North Shore Views

Archive for the 'Lake Forest' Category

Independence Day on the North Shore

This year the weather promises to be absolutely perfect for 4th of July celebrations – sunny, clear and warm (not hot) from now through Sunday. There are lots of fun things going on all up and down the North Shore, and if you’ve got the energy, you can spread your celebration out over three days. As always, Wilmette holds its celebration on July 3rd, while Glenview waits til the 5th. (Thunderstorms are currently in the forecast for Monday, so if you live in Glenview you may want to join the festivities in another town on the 4th, just to be on the safe side.). Also, note that, in Winnetka, the parade begins at 1:00 pm and not 10:00 am, as in previous years.

Evanston

July 4
7:30 pm – Twilight Concert featuring the Palatine Concert Band
9:00 pm – The musical fireworks extravaganza will be launched from Clark Street Beach and can be viewed from any part of the lakefront area east of Downtown Evanston.

Wilmette

July 3
4:00 pm -  Games and rides for children, entertainment, roving performers, and a Tastefest at Gillson Park.
7:30 pm – A traditional concert of patriotic music by the Palatine Concert Band in the Wallace Bowl. It will be preceded by a sneak preview of this summer’s Starlight Theatre musical feature.
9:30 p.m – Fireworks begin. In case of rain, the fireworks will be rescheduled to a later date.

The easiest way to get to and from the Independence Day celebrations in Gillson Park is by using the special Pace shuttle bus service. Motorists may park at Edens Plaza or at the METRA commuter lot. To see a complete listing of events or for additional transportation information see the Wilmette Park District’s website.

Winnetka

July 4
1:00 pm – The celebration begins with Winnetka’s annual parade. (Note the change in time from past years). The parade sets off from the corner of Elm and Glendale Streets, and heads east to the Village Green.
2:00 pm – -A flag-raising ceremony, children’s flag parade, and family races follow the parade on the Green.
6:30 pm -  “Fourth Fest,” featuring food, children’s entertainment, and a pre-fireworks concert at Duke Child’s Field
9:15 pm – Fireworks begin

Northfield

July 4
9:45 am -  Bike parade kicks off from two locations — Somerset and Old Willow or the Ameritech Lot. Both routes end at Willow Park.
10:30 am -  Bike judging, music and amusement rides begin. Family activities include relays, wheelbarrow races, a hula-hoop contest and an egg toss. For more information, go to northfieldparkdistrict.org or call 847-446-4428.

Glencoe

July 4
8:00 am – Fun Run starts at the train station, 724 Green Bay Road
10:00 am – Games in Kalk Park, Park Aveune and Green Bay Road
2:00 pm – Parade
6:30 pm -  Barbecue on the beach with children’s entertainment and music
9:00 pm – Fireworks on the beach
847-835-3050

Glenview

July 5

11:00 am -  Bike Parade starting at the corner of Glenview rd. and Church St.
11:30 am -  Main parade starting from OLPH parking lot and ending at Johns Park.
7:30 pm – Twilight Show with patriotic concert by the North Shore Concert Band. The show’s finale will be fireworks synchronized to patriotic music.
847-724-5670

Highland Park

July 4
11:00 am – Parade in downtown Highland Park
12:00 pm – Fourth Fest at Sunset Woods Park
9:15 pm – Fireworks at Wolters Field on Park Avenue West
847-432-0800

Lake Forest

July 4
6:00 pm – Beer garden with kids activities and live music by Sixteen Candles at Deerpath Community Park
8:00 pm – KC and the Sunshine Band
9:30 pm -  Fireworks sponsored by the Lake Forest Symphony

Tags: 4th of july, Independence Day

North Shore Memorial Day Parades

Mostly we think of Memorial Day as a celebration of the start of summer ….the opening of the pool, barbecue parties with friends, baseball games etc. But it’s also a time to remember our war heroes. Here on the North Shore there are several parades and Memorial Day ceremonies this Monday morning. They’re a great opportunity to help our kids understand the meaning of the holiday. And this year it looks like we’ll have great parade-watching weather. Here’s a run down on the parades in our area:

Wilmette

Sponsored by the Village of Wilmette and  Huerter Post #46 o the American Legion, the parade will begin at 10:30 from the corner of Ridge Rd. and Lake Ave. It will proceed east to Park Ave.and south to Wilmette Ave. , finishing up at Village Hall. The ceremony will take place near the War Memorial.

Glenview

You can probably hit two parades if you start with this one, since it’s the earliest of the lot. The procession starts at 9:00 east of the railroad tracks on Pine St. and continues to Glenview Rd..The ceremony will be held at the Veteran’s Memorial at Glenview Rd. and the river.

Winnetka

Winnetka’s parade kicks-off at 10:00 from the corner of Glendale and Elm and heads east to the Village Green. There will be a brief ceremony on the Green following the parade.

Glencoe

The parade begins at central School at 10:30 and proceeds to Veteran’s Memorial Park adjacent to Glencoe Union Church.

Lake Forest

Sponsored by the lake Forest American Legion Post the parade will begin at 11:00 at Market Square. The Legion rifle squad and color guard will step off from the post at 10:30 A.M. and pick up both Boy and Girl Scout troops from the parking lots at Deerpath and McKinley. The color guard will march from Illinois Road and turn onto Western Avenue.

Tags: parades

North Shore Housing Inventory

Here is a snapshot of active listings (single family detached homes) on the market as of April 5, 2010.

