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

North Shore Real Estate Update – January 2014

North Shore Real Estate Update – January 2014 vs. Year Ago

North Shore Real Estate Update - Jan. 2014Despite our unusually cold and snowy weather, people have been buying houses! North Shore home sales were up 19% in January vs. a year ago. The strongest gains were in Lake Forest (+111%), which is one of the markets that has been slowest to recover after the housing bust. It seems to be benefiting from the low inventory of homes in communities to the south. Home buyers frustrated with the lack of homes in Wilmette and Winnetka are ending up in Lake Forest, where homes are more plentiful.

Median home prices also jumped 25% from last year, with every one of the nine North Shore communities trending up, most with double digit appreciation.

Market time has continued to decline to 123 days, or 4 months, which is below the 6 month market time we see in a balanced market. Wilmette continues to have the shortest average market time, at 53 days, or 1.7 months, driven by extremely low inventory levels.

The key takeaway: the market is back. People are buying houses. Homeowners are recovering some of the equity lost during the meltdown. If you have been thinking of selling, now may be the right time.

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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4 Fun Things To Do On The North Shore~ February 7-9, 2014

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Jody Koplin is a super fun and loving children’s entertainer. Her silly songs are sure to bring a smile to your little ones face. Be sure to see her show this Friday! Details below…

Friday the 7th

Jodi Koplin at Leoleno
Starting at 4:30 pm, Free event!
leoleno, winnetka
976 Green Bay Rd
leoleno, a family-friendly store and learning environment in Winnetka, is hosting Jodi Koplin, one of Chicago’s favorite children’s entertainers. Put on your dancin’ shoes & get ready for some funtastic sing-a-longs.
Jodi Koplin will get the whole family singing and dancing to her original tunes & some old favorites.

Glencoe Junior Hight Project presents “Lucky Stiff”
Starting at 7pm on Friday and continuing throughout the weekend
central school’s misner auditorium, glencoe
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Restaurant Month on Chicago’s North Shore

eating at a North Shore restaurantFebruary is restaurant month here on the North Shore.

That means great deals on dining all month long (even Valentines Day!).  Dozens of North Shore restaurants will be participating by offering a variety of specials and discounts, like free appetizers or desserts with the purchase of an entree, a discount off the entire bill or 2 for 1 specials. Several restaurants will also be preparing lunch and dinner menu items in celebration of the month-long event.

Here is a sampling of the offers:

Avli, 566 Chestnut St. (Laundr Mall), Winnetka
Free dessert with purchase of entree

Celtic Knot, 626 Church St., Evanston
Free dessert with purchase of entree

Maggianos, Westfield Old Orchard, Skokie
BOGO: Order a classic pasta at $12.95 and get one to take home.

Pinstripes, 1150 Willow Rd., Northbrook
Free appetizer with entree

Quince, 1625 inman Ave., Evanston
15% off your check.

Stained Glass, 1737 Benson Ave., Evanston
2 for 1 entree (Sunday-Thursday only)

You can download a complete list of participating reataurants below:
North Shore Restaurant Month List.

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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Wonderful Wilmette Townhouse For Sale

Wilmette Townhouse for Sale1829 Wilmette Avenue, Unit A, Wilmette

This spacious and sunny Wilmette townhouse at 1829 Wilmette Avenue is perfect for anyone who wants a carefree lifestyle. On cold winter days (like today) you can pull into your own two-car attached garage and be in your cozy warm home without having to shovel the driveway or trudge through the snow.

The townhouse has tons of living space, ample rooms sizes and plenty of storage. The main living floor is perfect for parties.  The bright and open living room has a fireplace and hardwood floors and flows right into the dining room and kitchen.

The kitchen was recently updated with granite counters, Wolf cooktop and oven, GE Profile refrigerator and Miele dishwasher.

There are two bedrooms on the top floor with an updated master bath and a hall bath. The third bedroom is on the first floor and can double as an office. It also has its own full bath. The newer LG washer and dryer, also located on the first floor, makes doing laundry easy and convenient.

