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All About Illinois Real Estate

By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What's Happening With Real Estate Commissions By now most people have read about the recent lawsuit against the NAR. From the questions I get from clients and friends, it's apparent no one is quite certain what it means. And of course, much of it is misinformation. What is certain is that there is a sea change coming to real estate and it starts August 17, 2024.The gist of the lawsuit against the NAR was the "offer of compensation" listed on Multiple Listing Sheets. That phrase refers to the seller who covers the commission for both their agent and the buyer's agent. The portion of the commission that went to the buyer's agent was advertised on the Multiple Listing Service that agents use. The plaintiff's lawsuit contended that NAR and large brokerages conspired to inflate commissions, ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in March and April 2024?Inventory is lower now than earlier in the year and the median price is up in most villages. This is nirvana for sellers and continues to be an ordeal for buyers. Buyers are not, however, deterred by rising interest rates (at least around here.) Their only obstacle is to beat out the other buyers. WINNETKAClick here to see all Winnetka homes sold in March/April 2024All homes for sale:  20Current month's supply of inventory:  1.7Past 12 months median price: $1,675,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in March/April 2024All homes for sale:  27Current months supply of inventory:  1.1Past 12 months median price: $995,000See Wil...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Real Estate Sales in March and April 2024Sales were hot over March and April for new listings. Hubbard Woods has several new construction homes lingering on the market but the sellers/builders have been slow with price reductions. Even in the fast market, buyers will not overpay for homes they feel are priced too high. The 12-month median sale price rose by 15% since the end of February.  10 NEW HUBBARD WOODS HOMES FOR SALE IN FEBRUARY (7 homes already under contract and 1 sold) 870 Heather: $1,185,000   1114 Merrill: $1,500,000 (under contract) 1133 Scott: $1,695,000 (under contract) 854 Boal: $1,699,000 (under contract) 780 Rosewood: $1,730,000 (under contract) 777 Rosewood: $2,199,000 (under contract) 1325 Hackberry: $2,275,000 (under contract) 901 Greenwood: $2,395,000...
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By Steve Roake, Make Moving Easy!
(Freedom Group Global)
Divorce is undeniably one of life's most challenging journeys. Whether it's an amicable separation or a more contentious situation, the process can be emotionally taxing and legally complex. However, with the right guidance and support, you can navigate this transition with grace and confidence. In this blog post, we'll explore key aspects of finding your way through divorce, from recognizing when it's time to file to navigating the intricacies of home selling and choosing the right attorney.Knowing When to File for DivorceDeciding to file for divorce is a deeply personal and often agonizing decision. It's crucial to recognize when the relationship is no longer sustainable and when separation is the healthiest option for all involved. Some signs that it may be time to consider divorce i...
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By Evelyn Santiago, Managing Broker Heart Realty Group, Inc., Passionate About Real Estate & Our Clients!
(Heart Realty Group, Inc..)
Inventory levels in Oswego, IL  remain low as we enter the Spring homeselling period.  Home sales in March 2024 were as follows: Detached Single Family Homes - 29Price Range - Low = $295,000Price Range - High = $799,000No foreclosures but there was a short sale this month.10 - Sold Over List Price6  - Sold At List Price13 - Below List Price*There were 46 homes sold in March, 2023.Single Family Attached Homes - 12Price Range - Low = $126,500Price Range - High = $379,0003 - Sold Over List Price4 - Sold At List Price5 - Below List PriceSame number of homes sold in March, 2023.These stats are as of 4/1/24 and are unofficial until published by MRED.  
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
One thing is certain - numbers don't lie. Looking at these charts shows our local market as clearly as possible over the past five years. You'll notice only 4 years are listed below and that is because I felt that 2020's statistics are meaningless. For single-family homes, home prices marched up and market time dropped. The list-to-sell ratio also went up indicating that home prices sold at close to their list price. Total home sales skyrocketed in 2022 and then declined in the following two years. Condo sales look different. The total sold and the median price still match the single-family home's trajectory. But the market time and price ratio wobbled around.  Currently, inventory continues to stay stubbornly low and buyers are still frustrated with having to deal with multiple offers ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in February? Homes that closed in February were unusually low across all villages. That will begin to change as the inventory increases and homes sell quickly. The spring market has started - not only by the calendar but by the warm weather.Every single village had a slight increase in the median sale price over the past 12 months. And every village had an even slighter increase in inventory. The months-supply-of-inventory has stayed virtually the same.  WINNETKAClick here to see all Winnetka homes sold in February 2024All homes for sale:  25Current month's supply of inventory:  1.7Past 12 months median price: $1,620,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette home...
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By Evelyn Santiago, Managing Broker Heart Realty Group, Inc., Passionate About Real Estate & Our Clients!
(Heart Realty Group, Inc..)
