North Shore Views
Closed home sales on Chicago’s North Shore were up 24% over last year, reflecting the strong spring market. All towns saw increases except for Lake Forest and Kenilworth. The largest increase was in Northfield (+100%), followed by Glencoe (+60%) and Winnetka (+50%). Highland Park, which has been one of weakest markets in recent years, continued to rebound nicely, with an increase of 27% over last year.
North Shore Real Estate Update – July 2012
Although the total North Shore median price was down 2% from 2011, the decrease is the smallest it has been in some time and prices are in some markets are beginning to rise. Evanston, Glencoe, Glenview and Winnetka all showed increases.
Average market time continued to decrease and was just under five months for the North Shore (six months is the average for a normal market). Wilmette had the lowest market time at 2.3 months, reflecting the active market and low inventory. Evanston and Northfield were also under four months.
If you’d like more detailed information about homes sales or price trends in your market you can find it on our Market Statistics page.
We are North Shore real estate specialists and one of the top teams in the area. If you would like to schedule a buyer or seller consultation with the Come Home North Shore team, please contact us at 847-881-6657 or send us a note here.