And for bonus living space, head down to the lower level where you’ll find a rec room that can work as a family room, play room or exercise room.

1829WilmetteAve_LR1

1829 Wilmette Ave_kitchen This 3 bedroom, 3.1 bath home is being offered at $499,000. Showings begin Monday, February 3.

Go here for more information about 1829 Wilmette Ave. If you’d like to arrange a private showing, give us a call at 847-881-6657. We’d be happy to help you!

 

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5 Fun Things a To Do On The North Shore a January 31- February 2, 2014

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“Who’s big, sweaty and playing over the weekend? Shrek is set to hit the stage as well as the battle between the Broncos and the Seahawks! Have a great weekend!”

Friday January 31st

Glenview Park Center’s Annual Princess Ball
Beginning at 6:30 pm on the 31st and at 7:00 pm on The 1st.
glenview park center
2400 Chestnut Ave, Glenview
It will be a night to remember for you and your little princess. The annual royal ball for girls ages 4-12 years and their special dates will be held 6:30-8:30 p.m. Friday, Jan. 31, or 5:30-7:30 p.m. Saturday, Feb. 1 in Park Center’s Lakeview Room. Lovely gowns, music, dancing and refreshments will enhance the magical atmosphere.  The cost for residents is $23/person. Nonresidents are $25/person. Call: 847.724.5670 for details.

The Dolphin Show: Shrek the Musical
From 8-10.30pm
At the Cahn auditorium
50 Arts Circle Drive, Evanston
Northwestern University’s Dolphin Show, America’s largest student-produced musical, is proud to present our 72nd annual production, “Shrek the Musical.”
“Shrek” tells the story of a swamp-living, bug-eating ogre and his journey to save a princess from an isolated tower. Along the way, Shrek encounters characters straight from our favorite fairytales and nursery rhymes while making new friends, experiencing new adventures, and finding true love in the most unexpected of places. Shrek reminds audiences that it is who you are and what you make of it that matters most in our lives, not what you appear to be. “Shrek” debuted on Broadway in December 2008 and is based on the 2001 Dreamworks film and the 1990 book Shrek! by William Steig. Tickets are $15-30 for the general public. Seniors and Northwestern faculty/staff save $3. Students save $10. Buy tickets here: http://bit.ly/1fuTEPl

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How Do North Shore And National Housing Markets Compare?

 Home Sales and Price Comparison – 2013 vs. 2012

North Shore vs US real estate stats 2013
After five years of doom and gloom, we are finally seeing lots of upbeat stories and optimistic predictions in the media about the housing market.

However, almost all of the news we see is about real estate on a national level. Everyone knows that all real estate is local and there really is no “national” housing market. And frankly, each of us only really cares about the housing market in our own little part of the world.

So, North Shore friends, here’s how our world compares with the U.S. as a whole, with the great State of Illinois, and with the Chicago metro area. Yes, the trends are consistent with the rest of the country. The numbers are even more positive when it comes to growth in home sales – up nearly 25% from 2012. A bit more modest when it comes to price appreciation (+7%).

Why have the North Shore home sales come back more strongly than other areas? Partly because of the intrinsic desirability of this area, with its excellent schools and lakefront location. There was (and still is) huge pent up demand for homes here, coming mainly from city condo owners who were finally able to sell and move North.

And why have prices not appreciated as much? Mainly because of the higher average price point of the houses here.  Homes under $700,000 are where most of the growth came from in the past year. But the market for houses in the higher price ranges (which comprise a higher percentage of the housing stock here than elsewhere) has lagged. While there is virtually no inventory of homes under $800,000, there are still plenty of houses to choose from in the upper brackets (especially $2,000,000+).

Jay Cutler’s Winnetka House Goes On the Market

 Jay Cutler at Trapp Lane house

OK, so it’s not exactly HIS house, though he could certainly afford it after signing his seven year contract with the Bears a couple of weeks ago.