Even with a Leap Year home sales continue to be low as inventory stays lower than in past years.  New Construction homes are adding to off set low inventory but interest rates  continue in the high 6% range.   February 2024 home sales were as follows:Single Detached Home Sales25 Closed Sales Price Range (Low  to High) -$215,000 - 3 Bedroom 1 Bath - Raised Ranch - 3 Car heated  garage, 1344, sq. ft.   $592,337 - New Construction - 4 Bedroom 2.5 Bath 2 Story - 3 car garage, Full Basement, with 3,146 sq. ft.Existing Homes - 15New  Construction - 102023 - February Closed Sales - 17Price Range (Low to High)$211,700 - 3 Bedroom 1.1  Bath - Ranch/wBasement - 2.5 car garage, 1400 sq.  ft.$615,00 - 4 Bedroom 2.2 Bath - Log Cabin Home w/full Basement - 2 car garage, 2,160 sq. ft. on 3.43 acresExi...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Real Estate Sales in January 2024  2 NEW HUBBARD WOODS HOMES FOR SALE IN JANUARY 1476 Scott: $975,000 1045 Starr: $4,350,000    1 NEW PRIVATE HUBBARD WOODS LISTING IN JANUARY NO PHOTO 765 Walden: no price given but appears to be a teardown.   1 CLOSED HUBBARD WOODS LISTINGS IN JANUARY 1476 Scott List price: $975,000 Sold price: $985,000 Days on market: 6  CURRENT HUBBARD WOODS REAL ESTATE SNAPSHOTHomes for sale:2  (priced $2,700,000 and $2,875,000)Homes under contract: 1Median home price for past 12 months:  $1,435,000Condos for sale: 0  While you're here, please see all Hubbard Woods Homes for Sale  Sign up to get North Shore real estate news delivered to your inbox.It's free, we'll never sell your info, and you can opt out anytime.What's included?Local market trendsNew l...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Homes for Sale in Yorkville, Montgomery, and Oswego, IllinoisYorkville, IL Real Estate:There are currently 150 homes for sale in Yorkville, IL with an average list price of $468,109. On average, sold home prices in Yorkville, IL have depreciated (fallen) -1.33% when comparing January 2024 to January 2023 (year over year). On average, sold home prices in Yorkville, IL have depreciated (fallen) -2.63% when comparing January 2024 to December 2023 (month over month). If you are interested in buying or selling a home in Yorkville, you may review all the homes for sale in Yorkville, IL by subdivision here.Montgomery, IL Real Estate:There are currently 54 homes for sale in Montgomery, IL with an average list price of $307,854. On average, sold home prices in Montgomery, IL have appreciated (ri...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Homes for Sale in Downers Grove, Lisle, and Bolingbrook, IllinoisDowners Grove, IL Real Estate:There are currently 179 homes for sale in Downers Grove, IL with an average list price of $673,534. On average, sold home prices in Downers Grove, IL have depreciated (fallen) -6.47% when comparing January 2024 to January 2023 (year over year). On average, sold home prices in Downers Grove, IL have depreciated (fallen) -7.84% when comparing January 2024 to December 2023 (month over month). If you are interested in buying or selling a home in Downers Grove, you may review all the homes for sale in Downers Grove, IL by subdivision here.Lisle, IL Real Estate:There are currently 70 homes for sale in Lisle, IL with an average list price of $403,882. On average, sold home prices in Lisle, IL have ap...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Homes for Sale in Wheaton, Glen Ellyn, and Lombard, IllinoisWheaton, IL Real Estate:There are currently 121 homes for sale in Wheaton, IL with an average list price of $619,024. On average, sold home prices in Wheaton, IL have appreciated (risen) 4.25% when comparing January 2024 to January 2023 (year over year). On average, sold home prices in Wheaton, IL have depreciated (fallen) -13% when comparing January 2024 to December 2023 (month over month). If you are interested in buying or selling a home in Wheaton, you may review all the homes for sale in Wheaton, IL by subdivision here.Glen Ellyn, IL Real Estate:There are currently 86 homes for sale in Glen Ellyn, IL with an average list price of $647,649. On average, sold home prices in Glen Ellyn, IL have depreciated (fallen) -2.94% when...
