Lower-priced homes languishing in Winnetka

778 Foxdale Ave, Winnetka, Illinois

Go back a few years and single-family homes in Winnetka priced under $500K were the stuff of fantasy - or ripe for teardown.

The market has changed and there's been a modest supply of single-families in that price range, but a number of them are languishing on the market for long periods of time.

Despite the high curb appeal and $374,500 price tag of 778 Foxdale Ave, pictured above, the 3-bedroom bath-and-a-half home has been on the market since September of 2008. A block away, at 836 Foxdale, a 3-bedroom 3 ½ bath home currently priced at $479,900, has also been on the market sine September of 2008.

839 Cherry St, a 2-bedrooom, 2-bath home priced at $467,000 has been on and off the market sine April of 2007. The home at 425 Winnetka Ave is a relative newcomer, on the market only sine October of 2009. Originally listed at $549,000 it's currently priced at $399,999 after 7 price reductions.

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