North Shore Views
The other day I posted the market data for 4th quarter 2011. Today I’m taking a look at North Shore stats for the entire year. Home sales were up a modest 1% for the year, while the median price for a single family home on the North Shore dropped 2%. What’s happened is that, over the course of the year, sales have picked up while prices have continued a gradual decline. Looking back at the 1st half of the year, sales were down 11% and prices were up 4% over 1st half 2010, so sales activity has gained some real momentum in the second half of the year.
Glencoe has had a particularly strong year, with volume up 31%. Glenview and Kenilworth also posted gains. Highland Park finished the year behind 4%, but that is actually a good number compared to where it was at the end of June, which was down 27%. Wilmette finished the year down 2%, but that is at least partly due to lack of inventory for sale in the key $600K-$800K price range.
Lake Forest and Kenilworth were the only towns with positive price trends, but keep in mind that Kenilworth is a very small community and the numbers can easily be skewed by one or two large sales.
North Shore Market Update
2011 vs. 2010
Wondering what your neighbor’s house sold for? Just email us with the address of the property and we’d be happy to send you that information (caveat: only if the transaction has closed. Until then the information is not available).