What's Ahead for Winnetka & North Shore Real Estate?There are so many differing opinions about where the real estate market is headed. This is what I know and what I've gleaned from the real estate sources I follow. After having a super hot market for almost two years, change is definitely in the air. We see it locally with three markers: price reductions contracts falling apart longer days on market Inventory is still historically low but slowly, very slowly, creeping up. Conversely, mortgage rates have risen since June, and fallen again. It's a concern for some buyers who have decided to wait it out on the sidelines.This slowdown does not mean that we're in a depreciation phase - but rather a deceleration phase. Some real estate insiders think the market will pick up later this year a... 08/09/2022

Hubbard Woods Winnetka Real Estate in July 2022July's real estate statistics reflect sales dating from February to July, with six sales in April. For the most part, these numbers are lagging and don't reflect the changes we're seeing in the real estate market. Just four new homes came on the market last month with 12 closed homes. Of those 12 sales, 2 sold for less than listing price, 4 sold at list price, and 6 sold for over list price. The median price of a Hubbard Woods home has risen 59% since 2021. I checked the number twice it's so incredible. I think we've peaked as mortgage rates and reality are settling in.  4 NEW HUBBARD WOODS LISTINGS IN JULY 2022 1381 Asbury - $1,345,000 1240 Tower - $1,468,000 1016 Westmoor - $2,599,000 1330 Westmoor - $4,795,000   12 CLOSED HUBBARD WOODS L... 08/02/2022

Where to Find the Cheapest Gas in Winnetka and the North Shore Gas prices! Whatever can be done? There's no place to escape to - it's expensive everywhere.I drive a lot - it's an occupational hazard.  But what about you - have you tried to cut back by walking or biking (okay for a few summer months) or combining errands (good for those that can remember things and are organized.)I'm usually on fumes when I pull into whatever station is nearest - and they're all too expensive right now in Winnetka and Wilmette, or even Glenview and Northbrook. So here's a little help for your starved wallets - Gas Buddy - a good site to just plug in your zip code and be directed to the cheapest local gas prices in the area. There are other sites like this one but what I like about Gas Buddy is that ther... 07/22/2022

The Hubbard Woods real estate market still isn't "balanced," if there is such a thing in home inventory nowadays. This past June, 8 homes closed in; last June the number was an incredible 19. Would our number be higher now if there was more inventory? I think so.Look at the median price over the past three Junes:June 2022 - $1,500,000June 2021 -  $1,305,000June 2020 - $965,000That's a 55% increase in the median price over 3 years. Below you'll see that most (not all) homes are still closing at higher than the list price. A year ago almost all of the 19 homes sold below list price and still had long market times. 6 NEW LISTINGS IN HUBBARD WOODS JUNE 2022 941 Tower  $1,089,000under contract 260 Woodlawn $1,100,000 1305 Asbury $1,100,000 1291 Forest Glen $1,599,000under contract 812 Hibbar... 07/06/2022

 Winnetka and North Shore Dog Beaches You don't have to have a dog that loves the water - or even one that chases balls and sticks. Winnetka and North Shore dog beaches are open for all dogs that want to cool off and socialize. And do something different than laze around the backyard on a hot day.The dog beaches require pets to be up-to-date on vaccinations and there are rules that must be followed, which are outlined on the websites (listed below.)  Along the North Shore, there are four easily accessible dog beaches.Winnetka -  Centennial Park BeachLocated on Sheridan Road just south of Elder (Elder Beach for humans is next door.)  The cost for residents is $35 for one dog and $15 for additional dogs.  Non-resident fees are much higher at $170.00 for one dog.  The Winnetka dog beach ha... 06/23/2022

