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Posts tagged "Teardowns"

Teardowns once again disturbing North Shore preservationists

Trib Local recently featured a “special report” titled Tearing down the Tearing down the North Shore. According to Trib Local, teardowns are once again on the rise on the North Shore and historical preservationists are once again perturbed. A cynic might call it a tempest in a crackpot, given how easily some preservationists are roiled... Read more »
By Joe Zekas,
April 22, 2012 at 6:59 pm
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Looking to buy new construction on the North Shore?

Looking back to 2007 it’s now clear that a cottage industry of home builders overbuilt the market for new single-family homes in the $1 million and up range. Prices collapsed for a while, and speculative new construction – homes built without a buyer in hand – came to a virtual halt. We’re now seeing a... Read more »
By Joe Zekas,
January 22, 2012 at 1:46 pm
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Are Winnetka teardowns a sign of an improving market?

Last week I posted on the relative paucity of listings advertised as teardowns or vacant land on the North Shore. The few available listings may represent only the remnants of a larger pool of properties. There are indications that teardown activity is picking up again – a potential harbinger of an improving market. The Village... Read more »
By Joe Zekas,
July 4, 2011 at 4:05 pm
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Is Winnetka Cook County's teardown capital?

View Winnetka teardowns & new construction in a larger map The current issue of Crain’s Chicago Business (subscription required) reports a moderate resurgence of the teardown phenomenon in suburban Cook County. According to the Crain’s article, which was based on a recent study published by Harvard’s Joint Center for Housing Studies, Winnetka earned the “teardown... Read more »
By Joe Zekas,
April 4, 2011 at 3:53 pm
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A closer look at some East Winnetka teardowns

We’ve written before about the scale and generally high quality of teardowns and new construction in Winnetka, particularly during the middle of the last decade. When we were field surveying North Shore teardown activity in 2006, one street in East Winnetka stood out. In a short span, there were eight active teardown projects offered for... Read more »
By Joe Zekas,
March 2, 2011 at 9:41 am
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East Wilmette farmhouse below 2006 land price

A few short years ago teardown prospects on smaller lots in less desirable parts of Wilmette were selling above the $535,000 asking price of the home at 1133 Lake Ave in East Wilmette. The 11-room, 5-bedroom, 2 ½ bath home sits on a 50 x 185 lot about a block from the Wilmette Metra station... Read more »
By Joe Zekas,
October 17, 2010 at 5:23 pm
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Winnetka teardown pace slower, but continuing

Only 13 demolition permits were requested in Winnetka from December 2009 to mid-July 2010, the most recent data available online. The pace of teardowns is slower than it was several years back, but the phenomenon is likely to continue, spurred by lower land prices and construction costs. Join me for a very brief look at... Read more »
By Joe Zekas,
September 7, 2010 at 6:03 pm
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Home buyers quandary - Hinsdale or Winnetka?

At recent open houses in Winnetka I’ve talked to several young buyers who were looking in the $1 million price range in Winnetka – and in west suburban Hinsdale. They had as yet developed no strong preference for either location. The only rivalry between Hinsdale and Winnetka that I’d previously aware of was when Hinsdale... Read more »
By Joe Zekas,
April 21, 2010 at 6:13 pm
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Winnetka teardowns - where, oh where, has Winnetka gone?

View Winnetka teardowns & new construction in a larger map Teardown activity in North Shore communities slowed dramatically over the past two years. That’s one of the reasons (excuses?) I give myself for not updating my Winnetka teadown map during the past two years. The map shows some impressively dense clusters of activity – and... Read more »
By Joe Zekas,
April 16, 2010 at 9:46 pm
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