North Shore Views
According to a recent study by Lending Tree 71% of people who own a home say they are considering moving in the next 12 months! Some are downsizing, some are planning to relocate to another (presumably warmer) climate and some are looking to move up to a larger home.
In fact, another study shows that 75% of the homeowners planning a move will be in that last category: move-up buyers.
If you fall into that category, price and interest rate projections should be a major factor when deciding when to make that move. To give you an idea of the impact of these changes, here’s what happened to those who waited to buy from last year until this year:
Assume they had a home worth $300,000 and were looking at a home for $400,000 (putting 10% down they would get a mortgage of $360,000). By waiting, their house appreciated by 13.8% over the last year (national average based on the Case Shiller Pricing Index). Their home would now be worth $341,400. But, the $400,000 home would now be worth $455,200 (requiring a mortgage of $409,680).
Prices are projected to appreciate at least 4% over the next year, while interest rates are projected to increase a full percentage point. Even though rates will still be low by historical standards, the increase will have a big impact on what you will be able to afford. Every percentage point increase in rates reduces your purchasing power by 11%.
If the timing makes sense, buying sooner rather than later may save you a substantial amount of money over the long term in lower mortgage payments.
We are North Shore real estate specialists and one of the top Realtor teams in the area. If you would like to consult with the Come Home North Shore Team about buying a home or getting your home sold, please call us at 847-881-6657 or send us a note here.
Friday the 21st
Wilmette Park District Presents:
101 Dalmatians Kids & Peter Pan
The Auditorium of the Community Recreation Center
Located at 3000 Glenview Rd., Wilmette.
Performances going on all weekend!
Friday, 7 p.m.; Saturday/Sunday, 2 p.m.
Tickets are $8.50 per person and can be purchased online. Click here to purchase tickets online:http://www.wilmettepark.org Tickets are also available in person at the front desk of the Community Recreation Center or call 847.256.9686.
Normally I make most of my videos in the summer when the North Shore homes and communities are looking their best. But I realized that it’s a lot easier to see what the houses look like when there aren’t any trees or shrubs in the way, so I decided to make a video of Kenilworth Gardens in all of its snowy glory.
If you’d like some help finding a home in this or any other North Shore neighborhood, please give us a call at 847-881-6657. We’d love to help you!
Allow us to write you a prescription for your next sweet tooth!
301 Happ rd.
The Cure: banana cup cakes, gannoche brownies and baked chocolate chip cookies
In Morton Grove
9328 Waukegan rd.
The Cure: double chocolate coffee cakes doughnuts and sweet rolls
410 Sheridan rd.
The Cure: tiramisu, canoli and doughnuts
1000 Davis st.
The Cure: freshly prepared apple strudel, Thursday’s sour cream doughnut (gone by 9), flan and croissants
Why not try a date night of painting? Though you may not leave the studio to go home and hang a Picasso on your wall, you’ll have a great memory full of laughs!
Friday the 14th
Classic Kids Photography’s Lovie Project Fundraiser Launch Party
@ Classic Kids Photography
566 Chestnut, Winnetka
Join Classic Kids Photography on Valentine’s Day for A Lovie Launch Party with free Lovie photo shoots, cookies and hot cocoa.
To celebrate the return of The Lovie Project, an initiative giving people the opportunity to create striking modern art from photos of their beloved childhood friends, Lovie photo shoots are FREE with the donation of a brand new lovie for a child in need. All new lovies collected will be delivered to The Primo Center for Homeless Women & Children. Open house from 10 a.m. to 4:30 p.m. on February 14. Appointments are welcome by phone at 847.446.2064. On the Web: email@example.com
Date Night Classes at Pinot’s Palette
2011 Tower Dr, Glenview
Pinot’s Palette at The Glen Town Center will be opening the weekend of Valentine’s Day. To celebrate, enjoy date night classes throughout the weekend. These date night paintings are painted across two canvases so a couple can bring home one complete piece of art instead of two of the same. For more info call 847.730.5972
Friday, 2/14 – Rendezvous
Saturday, 2/15 – Starry Night
If you are into jazz you probably know Willie Pickens. An incredibly talented jazz pianist, he was named 2013 Chicago Jazz Artist of the Year and is a fixture at jazz venues around town. Lucky for us, he is coming to Winnetka on February 23rd to perform at Winnetka Congregational Church’s 4th Annual Jazz Vespers.
82 year old Pickens has performed with some of the world’s leading jazz artists, and his performance was one of the highlights of last summer’s Chicago Jazz Festival, according to Chicago Tribune’s Howard Reich.
Said Reich, “With his large and complex chords, his great splashes of color and dissonance in the right hand, and his barrel-house octaves in the left, Pickens never lets the dramatic intensity flag.”
Robert Harris, the Director of Music at Winnetka Congregational Church said, “We are so fortunate to have Mr. Pickens as the featured musician at our Jazz Vespers. He is an artist of incredible energy and musical depth, and he typically plays to standing-room only crowds in Chicago jazz venues.”
It’s not every day we have someone of this caliber performing in our little village, so if you are into jazz, you should not miss this opportunity to hear him live. You will not be disappointed.
The Jazz Vespers will take place February 23 at 4:00 pm in the Sanctuary of Winnetka Congregational Church, 725 Pine St. Everyone is welcome! A $20 donation is requested. For more information, call 847-441-3400.
North Shore Real Estate Update – January 2014 vs. Year Ago
Despite 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.
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!
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
Read the rest of this entry »
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.
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.
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!