Tag: Price reductions

Evanston, Lake Geneva or New Buffalo?

Lake Geneva and New Buffalo are popular second-home choices for many Chicagoans. When I look at some of the beautiful lakefront homes on Chicago’s North Shore, I wonder whether they should be in the running as second homes for city dwellers. That thought occurred to me yesterday when I visited a well-attended broker’s open house... Read more »

$850K price drop on Evanston lakefront home

Last June, when the property first came to market and I saw listing copy describing 581 Ingleside Park in Evanston as the “most beautiful lakefront home” I was skeptical. So, I called the listing agent, Sally Mabadi, and arranged a tour. A quick walk around the home and the grounds quickly overcame my skepticism. If... Read more »

It's price reduction season on the North Shore

North Shore homes for sale often are pulled from the market before the holidays and relisted as “new” after the first of the year. Genuinely new first-time listings start appearing with greater frequency after the Super Bowl – or earlier depending on what kind of a season the Bears have had. Although you won’t see... Read more »

Spacious Northfield home with indoor pool at 20% below 2001 price

The 6-bedroom, 5 ½ bath home at 2456 Hedge Row in Northfield sold for $1,237,500 in June of 2001. When I shot the above video, in November of last year, the home was listed at $1,150,000. It just came back on the market at a list price of $949,900. The home has unusually large rooms... Read more »

Rent with an option to own at Evanston's Grand Bend

When Bluewater Assets Group purchased the remaining 39 unsold units at Grand Bend at Green Bay in Evanston it slashed prices and arranged new financing options for buyers. Large one-bedrooms are now priced from the $170s and two-bedrooms from the $250s. The price reductions have resulted in 14 sales and, while continuing to sell, Grand... Read more »

A 4-bedroom, 3-bath home under $400K in Wilmette

The market has been strong for true 4-bedroom homes in Wilmette. A recent offering at 641 Knox, just over a block from Romona Elementary school, has a plus that isn’t often seen in under $400k 4-bedrooms in Wilmette: a large master suite with a fireplace. Typical of many homes in West Wilmette it offers surface... Read more »

Price ups and downs in Lake Forest, but nearly 3 years without a sale

At $5,249,000, the French Provincial home at 1955 Telegraph Rd is the highest-priced listing west of Waukegan Rd in Lake Forest. It had that distinction in mid-June when it was priced at $4,999,000, late in May when it was priced at $4,995,000 and on May 20, when the price was $5,248,000. It’s undergone multiple, difficult... Read more »

How much have home prices declined in your North Shore ZIP Code?

The Wall Street Journal has a useful interactive map of home price declines – from peak levels – presented on a map by ZIP Code. The color-coding on the map instantly makes clear that there’s been wide variability in price declines among Chicago’s regions and ZIP Codes. That fact helps put the widely-watched Case-Shiller data... Read more »

A Kenilworth starter home is back, with a price chop

In October of 2009 I visited an open house at 611 Roger Ave in Kenilworth and shot the above video with one of the owners. Back then the home had been on the market for 6 months and was priced at $595,000, after several price reductions. The 3-bedroom, 2 ½ bath home just came back... Read more »

Another half-off sale on Glencoe new construction

About six weeks ago I posted on two new construction Glencoe homes that eventually sold for steep discounts from their original asking price. When we first visited 501 Greenleaf (pictured above) in Glencoe, back in July of 2006, the home was still under construction and priced at $4,295,000. It sold last November for $2,050,000, less... Read more »