North Shore Views

Archive for the 'Evanston' Category

Evanston Real Estate Trends

Housing market trends for Evanston (including single family houses, condos and townhomes) mirror those of the rest of the North Shore. The good news: sales are up and inventories are down. The bad news: prices are down vs. last year and time on market is up.

Evanston Home Sales

December sales were up 28% vs. 2008. Total 2009 sales of 682 are down 10% vs. 2008.  However, the lower annual numbers are driven by a very weak market in the first half of 2009. Sales for the 2nd half of the year were up 12% vs. the second half of 2008.

Home Prices

December’s average price of $374,393 was 13% below December 2008 but 18% above the previous month, suggesting the downward slide of prices that began in early 2008 may be stabilizing.

Inventory and Months Supply

The total inventory of homes for sale was 646 in December, down 7% from November and down 9% vs. December 2008. This is the lowest level of inventory in over two years, good news for sellers, since pricing and time on market are ultimately driven by supply and demand. Months supply is 14 months, which means it would take 14 months to sell all the homes on the market at the current rate of sale.  This is 30% lower than December 2008 and moving in the right direction.

Market Time

The average days on market, which shows how many days the average home is on the market before it sells, was 92 days. This is 13% lower than November but 6% higher than last December.

Tags: Evanston, North Shore market data, North Shore real estate trends, North Shore sales trends

Do You Know Where the Candidates Stand?

Find out at two upcoming candidate forums: PRESENTED BY THE LEAGUE OF WOMEN VOTERS WHEN: Thursday, January 7, 7 pm WHERE: New Trier High School Northfield Campus, Room C234, 7 Happ Road WHAT: U.S. 10th Congressional District Republican Candidates:  Elizabeth Coulson, Robert Dold, Arie Friedman, Dick Green, and Paul Hamann Democratic Candidates:  Julie Hamos, Elliot Richardson, and Dan Seals ——- WHEN: Sunday, January 10, 2-5 pm WHERE: Evanston Township High School 1600 Dodge (use Main Entrance) WHAT: 13th Cook County District (2 – 3 pm) and 18th Legislative District (3:30 – 5 p.m.) 13 Cook County District Candidates: Cook County District Commissioner Larry Suffredin and Democratic challenger John Michael Keefe 18th Legislative District Candidates: Robyn Gabel, Eamon Kelly, Patrick Keenan-Devlin, Edmund Moran, and Jeff Smith OPEN TO THE PUBLIC

Tags: 13th Cook County District, 18th Legislative District, North Shore local elections, U.S. 10th Congressional District candidates

North Shore Housing Inventory Snapshot – December 1, 2009

Here’s a snapshot of what’s on the market right now, including list prices and time on market. Not surprisingly, there seems to be a direct correlation between price level and time on market, with Winnetka, Kenilworth and Lake Forest being the priciest markets and also the ones where market time is longest, at well over 300 days.

Town	# Units for Sale*	Median List Price	Average List Price	Average D.O.M.
Evanston	225	$514,000	$695,154	240
Wilmette	155	$710,000	$887,632	280
Glenview	380	$664,950	$792,208	263
Northfield	64	$732,000	$885,750	314
Kenilworth	43	$1,899,000	$2,183,942	336
Winnetka	176	$1,499,000	$1,970,967	339
Glencoe	98	$1,099,450	$1,813,779	259
Highland Park	345	$679,000	$1,027,431	287
Lake Forest	316	$1,250,000	$1,911,778	320
North Shore	1802	$799,000	$1,236,879	288

* Detached single family houses (Source: MRED)

Tags: Glencoe, Glenview, Kenilworth, Lake Forest, North Shore market data, North Shore real estate trends, Northfield, Real estate, Wilmette, Winnetka