Glencoe-North Shore Market Trends: Update Nov-Dec2011

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A Continuation of great North Shore real estate news…according to the Illinois Association of REALTORS® (IAR) latest report released last week, statewide home sales (including single family and condominiums) in October 2011 totaled 8,536 homes sold, up 15.3 percent from 7,402 home sales in October 2010. The statewide median price in October was $130,000, down 10.3 percent from $145,000 in October 2010. The median is a typical market price where half the homes sold for more, half sold for less.

In the nine-county Chicago Primary Metropolitan Statistical Area including North Shore real estate (PMSA), home sales (single family and condominiums) in October 2011 totaled 5,778 homes sold, up 23.7 percent from October 2010 sales of 4,670 homes. The median price in October 2011 was $149,900 in the Chicago PMSA, down 15.3 percent compared to last year in October when it was $177,000.

“The continued expectation of some gains in housing sales after several months of positive activity trends suggest that some buyers are seeing value in the market.” said Dr. Geoffrey J.D. Hewings, director of the Regional Economics Applications Laboratory (REAL) of the University of Illinois. “The economy continues to be a drag on the housing market recovery with U.S. recovery affected by the turmoil in Europe.”

“The increase in units sold in the city of Chicago continues to show the absorption of distressed properties (short sales and or foreclosures) in the market,” said REALTOR® Bob Floss, president of the Chicago Association of REALTORS® and broker-owner of Bob Floss and Son Realty. “Prospective buyers in the market are making investments that make sense long-term. Those who haven’t considered buying are encouraged to work with a REALTOR® to assess their individual buying power in today’s market, re-evaluate renting options and plan how they may make a purchase given historically low interest rates and their own financial ability.”

Forty-seven percent of Illinois counties reporting including cook county, (47 of 100) showed year-over-year home sales increases in October 2011.

Sales and price information is generated from a survey of Multiple Listing Service  (MLS) sales reported by 31 participating Illinois REALTOR® local boards and associations including Midwest Real Estate Data LLC data as of November 2011 reported for the period October 1 through October 31, 2011. The Chicago PMSA, as defined by the U.S. Census Bureau, includes the counties of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry and Will.

Find Illinois housing reports, stats, data, analysis at the University of Illinois REAL forecast www.illinoisrealtor.org/marketstats.  Or for the entire view of this article Visit

Reports can also be printed at my top producing North Shore real estate office-640 Vernon Ave, Glencoe, Illinois 60022

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Last Minute Thanksgiving Planning and Things to Do-Chicago’s North Shore

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Sure, it’s just a day and 1/2 away, but you still may have a little time…..

If you’re still a fence sitter, it’s time to make a decision.  This is no time to discuss North Shore real estate, market trends/reports, what properties are for sale or rent, or even the status on foreclosures/short sales. Are you eating in or going out? hosting? Children involved? Are you cooking yourself or picking up and bringing in? So many decisions to make.  Lucky for you, below is a list that can make it better. So whether you’re roasting an organic turkey, bellying up to the buffet, or simply being a gracious host for the weekend; the links below should shed some light on things to do and places to go for the holiday:

Thanksgiving Reservations
Big Jones (Chicago/Andersonville) 5-course, family-style Southern Thanksgiving dinner. $46 per person, $20 for kids under 12.
Deleece Restaurant (Chicago/Lakeview) 3-course meal with family-style shared sides, $35, kids menu $8.
Di Pescara (Northbrook) Traditional favorites with “delicious twists.” $34.95 per person, half price for the under 12 crowd.
Flatlanders (Lincolnshire) Traditional American feast with carving stations. $29 for adults, $14 for kids.
Forge Club (Vernon Hills) Thanksgiving buffet, music and magic.
Jacky’s on Prairie (Evanston) 3-course tasting menu for $42.

 LM Restaurant (Chicago/Lakeview) 4-course “gastro-bistro” menu. $45 per person.
Maggiano’s Old Orchard (Skokie) 3-course traditional Thanksgiving meal with Italian accents. $36.95 for adults, $17.95 ages 5-12.
McCormick & Schmick’s (Skokie) Traditional 3-course Thanksgiving dinner. $23.95 for adults, $7.95 for kids.
Pavilion Restaurant (Northbrook) 3-course meal with unlimited wine; live entertainment. $42 per person.
Pensiero Ristorante (Evanston) 3-course prix fixe; mix of modern Italian and traditional American dishes. $49 per person.

Things To Do

For kids of all ages: Try Dr. Suess & The Art of Invention at the Museum of Science and Industry. Adults will enjoy the trip back in time and the insight into Suess’ creativity, while younger kids will be in awe of their favorite characters up close!

For the family: They’re not laughing AT you, they’re laughing WITH you—take in an early dose of holiday madness with “Seasons Greetings” at Northlight Theatre in Skokie.
Tweens, teens and up: A theatre experience like no other this weekend, the Piccolo Theatre’s presentation of “Space Wars: The Panto!” is guaranteed to offer a sci-fi good time.
Tree Lightings: There’s something about kicking off the holiday season in the comfort of your own community, with friends and neighbors:Evanston, November 22

A shopper’s delight: Gear up for Black Friday! If that’s still not enough, try the Bucktown Bazaar, an Etsy-like experience complete with kids’ entertainment.

Everyone likes a parade: The 78th McDonalds Thanksgiving Parade kicks off at 8 a.m. Thanksgiving Day.

Need more Ideas?  See Makeitbetter.net

Give thanks and make it a great Holiday!