But it IS the house that Cutler and his wife Kristin Cavallari have been renting for the past year. Now they are moving on and the house at 1334 Trapp Lane in Winnetka is for sale.

The brick and limestone house, which was built by HighGate in 2006, is set on almost three quarters of an acre on a quiet cul de sac just west of Hibbard Road. Given its thirteen rooms, six bedrooms and six full baths, size probably wasn’t the concern for the celebrity couple, who are expecting their second child this spring. It also has all the bells and whistles any self-respecting QB would want in a home. It even has a backyard big enough for throwing the football around. Whatever the reason they are leaving, the home can now be yours for only $4,499,000. Want to check it out? There will be an open house this Sunday from 11:30 to 1:30…allowing you plenty of time to house-hunt and still get to your Superbowl party.

The home is being marketed by Coldwell Banker Residential Brokerage. The listing agent is Sonia Cohen. For more information about 1334 Trapp Lane, go here.

Learn How To Become a Food Patriot

Food_Patriots_logoA what??

Food Patriots are ordinary people who are taking revolutionary steps to change the food system. They have committed to changing the way they buy and eat food by increasing their consumption of fresh, local and organic food. A new film will show you how you can become a Food Patriot.

The movement is the brainchild of Northbrook filmmakers Jeff and Jennifer Spitz, who produced a film called “Food Patriots” with the goal of starting a conversation that inspires audiences to make a 10% change in the way they buy, eat and talk about food. If they can get enough people to make this very modest and do-able change, it will ultimately pressure both policy and production changes in our food supply. The film was inspired by their son’s three-month battle with a food-borne superbug contracted from factory-farmed chicken (where the animals are fed large quantities of antibiotics).

Go Green Wilmette and the Wilmette Public Library are sponsoring two screenings of the film: Saturday, January 25 at 2:00 pm and Wednesday, January 29 at 1:00. Both screenings will be at the library (1242 Wilmette Ave.).

You can learn more about the Food Patriots movement and see a trailer for the film here.

5 Fun Things To Do On The North Shore~ January 24-26, 2014

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“Rainbow looming is the new craft that boys & girls are falling in love with!”

Friday the 24th

Pinstripes Northbrook
1150 Willow Road
Northbrook, IL 60062
Wine experts and novices alike are invited to get a taste of California with a dinner event featuring William Hill Estate Winery. Chef Cesar Gutierrez will present a four-course menu using winter flavors and West Coast inspired ingredients to pair perfectly with the William Hill collection portfolio. A wine ambassador from the winery will be on-hand to discuss the evening’s pairings and profiles. The wine dinner will take place Friday, Jan. 24 at 7 p.m. in Northbrook. The cost is $60 per person (includes tax and gratuity). Reservations are required. Limited availability. Call 847.480.2323 for more info!

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Wilmette 2013 Home Sales by Elementary School

Wilmette Home Sales by Elementary School 2013

I recently posted 2013 results for nine North Shore communities, showing that Wilmette had a solid 9% increase in home sales and a 6% improvement in median selling price.

But Wilmette is one North Shore community with pretty diverse housing stock, so I wanted to look at the data on a neighborhood level to see if results were consistent across the board. At the neighborhood level, the results are a mixed bag. The most and least expensive neighborhoods showed the biggest sales gains over last year: Central (+27%), Romona (+50%) and Avoca (+8%). Harper and McKenzie sales actually declined vs. 2012, though that is due to lack of inventory rather than lack of buyer demand.

Harper (+14%) and McKenzie (+11%) had the greatest median price increases over last year, in line with high buyer demand and low supply. Central and Romona showed more modest price appreciation (+2% and +8%, respectively), while Avoca actually posted a 5% price decline.

If you’d like to get a detailed report of home prices for your neighborhood, just send me an email and I will send you information on all of the homes that sold there in the last six months.

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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