Your Ultimate Guide to Real Estate on Chicago's North Shore

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Guide to Outdoor Ice Rinks (Weather Permitting)

youth hockey players at Watts Ice Center

As a follow-up to our sledding hill round-up, we are pleased to offer you this guide to the North Shore’s outdoor skating rinks. Recently, we’ve seen pics of a few people on the East Coast trying to create their own mini rinks in their back yards. Lucky for you, living on the North Shore means you can skip the hassle since we have a plethora of outdoor options to choose from. However, with the recent “heat wave”, before heading out, it’s best to give these places to call to make sure there is ice.

Call us crazy, but we are kind of looking forward to the return of colder temps, because there’s something truly special about outdoor skating. Even if you hate the cold! And of course, if all else fails, there are plenty of indoor options too, but we all know it won’t stay this warm for long! So hold on to this list….Have you seen next week’s forecast?

Evanston
Dawes Park Lagoon, Sheridan Rd. at Church St. Call 847-859-7822 ext. 8

Baker Park, Forest Ave. at Keeney St. Call 847-859-7822 ext. 8

Wilmette
Gillson Park, Sheridan Rd. and Michigan Ave.
Lighted til 10:30 when usable. Recreational skating only- no hockey

Mallinckrodt Park, Elmwood and Ridge Rds. (Parking in north lot)
Lighted til 10:30 when usable. Recreational skating only- no hockey

Thornwood Park, Dartmouth Ave. and Thornwood Ave. Call 847-256-6100
Available for pond hockey as well as recreational skating Sunday through Thursday from 8 a.m. to 7:30 p.m. and Friday & Saturday from 8 a.m. to 9 p.m.

Winnetka
Pond on the Green, 490 Hibbard Rd. (just south of Winnetka Ice Arena)
This newly refrigerated pond is open 4:00-9:00 pm weekdays and 11:45 am – 9:0 pm weekends, weather permitting. Click here for scheduling info.

Hubbard Woods Park, Green Bay Rd, west of train station
Rink is open 4:00 – 9:00 pm weekdays and 12 – 9:00 pm weekends, weather permitting.

Indian Hill Park, 131 Wilson Street
4:30 – 8 pm weekdays, 2 – 7 pm, weekends weather permitting, unsupervised.
Call 847-501-2052

Northfield
Clarkson Park, 1950 Willow Rd.
Call 847-604-1893

Northfield Park, 240 Lockwood Ave.
Call 847-501-2052

Glencoe
Watts Ice Center, 305 Randolph St.
There are two refrigerated, lighted rinks at Watts so warmer weather is usually not a factor. Call 847-835-3030 for more info.

Glenview
Flick Park, 3600 Glenview Rd.
Lighted til 10:00 pm. Call 847-724- 3337 ext. 26 for conditions.

Johns Park, 2101 Central Rd.
Lighted til 10:00 pm. Call 847-724- 3337 ext. 27 for conditions.

Roosevelt Park, 2200 Grove St.
Lighted til 10:00 pm. Call 847-724- 3337 ext. 28 for conditions.

Highland Park
Sunset Woods Park, 1801 Sunset Rd.
Rink is lighted/open til 9 am – 9 pm daily. Call 847-432-4303 or check online : http://rainoutline.com/search/extension/8475799008/52

Lake Forest
West Park, Green Bay and Woodlands Rds.
Monday – Thursday 3:30-9:00 p.m.
Friday 3:30-10:00 p.m.
Saturday 10:00 a.m.-10:00 p.m.
Sunday 12:00-9:00 p.m.
Call 837-234-6702, ext. 5

Northbrook
Meadowhill Park, 1479 Maple Ave.
Monday – Friday 4:30 – 6:30 p.m. (Kids)
6:30 – 9 p.m (Adults)
Saturday 12 – 8:30 p.m.
Sunday 12 – 6:30 p.m.

