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 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!

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