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

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North Shore Market Update: April 2012 vs. Year Ago

North Shore Chicago home sales for April 2012 were even with last year, which is surprising given the level of activity in the market right now. For the first time in five years pent up demand is starting to show itself, though it isn’t yet evident in these numbers. Although there were 164 sales in April in the nine communities included in our analysis, there were actually 689 sales pending and will close in the next couple of months.  What we’re seeing is the domino effect of people finally being able to sell their city condos and make the move to the North Shore. As a result, we actually have a shortage of homes for sale in the price range for that city buyer: $500,000 to $900,000. Houses that are updated, in good condition and well-priced are flying off the market in a matter of days, with multiple offers in many situations.

A return to the good old days? Not quite. Prices are still down vs. last year, but the fact that there are so many multiple offer situations is evidence that the market has bottomed out once and for all and we can expect to see it stabilize and begin to make modest increases over the next couple of years.

North Shore Market Update: April 2012 vs. Year Ago

April 2012 Mkt Update for North Shore ChicagoSource: MRED LLC- Data for single family homes. Deemed reliable but not guaranteed.

Want to know what your home is worth in today’s market? Give us a call at 847-881-6657 and we’d be glad to provide you with a complimentary, no obligation, home value analysis. Or you can get a free, quick, over-the-net evaluation.

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Historic Wilmette Farmhouse

832 Chilton Lane, WilmetteWhen this three bedroom house at 832 Chilton Lane in Wilmette goes on the market later this week it’s going to go quickly. Here’s why it’s such a great buy:

  • It’s very well-priced at $629,000.
  • It has loads of vintage charm and hardwood floors throughout.
  • The kitchen and baths have been recently updated.
  • It’s on a double-lot: 111′ x 159′ x 110′ x 153′
  • It’s on a cul de sac street just a quick walk to Romona Elementary School

Built in 1920, we’re told this was the original farmhouse for the surrounding in this area. We’ll be having an open house this Sunday,  April 29 from 12:00 to 3:00 so stop by!

We are North Shore real estate specialists and one of the top teams in our area. If you would like to schedule a buyer or seller consultation with the Come Home North Shore team, please contact us at 847-881-6657 or send us a note here.

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Lakefront Living in Highland Park

Porch at 2714 Sheridan Rd, Highland Park, IL

Go on vacation without leaving home!

Can’t you just picture yourself sitting on this porch on a warm summer evening, sipping a cold drink and gazing out at Lake Michigan? Follow Sheridan Road until it turns into a private lane and you’ll find this spectacular Highland Park home with its lake views and wide lawn that’s perfect for a game of croquet. Living here is like living in a summer resort, all year long.

The home is located at 2714 Sheridan Road and is being offered for $2,199,000. It has thirteen rooms, five bedrooms, four full and two half baths. It’s perfect for entertaining: whether it’s a holiday dinner with your entire extended family in the large formal dining room or a summer pool party out back, this house has plenty of room for everyone. And one of the best things about it is that you have all the advantages of a lakefront property without the sky-high taxes that normally accompany a home on the lake.

It’s going on the market later this week, but if you want more information about it please give us a call at 847-881-6657 or email us. And be sure and join us at our open house on Sunday, April 22.

Pool at 2714sheridan rd, highland park

deck 2714 sheridan rd. highland parklivingroom1_2714sheridan-smdiningroom_2714sheridan-smfamilyroom_2714sheridan-smmasterbedroom_2714sheridan-sm

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North Shore Market Update: 1st Quarter 2012 vs. Year Ago

Home sales on Chicago’s North Shore were up 16% over last year for the first quarter of 2012. Due to the mild weather the spring market started early this year and open houses have been very active since early February. At certain price points we are seeing good houses that are well-priced sell quickly and with multiple offers. In particular, there’s a shortage of inventory in the $700,000 to $1,000,000 price range.

Does that mean prices are on the rise again? Not yet. Median prices were down 20% vs. last year. But the fact that  we’re seeing multiple offers and improving sales price to list price ratios, suggests that the market has finally reached the bottom and is poised to turn the corner.

North Shore Market Update: 1st Quarter 2012 vs. Year Ago

North Shore Chicago Real Estate Data -1st Qtr 2012Source: MRED LLC – Data for single family homes. Deemed reliable but not guaranteed

Want to know what your home is worth in today’s market? Give us a call at 847-881-6657 and we’d be glad to provide you with a complimentary, no obligation, home value analysis. Or you can get a free, quick, over-the-net evaluation.

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Winnetka Colonial Home for Sale

149 Glenwood exterior

Here’s a great house in a wonderful neighborhood on the north end of Winnetka. This delightful brick home at 149 Glenwood has all the charm of a vintage house and all the modern amenities you’d find in a newer home. Listed for $739,000, it’s bigger than it looks from the street. Downstairs it has an elegant living room with floor to ceiling arched windows and a fireplace. The formal dining room opens to a cozy sunroom and to a comfy sunken family room. The eat-in kitchen has been recently updated with granite counters and stainless appliances.

On the second floor there’s a large new master bedroom and bath as well as two family bedrooms and bright and fresh hall bath. Up on the third floor is a fourth bedroom with sitting room/office and half bath, a perfect teenage suite.

Out back is a lovely shaded patio and a two car garage. Just across the street and down the block is a great little neighborhood park and playlot. You can get more info about this home here.