Tower Rink, 1225 Cedar Lane
Monday – Friday 4:30 – 8 p.m.
Saturday 12 – 8 p.m.
Sunday 12 – 6:30 p.m.
Call 847-291-2985, ext. 3

Deerfield
You can check ice status online for any Deerfield rinks at http://www.deerfieldparks.org/ice-rink-status/

Jewett Park, 836 Jewett Park Drive.
Lighted family rink and hockey rink, lights operate 5 – 9:30 pm daily

Jaycee Park, 1026 Wilmot Rd.
Lighted family rink, lights operate 5 – 9:30 pm daily

Pine Street Park (Patti Stryker), Pine & Hackberry

Briarwood Park, Greenbriar Dr. & Eastwood

If we omitted one of your favorites, or there is a certain topic you would like to see covered, please leave us a comment! Additionally, we are happy to point out any of these locations as part of our Tour of the Shore, a must do for anyone considering a move to the North Shore. It’s a stress free way to familiarize yourself with the communities, schools, house values and amenities in the area. Call us at 847.881.6657 to find out more.

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Winnetka Housing Market Trends: 2007-2014

Winnetka Housing Market Trends

Winnetka’s home sales fell 32% from 2007 to 2009. Sales reached a record high in 2014 (+18% vs. 2007) before drifting back down to 2007 levels.

Market time has moved inversely with home sales,  reaching a high of 229 days in 2009 before starting a steady decline to 93 days in 2013. The current average market time of 118 days, while higher than 2013’s level, is still significantly shorter than what we see in a “normal” market.

Home prices didn’t reach their lowest point until 2011, when the median selling price fell 26% from 2007 and the average price fell 25%. While we’ve seen steady gains since then, 2014 median and average prices are still 9% and 13% lower than 2007, respectively.

Related Articles:

If your New Year’s Resolution was to buy or sell a home on Chicago’s North Shore, contact The Come Home North Shore Team at Coldwell Banker.  We’re North Shore real estate specialists and our knowledge & experience can save you time & money.  Call Anne West and Paula Weiss at 847.881.6657 or email ComeHome@cbexchange.com.

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Wilmette Housing Market Trends: 2007-2014

Wilmette Housing Markt Trends thru 2014

People are always asking me if the real estate market has fully recovered after the meltdown. The answer is that it depends. It depends where you live, whether you’re talking about home sales or prices and what price range you’re in. Last week I wrote about eight-year housing market trends on Chicago’s North Shore. Now I’m going hyper-local to take a look at the individual communities, starting with Wilmette.

In Wilmette sales hit bottom in 2009 and then started to turn around. Except for a slight dip in 2011 there were steady gains and in 2014 sales were actually 17% ahead of 2007’s pre-meltdown level.

Market time was also longest in 2009, at 169 days, and then began steadily shrinking. Wilmette homes now sell more than twice as fast as they did in 2007 (59 days). This is the lowest of any North Shore market and driven by the Wilmette’s popularity and relatively low levels of inventory available.

Prices have not fully recovered, though they are definitely on the upswing in the last couple of years. While Wilmette home sales hit their lowest level in 2009, prices did not bottom out until 2012 (falling 26% from 2007). Although we have seen nice appreciation in 2013 and 2014, the median selling price is still 10% lower than 2007 and the average price is 11% lower.

Now that we are seeing 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.

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North Shore Chicago Housing Market Trends: 2007-2014

North Shore Housing Market Trends 2007-2014

You hear and read a lot about what’s going on with the housing market recovery, but it’s almost always based on national numbers. The fact is that the recovery is unfolding very differently from one market to another and also from one price band to another, with certain markets and price bands recovering much more rapidly than others.

The graph above shows what’s going on here on Chicago’s North Shore. The data is for single family detached homes in nine North Shore villages (Evanston, Wilmette, Winnetka, Kenilworth, Northfield, Glenview, Glencoe, Highland Park and Lake Forest). In subsequent posts, I’ll break it down further, to show you what’s going on in each individual village.

Since the high in 2007, the number of homes sold declined to a low point in 2009, and then started to climb again, surpassing 2007 levels by 38% in 2013, before drifting back down 10% in 2014.

Prices, however, actually didn’t hit bottom until 2012. While they have been on a healthy upward trajectory in the last two years, the median price is still 19% below the 2007 high while the average price is 23% below.

Market time reached its high in 2009 at 212 days. Since then it has been steadily declining to 91 days in 2014. This is half the time we typically see in a balanced market, and is driven by the low availability of housing inventory the North Shore has experienced in the last two years.

Now that we are seeing 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.

