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

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

Skokie
Ice Rink at Old Orchard Mall, 4905 Old Orchard Center (Skokie Blvd. & Old Orchard Rd.) Lower level by Bloomingdales
Mon-Fri: 5 – 8 pm
Sat: 1 – 8 pm
Sun: 1- 5 pm
Rink will close when temperatures are above 50 degrees, or less than 17 degrees, or if wind chill is below 5 degrees. Weather Hotline at 847-929-7999.

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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Fun Things To Do on the North Shore: Jan. 23 – 25

mike greenberg

I must say we are unbelievably lucky to live in area that is so vibrant and offers such a variety of things to do. This weekend alone, you can relive and/or introduce the ‘lil ones to the adventures of  Frog and Toad, learn about the dramatic history of one of Chicago’s most famous buildings, meet and greet a national radio sports personality and NY Times bestseller, hear the unforgettable stories of Holocaust survivors and round out the weekend as vote caster for the area’s best pizza and bakery. And that’s just one weekend!

“A Year with Frog and Toad TYA”
Jan. 24: 10 am, 1 pm
Northbrook Theatre, 3323 Walters Ave, Northbrook

A Year With Frog and Toad TYA follows the  friendship of two unique characters through the four seasons and reminds us of the special qualities that exist in us all. To purchase tickets: click here.

“My Father’s Wives”
Jan. 24: 12:00-2:00 pm
The Book Stall, 811 Elm St., Winnetka

Mike Greenberg, co-host of ESPN Radio’s “Mike and Mike” sports talk show, signs copies of his new book, My Father’s Wives, and broadcasts live on the radio from the storefront. For more info: (847) 446-8880 or thebookstall.com.

“999: A History of Chicago in Ten Stories”
Jan. 25: 1:30-3:00 pm
Wilmette Historical Museum, 609 Ridge Road, Wilmette

Former Leo Burnett CEO Rick Fizdale, details the wealth, greed, power, corruption and even murder that accompanied the building of 999 North Lake Shore Drive in a talk based on his exciting new book, 999: A History of Chicago in Ten Stories. Learn how this historic landmark, designed by legendary architect and longtime Wilmette resident Benjamin Marshall, figured into one of the most explosive and pivotal moments in Chicago’s history. Click here for more information.

In Conversation With….Survivors of Auschwitz
Jan. 25: 1:30-3:00 pm
Illinois Holocaust Museum, 9603 Woods Dr., Skokie

In recognition of the International Day of Holocaust Remembrance and the 70th anniversary of the liberation of Auschwitz, the Illinois Holocaust Museum hosts a moderated discussion with Holocaust survivors of Auschwitz featuring Northwestern University Professor of History Benjamin Frommer, Director of the Holocaust Educational Foundation. Admission is free but to reserve a spot, click here.

District 113 Pizza Bowl III & Bakery Cup I
Jan. 25: 5:00-7:00 pm
Deerfield High School, 1959 Waukegan Rd., Deerfield

Come sample the district’s finest pizza and sweet treats and cast your vote for the best pizza and bakery in town. Admission $10 ($25 per family) entitles you to sample offerings from 20 vendors as you help crown the undisputed champion! Proceeds benefit the District 113 Education Foundation. For more info: www.district113foundation.org.

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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Best Specialty Gym/Workouts on the North Shore

working outNo more excuses. Whether you made it your New Year’s resolution or not, we could all benefit from a solid fitness routine. The hard part is finding the right training program that will keep you engaged and motivated. If you are intimidated by or dislike the mega gym scene, then this list is for you.

Definition Fitness
522 Lincoln Ave, Winnetka, 847-271-4077

A small, unintimidating neighborhood gym that provides semi-personal workouts at reasonable prices. Definition Fitness utilizes innovative exercises that focus on core and functional training and provides tailored workouts for each of their clients’ fitness goal and physical abilities. Patrons love the professional and friendly trainers, flexibility of schedule and community atmosphere.

