What Sold in Your North Shore Village in March 2023? Most notably, inventory is creeping up but very slightly. Winnetka had 24 homes for sale a year ago and 30 now. Wilmette had 12 last year and 20 now. It's the same in every village along with the concurrent lessening of multiple offers. Most homes have been selling very close to the list price, with fewer properties selling $100,000s of dollars over the asking price. That still happens but it's becoming rare.The North Shore continues to have a robust seller's market with the supply of inventory well below a "balanced market" of 5-6 months of inventory.   WINNETKAClick here to see all Winnetka homes sold in March 2023Homes for sale:  30Private network homes for sale:  12Current month's supply of inventory:  1.5Year-to-Date median price... 04/13/2023

Looking for a new home in Wilmette? Look no further! Our website WilmetteHomesForSale.com is updated every 10 minutes directly from the Multiple Listing Service (MLS) and offers a wide selection of homes for sale in Wilmette, Illinois, making it easy  to find the perfect home for you. From charming historic homes to modern new construction, Wilmette offers a home for every taste and budget. Whether you're looking for a comfortable starter home or a luxury estate, our site has something for everyone.Our website is designed with your comfort in mind, making it easy to search for homes based on your  needs and preferences. You can search by price, square footage, number of bedrooms and bathrooms, and more.  Additionally, we provide detailed information about each home and neighborhood, inc... 03/10/2023

What Sold in Your North Shore Village in December 2022? WINNETKAClick here to see all Winnetka homes sold in December 2022Homes for sale:  16Private network homes for sale:  9Median price year-to-date:  $1,525,000 Current month's supply of inventory:  1.3See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in December 2022Homes for sale:  14Private network homes for sale:  15Median price year-to-date:  $900,000 Current months supply of inventory:  1.1See Wilmette homes for saleSee Wilmette condos for saleSee Wilmette townhouses for sale KENILWORTHClick here to see all Kenilworth homes sold in December 2022Homes for sale:  3Private network homes for sale: 7Median price year-to-date:  $1,958,000 Current m... 01/04/2023

What Sold in Your North Shore Village in November 2022?Check out the median year-to-date number below where I've indicated where it was in January (in italics.)  Prices have risen considerably over 2022 and while most pundits don't think housing prices will rise, I'm pretty certain that in 2023 they will most likely remain steady.  WINNETKAClick here to see all Winnetka homes sold in November 2022Homes for sale:  23Private network homes for sale:  8Median price year-to-date:  $1,555,000 (was $1,330,000 in January)Current month's supply of inventory:  1.3See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in November  2022Homes for sale:  22Private network homes for sale:  6Median price year-to-date:  $... 12/06/2022

What Sold in Your Winnetka North Shore Village October 2022The statistics in this report reflect sales in September 2022. Many of these stats are almost exactly the same as they were in March 2022, when the market was very hot and mortgage rates had not yet risen.There are a few notable changes in some villages from March until September: Winnetka's median price rose by 7%, Wilmette's median price rose by 6%, Kenilworth's by 31% (remember, a small village with fewer statistics), Glencoe's rose by 15%, and Northfield's was unchanged. The months-of-inventory numbers have stayed almost exactly the same, meaning that inventory is still very low. Mortgage rates (for a 30-year conventional fixed-rate) have increased by 87%. March rates were 3.875% vs. 7.25% today. This has not, as yet, impact... 11/08/2022

Halloween in Winnetka and the North Shore On a particularly mild Chicago afternoon, I grabbed my bike and camera and rode around the North Shore. I snaked by through Kenilworth, Wilmette, Winnetka, and finally Glencoe. I hadn't set out to photograph Halloween decorations, but they were (as always) so fun I had to!North Shore residents take their holiday decorating seriously. Halloween decor starts showing up in the third or fourth week of September. And Christmas/Hannukah decorations are often displayed before Thanksgiving and can stay up for months afterward. So here's my array of the local Halloween scene covering all tastes: scary, sweet, gory, whimsical, and funny. See the whole array of photos at Winnetka & North Shore Halloween Photos While you're here, please see all North Shore ... 10/29/2022

Midwest Outpacing the Coasts as Housing Cools Just a few years ago the Midwest lagged behind every real estate market in the country. As home prices rose to astronomical heights elsewhere, we were struggling with long market times and slumping prices.  Now, according to a report:  "Redfin reports Chicago, Albany, and Milwaukee are among the housing markets holding up better than others as the U.S. faces high mortgage rates and an uncertain economy"Nine of the 10 housing markets that are holding up best are located in the Midwest or the East Coast. Redfin also said:"Lake County, IL—located about 45 miles north of Chicago—is holding up better than any other metro in this analysis. It’s followed by Albany, NY, and Chicago. Rounding out the top 10 are New Haven, CT; Milwaukee; New Brunswick... 10/05/2022