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North Shore Chicago Real Estate Report – 2014

North Shore Real Estate Report – 2014 vs. 2013

North Shore Chicago Real Estate Report - 2014

Despite an improving economy, 2014 home sales on the North Shore were down 10% vs. 2013. This was driven by low levels of inventory as well as continued tight lending standards for home mortgages. Every village was down double digits except Wilmette and Northfield, which increased 2% and 5%, respectively. Kenilworth and Highland Park had the greatest declines, but they were the two villages that had enjoyed the greatest gains in 2013.

While sales were down, prices were up a healthy 6%, slightly higher than predicted at the beginning of 2014. Every village appreciated except Northfield (-6%) and Lake Forest (-1%). Kenilworth gained the most, followed by Wilmette, Winnetka and Highland Park.

Average selling price as a % of list price reached almost 97% early in 2014 when inventory was low and bidding wars were raging. Later in the year as more inventory came on the market it drifted back down to 95.2% by the end of the year, which was even with December of 2013.

As predicted this time last year, housing inventory increased vs. 2013 and ended the year up 13% over December of 2013. Months supply of inventory increased 11% to 5.6 months, which is very close to the 6.0 months supply typical of a “balanced” market. (Months supply is the number of months it would take to sell all the listings currently on the market if no new houses were listed).

Now that we are seeing 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.

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Weekend & New Year’s Eve Fun Dec. 26-31

new year eveThe party is just getting started! From magic and opera, to one of the North Shore’s most beloved holiday traditions, the weekend is filled with lots of fun ways to wind down 2014. And then get ready to wind back up with a variety of festive events to ring in 2105. We wish everyone a wonderful holiday celebration and a healthy and happy new year!

The Merry Widow
Dec. 26 @ 2 pm; Dec. 27 @ 8 pm; Dec. 28 @2 pm; Dec. 31 @ 8 pm
Light opera Work’s Cahn Auditorium, 600 Emerson, Evanston

Everyone’s after her money and Hanna, the saucy widow, knows just how to make them dance to her tune! The famous lost fan, constant flirting and mistaken identities create the most popular Viennese operetta of all time…filled with waltzes, can-cans and dreamy melodies. www.lightoperaworks.org/Widow.html

The Magic of Bill Blagg
Dec. 27@ 7:30 pm, Dec. 28 @ 3 pm
North Shore Center for the Performing Arts, 9501 Skokie Blvd., Skokie

Find out why the Chicago Tribune calls The magic of Bill Blagg “Simply Amazing!” Bill Blagg has astounded audiences nationwide with mind-blowing illusions, such as the world’s only hoverboard illusion. He also brings ordinary objects to life, makes volunteers from the audience levitate in mid-air while others vanish in a millisecond. Everyone is left rubbing their eyes dumbfounded. Go see for yourself! Click here for tickets.

Wonderland Express
Daily Through Jan. 4, 10 am – 6 pm (closed Christmas Day)
Chicago Botanic Garden, 1000 Lake Cook Rd., Glencoe

Wonderland Express is one of the North Shore’s top holiday “must-sees,” and a family-friendly, made-for-memories experience. If you haven’t visited the exhibit yet which is filled with Chicago landmarks, hurry before it shuts down for the season. Kids can look out for Thomas the Tank Engine, while the rest of the family searches for aerialist Nik Wallenda on a tightrope between the Marina City towers! www.chicagobotanic.org/wonderland

NEW YEAR’S EVE:

For the Kids:
Itty Bitty New Year
Dec. 31: 10:00 am -12:00 pm
Oakton Community Center and Exploratorium, 4701 Oakton St., Skokie
Get transported to a mini Times Square at this kid-friendly bash with crafts, treats, DJ and balloon drop at noon! skokieparks.org

Dec. 31: 11:00am -12:30 pm
Watts Ice Center, 305 Randolph St., Glencoe
Kid-friendly bash with outdoor skating, crafts, treats, DJ and balloon drop at noon! glencoeparkdistrict.com

For the Family:
First Night Evanston
Dec. 31: Kids events: 1-4 pm; Evening events:7 pm –
Various locations throughout Evanston

This family-friendly New Year’s Eve celebration features live music by an astonishing array of performers, wonderful children’s and teen entertainment, social dancing, and general merriment. The venues surround Raymond Park in downtown Evanston. A single admission button (worn on your coat) gets you into all the venues. www.firstnightevanston.net/

News Year Eve at Pinstripes
Dec. 31
Pinstripes, 1150 Willow Road, Northbrook

All the fun of Pinstripes (bowling, bocce, food & drink) plus live music, champagne toast, party favors and two balloon drops at 8 pm and 12 am. No cover charge. For more information, click here.

