North Shore Views
North Shore Market Update – December 2009
In December 2009 sales of single family homes on the North Shore were up 32% vs. December 2008, while average prices were down 8%. Market time increased 21% to 200 days for sold properties.
Average prices declined in all towns except Glenview and Glencoe. Winnetka and Northfield had the largest price declines AND the largest increase in units sold, so price does seem to be the biggest driver in the market today.
Wilmette was the only town were there were fewer units sold in 2009 than 2008.
December 2009 vs. Year Ago*
| Units Sold | Avg. Price | Market Time | |
| Town | % Change | % Chg | % Chg |
| Evanston | 6% | -24% | 20% |
| Wilmette | -22% | -14% | 28% |
| Glenview | 25% | 16% | 19% |
| Northfield | 200% | -73% | 159% |
| Winnetka | 138% | -39% | -1% |
| Glencoe | 38% | 15% | 69% |
| Highland Park | 22% | -4% | -18% |
| Lake Forest | 67% | -1% | 25% |
| North Shore | 32% | -8% | 21% |
* Single family homes (Source: MRED – Deemed reliable but not guaranteed)
North Shore Housing Inventory Snapshot – December 1, 2009
Here’s a snapshot of what’s on the market right now, including list prices and time on market. Not surprisingly, there seems to be a direct correlation between price level and time on market, with Winnetka, Kenilworth and Lake Forest being the priciest markets and also the ones where market time is longest, at well over 300 days.
|
Town |
# Units
for Sale* |
Median List Price | Average List Price | Average D.O.M. |
| Evanston |
225 |
$514,000 |
$695,154 |
240 |
| Wilmette |
155 |
$710,000 |
$887,632 |
280 |
| Glenview |
380 |
$664,950 |
$792,208 |
263 |
| Northfield |
64 |
$732,000 |
$885,750 |
314 |
| Kenilworth |
43 |
$1,899,000 |
$2,183,942 |
336 |
| Winnetka |
176 |
$1,499,000 |
$1,970,967 |
339 |
| Glencoe |
98 |
$1,099,450 |
$1,813,779 |
259 |
| Highland Park |
345 |
$679,000 |
$1,027,431 |
287 |
| Lake Forest |
316 |
$1,250,000 |
$1,911,778 |
320 |
| North Shore |
1802 |
$799,000 |
$1,236,879 |
288 |
* Detached single family houses (Source: MRED)
- 1 Lake Bluff
- 2 Lake Forest
- 3 Deerfield
- 4 Highwood
- 5 Highland Park
- 6 Northbrook
- 7 Glencoe
- 8 Winnetka
- 9 Northfield
- 10Kenilworth
- 11 Glenview
- 12 Wilmette
- 13Evanston
- 14 Skokie
Contact Us
Anne West
Paula Weiss
Daverille Sher
Realtors
Coldwell Banker Residential Brokerage
847-881-6657
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