Here is What Sold in Your North Shore Village in July 2022Nationally, changes are happening a bit faster than here on the North Shore. These changes include price reductions, increased market times, and contracts falling through. In other words, the usual.In spite of these changes starting to occur here, the numbers from July 2022 were very strong. Of course, these statistics are lagging indicators since they went under contract several months ago. Inventory is up in all villages from the previous month (which I have indicated, below) and this is good for buyers looking in our area. The median price has also risen across the North Shore.  WINNETKAClick here to see all Winnetka homes that sold in July 2022Homes for sale: 37 (29 last month) Private network homes for sale: 5Median price ye... 08/03/2022

Wilmette IL Condos for Sale at 1616 Sheridan Road1616 Sheridan Road is a condo building located on the lakefront in the area known as No Man's Land. It is conveniently located right across the street from shopping, restaurants, medical, and dental offices.The building was built in 1961 and has 10 stories and 83 units. They range in size from 1-bedroom up to 3-bedroom and are always on one level (no stairs.)  1616 Sheridan is one of the few buildings along the lake to allow a few rentals.The building does not have a doorman and residents use key fobs to enter the building.  Most do this through the garage, entering within a secure area of the building. There is an on-site manager, garage man, and maintenance staff.The amenities include an outdoor pool, private beach, guest suite, party r... 07/19/2022

Winnetka North Shore Condo Report Jan-June 2022Condo and townhouse sales have been robust in the North Shore villages of Winnetka, Wilmette, Glencoe, Northfield, Glenview, and Evanston.Evanston has the highest inventory and thus the largest number of sales. Conversely, Glencoe doesn't have the condo inventory of other towns but what they do have sold quickly and for slightly over the asking price. Going back to 2019 (chart below) it's interesting to see that while sales are generally lower, the median price ranges back and forth from higher to lower. The one constant is that the average market time was higher and the list-to-sell ratio was lower in 2019. Note that in 2019, Glencoe condo sales were dismal. They had long market times and sold for much less than the list price. And a compl... 07/11/2022

See What Sold in Your North Shore Village in June 2022 WINNETKAClick here to see all Winnetka homes that sold in June 2022Homes for sale: 36 ($650,000 to $16,000,000)Private network homes for sale: 9Median price year-to-date: $1,500,000Current supply of inventory: 1.4 monthsSee all Winnetka homes for saleSee all Winnetka condos for sale WILMETTEClick here to see all Wilmette homes that sold in June 2022Homes for sale: 40 ($385,000 to $3,200,000)Private network homes for sale: 8Median price year-to-date: $895,000Current supply of inventory: 1.1 monthsSee all Wilmette homes for saleSee all Wilmette condos for sale  KENILWORTHClick here to see all Kenilworth homes sold in June 2022Homes for sale: 11 ($900,000 to $14,000,000)Private network homes for sale: 3Median price year-to-date: $2,100... 07/07/2022

Have you driven by the Mallinckrodt building on Ridge Road near Lake Avenue and wondered what they are like inside? Does it feel like the former convent it once was or the school it was converted to?The answer is yes . . . and no!  This beautiful Renaissance building has retained some of the stunning features of its past, both inside the converted condos and outside. But beyond that, the nun's rooms and classrooms are long gone in favor of quality built units with all the modern amenities.Mallinckrodt sits on a stunning 14-acre park in a residential section of Wilmette, near transportation and shopping.  There was much discussion about how to develop the complex when the Village of Wilmette purchased it, finally deciding to keep the building and convert it into condos for active seniors... 06/21/2022

What Sold in Your Winnetka and North Shore VillageMay 2022 May was a big month for sales in Winnetka, Wilmette, and Glencoe where there was an average 41% increase in total home sales over April. The current supply of inventory went down slightly in each village as well. The median price-to-date went up in Winnetka, Kenilworth, Glencoe, and down slightly in Wilmette and Northfield.  WINNETKAClick here to see all Winnetka homes that sold in May 2022Homes for sale: 39 ($650,000 to $16,000,000)Median price year-to-date: $1,470,000Current supply of inventory: 1.4 monthsSee all Winnetka homes for saleSee all Winnetka condos for sale WILMETTEClick here to see all Wilmette homes that sold inHomes for sale: 47 ($469,000 to $5,495,000)Median price year-to-date: $860,000Current supply of inventor... 06/07/2022

Inman News, a large aggregator of real estate news, published "Home Prices Soared 20% Annually in February. Analysts Say We've Peaked." This was a report on real estate activity across the nation.I decided to check the Winnetka North Shore real estate market for comparison. Inman used February of 2021 to compare to 2022. I needed more data so I used the first quarter of 2021 to compare to 2022.Prices for sold homes in the North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northbrook surpassed the national numbers.  The total number of homes sold was lower, which has contributed to the price frenzy.    2021 2022 Total homes sold 200 167 (-16.5%) Median sales price $893,000 $1,125,000 (+26%) Average sales price $1,083,000 $1,416,000 (+31%) Total volume $216,652,588 $236,... 04/27/2022

