Posts tagged "Market conditions"

How long does it take to sell a home?

The question of market time – how long a home has been on the market and how long sellers should expect it to take to sell their home – is one of the most vexing and perplexing in real estate. The short answer is that there is no short answer, but there are some rules... Read more »

Positive news on the negative equity front

According to the latest CoreLogic statistics, 30.1% of all homeowners with a mortgage in the Chicago-Joliet-Naperville area owed more on their homes than they were worth, i.e. they were in “negative equity” territory. That’s the bad news. The good news is that there was a significant decrease in the number of local homeowners in negative... Read more »

North Shore rents spike up 12.8%

According to an Appraisal Research Counselors study, reported recently in Crain’s, suburban apartment complexes in the Chicago area had the lowest vacancy rates in nearly five years and the highest rent levels ever. The Naperville / Aurora submarket had the highest occupancy rate, at 96.9% but saw net rents rise year-over-year by just 0.7%. North... Read more »
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A North Shore news roundup

If you’re homeward bound to Chicago’s North Shore, the local media can help you learn the flavor of the different communities and keep you up-to-date on real estate news. Not all of the recent stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. A historic... Read more »

Are North Shore real estate statistics useful?

Anne West has just published July sales data for North Shore communities at her North Shore Views site – a must-visit for anyone interested in area real estate. Real estate statistics are always problematic. National numbers are useless as an index of local conditions – markets are too variable, and too subject to local economic... Read more »

Under contract quickly in Winnetka

The listing copy for the 4-bedroom, 3 ½ bath home at 349 Hawthorn in Winnetka described it as being “aggressively priced” at $1,150,000. The market apparently agreed, because the home went under contract in less than 10 days. The home is a classic center-hall Colonial on over a third of an acre nearly across the... Read more »
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An award-winning home on a Woodley Road acre

Almost a year ago we called attention to what seemed to be an unusually large number of homes for sale in the Woodley Road area, which is unincorporated but has a Winnetka mailing address. Nineteen homes were listed for sale at that time. Only nine homes are currently listed for sale in the area, priced... Read more »

Home sales heating up in Wilmette

We agonized (a teeny bit) over that headline. Who wants to think about the heat, given our current weather conditions? Real estate broker and blogger Eric Rojas recently took a look at the sales pace of Wilmette homes in the first half of this year, found a substantial increase over last year, and the possibility... Read more »

A North Shore real estate news roundup

If you’re homeward bound to Chicago’s North Shore suburbs, the local media can help you learn the flavor of the different communities and keep you up-to-date on real estate news. Not all of the stories linked below qualify as actual “real estate news,” but they may affect your decision on where to move. A foreclosure’s... Read more »
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New construction in Wilmette's Kenilworth Gardens

The second I saw the newly-listed new construction home at 2240 Thornwood Ave in Wilmette‘s Kenilworth Gardens I thought – “this won’t last.” And it hasn’t. The 5-bedroom (all above grade), 5 ½ bath home with a finished lower level is under contract almost immediately after going on the market at a list price of... Read more »