North Shore Views
North Shore home sales were up 14% in August vs. last year and down 2% vs. July. The communities with the strongest increases were Lake Forest (+58%) and Northfield (+44%). Glencoe and Wilmette were the only two villages that declined. Glencoe came off a very strong July (+25%). Wilmette’s decline was driven by lack of inventory.
The North Shore’s overall median price inched up 3% in August to $637,500, but results were mixed across communities. Highland Park (+14%), Lake Forest (+10%) and Glencoe (+10%) all had healthy gains, while Evanston, Wilmette and Glenview were down.
Market time continues to fall and now averages 2.5 months. Homes in Wilmette and Evanston stay on the market only one to one and a half months.
Now that we are (finally) starting to see prices appreciate again, are you wondering what your North Shore home is worth? You can get a quick and easy over-the-net home valuation by just giving us some basic information about your house. Just go here to submit your info and we’ll send you your home valuation within 48 hours.