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

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

Thursday, February 1, 2018

How's the Market? As of February 1, 2018

And now it's February.  January was an incredibly busy month – at least for me.  I’m enjoying my new office and learning the ins and outs of a different brokerage.   @properties has so many fantastic tools and aids to support their agents – I continue to be thrilled with my move.  

And how about real estate on the North Shore?

The first report shows units sold, the second presents the median prices.





The months of inventory on the first chart is a better way of measuring progress. Anything less than 6 months is considered a sellers' market -- anything more than 8 months is considered a buyers' market. With the exception of Lake Forest, the North Shore looks pretty good, although Evanston and Wilmette appear to have a shortage of inventory.   Some of this is seasonal.  Often sellers take their homes off the market during the winter months, thus lowering the inventory levels.   We should probably see inventory levels begin to rise after the SuperBowl coming up. 

In the next chart, I show the high-end sales for each community. The highest sale this month was classic lake front home with over on over two acres in Winnetka.  It sold for $10,000,000!  There is discussion about the house being torn down.  Amazing.


There are currently 156 houses for sale on the North Shore that are priced greater than $2M. During the month of January, 11 houses closed in this price range:
Community
Sold This Month
# for Sale
Evanston
0
4
Wilmette
1
5
Kenilworth
0
8
Winnetka
6
36
Northfield
0
6
Glencoe
1
18
Highland Park
0
17
Lake Forest
3
57
Lake Bluff
0
5

It feels like we’re off to a good start for 2018.  Let’s keep it going!


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

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