North Shore Views
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This stunning brick home in Wilmette’s Kenilworth Gardens has plenty of space for everybody! With five bedrooms and three and a half baths it’s one of the larger homes in the neighborhood. It has a huge living room with fireplace and a formal dining room, making it the perfect for house for parties and holiday gatherings. A newer kitchen with adjacent family room opens on to a large deck overlooking the back yard.
Upstairs is a large master suite with cathedral ceiling and skylights plus three more family bedrooms and a hall bath. The fifth bedroom is on the lower level and has its own spa bath, making it a great retreat for guests, nanny or teenager. Also on the lower level is a rec room and laundry. An oversized two-car garage sits at the end of the private driveway.
Kenilworth Gardens is one of Wilmette’s most popular neighborhoods. Friendly and welcoming, there’s always something going on here, from summer block parties to egg hunts, concerts and neighborhood yard sales. The biggest draw is Harper School (K-4), an award-winning elementary school that is walkable from anywhere in the neighborhood. The other big draw is Thornwood Park, with its playlot, ball fields, tennis courts and (in winter) skating pond. Finally, for those who commute to work in the city, Kenilworth Gardens is just a 5 minute walk to the Metra station in Kenilworth.
This home is offered at $975,000. Call the Come Home North Shore Team at 847-881-6657 to arrange a private showing of 2121 Beechwood or send us a note here.
As of June 30, there were 218 active listings in Highland Park, with a median list price of $769,000 and prices ranging from $49,900 to $16,000,000. (If you take out Michael Jordan’s house, the next highest priced house is $9,800,000). The average market time was 84 days.
Single family detached homes represented 87% of the total listings.
33% of them are over $1,000,000.
During June there were 64 closed sales, with a median selling price of $506,000 and ranging from $91,800 to $3,200,000.
Year to date there have been 214 closed sales in Highland Park, with a median selling price of $497,000 and an average of 90 days on market.
Watch this video for more local market data for Highland Park:
Single family detached homes represented 94% of the total listings.
71% of those are over $1,000,000.
During June there were 17 closed sales with a median selling price of $1,025,000 and an average of 60 days on market. Selling prices ranged from $492,000 to $2,650,000.
Year to date there have been 65 closed sales in Glencoe, with a median selling price of $1,025,000 and an average of 129 days on market. Single family detached homes represented 95% of closed sales, with a median sales price of $1,030,000.
Watch this video for more local market data for Glencoe:
Single family detached homes represented 39% of the total listings. 24% of them are over $1,000,000.
During June there were 128 closed sales with a median selling price of $345,500 and an average of 45 days on market. Selling prices ranged from $70,000 to $1,470,000.
Year to date there have been 445 closed sales in Evanston, with a median selling price of $315,000 and an average of 80 days on market.
Watch this video for more local market data for Evanston:
Single family detached homes represented 98% of the total listings. 43 are in Greeley School, 59 in Crow Island, 49 in Hubbard Woods and 26 in Avoca (District 37).
During June there were 27 closed sales with a median selling price of $1,300,000 and an average of 176 days on market. 23 of the closed sales were single family detached houses with a median selling price of $1,353,500 and ranging from $457,739 to $3,300,000. Average market time was 176 days.
Year to date there have been 105 closed sales in Winnetka, with a median sold price of $1,149,000 and an average of 132 days on market. 93 of the closed sales were single family detached homes with a median selling price of $1,240,000 and ranging from $435,000 to $5,500,000. The average market time was 124 days.
Watch this video for more local market data for Winnetka:
Single family detached homes represented 109 of the total listings. 29 are in East Wilmette (Central School), 21 in McKenzie, 24 in Harper, 21 in Romona and 13 in Avoca (District 37).
During June there were 60 closed sales with a median selling price of $785,500 and an average of 50 days on market. 50 of the closed sales were single family detached houses with a median selling price of $930,525 and ranging from $305,000 to $1,678,000.
Year to date there have been 238 closed sales in Wilmette, with a median sold price of $606,000 and an average of 74 days on market. 184 (77%) of the closed sales were single family detached homes with a median selling price of $755,000 and ranging from $210,000 to $2,455,000. The average market time was 60 days.
Watch this video for more local market data for Wilmette:
North Shore home sales declined 10% in the first half vs. last year. The only two villages with increases were Wilmette (+4%) and Northfield (+15%).
Prices, on the other hand, rose 8% vs. the first six months of 2013. Every town but Northfield showed appreciation, with the greatest gains in Kenilworth (+52% off a low base), Highland Park (+27%) and Winnetka (+24%).
Market time continues to decline and Wilmette continues to be the hottest market in terms of speed of sale (60 days).
North Shore Real Estate Update – 1st Half 2014 vs. Year Ago
We are supposedly in a housing recovery. So what is this strange phenomenon of rising prices and declining home sales? It’s because demand continues to outstrip supply, at least in the low to moderate price ranges (above $2,000,000 there is plenty of inventory!). The months supply of homes for sale on the North Shore overall is 5 months, though it ranges from a low of 2.6 months in Wilmette to a high of 10 months in Lake Forest. So, given prices are rising, why aren’t more people selling? One reason is that they are waiting for prices to increase even more (some hold out hope of prices reaching 2006 levels). Others aren’t selling because that would mean giving up a never-to-be-seen-again interest rate if they sold and bought another home. According to CoreLogic more than a third of all homeowners with mortgages have a rate below 4%, many as low as 3.3%. So more people are opting to stay put and hold on to their crazy low interest rate, leading to lower inventory and upward pressure on prices.