Hedge Row Condos in Winnetka ILThe Hedge Row Condos in Winnetka were built in 1997 and are comprised of two buildings (360 and 380 Green Bay Road)  with 20 units in each building. They are conveniently located at the corner of Willow and Green Bay Roads and are within walking distance to downtown Winnetka and the train station.  Another plus is that Hedge Row allows pets.  Hedge Row offers 2 and 3-bedroom units with 2 plus bathrooms.  Heated, underground parking is available and small pets are allowed. These condos have good-sized rooms and some of the first-floor units open to the back and have a patio while the upper floors have large balconies.  Hedge Row is considered a luxury development but prices vary widely. Recent comps show sales from $430,000 to $1,130,000.  Search for condos... 06/16/2022

 Hubbard Woods Winnetka Real Estate in May 2022 While there were 11 homes sold in May in Hubbard Woods, there were only 4 new listings (compared to 11 last month.) Just a blip I think as there have been many new homes listed throughout Winnetka in the past few days.   13 SOLD HUBBARD WOODS HOMES IN MAY   796 Green BayList price: $490,000Sold price: $425,000Days on market: 166   1249 ScottList price: $998,000Sold price: $1,137,500Days on market: 5 1433 ScottList price: $1,000,000Sold price: $1,185,000Days on market: 4 1311 AsburyList price: $1,075,000Sold price: $1,352,000Days on market: 6 1139 AsburyList price: $1,175,000Sold price: $1,385,000Days on market: 5 1330 WestmoorList price: $1,348,000Sold price: $1,470,000Days on market: 5 864 BurrList price: $1,265,000Sold price: $1,485,000D... 06/09/2022

 Where to Play Public Golf on the North Shore Public Courses Winnetka Golf Club1300 Oak. St847-501-2050   The Winnetka Golf Club has both a 9- and 1-hole course plus a putting green, driving range, pro shop, and snack bar Wilmette Golf Club3900 Fairway,Wilmette847-256-9777   Pro shop, restaurant, driving range, putting green, and lessons are available. Canal Shores1030 Central St Wilmette845-475-9173   18-hole executive course located in east Wilmette on the border with Evanston Glencoe Golf Club621 Westley Rd,Glencoe847-835-0250    An 18-hole golf course managed by the Village of Glencoe    Sunset Valley Golf Club 1390 Sunset Rd., Highland Park847-432-7140     Recently redesigned, this park district course is getting lots of positive reviews. It's won 3 awards since opening in 2019. Th... 05/28/2022

The National Association of Realtors (NAR) published an article this week titled: "Existing-Home Sales Slip 2.7% in March."It does, of course, cover the national real estate scene. So there are inherently many facts that don't apply to Winnetka and the North Shore. One of the biggest is the title itself since the North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield (as a whole) saw sales dip by 21%!Of course home sales have dipped - there are so few of them to buy! The good news - for sellers - is that the median price rose by 31%. Another way to see the rise in home prices is by total volume.   Units Sold Total Dollar Volume 2021 367 $405,272,628 2022 291 $425,648,021 You can see that while many more homes sold in 2021, the dollar volume was higher in 2022 fo... 05/10/2022

The statistics below reflect the lag in sales - these homes went under contract in January through March. Interest rates have now popped over 5% for 30% conventional loans.In Winnetka, Wilmette, and Glencoe, the number of under-contract homes is at least double what is available for sale. It's anyone's guess (and there have been many) how this will ultimately affect the real estate market.We real estate agents are here to help you. If you want to sell but are worried that you won't be able to buy, that's where a good real estate comes in. If you want to move to a specific area and have something in mind, let me know and I'll see what I can do. Everyday, homes are selling that were never listed!  Here is what sold in your village in April:   WINNETKA Click here to see all Winnetka homes ... 05/05/2022

11 new homes were listed in April and 8 went under contract within days. What's different in April is that of the 7 homes that closed, only 2 went over the list price. However, of those 2 homes, one sold for $500,000 over the list price! 11 NEW HUBBARD WOODS HOMES FOR SALE IN APRIL  148 Glenwood - $995,000(under contract in 12 days) 1249 Scott - $998,000 1311 Asbury - $1,075,000(under contract in 7 days) 1411 Edgewood - $1,085,000(under contract in 17 days) 1139 Asbury - $1,175,000 915 Forest Glen - $1,239,000(under contract in 7 days) 864 Burr - $1,265,000(under contract in 7 days) 1330 Westmoor - $1,348,000(under contract in 5 days) 191 Scott - $1,739,000(under contract in 6 days) 1315 Asbury - $1,899,000(under contract in 4 days) 850 Heather - $2,495,000   NEW PRIVATE NETWORK LISTING... 05/02/2022