Spynergy Inc
813 Oak St., Winnetka, 847-441-8024

Spynergy is a dedicated indoor cycling studio that provides energizing workouts set to inspiring music in an intimate setting. Owned by twin sisters with a cult-like following, it’s a fantastic way to improve cardiovascular fitness, lose weight and increase your energy. More than 30 classes are offered each week which are suitable for all ages and fitness levels. Newbies don’t fret. They offer free, new rider consultations or simply arrive a few minutes early and one of their friendly instructors will help get you set up.

Fit Girl Studio
1642 Maple Ave., Evanston, 847-869-4475

Fit Girl Studio provides a diverse offering of barre, spin and yoga classes to help you cross train and maximize your results in a minimum amount of time. Each class focuses on strengthening and building lean muscle. The studio get huge raves for the quality and small class size, the friendliness and expertise of the instructors, and the cleanliness of the studio and locker room amenities.

Orangetheory Fitness
2800 Central St., Evanston, 847-457-1140

Relatively new to the North Shore, Orangetheory Fitness offers group-based training sessions comprised of three components: treadmill interval training blocks, indoor rowing and weight room or resistance training blocks. The sessions are open to adults and teens, ages 16 and up, and although intense, are open to all fitness levels. Informed instructors change up the workout each time, so you’ll never get bored and you won’t plateau. Many tried and true workout devotees swear by Orangetheory as the best workout they have ever done.

The Daily Method
984 Willow Road, Northbrook, 847-714-9910
410 Green Bay Road, Kenilworth, 847-920-5260
188 E. Westminster Ave., Lake Forest, 847-283-9000

The Dailey Method® is an energetic, one hour, full-body workout that combines core conditioning, stretching, Pilates, and ballet barre work. Unlike a traditional large fitness class, clients receive individual education and 1-on-1 attention with a strong focus on proper form and alignment. The result is better posture, better movement, and a more complete workout. In addition, the Northbrook and Lake Forest location also offer Daily Cycle, a bike-to-barre class that uses The Dailey Method’s signature focus on alignment and form, and delivers a balanced, full body workout resulting in a fun, high-calorie burn. Check each location for various class offerings and times.

Shred 415
300 South Happ Rd., Northfield, 847-929-9545
The Shred415 experience is an instructor-led, calorie-burning, high intensity interval training class designed to target all muscle groups; that guarantees to shred your body. Alternating between two treadmill and two weight-training intervals, you’ll increase muscle and burn calories in a fun, fast-paced workout tailored to your level and your goals. All fitness level are welcome as you select your weights; and you set your pace on the treadmill. Shred415 offers small classes, 30 people maximum, in a comfortable, low lit neighborhood studio.

Body Science PFT
335 Ridge Rd., Wilmette, 847-920-9740

Body Science Personal Fitness Training offers ever-challenging, ever-changing workouts that will get and keep your body at its peak. Their unique environment combines the comraderie of group classes with the discipline and attention of personal training. Instructors tailor the classes to each of their clients’ needs to help them achieve their personal health and fitness goals regardless of fitness level. Private training as well as sessions dedicated to teens are available as well. Clients love the convenient class times and the sincere, knowledgeable, hard-working trainers.

The Bar Method
600 Central Ave., Suite 127, Highland Park, 847-432-9150

The Bar Method is a targeted, full body sculpting workout located in a beautifully, newly renovated space in Port Clinton Square. The hour long class combines isometrics, interval training, dance conditioning, and sports rehabilitation to quickly burn fat and carve muscle. Highly-trained instructors guide you through various series of movements that are designed to isolate muscles so you can feel the burn. The class approach is very hands on, with the instructors continuously calling out cues to improve form. All fitness levels welcome.

