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Live, Dine, Shop, Play...in the North Shore’s Premiere Community

Realtor® Margaret Ludemann, Glen Homeowner

2013 sales increase in Southgate on The Glen

February 3, 2014 by Margaret Ludemann

Single family home sales in the Southgate neighborhood increased in 2013, from 9 in 2012 to 13 in 2013.  Further, 3 additional homes went under contract that had not closed by year end.  More impressive is the improvement from 2009 when only 2 single family home’s sold.

Before going further, here’s a little Southgate 101.  Southgate is a housing development in The Glen in Glenview, Illinois on Chicago’s North Shore.  The Glen is an upscale residential and retail community with 9 named neighborhoods, one of which is Southgate, and a shopping & dining “main street” called Glen Town Center.  Southgate has 299 homes of which 237 are luxury single family homes.  Many of these homes border The Glen Club’s 18 hole championship golf course.

Let’s look at the prices of the Southgate homes that sold in 2013.  (Street name, followed by size in square feet, and price.)  I do not provide specific addresses out of courtesy to the new homeowners. 

Kittyhawk ,  4618,  $1,250,000

Independence,  4618,   $1,430,000

Bennington,  3456,  $1,000,000

Kittyhawk, 4080,  $1,250,000

Saratoga,  4080, $1,279,000

Midway,  3814,  $1,315,000

Independence,  4164,  $1,350,000

Saratoga,  3805,  $1,140,000

Cabot,  4700,  $1,310,000

Independence,  3498,  $1,160,000

Bennington,  3796,  $1,100,000

Independence,  4232,  $972,000

Kittyhawk,  4253,  $1,215,000

Digging deeper into the sales data we find two other pieces of very good news.  First, no sales listings expired or were cancelled due to an inability to find buyers.  By contrast, 4 listed single family homes in Southgate failed to sell in 2012 and 1 rental listing did not find a renter.  Second, Southgate had no distressed properties listed for sale last year.  A distressed property is either bank owned or it involves a short sale; and they typically sell for well under market value.

Southgate’s sales performance is consistent with what occurred throughout the country in 2013.   The number of homes sold nationally increased by 9.1%; Illinois home sales increased 18.9%; and in the Chicago primary Metropolitan Statistical Area (+ 23%).  Glenview home sales increased 19%.  I see another strong year for home sales in The Glen and in Southgate in 2014.

Margaret Ludemann, Glen homeowner and @properties Realtor

847-401-1802    margaret.ludemann@gmail.com

Filed Under: Uncategorized Tagged With: dining, Glen Town Center, Glenview, home sales, housing sales, luxury homes, North Shore, real estate market, shopping, single family homes, Southgate in The Glen, The Glen, The Glen Club

Margaret Ludemann, Realtor®
Phone: 847-401-1802
Text: 847-401-1802
Email: margaretludemann@gmail.com

at properties logo

@properties
1517 Waukegan
Glenview, IL 60025

@properties and Realtor® Margaret Ludemann are not affiliated with and do not represent any for-profit business or not-for-profit organization associated with the development known as The Glen, in Glenview, Illinois, including but not limited to any retail or commercial or professional enterprise, developers or builders operating in The Glen, or homeowners associations therein. Realtor Margaret Ludemann, Glen Homeowner is affiliated with @properties.
Broker Reciprocity© 2013 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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