Ten homes sold in 2021 in the North Shore villages that were over $5,000,000.There were 3 in Glencoe, 2 in Kenilworth, and 5 in Winnetka. I've included 3 more higher priced sales outside of the North Shore but in our same Multiple Listing Service.  326 Essex, Kenilworth - $5,000,000 115 DeWindt, Winnetka - $5,000,000 655 Sheridan, Glencoe -  $5,075,000 355 Surfside, Glencoe - $5,500,000 1215 Whitebridge, Winnetka $5,500,000 84 Indian Hill, Winnetka - $5,575,000 910 Private, Winnetka - $5,999,900 711 Locust, Winnetka - $8,000,000 607 Longwood, Glencoe - $8,680,000 233 Sheridan, Kenilworth - $9,450,000  Beyond the North Shore, there were three more homes that sold for a higher price.  1866 N. Howe, Chicago - $9,500,000 1950 N. Burling, Chicago - $12,550,000 590. S. Lake Shore Drive, Genev... 04/08/2022

The strong seller's market continues in Hubbard Woods and the North Shore. Seven new homes listed and six under contract almost immediately. Five homes closed in Hubbard Woods with five of them going over list price.Needless to say, multiple offers are involved in many cases.The only dim spot on the horizon are interest rates - but how much an increase will affect the market is being debated every day on realty sites.  7 NEW HUBBARD WOODS HOMES FOR SALE - 6 contingent 1433 Scott - $1,000,000 (contingent) 1368 Scott - $1,085,000 (contingent) 920 Pine Tree Lane - $1,499,000 (contingent) 945 Old Green Bay - $1,750,000(contingent) 805 Sumac - $2,100,000 (contingent) 881 Private - $2,200,000 (contingent) 1580 Tower - $2,610,000  5 NEW HUBBARD WOODS PRIVATE LISTINGS 270 Mary - $875,000 (conti... 04/05/2022

Just two months into 2022 the real estate market is looking very similar to 2021. Three new homes were listed in February and all 3 are already under contract.Mortgage rates are expected to rise but for the short term not more than 4%.With life beginning a return to normal, will buyers still be clamoring for North Shore homes? Will the city exodus continue? We'll know better in a few more months but one thing I know is that almost every listing has multiple offers.  3 NEW HUBBARD WOODS LISTINGS - all 3 are under contract 1417 Scott - $969,000 1487 Edgewood - $1,249,000 1080 Crescent - $2,695,000   3 CLOSED HUBBARD WOODS LISTINGS 995 PineList price $950,000Sold price: $950,000Days on market: 8 1436 ScottList price: $1,240,000Sold price: $950,000Days on market: 305 1383 WestmoorList price... 03/03/2022

January home sales were low compared to December, but that's normal. Four homes closed with one going over the list price.   NEW HUBBARD WOODS LISTINGS IN January 2022 Note that 4 of the 5 newly listed homes are already under contract 1310 ScottList price: $1,499,000 (contingent) 1290 ScottList price: $1,999,998 861 BellList price: $2,299,900 (contingent) 889 SheridanList price: $5,999,900 (contingent) 1171 WhitebridgeList price: $6,250,000 (contingent)  3 NEW PRIVATE LISTINGS  1417 ScottList price: $969,000 1055 ChatfieldList price: $1,649,000 1050 CrescentList price: $1,849,000 717 LocustList price: $2,249,000   CLOSED HUBBARD WOODS LISTINGS in January 2022   1264 Forest GlenList price: $899,000Sold price: $824,500Days on market: 70 1275 AsburyList price: $1,018,000Sold price: $980,00... 02/03/2022