Fit4MOM (Stoller Strides)
1900 Old Willow Road, Northbrook, 773-593-3915

Stroller Strides is a total fitness program that new moms can do with their babies. It includes power walking and intervals of strength and body toning exercises using exercise tubing, the stroller and the environment. Taught by certified and specially trained fitness instructors, it is a great workout for any level of exerciser. Moms love the comraderie and support from the group; the little ones love the social aspects and music! Winter months are taught indoors at the Accelerated Center in Northbrook, 224-326-2061.

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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Fun Things To Do on the North Shore: Jan. 16 – 19

cultureIt’s a weekend filled with cultural events. From winter celebrations at the Kohl Museum to presentations on Buddhist art, cocoa making, and humor and ethnicity, there is certainly something on tap for everyone to enjoy. Round out the 3-day weekend, with a chance to give back at the MLK Day of Service in Highland Park.

Wonderland Winter Family Event
Jan 16: 5:30 – 8 pm
Kohl’s Children’s Museum, 2100 Patriot Blvd., Glenview

All aboard for polar express fun! For one night only, Kohl Children’s Museum is offering kiddie polar express train rides through the spectacular holiday lights of their outdoor Habitat Park exhibit! Additional activities include: concerts with Wendy Morgan and DB, special art programming, an appearance by Paddington Bear, free coffee and hot chocolate and a free gift for each child. For more info: kohlchidrensmuseum.org.

Collecting Paradise: Buddhist Art of Kashmir and Its Legacies Opening Day Celebration
Jan. 17: 2pm – 5 pm
Mary and Leigh Block Museum of Art, 40 Arts Circle, Evanston

Robert Linrothe, Northwestern art history faculty member and curator of the exhibition, will provide an overview of this new exhibit by addressing two sets of themes underpinning the exhibition — travel, trade and artistic exchange across the Himalayas between the 7th and 17th centuries; and the consequences of Himalayan Buddhists and Westerners approach to collecting such works. The presentation will be followed by a conversation between Linrothe and Sonya Rhie Quintanilla, the George P. Bickford Curator of Indian and Southeast Asian Art at the Cleveland Museum of Art. For more info: planitpurple.northwestern.edu.

Read the rest of this entry »

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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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Best Places to Sled on the North Shore

sleddingWe know it’s only been one day, but with this unusual day off from school coming right after the Winter break, our bet is that some of you may be coming down with a touch of cabin fever! Don’t let the sub-zero temps scare you, throw on a few extra layers and head to the hills!  Ok, we know in the Midwest that’s easier said than done, but believe it or not we scouted the area and have come up with a list of the North Shore’s best sledding locations.  It may require hopping in your car, but the roads our clear and a little joy ride may do you all some good!

Here is our  list of the best places to sled on the North Shore:

Lake Bluff – Blair Park Sled Hill, 355 W. Washington
This hill has lights and is open until 9:00 pm.

Glencoe – Watts Park Sledding Hill, 305 Randolph St. (across from the outdoor rink)
This barely qualifies as a hill, but it’s perfect for little kids and novice sledders. And convenient for those living in Glencoe and Winnetka.

Techny Prairie Park, 1750 Techny Rd.
Bigger than Watts Park, and therefore good for “intermediate” sledders.

Northbrook- Wood Oaks Green, 1150 Sanders Rd.
Now this is a hill. It’s big and it’s steep enough to give even teenagers a thrill. We’ve seen it in action and  it does not disappoint.

Highland Park – Danny Cunniff Park (Formerly known as Centennial Park), 2700 Trailway St (end of Half day Rd.) Hill is located toward the back of the park, just south of Centennial Ice Arena.

Glenview – Flick Park, 3600 Glenview Rd.
This one’s lighted and open til 10:00pm, but unsupervised. There’s parking right next to the hill.

Glenview – John’s Park
Also lighted and open til 10:00 pm, but unsupervised.

Evanston – James Park (aka Mount Trashmore), intersection of Dodge and Oakton.
Big, steep and bumpy, it’s definitely not for toddlers. In fact, the city of Evanston now prohibits sledding on the large center hill since someone was hurt on it. The side hill is smaller but still plenty fast.

