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Looking for a change of pace this summer from the pool and beach, here's a compilation from Make It Better, of some of the North Shore's fun street festivals—some familiar, others worth getting to know! 2013 Northbrook Days Village Green Park, corner of Shermer and Meadow Rds. Wednesday, July 31 to Sunday, August 4 A summertime tradition, Northbrook Days is five fun-filled days of carnival rides, games and a "Taste of Northbrook" and a local business expo. Glencoe Festival of Art Saturday August 3 to Sunday...Continue Reading!
North Shore markets are on the rise and that certainly is no different in Wilmette, where the median sale price is up 11% since hitting rock bottom a year ago this same time. Above is a snapshot of Wilmette home values by school-neighborhood through first half of this year. The good news is that all of Wilmette is up, however some areas fared better than others. Low available housing inventory, along with strong demand from buyers have driven prices higher....Continue Reading!
The length of a roof's life is impacted largely by what it is made of. Here are the most common roofing materials found in homes on the North Shore and their statistical life expectancy: Asphalt or fiberglass shingles: 20 -25 years Cement tiles: 30-40 years Cedar shingles: 30 - 40 years Slate: 70-100 years Metal: 60 years Continue Reading!
The media continues to paint a rosy picture of the real estate market. This positive sentiment is being felt here on the North Shore as buyers are scrambling to make offers on the limited homes available for sale. Inventory is down throughout much of New Trier Township with few new properties coming on the market. Homes priced below a million, are often going under contract in a matter of days with multiple offers becoming the norm. Homes priced below a million,...Continue Reading!
If selling your home has been something you have been contemplating......here are 5 reason's why not to wait, since waiting does not always guarantee your home will sell for more . I believe we are seeing an anomaly in the market place, in terms of how quickly home prices have risen and am not sure they are sustainable: 1. The Dearth of Housing Inventory This year’s Spring housing market is turning out to be among the best in years, with buyers out...Continue Reading!
Word on the street is Chicago is a buyer's market, which is the underlying theme in this months edition of Chicago Magazine, Where to Buy Now by Dennis Rodkin. The premise of the article is, it's a good time to purchase local real estate since home values are down in much of the Chicago metro-area on average -38% in comparison to the national average of -19%, since peaking in 2006. Of particular interest is the chart the author prepared, tracking...Continue Reading!
It's always helpful to have a local barometer, in terms of where home values are to the market high of 2006....although admittedly "our" high (the villages comprising New Trier Township) was more like June of 2007. As a whole, the North Shore and more specifically New Trier Township is down, in terms of property values however not to the degree of the Chicago Metro-Land area which is down approximately 33% since 2006. The good news is the market is considered...Continue Reading!
Wilmette Single Family home sales finished the end of 2012 on an up-note, due to increased activity among buyers vying for a shrinking pool of inventory, as noted in Wilmette's Dearth of Housing Inventor . This past year turned out to be a mixed bag for Wilmette depending on the neighborhood in question, with some pockets faring significantly better than others; case in point, in the Romona elementary school district home values rose +18% based on median single family closed...Continue Reading!
The information above reflects the past 12 trailing months through December of 2012, tracking single family homes sales for the villages comprising New Trier Township . The source for much of the local market date is through Midwest Real Estate Data. Interested in learning more about local home values in your area feel free to contact me at [email protected]Continue Reading!