Winnetka North Shore Home Sales Summary for 2021Record sales and record prices were the norm for almost all North Shore villages in 2021 compared to 2020.. The only exceptions were Glencoe and Evanston which had fewer home sales in 2021. But - prices rose across the North Shore.  While 2020 is not the best year to compare to, it did make an incredible comeback as soon as the lockdown was lifted. So I'll proceed with the following numbers comparing total sales and prices of 2020 vs 2021:   Total Sales Increase/Decrease Home Price Increase Winnetka +12% +18% Wilmettte +13% +8% Kenilworth +38% +12% Glencoe -12% +23% Northfield +16% +18% Glenview +16% +11% Northbrook +18% +9% Evanston -6% +8%  How Low is Inventory in the North Shore VillagesWhile inventory is always down in January, this ye... 01/11/2022

HUBBARD WOODS DECEMBER 2021The year end in Hubbard Woods saw no new listings in either November or December, except for several in the private Multiple Listing Service.Of the 6 closed sales in December, closed sales show that prices have remained strong:2 sold under list price2 sold over list price2 sold at list priceInventory is very low at this point of the year. I expect that to change in the next few months as spring gets closer.NO NEW HUBBARD WOODS LISTINGS IN DECEMBER 20213 NEW PRIVATE LISTINGS  260 WoodlawnList price: 945,000 1310 ScottList price: $1,539,000 1171 WhitebridgeList price: $6,250,000  6 CLOSED HUBBARD WOODS HOME SALES  1469 ScottList price: $819,000Sold price: $747,000Days on market: 77 1408 AsburyList price: $1,195,000Sold price: $1,255,000Days son market: 9 1496 Sc... 01/05/2022

Homes sales in Hubbard Woods are not much different since last month. Few sales, and no new listings. Our inventory (all through the North Shore) has dwindled and anxious buyers will need to wait until the spring market.This chart shows the drop in inventory from February 2020 to the present:  NEW HUBBARD WOODS LISTINGS NOVEMBER 2021No new homes were listed in Hubbard Woods in November. SOLD HUBBARD WOODS LISTING NOVEMBER 2021Six homes closed in November in Hubbard Woods. As you can see, none sold for over list price and one sold for the list price. Also unusual this year, only two sold in less than a week while the rest had lengthy sale times.  1318 Forest GlenList price: $1,349,000Sold price: $985,000Days on market: 135 1183 ScottList price: $1,495,000Sold price: $1,288,893Days on mar... 12/06/2021

If you've been listening or reading the news you know that the real estate market  has cooled down. This is normal at this time of year. The one difference is that that Hubbard Woods still has very low inventory.You can see below that there are only 9 homes for sale right now and 10 under contract. Compare that to:November 2018 - 41 homes for sale with 13 under contract November 2019 - 34 homes for sale with 14 under contract.Most pundits believe the market will again be tight and competitive in 2022, but not reaching the heights of 2021. If selling your home is getting close, consider 2022 as it seems impossible that these numbers will continue for too much longer. Particularly with talk of rising mortgage rates. CLOSED HUBBARD WOODS HOMES IN OCTOBER 1507 Tower RoadList price: $950,000... 11/04/2021

There were 7 homes that closed in Hubbard Woods in September. Three of them sold for over the list price, and four sold for below list price. All sold relatively quickly except for one that took many years. There were just two new listings both of which would be considered luxury homes with high prices.   SOLD HOMES IN HUBBARD WOODS September 2021   1381 Asbury List price: $549,000Sold price: $600,000 (9.2% over list)Days on market: 9 960 Old Green BayList price: $1,225,000Sold price: $1,187,500 (3% below list)Days on market: 74 1140 Chatfield List price: $1,599,000Sold price: $1,405,000 (12% below list)Days on market: 139 795 LocustList price: $1,345,000Sold price: $1,459,000 (8.5% over list)Days on market: 4 135 N. SheridanList price: $1,549,000Sold price: $1,500,000 (4% below list)Da... 10/05/2021