Evanston – Lovelace ParkGross Point and Isabella
Less challenging than Mount Trashmore but kids love it.

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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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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Fun Things To Do on the North Shore: Jan. 9 – 11

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School may be back in session (sort of), but there are plenty of fun, educational experiences beyond the classroom to take advantage of this weekend. And if you are looking for just a little play time, then check out Northbrook’s Winter Carnival or Winter Fest in Highland Park.

Owl Prowl – Two Options
Jan 9: 7 – 8 pm
Heller Nature Center, 2821 Ridge Road, Highland Park

Great Horned Owls are courting this time of year, and their echoing calls can be heard throughout the forest. Learn about owls with hands-on games and activities indoors, then head outdoors for a night hike to listen for owls calling in the wild. For ages 6 and up. Children must be accompanied by a registered adult. Click here for more info.

Jan. 9: 6:45 – 8:30 pm
River Trail Nature Center, 3120 Milwaukee Ave., Northbrook
Geared to slightly older children, (ages 8 and up). Take a hike outside to try and call some local owls. Afterwards, warm up with snacks and hot chocolate while looking at owl artifacts. Registration required. Click here for more info.

Frosty’s Winter Wonderland
Jan. 10: 10 – 11 am
Vernon Area Public Library, 300 Olde Half Day Road, Lincolnshire

Join in the fun with Frosty the Snowman as Dave Herzog’s Marionettes present “Frosty’s Winter Wonderland.” Frosty will be joined by his little brother Popsicle, along with other popular performers including: Termite the Singing Fir Tree, Jake the Snowball Juggler, Jack Frost on the Flying Trapeze and world champion figure skater Brian Victor Paul Rudy Kurt Todd Hamilton. Registration is required. For details, call (224) 543-1486 or go to www.vapld.info.

Close Encounters of the Chemical Kind
Jan. 10: 11 am – 12 pm
Deerfield Public Library, 920 Waukegan Road, Deerfield

For those with science on the brain, this program presented by Science Alliance will include hands-on experiments with color changes, a mysterious genie, gooey slime, springy super balls and more. Registration is required. For details, call (847) 580-8962 or go to deerfieldlibrary.org.

Winter Carnival
Jan 10: 11 am – 1:30 pm
Meadow Hill Park, 1479 Maple Ave., Northbrook

Celebrate the season at this annual Winter Carnival. Enjoy horse drawn trolley rides, sled dogs, ice sculpting, family games, snowshoe obstacle course, ice skating, dj music, bonfire and s’mores and more! Fun for all ages! For more details, go to: www.nbparks.org.

Winter Fest
Jan. 10: 2:30 – 4:30 pm
Centennial Ice Arena, 3100 Trail Way, Highland Park

Celebrate winter with a jammed pack free indoor/outdoor family festival! Bounce in the gymnastic studio or try out figure skating and hockey. (Skating instructors will give free group lessons). Plus, learn how bees, coyotes, and other wildlife survive the cold Illinois winter and meet live winter animals! Crafts, carriage rides, and snow shoeing (weather dependent) will also be on hand! For more info, call: 847.432.4790.

Megan Wells Tells Stories for a Winter Afternoon
Jan. 11: 2- 2:45 pm
Book Market at Hangar One, 2651 Navy Blvd., Glenview

Enchanting and award-winning storyteller Megan Wells will delight children and grownups alike as she shares an engaging selection of folk tales, myths, legends and personal stories. Reservations are required. For details, call (847) 729-7500 or go to www.glenviewpl.org.

The World Music Trio presents…Around the World In an Hour!
Jan. 11: 2 – 3 pm
Glenview Public Library, 1930 Glenview Road, Glenview

Discover world music with twenty rare instruments, hundreds of images, three performers, and stories covering six continents. Anthony, Mary, and Alex Ranieri are experienced musicians who will introduce you to unusual instruments of the world…you can even try them at the end of the program. Click here to register.

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 – 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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