For the Adults:
Feast & Imbibe’s Pop-Up New Year’s Eve
Dec. 31: 6 pm – 4 Course Tasting Menu, 8 pm – 12:30 am Cocktail Party
1601 Payne, Evanston

One of the hottest tickets in town brought to you by two of Chicago’s top culinary stars. The night features two separate pop-up events: a luxurious, sit-down, four-course dinner with champagne pairings and a festive cocktail party featuring passed hors d’oeuvres, a red carpet photo shoot and fire dance performance. Choose one or both! Click here for ticket info.

New Year’s Eve Swing Soiree
Dec. 31: 8 pm
The Crystal Ballroom & Lounge, 529 Davis St., Evanston

Swing in the New Year with a four-course steak and lobster dinner, piano music, live big bands and more. For more info, click here.

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.

Anne West Earns International Designation for Luxury Home Marketing Expertise

Certified Luxury Home Marketing Specialist logoWe are proud to announce that our very own Anne West, co-founder of Coldwell Banker’s Come Home North Shore Team, has earned the prestigious Certified Luxury Home Marketing Specialist® designation in recognition of her experience, knowledge and expertise in the luxury home market.  “Anne West is an example of a real estate professional who has worked to develop market knowledge and the special skills and competencies necessary to provide exceptional service in the fine homes and estates marketplace,” said Institute President Laurie Moore-Moore, upon announcing West’s designation.  “Affluent buyers and sellers can turn to sales professionals who have this designation and be confident that they have special expertise and experience in the luxury home marketplace.”

“I am committed to providing outstanding service to my clients,” said West. “The Certified Luxury Home Marketing Specialist® designation is evidence of my ability to meet the needs of affluent buyers and sellers.  My membership in The Institute for Luxury Home Marketing also provides me with marketing tools and networking capabilities that benefit my clients.”

Another job well done, Anne! For current information on the upper bracket market on Chicago’s North Shore, contact West at Coldwell Banker’s Winnetka office (847.881.6657) or e-mail Anne.West@cbexchange.com

Come Home North Shore is one of the top real estate teams on the North Shore. We are experts at marketing, negotiation and correctly pricing homes to sell and are experienced in the sale and purchase of new construction, lakefront and luxury homes. If you are thinking of buying or selling in the following communities: Wilmette, Winnetka, Glencoe, Evanston, Highland Park, Kenilworth, Lake Forest, Northfield or Glenview, give us a call at 847.881.6657.

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Best Gourmet/Specialty Food Markets on the North Shore

gourmet food 2

Still putting your holiday menus together? Whether you need full on inspiration, assistance with some finishing touches or just want to stock your fridge, the North Shore has some great specialty food spots that just might make your holiday a whole lot merrier!

Poeta’s Italian Food Market
520 Green Bay Road, Highwood, 847-432-3037

A true neighborhood gem. They are known for their fine meats, Italian specialties, homemade pastas, fresh bread and their famous Homemade Italian Sausage and Beef. Their deboned marinated chicken also gets big raves and if you are running short on time, they have a great selection of prepared frozen meals and pizza dough that are mother-in-law full proof.

Zier’s Prime Meat & Poultry
813 Ridge Road, Wilmette, 847-251-4000

Zier’s Prime Meats is an “old-fashioned family butcher shop in a modern time” specializing in the finest Midwestern raised prime beef, fresh poultry, naturally raised pork, veal, and lamb. They have their own smokehouse onsite and offer many varieties of homemade smoked sausages and meats; even smoked salmon. They also offer an extensive line of wild game and American Wagyu KOBE beef; as well as unusual and hard to find gourmet sauces, soups, and spices.

Artisanal
414 Linden Ave., Wilmette, 847-512-3155

Artisanal is another modern-day version of a family-owned neighborhood grocery, offering a wide array of locally sourced, organic and specialty foods. From high quality meats and charcuterie, to fresh cheese, dairy and produce to a tempting selection of grocery items including jams, condiments and cereals; they’ve got it all. And, we didn’t even mention their in-house sushi chef and “The Happy Room” (fun and exciting libations)!

