Keeping up with Chicago's North Shore Real Estate Market!

Contact Ann

call or text me: 847-691-1111 or email: ann@rannjones.realtor

Friday, September 1, 2017

How's the Market as of September 1, 2017

Boy do I love September.   I can't think of a prettier  place to be than here on the North Shore during this month.  A day like today, well, I just wish I could put it in a bottle and bring it out in January!

September is also the time when real estate picks up again for a mini-fall market before the holidays... let's hope this turns out to be a busy month.

So how was the market in August?


This first chart shows units sold, the second presents the median prices.  
The units sold in August were mixed across the North Shore as compared to 2016.   The uptick of sales in Lake Forest was very encouraging... we saw a corresponding decrease in the inventory levels!   That's good news.   Median prices are tending to remain constant or decreasing.    

I study inventory levels to really have a sense of how local markets are doing. I highlighted in green, red, and blue.

Green = sellers' market

Blue = balanced market
Red= buyers' market

With the exception of Lake Forest,  the North Shore is looking great for sellers, although it's a little more challenging for buyers in some of the other communities.  In Evanston, Lake Bluff, Northfield and Wilmette there is actually a shortage inventory.   All the communities are doing better this year and we're seeing more sales and a healthy market.  

In the next chart I show the high-end sales for each community.  The highest sale was a new construction home on Private Lane in Winnetka. 


There are currently 194 houses for sale on the North Shore that are priced greater than $2M. During the month of August, 15 houses closed in this price range:

Community
Sold this Month
# for Sale
Evanston
1
5
Wilmette
1
9
Kenilworth
1
11
Winnetka
6
50
Northfield
0
8
Glencoe
3
17
Highland Park
0
22
Lake Forest
3
70
Lake Bluff
0
2

Source: MRED (Midwest Real Estate Data) Multiple Listing Service

Have a beautiful September!

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