory:  1.5Year-to-Date median price: $1,500,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in April 2023Homes for sale:  21Private network homes for sale: 15Current months supply of inventory:  1.3Year-to-date median price: $1,007,000See Wilmette homes for sa...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Winnetka North Shore Real Estate vs. the National Scene Have you read the headlines about the big price drops in many parts of the country? For instance, "Median home price tallies largest annual drop in more than a decade." Inman News. . . "home prices fell . . . for the first time in nearly 11 years " ForbesThe U.S. median home price is $400,52 which is a 3.3% drop over the past year. Many areas experiencing deep declines are pandemic boomtown markets - they grew at unsustainable rates from 2020 through 2022. They, of course, are now selling at bargain prices - really. Boise, Idaho home prices soared by 41% in those years while the rest of the nation experienced a 26% increase in prices. They're paying the "price" now.The North Shore continues to buck that trend. Low inventory is typi...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate for April 2023 14 new listings in Hubbard Woods in April (heavy on the Tudor style!) Seven are already contingent. The least expensive home to be listed was priced at $1,100,000, and the median home price for Hubbard Woods is $1,270,000.Of the 8 closed home sales, 4 went over the list price, one was at the list price, and 3 were under the list price.  14 New Hubbard Woods Homes Listed in April 232 Woodlawn: $1,100,000 (contingent) 955 Vernon: $1,175,000 (contingent) 1413 Tower: $1,270,000 1271 Asbury: $1,295,000 (contingent) 1326 Tower: $1,299,000 1344 Sunview: $1,399,000 1503 Scott: $1,429,000 (contingent) 1045 Dinsmore: $1,995,000 1240 Asbury: $2,399,000 (contingent)     950 Westmoor: $2,549,000 (contingent) 1016 Westmoor: $2,599,000 (contingent) 812...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Home SalesMarch 2023Seven homes closed in March in Hubbard Woods. Four were sold over the list price, and three were sold below the list price. Days on market are starting to get slightly longer.  7 CLOSED HUBBARD WOODS HOMES March 2023 250 WoodlawnList price: $550,000Sold price: $525,000Days on market: 24 1111 MerrillList price: $625,000Sold price: $677,000Days on market: 5 888 Forest GlenList price: $1,049,000Sold price: $985,000Days on market: 95 924 Forest GlenList price: $975,000Sold price: $1,000,000Days on market: 53 1367 ScottList price: $1,799,000Sold price: $1,730,000Days on market: 16 895 TowerList price: $1,750,000Sold price: $1,900,000Days on market: 4   819 HumboldtList price: $2,475,000Sold price: $2,485,000Days on market: 445  5 NEW HUBBARD WOODS L...
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By Doug Anderson
(Blue Fence Real Estate)
Looking for a new home in Winnetka? Look no further! Our website WinnetkaHomesForSale.com is updated every 10 minutes directly from the Multiple Listing Service (MLS) and offers a wide selection of homes for sale in Winnetka, Illinois, making it easy  to find the perfect home for you. From charming historic homes to modern new construction, Winnetka offers a home for every taste and budget. Whether you're looking for a comfortable starter home or a luxury estate, our site has something for everyone.Our website is designed with your comfort in mind, making it easy to search for homes based on your  needs and preferences. You can search by price, square footage, number of bedrooms and bathrooms, and more.  Additionally, we provide detailed information about each home and neighborhood, inc...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka IL Home SalesThere were no homes that closed in February but 6 new listings did come on the market. Which is much-needed inventory! CLOSED HUBBARD WOODS HOMES in FebruaryNo homes closed. 6 NEW HUBBARD WOODS LISTED FOR SALE in February 1469 Scott - $825,000 824 Bell - $1,199,000 1294 Scott - $1,239,000 1243 Scott - $1,239,000 (under contract) 1230 Westmoor - $2,995,000 824 Boal Pkwy. - $3,500,000  While you're here, please see all Hubbard Woods Homes for Sale Sign up to get North Shore real estate news delivered to your inbox.It's free, we'll never sell your info, and you can opt out anytime.What's included?Local market trendsNew listingsLatest transactions Enter your email address at North Shore Real Estate NewsletterSee Margaret's biography
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in February 2023? WINNETKAClick here to see all Winnetka homes sold in February 2023Homes for sale:  19Private network homes for sale:  12Current month's supply of inventory:  1.4See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in February 2023Homes for sale:  17Private network homes for sale:  8Current months supply of inventory:  1.2See Wilmette homes for saleSee Wilmette condos for saleSee Wilmette townhouses for sale KENILWORTHClick here to see all Kenilworth homes sold in February 2023Homes for sale:  12Private network homes for sale: 4Current month's supply of inventory:  1.9See Kenilworth homes for saleGLENCOEClick here to see all Glencoe homes sold in Fe...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
