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

Sunday, March 31, 2019

How's the Market as of April 1, 2019?

The sun is shining and it looks like Spring... the air may be a bit chilly, but at least there is no snow on the ground - finally!  

As I was preparing these charts, I was trying to see how different the numbers were from last year.   Year on year, things are about the same.   For example, this time last year 160 YTD units had sold in Evanston -- this year 162.  Last year 64 YTD units has sold in Lake Forest -- this year 69.  Given how cold the winter was, I find this news rather encouraging.   We didn't seem to lose traction during the first quarter.  Some towns did better than others, but it feels like we have settled into new normal.  

So 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 and Kenilworth, most of the North Shore looks pretty good.   Wilmette and Evanston actually have a shortage of inventory.   

In the next chart, I show the high-end sales for each community. The highest sale this month was a 1955 Glencoe lakefront home situated on 1.2 acres.  Read more about it: North Shore lakefront mansion is priciest suburban sale this year


There are currently 173 houses for sale on the North Shore that are priced greater than $2M. During the month of March, 8 houses closed in this price range:

Community
Sold This Month
# for Sale
Evanston
0
7
Wilmette
0
8
Kenilworth
0
10
Winnetka
4
49
Northfield
0
9
Glencoe
1
18
Highland Park
0
10
Lake Forest
2
55
Lake Bluff
1
7

After this long winter, let's hope for a beautiful spring!
Source of data: MRED (Midwest Real Estate Data) Multiple Listing Service

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