Homeward Bound - North

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Chapel Crossing at The Glen, in Glenview

Joe Zekas

20 years on the North Shore without going native.

The Chapel Crossing subdivision at The Glen consisted of large single-family homes. When completed, around 2002, they sold in the $700s to $900s.

Buyers who resold in 2005 and 2006 in some cases saw substantial appreciation in price, but prices appear to have reverted to 2002 levels. Recent resales have approximated 2002 purchase prices, and several homes are currently lingering on the market at prices barely above what they sold for in 2002.

There have also been several foreclosures over the years in this subdivision, typically on homes that were purchased at peak resale prices in 2005 and 2006.

Are current sellers crying at the chapel?



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