An Art World Mystery That Started in Hubbard Woods in Winnetka I live in Hubbard Woods,  the northern part of Winnetka, IL. Tony, the neighbor who lived behind me, used to walk his dog around the block and always stop at our house. We had a border collie that loved to sit in the front yard (with an electronic fence) and he would always stop to pet my dog. That's how I got to know him.One day while we were talking, he told me an intriguing story. Admittedly, I didn't totally think it could possibly be true. But here it is. He said that he had come across an incredible oil painting in an English antique store. It depicted Mary holding the infant Jesus in her lap as her cousin and John the Baptist looked on. The shopkeeper told Tony that the artwork could be from the Renaissance. I knew To...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Home Report January 2023There were two new homes listed in Hubbard Woods in January and one is under contract. The home at 250 Woodlawn is most likely land value. New Hubbard Woods Listings in January 250 Woodlawn - $550,000  924 Forest Glen - $975,000 (under contract)   Closed Hubbard Woods Listings in January> 1290 Scott List price: $1,999,998Sold price: $2,050,000Days on market: 22   921 Fisher Ln.List price: $2,999,999Sold price: $2,700,000Days on market: 279  Current Hubbard Woods Real Estate MarketHomes for sale: 3Contingent/pending homes: 7Private market homes for sale: 3Condos for sale: 1 in the private market, 4 under contract. While you're here, please see All Hubbard Woods Homes for Sale  Sign up to get North Shore real estate news delivered to your inb...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
The Final Walkthrough - 5 Things Buyers Hate to Find Your closing day is almost here and the buyers have scheduled their final walkthrough. You've emptied the house, made repairs, and cleaned up. What could go wrong?As a seller, you may be unnerved by this. Buyers are allowed to visit the house before closing and make sure the house is as it's supposed to be. It's mostly a benign visit with the buyers excited to head to the close. What are the walkthrough hiccups that can occur?ITEMS THAT BOTH SIDES THOUGHT THEY HAD A RIGHT TOThe second refrigerator in the garage or basement, the stunning chandelier in the dining room - gone! It happens all the time - believe me. Unless you made sure the contract specified the second refrigerator, the seller can take it. This applies to shrubs and trees...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Compelling Real Estate Facts Nationally and in the North Shore There are more than the usual number of articles about the U.S. housing market right now. After two tumultuous years of a seat-of-your-pants ride, everyone has a say on where the market has been and where it's going in 2023.I find this reading engrossing but don't accept my word, have a look:  From the Federal Housing Finance Agency, an interactive chart that shows the top 100 U.S. metro areas and how they ranked in 2022. Eight of the first 10 are in Florida which is not surprising. What is surprising is that many areas that we were told are dying on the vine made the list The National Association of Realtors (NAR) released its list of "10 Housing Markets Expected to Lead the Nation in 2023." Interestingly, Florida does not ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
There's nothing like a simple chart to show off some amazing statistics. Going from right to left, it's easy to see the remarkable changes in the real estate market since 2019. The numbers on this chart encompass all the data for Winnetka, Wilmette, Glencoe, Kenilworth, and Northfield combined:The upward trajectory of North Shore home prices has been relentless for the past three years. There are changes happening now that will affect these numbers but I believe they will not be daunting. By this, I mean that home prices will remain fairly steady or drop slightly as long as inventory continues to stay low. Many pundits are suggesting a recession or housing downturn will occur in 2023. The Federal Reserve chair Jerome Powell has said, "we're passing through a difficult housing correction...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate in December 2022 SOLD HUBBARD WOODS HOMES IN DECEMBER 1304 Asbury List price: $1,299,999Sold price: $940,000 (sold for land)Days on market: 155 1139 OakleyList price: $1,265,000Sold price: $1,175,000Days on market: 12 1485 ScottList price: $1,199,000Sold price: 1,189,000Days on market: 77 932 EuclidList price: $1,699,000Sold price: $1,825,000Days on market: 1 1189 AsburyList price: $2,125,000Sold price: $2,100,000Days on market: 17  NO NEW HUBBARD WOODS HOMES LISTED IN DECEMBER CURRENT HUBBARDS WOODS MARKETHomes for sale: 6Price range: $1,049,000 to $4,795,000Under contract/pending: 3Condos for sale: 0Year-to-Date median price: $1,620,000Months of inventory: 1.4 months Click to see all Hubbard Woods Homes for Sale  Sign up to get North Shore real estat...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
2022 Year-End Winnetka North Shore Luxury Home Report This year, I'm using $5,000,000 + as the market for luxury homes in the North Shore. I previously used $2,500,000+ but prices have risen too much to include so many homes!Luxury sales also benefitted from the super hot market of the past two years. In 2016, I wrote: "The average market time for these homes to sell in 2016 was 262 days." Incredibly, in 2022, the average market time was 80 days. The range of times went from 5 days to 384 days. If it weren't for the outlier of 384 days, the average days would have been just 47 days. Eight of the homes shown below sold for a discount, one sold for full price, and one home sold for slightly over the list price. Seven homes were located in Winnetka, two in Glencoe, and in Wilmette.  North ...
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