Town	# Active Listings	Avg. List Price	Median List Price	Days on Market
Evanston	249	$694,910	$535,000	212
Wilmette	181	$890,392	$719,000	204
Winnetka	182	$2,120,724	$1,497,000	279
Kenilworth	44	$2,188,466	$2,245,000	327
Glenview	357	$754,771	$649,000	242
Glencoe	114	$1,759,373	$1,132,000	249
Northfield	58	$950,160	$659,500	349
Highland Park	295	$1,035,746	$666,000	287
Lake Forest	306	$1,887,223	$1,299,000	314
NORTH SHORE	1786	$1,245,590	$827,000	264

Source: MRED – Deemed reliable but not guaranteed.

Tags: North Shore market data

North Shore Market Update: 1st Quarter 2010

The North Shore housing market looks a whole lot better in 2010 than it did at this time last year. Driven by low interest rates, the home buyer tax credit, plentiful supply of homes to choose from and attractive prices, buyers have returned to the market. Prices are still soft but the rate of decline has slowed.

Housing sales on Chicago’s North Shore increased 56% in the first quarter of 2010 vs. the same period last year. All towns had healthy increases except for Northfield which had one less sale this year than last. The big winner in percentage terms was Kenilworth, which had nine sales this year vs. one last year.

Average prices for sold properties on the North Shore was down 7%. Lake Forest showed the biggest drop (-30%), followed by Winnetka (-21%). Highland Park had only a 1% decrease in average price, while Evanston and Wilmette actually showed increases. Kenilworth’s large increase in average price was driven by the fact that the only sale in 2009 was for an unusually low-priced property for this village.

Days on market for properties sold was down 8% for the North Shore, but the numbers varied widely across individual towns. The largest decreases in market time were in Wilmette (-70%) and Lake Forest (-58%). The largest increases were in Kenilworth (+48%) and Northfield (+38%).

North Shore Market Update – 1st Qtr. 2010 vs. Year Ago*

*Single family detached homes. Source: MRED – Deemed reliable but not guaranteed

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

North Shore Market Update: January-February 2010

For the first two months of 2010 sales of single family homes on Chicago’s North Shore were up 47% over the same period last year. The big winners were Highland Park and Lake Forest, which both more than doubled their sales vs. last year. Kenilworth, which only had one sale in the first two months of 2009, had five this year.

While prices were down 7% from this time last year, the rate of decline does seem to be slowing and the market may be nearing the bottom. Market times are up over last year but down versus previous months and there is less inventory on the market now.

North Shore Market Trends: Jan. – Feb. 2010 (vs. year ago)

Town	Units Sold % chg	Avg. Price % chg	Mkt Time % chg
Evanston	35%	18%	31%
Wilmette	20%	-14%	-27%
Glenview/Golf	16%	1%	3%
Northfield	-25%	-27%	84%
Kenilworth	400%	126%	65%
Winnetka	50%	-19%	11%
Glencoe	9%	-23%	1%
Highland Park	190%	14%	157%
Lake Forest	100%	-14%	-20%
NORTH SHORE	47%	-7%	8%

Source: MRED LLC -Deemed reliable but not guaranteed

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

Lake Forest Real Estate Trends

Lake Forest has had some of the most extreme changes over the past couple of years. Home sales (single family houses, condos and townhomes) have improved dramatically but have been accompanied by large decreases in average pricing. In fact, average prices for December of 2009 were about 50% of prices during the market’s peak, back in late 2007.

Lake Forest Home Sales

December sales showed a 29% jump from November and 100% from December of last year. Total year sales of 187 are 4.5% ahead of 2008. Consistent with other markets, Lake Forest had a weak 1st quarter after which sales rebounded and have held relatively steady since May.

Home Prices

The average sales price was $857,166 in December down 6% vs. November and down 27% vs. December 2008. Pricing in Lake Forest has been consistently trending downward from its high of $1,800,000 in late 2007. While other markets appear to be stabilizing, it’s not clear that Lake Forest prices have hit bottom yet.

Inventory and Months Supply

The total inventory of homes for sale as of December was 347, down 11% from November and down 8% from December of last year. This is the lowest level of inventory in Lake Forest since March 2007. Months supply, a measure of how long it would take to sell all of the inventory at the current rate of sale, was 15.8 months in December, its lowest since August 2007. Lower inventory and months supply should ultimately help bolster prices.

Market Time

The average days on market, which shows how many days a home is on the market before it sells, was 113 days as of December, down 3% vs. November and down 29% vs. December 2008. The combination of low prices and reduced supply is causing buyers to get off the fence and buy.

Read my 2010 outlook for North Shore real estate here.

Tags: Lake Forest, North Shore Chicago home sales trends, North Shore market data, North Shore real estate trends

Wedding Crasher No More

What’s the most elegant wedding venue on the North Shore?

Vince Vaughn would tell you it’s the Armour House at Lake Forest Academy. At least that’s where the star of “Wedding Crashers” chose to tie the knot this past weekend. The Armour House was built between 1904 and 1908 at a cost of $10 million by J. Ogden Armour (heir to the Armour Meat Packing fortune). It was purchased by Lake Forest Academy in 1947 and is now on the National Register of Historic Places.
You can read more about Vaughn’s wedding here and here.

Tags: Armour House, Lake Forest, Vince Vaughn, Wedding Crasher

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