Archive for May 2012

Redfin – multiple offer scenarios common on Chicago's North Shore

Redfin‘s Dario Medina and Mark Reitman stopped by my office the other day for an off-the-cuff discussion of Redfin’s business model and some of the trends its agents have been seeing recently in the Chicago real estate market. One topic I tossed out for discussion was multiple offers. According to Medina, 37% of Redfin’s local... Read more »

Is there a beach at that North Shore lakefront home?

If you’re unfamiliar with North Shore lakefront property you might think the headline question is nonsensical. It’s not. It’s quite common for lakefront homes on the North Shore to have no sandy beach and a steep path down to the water from bluffs that abut the lake. Tableland, i.e. flat areas, can also be scarce... Read more »

New construction steps from McKenzie School in Wilmette

It’s my impression, without benefit of hard numbers to back it up, that there’s been an increase recently in speculative teardown and new construction activity in Wilmette. As I travel around the Village, I seem to encounter construction sites more frequently than in recent years. Lynch Partners, a veteran of the Wilmette market, is building... Read more »

Memorial Day on the North Shore

Memorial Day Weekend is a great time to sample the zeitgeist of the North Shore, whether you’re doing so on the beach or at one of the parades or other events that mark a day of solemn remembrance. You’ll find that the North Shore communities vary markedly in their approach to Memorial Day, as they... Read more »

A walk-to-school location in Wilmette

Romona Road and the cul-de-sacs that branch off of it in Wilmette have long been popular with young families. The location is within easy walking distance of Romona Elementary School, Highcrest Middle School and Wilmette Junior High. If you live on Romona Road you can sip your morning coffee and watch less fortunate parents drop... Read more »

Michael Jordan's home sale not boosting property values

All the media hubbub attending Michael Jordan’s offering his Highland Park home for sale for $29 million doesn’t seem to have boosted property values or sales velocity in the Architecture Point subdivision in which is home is located. Five of the 8 parcels in the subdivision are currently on the market. A 6-bedroom, 7 ½... Read more »

Lake Bluff apartment complex for sale

According to Crain’s Chicago Real Estate Daily, the 224-unit Deer Valley apartment complex in Lake Bluff is for sale a year after it was purchased for $22 million. Prime Property Investors, the owner, reports that Deer Valley’s mix of 1- and 2-bedroom apartments is fully-occupied and that the project’s rent roll has increased from $215K... Read more »

A custom brick contemporary in Northfield

When I was first alerted to the newly-listed home at 2390 Dorina Dr in Northfield my first glance told me that I’d been at the home before. I hadn’t, but it was similar in a number of ways to 2456 Hedge Row, where I shot the following video 18 months ago. The homes, which are... Read more »

A Lake Forest estate with a clay tennis court

Le Corbusier allegedly described a home as “a machine for living in.” For many people it’s a place where memories are made. Forest & Bluff magazine offers a look at the memory-making potential of 1200 N Green Bay Rd in Lake Forest, a home that recently came on the market for $6,250,000. The gracious 11,000... Read more »

Rent a lakefront single-family in Wilmette

There are only a few dozen single-family homes in Wilmette that have private beaches, and it’s extremely rare to see one of them become available for rent. The 6-bedroom home on a 50 x 509 foot lot at 1204 Michigan Ave was just listed as a short-term rental (August 25 to June 14) – just... Read more »