Want more data? You can go here to get more market statistics for the North Shore. If you are trying to figure out what your home is worth in today’s market, we can provide you with a competitive market analysis based on sales of similar homes to yours in your own community and neighborhood. Just give us a call at 847-881-6657.
North Shore Views is the most comprehensive online source for North Shore Chicago real estate and community information. Whether you are looking for market statistics, homes for sale or local events, North Shore Views has it all at your fingertips. Browse information regarding our communities, market data, luxury homes, lakefront property, schools and what you should know about making the move to the North Shore.
450 Sunset Drive, Wilmette, IL 60091
This light, bright contemporary home has many recent improvements, beautiful hardwood floors and is freshly painted throughout. You’ll enjoy cooking in the updated kitchen with cherry cabinetry and heated floor. The living room with two exposures is awash with sunlight. The first floor boasts both an office and a family room while the lower level offers additional living space in a large rec room, plus full bath, laundry and plenty of storage space. Upstairs are three generously sized bedrooms and a newer bath.
Click here to see additional images of this Romona contemporary home.
Wilmette’s Romona Neighborhood
The Romona neighborhood is located on the west side of Wilmette, allowing easy access to the Edens Expressway as well as shopping at Old Orchard Mall. It’s a desirable area due to its proximity to award-winning Romona Elementary School, Highcrest Middle School and Wilmette Junior High School. It’s also close to Centennial Park, with its three community pools, indoor tennis courts, community garden and ice arena. Just a short distance west is the Wilmette Community Rec Center, with a health club, preschool and community theater, as well as activities and sports for all ages.
This home is being offered at $489,000. Call the Come Home North Shore Team at 847-881-6657 to arrange a private showing of 450 Sunset Drive or send us a note here.
1249 Cherry Street, Winnetka, IL 60093
This utterly charming English-style stone house is ideally located on one of Winnetka’s favorite tree streets. You’ll love entertaining in the spacious living room with its wood-beamed ceiling and vintage fireplace. On warm summer evenings move the party out to the large screen porch overlooking the backyard, just off the wood-paneled den. The kitchen, with its separate breakfast room, offers plenty of space to create your dream kitchen. A first floor bedroom and full bath is perfect for out of town visitors.
Click here to see additional photos of 1249 Cherry Street
Upstairs is a large master bedroom plus two family bedrooms and bath. The two-level attic offers not only great storage but the potential to create additional living space.
The huge lower level has a finished vintage rec room with bar, workshop, laundry (with laundry chute and built-in bins for sorting) and tons of storage. The old coal storage room is just waiting to be re-born as your wine room. Newer mechanicals and back-flow control system make for carefree living. This home has a two-car detached garage.
The tree streets of Crow Island encompass one of Winnetka’s most desirable neighborhoods. Popular with families the homes in Crow Island come in a mix of styles and are surrounded by mature trees and well-tended yards. The home at 1249 Cherry Street is especially well-located near all three primary schools (Crow Island Elementary, Skokie Middle School and Washburne Junior High), and is just a block to Skokie Playfield, Nielsen Tennis Center, Winnetka Golf Club and Winnetka Ice Arena. Commuting to the city? It’s easy to hop on the Edens Expressway from here or walk to the Metra station.
This home is offered at $725,000. Call the Come Home North Shore Team at 847-881-6657 to arrange a private showing of 1249 Cherry Street or send us a note here.
500 South Avenue, Glencoe, IL
Highgate Builders combines elegance, simplicity and charm in this exquisite Hampton-style shingle and stone home. Just listed by the Come Home North Shore team, the house will be built on an ideally-located property near town, train and schools. (Note: the photos shown below are of previously built Highgate homes).
It’s scheduled to begin construction in late summer or early fall 2014, allowing you to customize many aspects of the home to suit your specific desires. Everything about this home will be of the highest quality and built with the attention to detail that Highgate Builders is known for. The home is being offered at $2,595,000.
The open floor plan will feature gracious room sizes, a sleek and stylish gourmet kitchen with separate eating area, and a paneled library on the main floor. Patios will extend the entertaining spaces to the outdoors.
The second floor will have four generous bedrooms including a luxurious master suite with large walk-in closets and spa bath.
The finished lower level will feature ten foot ceilings, a rec room, exercise room, as well as a fifth bedroom and full bath and plenty of storage. The home will have an attached two-car garage, with the option to add a separate garage for a third car.
Highgate Builders is one of the most well-respected and in-demand builders on the North Shore. Winner of the 2009 Preservation Award, the firm has been featured in Luxe Interiors + Design and Home & Architectural Trends magazines. Highgate is also known for building certified green and sustainable homes. You can see some of Highgate’s new homes here.
If you would like to learn more about plans for this new construction, please call us at 847-881-6657 or email us. Come Home North Shore co-founder Paula Weiss has deep experience in all facets of new construction and can provide you with expert guidance throughout the process.