Harrison’s Poultry Farm
1201 Waukegan Rd., Glenview, 847-724-0139

This poultry farm has been proudly serving the finest all-natural poultry to the people and restaurants of Chicago’s North Shore since 1893. In addition to a full range of fresh poultry (chicken, turkey, duck, goose, quail, hen, chicken sausage etc.), the store is filled with great products from local honey and all natural eggs, to an excellent selection of sauces and spices as well as pre-made poultry dishes and sides.

Reagan Meats
1855 Waukegan Rd., Glenview, 847-724-0243

Reagan Meats serves up some of the finest prime and organic meats and produce on the North Shore of Chicago. They process all of their own beef, pork, lamb, veal, and chicken and welcome special requests. They’ll even special order sausages made according to your own family recipes. In addition, they sell a variety of marinades and homemade frozen entrees for when you are in a pinch!

Corner Cooks
507 Chestnut St., Winnetka, 847-441-0134

While there may be some changes going on at the restaurant, Corner Cooks is still providing a wonderful Holiday-to-Go menu that can fulfill all of your holiday needs. Featuring a wide variety of appetizers, soup, salads, entrees, sides and of course, dessert, there is something for everyone on the menu. Please note: orders must be placed by Dec. 19 and picked up on Dec. 24 from 11-1:30.

Foodstuffs
2106 Central Street, Evanston, 847-328-7704
338 Park Avenue, Glencoe, 847-835-5101
1456 Waukegan Road, Glenview, 847-832-9999
225 E. Westminster Avenue, Lake Forest, 847-234-6600

With four locations throughout the North Shore, Foodstuffs has been providing quality gourmet food to Chicagoland shoppers for more than 30 years. Modeled after the European Market concept , they offer a full menu of items including homemade appetizers, soups, entrees, salads, sauces, breads and pastries as well as pates and cheeses, fresh seafood, quality meats, build your own salads and sandwiches and unique shelf products. Visit their website for special holiday menus and ordering deadlines.

If we omitted one of your favorites, or there is a certain topic you would like to see covered, please leave us a comment! Additionally, we are happy to point out any of these locations as part of our Tour of the Shore, a must do for anyone considering a move to the North Shore. It’s a stress free way to familiarize yourself with the communities, schools, house values and amenities in the area. Call us at 847.881.6657 to find out more.

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Top Ten Luxury Home Sales On Chicago’s North Shore In 2014

North Shore Chicago’s top ten luxury home sales of 2014 ranged in price from $4,250,000 to $7,000,000, with a median price of $5,625,000. That’s up 13% from last year but still 6.5% below the 2006 peak median price of $6,020,000.

Three of the top ten this year were in Lake Forest, three in Winnetka, two in Glencoe and one each in Kenilworth and Wilmette. Five of them were lakefront homes. Two were new construction. The oldest home was built in 1897. Property taxes range from $54,000 to $105,000 per year.

Looking for luxury property? You can search currently listed upper bracket homes here.

# 10. 561 Circle Lane, Lake Forest – $4,250,000

561 Circle Lane kitchen

This new construction home by Heritage Luxury Builders sits on one and a half wooded acres with a deeded walking path to an exclusive beach. With sixteen rooms, seven bedrooms, seven full baths, three half baths and six fireplaces, this home has all the bells and whistles, including gourmet kitchen, media room, wine room and a sport court with a seventeen foot ceiling.

# 9. 1160 Michigan Avenue, Wilmette – $4,800,000

1160 Michigan Ave, Wilmette, IL

This wonderful mid-century modern house sits on beachfront property that is truly beachfront, not high on a bluff like most other North Shore lakefront properties. It only has three bedrooms but comes with plans for the addition of two bedrooms on the second floor.