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Charming Glencoe Home for Sale

1025_Green_Bay Rd., Glencoe, IL

Come Home North Shore just listed this charming Glencoe home and, if you are looking for a three bedroom, two and one half bath house that’s been totally redone, this is the one for you!

With incredible curb appeal, the front porch welcomes you home. Sitting back from Green Bay Rd. on a lovely lot, the home features spacious and light-filled rooms and hardwood floors throughout. On the first floor there is a living room with fireplace, dining room, kitchen with granite countertops, cherry cabinetry and top of the line stainless steel appliances. The family room opens out onto the pretty yard with bluestone patio and pergola. Upstairs are three delightful bedrooms, including a fabulous master bedroom with cathedral ceiling and skylights, as well as a luxurious bath. The finished basement has a big rec room, laundry room and plenty of storage.

Here are the best things about this house:

  • It’s been recently redone from top to bottom and has a fresh and young decor.
  • It’s close to town and train and right next door to the Takiff Community Center, which offers activities  for everyone in the family.
  • You will enjoy summer evenings entertaining on your patio.
  • A two car garage is steps from your back door.

Perfection! It’s ready and waiting for you to move in. Go here for more information about this adorable house.

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North Shore Market Update: February 2012

The market is hopping again! North Shore Chicago home sales were up 16% in February over last year. Six of the nine towns we track showed double digit increases, led by Wilmette and Northfield. The only town with declines over last February were Winnetka, Kenilworth and Glenview.

Despite the healthy sales trend, home prices continue to decline and the median price for the nine North Shore communities was down 23% from last year and about equal to 2002 levels. The only towns with positive trends were Evanston, Winnetka and Kenilworth. After decreasing steadily for the last couple of years, time on market has stabilized at six nd a half months, which is typical for a “normal” market.

North Shore Market Update: February 2012 vs. Year Ago

North Shore Market Update: Feb. 2012Source: MRED llc – Data for single family homes. Deemed reliable but not guaranteed

Want to know what your home is worth in today’s market? Give us a call at 847-881-6657 and we’d be glad to provide you with a complimentary, no obligation, home value analysis. Or you can get a free, quick, over-the-net evaluation.

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3 Fun Things To With The Kids On The North Shore: March 2-4

Recycled Circus 02Lost and Found: A Recycled Circus

March 2 at 7:30 pm; March 3 at 4:30 and 7:30 pm; March 4 at 3:00 pm
Noyes Cultural Arts Center, 927 Noyes St., Evanston
Featuring aerial acrobatics and live music. Tickets: $15 adults; $10 for children 12 and under. (800) 838-3006

Joseph and the Amazing Technicolor Dreamcoat

March 2 and 3 at 10:00 am
Marriott Theatre for Young Audiences, 10 Marriott Dr., Lincolnshire
Tickets: $15.

Seussical Jr.

March 3 at 10:00 am
Wilmette Theatre, 1122 Central Ave., Wilmette
Presented by the Actors Training Center. Tickets: $12

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Michael Jordan Lists His Highland Park Home

Gate to Michael Jordan's house in Highland ParkI’ve written before about the North Shore’s most expensive homes, but they pale in comparison to this one.

Michael Jordan’s home at 2700 Point Lane in Highland Park came on the market yesterday, and it can be yours for a mere $29,000,000. Oh, and once you come up with the money to buy the house, be sure you can also afford the yearly tax bill of $165,224.

Wondering what that $29 million will buy you? 32,683 square feet on 7+ acres, enough bedrooms for all your friends, even more bathrooms 15.4 (!), all MJ’s furniture, a pool, tennis court and a full indoor basketball court.

The contemporary house was custom built in 1995 north of Half Day Rd. MJ hasn’t spent much time there of late and is now buying a mega-home in Florida.

Michael Jordan's house

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A Tale of 3 Home Buyers (and Why Picking the Right Real Estate Brokerage Matters)

success_failureOnce upon a time there were three young families looking to move from the city to the North Shore.

The first young family decided to hire an agent from a discount brokerage. They did not think they needed the help of a full service agent to help them find a house. They thought they could find it themselves on the internet and were looking forward to getting a rebate back from their agent when they closed on their new house.

The second young family hired an agent who was good at self-promotion and was very busy. They thought she must be the best because she advertised so much.

The third family hired an experienced agent from the biggest brokerage in town, and they relied on her to counsel them about the market, the neighborhoods and home values and to network with her fellow agents to find out about houses that might be right for them.

Now, it just so happened that all three young families were looking for a house in the same price range. And it just so happened that there were very few good houses on the market in this price range. So when the agent for the third family went to her office meeting on Monday morning, she was listening carefully as the other 100 agents announced what new listings they had. She heard about a new listing coming on the market that sounded perfect for her clients and she immediately asked if they could preview the property even before it was in the MLS. When her clients went to see the house they fell in love with it and decided to buy it. The day it came on the market they put in an offer and within a day they had the house under contract.

The first family with the discount broker and the second family with the busy agent also loved the house, but by the time they got to see it, it was too late.  The third family (with the Coldwell Banker agent) had already snapped it up. They moved into the house of their dreams and lived happily ever after.

The moral of this story: the real estate brokerage you select to help you buy your home really does matter, especially in a busy market. It can mean the difference between success and failure in finding and closing on your dream home.

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