1437 St. Johns Ave., Highland Park: North Shore Real Estate

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JUST LISTED- 1437 sT. Johns Ave., Highland Park

FABULOUS CHARMING RENOVATED HOME FOR SALE OR FOR RENT WITH AN OPEN FLOOR PLAN HAS SOARING CEILINGS AND AN ABUNDANCE OF NATURAL LIGHT. THERE IS AN OUTSTANDING KITCHEN, GREAT BATHS AND A FINISHED LOWER LEVEL WITH AN ATT 3 CAR GARAGE PLUS A HUGE DECK THAT OVERLOOKS THE SPECTACULAR NORTH SHORE REAL PROPERTY

FOR MORE DETAIL CLICK THE PHOTO ABOVE OR VISIT: 1437stjohns.info FOR THE FULL VIRTUAL TOUR! OR FEEL FREE TO STOP BY OUR TOP RANKED NORTH SHORE REAL ESTATE OFFICE WITH QUESTIONS OR LISTING PRINT OUT REQUESTS–640 Vernon Ave, Glencoe, IL 60022

Contact Gloria Matlin for a private showing: 847-835-6058

North Shore Sunday Open House- 521 Jackson Ave, Glencoe

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Open House: Sunday, November 13, 2011  2:00 PM – 4:00 PM

A GRACIOUS UPDATED COLONIAL RESIDENCE FOR SALE ON A PREMIER STREET. EXCEPTIONAL ROOMS UNFOLD INCORPORATING VINTAGE CHARM WITH TODAY’S LIFESTYLE -WITH A STUNNING MASTER SUITE AND COOKS KITCHEN WITH ADJACENT FAMILY ROOM. A BEAUTIFULLY LANDSCAPED FENCED YARD IS COMPLETELY PRIVATE. THIS METICULOUSLY RENOVATED NORTH SHORE HOME INCLUDES A FINISHED BASEMENT, A (2) CAR ATTACHED GARAGE AND MUD ROOM. A MUST SEE!!

See the virtual tour and directions by clicking the photo or visit:


Real Estate Outcomes October2011: Chicago’s North Shore

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North Shore Property Sales Reports

October North Shore-Glencoe property sales were 12, up 20.0% from 10 in October of 2010 and 71.4% higher than the 7 sales last month. October 2011 sales were at a mid level compared to October of 2010 and 2009. October YTD sales of 118 are running 32.6% ahead of last year’s year-to-date sales of 89.

Prices

The Median Chicago’s North Shore Sales Price trend in October was $924,500, up 16.0% from $797,000 in October of 2010 and up 110.1% from $440,000 last month. The Average Sales Price in October was $1,012,053, up 20.8% from $837,650 in October of 2010 and up 3.0% from $982,357 last month. October 2011 ASP was at a mid range compared to October of 2010 and

Inventory & MSI

The Total Inventory of Properties analytics show available for sale as of October was 105, down -5.4% from 111 last month and down -21.1% from 133 in October of last year. October 2011 Inventory was at the lowest level compared to October of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 8.8 months was at its lowest level compared with October of 2010 and 2009.

Market Time

The average Days On Market(DOM) statistic shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 112, up 72.3% from 65 days last month and up 10.9% from 101 days in October of last year. The October 2011 DOM was at a mid range compared with October of 2010 and 2009.

Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The trending graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2011 was 21, up 31.3% from 16 last month and up 5.0% from 20 in October of last year.

For additional Data visit www.gloriamatlin.com and select Community Reports

October-November 2011 Data

Chicago’s North Shore – School Information at Your Fingertips!

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One very important aspect to North Shore real estate or selecting a home and living on Chicago’s North Shore is the availability/access to world-renowned school districts. When you send your child off to school each day, you want to feel confident that the school is providing your son or daughter with a sound education. Below is a collection of information to help make it easier for you to get critical data, trends, reports, statistics and analysis about your child’s school; taking into account important aspects like how the schools compare with others in the state, how often they test performance and other education indicators. use the Illinois School Profile Search and the Illinois Report Card Search to further examine information like average class size, student body makeup, average ACT scores, teacher experiences and salaries, student academic performance at various grade levels, and a breakdown of how specific school districts disperse funds.

You may also visit www.gloriamatlin.com select community reports to create a comparison review of school districts locally and across the country.

Click the links below to view various Illinois educational institutions that exist within the North Shore communities.

City
Grade Schools
Deerfield

Aptakisic-Tripp School District 102
Deerfield Public Schools District 109

Township High School District 113
Adlai E. Stevenson High School District   125

Evanston

Evanston/Skokie School District   65

Evanston Township High School District   202

Glencoe

Glencoe School District 35

New Trier Township High School District   203

Fort Sheridan /   Highwood

North Shore School District 112

Township High School District   113

Glenview

Northbrook/Glenview School District   30
West Northfield School District   31

Glenview School District 34

Avoca School District 37
East Maine School District 63

New Trier Township High School District   203
Maine High School District 207
Glenbrook High School District   225

Highland   Park

North Shore School District 112

Township High School District   113

Kenilworth

Kenilworth School District 38

New Trier Township High School District   203

Lake Bluff

Lake Bluff Elementary School District   65
Oak Grove School District 68

Lake Forest High School District   115
Community High School District   128

Lake   Forest

Lake Forest School District 67

Lake Forest High School District   115

Northbrook

Northbrook School District 27
Northbrook School District 28
Northbrook/Glenview School District   30
West Northfield School District   31

Glenbrook High School District   225

Northfield

Sunset Ridge School District 29

New Trier Township High School District   203

Skokie

Evanston/Skokie School District   65
Skokie School District 68

Skokie School District 69
Fairview School District 72
East Prairie School District 73
Skokie School District 73.5

Evanston Township High School District   202
Niles Township High School District   219

Wilmette

Avoca School District 37
Wilmette Public School District   39

New Trier Township High School District   203

Winnetka

Winnetka Public School District   36

New Trier Township High School District   203

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