North Shore Views
Wow! The North Shore housing market is on fire! Home sales increased a whopping 53% over last year, median prices were up 10% and market time was down 33%.
North Shore Market Update – April 2013 vs. Year Ago
All villages posted sales gains except for Kenilworth and Northfield, with the largest growth in Lake Forest (+133%) and Evanston (+119%). Glencoe and Wilmette also strong gains.
All villages showed price appreciation except for Lake Forest, with Evanston’s median price up 38% from last April.
Market time for the North Shore has decreased to under four months (market time oin a normal market is six months). Glencoe, Wilmette and Evanston are the hottest markets, with homes staying on the market less than three months.
There’s no doubt about it – the recovery is in full swing, with all trends going in the right direction. If you are thinking of selling your home, now may be the right time. There are plenty of buyers out there and not enough homes on the market to satisfy the demand. If you tried unsuccessfully to sell in the last few years, you may want to try again. Your probability of success is much greater now.
Wondering what your house is worth in today’s market? Give us a call at 847-881-6657 and we’ll give you a market analysis.
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