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

Tuesday, April 3, 2018

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

Hello April!  

As vacations end, the spring market takes off in full force!  Just since the first of April,  59 new listings have been entered into the MLS on the North Shore.  We're off with a bang!  

So how was the market in March?  I would have to say that it seems a bit slower than usual.  While there are exceptions, the number of units sold seemed to decrease in March.   That said, inventory levels seem to be improving.


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 lovely home rebuilt by the Poulton Group located on over an acre and a half on Onwentsia Road in Lake Forest.


There are currently 201 houses for sale on the North Shore that are priced greater than $2M. During the month of March, 9 homes closed in this price range:


Community
Sold This Month
# for Sale
Evanston
2
5
Wilmette
0
9
Kenilworth
1
15
Winnetka
3
53
Northfield
1
10
Glencoe
0
18
Highland Park
0
19
Lake Forest
2
67
Lake Bluff
0
5


Happy Spring!

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

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