Here is what sold in your North Shore village in March 2022 WINNETKAClick here to see all Winnetka homes that sold in MarchHomes for sale: 21 ($449,000 to $6,999,000)Private network homes for sale: 12Under contract or pending: 51Median price year-to-date: $1,450,000Current supply of inventory: 1.5 monthsSee all Winnetka homes for saleSee all Winnetka condos for sale WILMETTEClick here to see all Wilmette homes that sold in MarchHomes for sale: 14 ($515,000 to $2,099,000)Private network homes for sale: 8Under contract or pending: 62 (double a month ago)Median price year-to-date: $850,000Current supply of inventory: 1.3 monthsSee all Wilmette homes for saleSee all Wilmette condos for sale  KENILWORTHClick here to see all Kenilworth homes sold in MarchHomes for sale: 7 ($949,000 to $5,750,... 04/05/2022

Chicago's North Shore generally consists of the communities that abut Lake Michigan. They are Wilmette, Kenilworth, Winnetka, Glencoe, and Northfield. Northfield is not on the water, but it shares a zip code with Winnetka.The one thing these towns have in common is New Trier High School - a highly rated and desirable school that keeps home prices high. If you're not familiar with the area, the median price of homes (based on past 12-month sales) looks like this:Winnetka$1,303,000Wilmette$850,000Kenilworth$1,340,000Glencoe$1,200,000Northfield$825,000If buyers desire to live in these communities but find these prices overwhelming, there are indeed homes to be found. Every town has homes like this - located on busy streets, near commercial areas, or in need of significant renovation.In the... 03/04/2022

New month, new year. We'll have to wait and see if enough new inventory comes on the market in the next few months. It's a fact now that mortgage rates will rise in 2022 which will spur additional buyers to join the house hunt. WINNETKAClick here to see all  14 Winnetka homes that sold in JanuaryHomes for sale: 21   ($490,000 to $5,275,000)Private network homes for sale: 13   ($1,599,000 to $9,995,000)Under contract or pending: 17 Current supply of inventory: 1.8 monthsSee all Winnetka homes for saleSee all Winnetka condos for sale  WILMETTEClick here to see all 16 Wilmette homes that sold in JanuaryHomes for sale: 10   ($569,000 to $5,250,000)Private network homes for sale: 12   ($300,000 to $2,245,000)Under contract or pending: 26Current supply of inventory: 1.5 monthsSee all Wilmette... 02/03/2022

2021 was a big year for condo sales in the North Shore. Many sellers downsized and moved into small condos and townhouses throughout the area. And there seemed to be many condos for sale to accommodate them. Currently, inventory is very low.  Compared to 2020, every town had an increase in the number of sales.Winnetka sales up 86% (22 sales in 2020)Wilmette sales up 23% Glencoe sales up 60%Northfield sales up 28%Evanston sales up 39%Glenview sales up 24%Northbrook sales up 28%In spite of high sales, the median sale price did not rise in every village. Northfield saw the highest jump in price with a 47% increase.  Glencoe had a huge drop at 35% lower than 2020 but it has the smallest sampling and so the data is not as accurate.Total sales for all seven villages was 1,724. 8 were studios1... 01/07/2022

Simply put - there's not nearly enough housing inventory to go around. Of course, this is January when inventory is always at its lowest.  Winnetka, for example, has just 28 homes for sale. Here's what I wrote in 2010 during the recession:"197 homes for sale in Winnetka, Illinois."This tight market will ease up in the following months leading up to spring as it always does. We'll just have to wait and see how many Here is what sold in your village in December:WINNETKAClick here to see all  25 Winnetka homes that sold in DecemberHomes for sale: 28   ($490,000 to $5,995,000)Private network homes for sale: 15   ($945,000 to $9,995,000)Under contract or pending: 30Median price in 2021:  $1,300,000Current supply of inventory: 1.9 monthsSee all Winnetka homes for saleSee all Winnetka condos f... 01/06/2022

What Sold In Your North Shore Village in October, 2021Yes, the market has started cooling - which it always does this time of year. The "cooling" mainly pertains to the frenzied bidding that drove prices up with multiple offers.Fewer homes are now selling over the list price which has been common for the year to date. As before, inventory continues to be low, with just a few months of inventory in each village.Since January 1, four-bedroom homes in Winnetka sold for 98% of list price while 5+ bedroom homes averaged 96%.Wilmette homes of all sizes sold for 98% of list price.Kenilworth homes sold for 95-96% of list price.Glencoe homes sold for 97% of list price except 5+ bedroom homes which averaged a sale of 95% of list price.Northfield homes sold for between 94-9% of list price.If selli... 11/05/2021