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By Cheryl Bowers, Plainfield, Naperville, IL. Real Estate
(Bowers Realty Group LLC)
Homes for Sale in Plainfield, Naperville, and Aurora, IllinoisPlainfield, IL Real Estate:There are currently 351 homes for sale in Plainfield, IL with an average list price of $499,035. On average, sold home prices in Plainfield, IL have appreciated (risen) 14.97% when comparing January 2024 to January 2023 (year over year). On average, sold home prices in Plainfield, IL have appreciated (risen) 8.6% when comparing January 2024 to December 2023 (month over month). If you are interested in buying or selling a home in Plainfield, you may review all the homes for sale in Plainfield, IL by subdivision here.Naperville, IL Real Estate:There are currently 415 homes for sale in Naperville, IL with an average list price of $804,781. On average, sold home prices in Naperville, IL have appreciated...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in January? WINNETKAClick here to see all Winnetka homes sold in January 2024All homes for sale:  24Current month's supply of inventory:  1.7Past 12 months median price: $1,605,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in January 2024All homes for sale:  29Current months supply of inventory:  1.1Past 12 months median price: $995,000See Wilmette homes for saleSee Wilmette condos for saleSee Wilmette townhouses for sale KENILWORTHKenilworth homes sold in January 2024All homes for sale: 10Current month's supply of inventory:  2.0Past 12 months median price: $1,500,000See Kenilworth homes for saleGLENCOE Click here to see all Glencoe homes sold in January ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
North Shore Condo Report for 2023As you can see, our neighbors to the west and south have the most condos for sale.  In Winnetka, the list-to-sell price ratio was over the list price and other villages were very close to full price.Our North Shore villages of Winnetka, Wilmette, Glencoe, Northfield, Evanston, Glenview, and Northbrook all offer a wide spread in price as well. Wilmette had a sale for $125,000 and one for $1,150,000. There's truly something for everyone - if you're fast!Please note on the chart below that you can now click on the village's name in blue and see all the sales for the year.   While you're here, please see all North Shore condos for sale(plus 37 more for sale on the Private MLS - call me for more information)  Winnetka Condos Townhouses Wilmette Condos Townhou...
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By Evelyn Santiago, Managing Broker Heart Realty Group, Inc., Passionate About Real Estate & Our Clients!
(Heart Realty Group, Inc..)
Hard to believe that January is over and we are already on  the 5th day of February, 2024!  Inventory in single family homes is slowly increasing with the following stats as of the Week of February 5, 2024:There are 31 active listings, of which  5 are brand new listings (7 days or less), 5 have price changes (new construction) and the remaining 19 are active listings.  These are all single family detached homes.There are 61 listings under contract.  Three pending listings and two listings have already closed in February.There are 12 listings  in the private broker only category that will eventually go to the public site if they are not sold before.How many homes were sold in January, 2024 in the single family detached  category??  There was a total of 19 homes sold in January, 2024.   T...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
Hubbard Woods Winnetka Real Estate for December 2023Hubbard Woods sales were slow in December but that's normal. Predictions are for mortgage rates to lower and steady out in 2024. As the year progressed, there were fewer wildly over-the-list-price bids but many homes still sold close to or at the asking price. The following chart shows the contrast between 2022 and 2023.    Total Home Sales Median Price Average Days On Market 2022 70 $1,620,000 34 2023 59 $1,536,000 48   NO NEW HUBBARD WOODS HOMES FOR SALE IN DECEMBER 1 NEW PRIVATE HUBBARD WOODS LISTING IN DECEMBER  1045 Starr: $4,350,000   2 CLOSED HUBBARD WOODS LISTINGS IN OCTOBER 870 Heater List price $1,189,000 Sold price: $1,185,000 Days on market: 14 1210 Whitebridge List price: $1,750,000 Sold price: $1,675,000 Days on market: 3...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
What Sold in Your North Shore Village in December? WINNETKAClick here to see all Winnetka homes sold in December 2023All homes for sale:  26Current month's supply of inventory:  1.6Year-to-date median price: $1,1675,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes sold in December 2023All homes for sale:  26Current months supply of inventory:  1.2Year-to-date median price: $1,000,000See Wilmette homes for saleSee Wilmette condos for saleSee Wilmette townhouses for sale KENILWORTHKenilworth homes sold in November 2023All homes for sale: 8Current month's supply of inventory:  1.9Year-to-date median price: $2,450,000See Kenilworth homes for saleGLENCOE Click here to see all Glencoe homes sold in December...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
2023 North Shore Home Sales - Highest, Lowest, and MedianThe figures below represent total sales in the villages listed for 2023. I've included the total sales, plus the highest, lowest, and median prices.  Winnetka has the highest listed sale and the highest median price.Glenview had the highest number of sales (it's the largest village listed) as well as the best-priced house.    Total Sales Highest Price Lowest Price Median Price           Winnetka 187 $12,500,000 $500,000 $1,675,000 Wilmette 295 $4,200,000 $340,000 $997,000 Kenilworth 49 $4,00,000 $600,000 $1,67,000 Glencoe 117 $6,250,000 $300,000 $1,350,000 Northfield 58 $2,500,000 $275,000 $940,000 Glenview  407 $3,950,000 $202,000 $700,000 Northbrook 330 $3,525,000 $285,000 $700,000 How have these numbers changed from home sales ...
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