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

Contact Ann

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

Wednesday, May 22, 2019

Green Tips: Save Money by Going Green

"There are noble reasons to embrace the green movement. You'll protect natural resources, reduce pollution, and help to save the planet.

Environmentalism can also come with personal benefits. The changes you make can help you to save money..."

A reader of my blog was kind enough to point me to this article.   Check it out:
The Definitive Guide to Saving Money by Going Green

Monday, May 13, 2019

New Listing

Today I listed my own home.  So now I join my clients in the hopeful yet stressful process of selling my home. 

Check it out:
1115wdeerpath.info

Wednesday, May 8, 2019

What's happening with the next generation

Since 2013, the National Association of REALTORS® has issued their annual Home Buyers and Sellers Generational Trends Report. The report provides insights into differences and similarities across generations of home buyers and home sellers.
Some key facts from this year's report:

  • Younger Millennials are broken out in this report—at 11% they are now a larger home buyers group than the Silent Generation (7%).
  • Millennials overall remain the largest generation of buyers.
  • 1 in 4 Younger Boomer and Silent Gen buyers are single females
  • Older Millennials are most likely to have children under the age of 18 in the home at 69%.
  • Gen Xers are now most likely to buy a multi-generational home at 16%.
  • Younger Millennials purchase homes through agents, with the highest share of any generation at 92%.

Wednesday, May 1, 2019

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

For a brief moment over Easter, I thought Spring had finally sprung.  Looks like we're still experiencing April showers in May.   Strange weather this year and I can't help but think it is affecting the real estate market.   Time will tell.  

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 continue to have shortages of inventory. 

 In the next chart, I show the high-end sales for each community. The highest sale this month was a 1997 Glencoe lakefront home.   You can read more about it in Crain's.  




There are currently 190 houses for sale on the North Shore, that are priced greater than $2M. During the month of April, 11 houses closed in this price range:

Community
Sold This Month
# for Sale
Evanston
0
8
Wilmette
0
9
Kenilworth
0
14
Winnetka
5
50
Northfield
0
10
Glencoe
3
19
Highland Park
1
13
Lake Forest
2
60
Lake Bluff
0
7

As winter FINALLY comes to an end, I'm going to be listing my own house this month -- a gracious 3BR/2.1Bath ranch home in the Meadowood neighborhood of Lake Forest.  I'm mindful of the transition as I close this chapter of my life as a house owner and go back to living in a maintenance free environment.   I've loved my house and my neighborhood, but it's time to downsize!   If you know anyone looking for a wonderful ranch, tell them to give me a call!

Let's hope the market cooperates as I sell my house!