Archive for January 2011

A three-bedroom Winnetka ranch for $4.2M

When a 3-bedroom home that isn’t lived in and hasn’t been updated is listed for sale for $4,200,000 you know there’s something special about it. That’s the case with 771 Sheridan Rd, a 1.3-acre parcel with a 2-story coach house in addition to the ranch home. It’s immediately south of Lloyd Park and has 100... Read more »

North Shore real estate news roundup

Not all of the stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. If you’re homeward bound to the North Shore, the local media can help you learn the flavor of the different communities. Abbott’s bad news for Lake Bluff, North Chicago Bueller? Bueller? Buyer?... Read more »

Want to live in an Evanston landmark?

Central Street, just west of Green Bay Rd in Evanston, is one of my favorite suburban spots. It’s a vibrant stretch of parks, one-of-a-kind shops, restaurants with sidewalk cafes and galleries. In the spring and summer this part of Central Street comes alive with a series of events. The 2500 block of Central hosts an... Read more »

Who's selling homes in Wilmette, Winnetka and Kenilworth?

Coldwell Banker had the largest number of closed home sales during calendar year 2010 in Wilmette, Winnetka and Kenilworth. In Wilmette, where 316 homes were sold at an average price of $691,168, Coldwell Banker had an overall 35.6% market share, representing 132 of the sellers and 93 of the buyers. Koenig & Strey took second... Read more »

Price drop on Fort Sheridan condo

There was tremendous interest on the part of both developers and buyers when a part of Fort Sheridan was decommissioned and converted to residential use. There was also intense competition on the part of neighboring towns to incorporate part of the fort into their boundaries. Highwood added a southern portion and the balance became part... Read more »

Wilmette housing market updates

After wrapping up a note on a $200,000 price reduction on a home at 1418 Elmwood Ave in Wilmette, I moved on to reading the latest reports on price stability and increased activity in the Wilmette market. First up on my reading list was a Wilmette Patch article reporting a sharp increase in sales of... Read more »

The new math for North Shore new construction

During most of 2006 I actively tracked the status of every new construction home on Chicago’s North Shore. In May of 2006 developer Cypress Group was offering 1328 Elmwood Ave in East Wilmette for $2,100,00, and that was toward the low end of the new construction price range in that part of town. The site... Read more »

Gentrifying Winnetka

Several years back I was startled to hear a real estate person refer to the proposed redevelopment of the Fell Company site in downtown Winnetka as a project that would “gentrify Winnetka.” The phrase was shocking because the process of gentrification involves the movement of an affluent group into a low-income area, and no one... Read more »

Lake Forest Sunday open houses

Open house schedules throughout Chicagoland are lighter than might be expected this Sunday, perhaps due to the Bears – Seahawks game. If TV viewers shun the game, as ticket buyers seem to be doing, open house attendance might by higher than expected. Only four Sunday open houses are scheduled in Lake Forest bear country, as... Read more »

Home buyers on the prowl in Winnetka

Earlier today I visited Koenig & Strey’s Winnetka office to pitch agents on real estate video at their Monday morning sales meeting. Every sales meeting I attend turns out to be a great way to gain a snapshot of a local real estate market from the people who know it best – the agents who... Read more »