# 8. 443 Sheridan Road, Glencoe – $4,807,500

443 Sheridan Rd, Glencoe

The magnificent Pabst Manor must have seen some amazing parties in its heyday (and probably still does). Built in 1936, the Georgian mansion has recently been completely renovated and redecorated. Situated on over two private acres bordering a ravine, it has lush landscaping, a pool and an outdoor sports court. Inside are eight bedrooms, a walnut-paneled library, four fireplaces and a commercial grade kitchen.mansions

# 7. 115 Meadow Lane, Winnetka – $5,200,000

115 Meadow Lane, Winnetka, IL
Another proposed new construction from Heritage Builders, this home will feature 14,000 feet of living space on 1.25 acre. A total of fourteen rooms will include six bedrooms, 6.3 baths, library, porch, exercise room, media room and sport court.

# 6. 20 Fox Lane, Winnetka – $5,500,000

20 Fox Lane, Winnetka, IL

This stately home, built in 1936 was designed by Stanley Anderson and is located on 1.6 acres on a private lane. Over the years it has been tastefully expanded and extensively updated. It has fifteen large rooms, including seven bedrooms, gourmet kitchen opening to a spectacular family room and library. It also has an outdoor pool, six fireplaces and garage for five cars.

# 5. 80 N. Green Bay Road, Lake Forest – $5,750,000

80 N. Green Bay Rd, Lake Forest IL

My personal favorite, this stone home at the end of a tree-lined private drive feels like an French manor house. It has been updated to provide all the modern amenities while preserving its historic character and charm. It sits on three acres adjacent to the Onwentsia Club and comes with a pool and coachhouse.

# 4. 255 N. Mayflower Road, Lake Forest – $6,100,000

Lake Forest IL Luxury home

This home was designed by noted architect Howard Van Doren Shaw and built in 1897. With over five acres of lushly landscaped property and historic gardens, it’s a gardener’s paradise. Recently restored and updated, the has plenty of room for out of town guests: seven bedrooms and seven full baths. It also has an awesome wine cave and five-car garage, as well as a wide veranda for enjoying views of Lake Michigan.

# 3. 619 Sheridan Road, Winnetka – $6,100,000

Winnetka IL luxury home
This shingle lakefront home was built in 2002. Not as large as some of the other estates, it has thirteen rooms, four bedrooms and four full baths, as well as three half-baths and sits on .7 acre perched on the bluff. You can enjoy panoramic views of Lake Michigan from the patio, gazebo, screened porch or from an Adirondack chair on the lawn.

# 2. 439 Sheridan Road, Kenilworth – $6,200,000

Luxury home in Kenilworth IL439-Sheridan-Beach

With lake views from all the principle rooms and a private beach, living here is like being on vacation. But it’s a short walk to schools and train and just a 25 minute commute to downtown Chicago. On almost an acre, the house , which was built in 1958, has been exquisitely updated for maximum comfort and elegance.

#1. 45 Lakewood Drive, Glencoe – $7,000,000

Highest prced luxury home -45 Lakewood-Glencoe

This year’s most expensive home fetched $7,000,000 after only one day on the market! Built in 1998 on a little over an acre, it has a over 11,000 square feet of living space, with sixteen rooms and six full baths, plus garage space for four cars. It has its own expansive beach and breathtaking lake views from most of the rooms as well as a multi-tiered patio. Recent renovations include a new kitchen and lower level with exercise room, theatre and golf simulator.

Related articles:

If you’d like to see what upper bracket homes are currently available on the North Shore, you can search here. Or give us a call at 847-881-6657 and let us know what you’re looking for. Often we know of homes for sale that are not listed on the MLS. If it’s out there we’ll find it for you!

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.

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North Shore Chicago Real Estate Report – November 2014

North Shore Chicago Real Estate Report – November 2014

North Shore Chicago Market Data - November 2014
The North Shore real estate market has been quiet this fall, and, while market fundamentals are sound, we can say that the recovery is taking a breather. A decline in home buyer activity has driven an 8% decrease in home sales in November and a 9% decrease in the median price to %567,000. Market time, which has been steadily declining over the past year and a half, has leveled off at just over three months in November.

Housing supply is up 13% over November of last year and the months supply of inventory is up 29% to 6.7 months (meaning it would take 6.7 months for all the houses on the market to sell given the current rate of sale). Selling price as a percent of list price, which had increased to almost 97% earlier in the year, has settled back down to 95%. We are seeing more price reductions than we did during earlier in the year, and buyers are enjoying more negotiating leverage now than they did during the spring bidding wars.

North Shore Views is the official website of the Come Home North Shore Team and 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.

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