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, March 2, 2018

How's the Market as of March 1, 2018?

It was one of those March days when the sun shines hot and the winds blow cold: 
when it is summer in the light and winter in the shade.   
~ Charles Dickens


And so it's March!   Typically the market starts to accelerate during March; more listings come on; buyers come out of hibernation and we start to see lots of sales.  One can certainly hope!

So how was the market in February?









The market varies from community to community.  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 is either balanced or a buyers' market.  Despite the higher inventory in Lake Forest the trend is good and sales are on the rise.  

In the next chart, I show the high-end sales for each community. The highest sale this month was a Howard VanDoren Shaw, lakefront home on 2.3 acres in Glencoe. 




There are currently 178 houses for sale on the North Shore that are priced greater than $2M. During the month of February, 2 homes closed in this price range:


Community
Sold This Month
# for Sale
Evanston
0
4
Wilmette
1
8
Kenilworth
0
10
Winnetka
0
46
Northfield
0
8
Glencoe
1
16
Highland Park
0
17
Lake Forest
0
64
Lake Bluff
0
5



Wishing you a pleasant March!



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

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