Neighborhoods in The Glen

Tower Crossing sales and prices higher than in 2012

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On the site of the former Naval air base in Glenview, Illinois sits a residential and retail development called The Glen which has become the premier lifestyle community on the Chicago area’s North Shore.  There are several neighborhoods in The Glen including Chapel Crossing, Landings, Southgate, Tower Crossing, Cambridge, Regency, Glen Shore and Patriot Commons.  In this blog I will discuss home sales and prices in Tower Crossing.

Tower Crossing is a townhome development with 154 beautiful brick homes ranging in size from 3031 sq ft to 4005 sq ft.  Tower Crossing has 6 models, (Astoria, Biltmore, Blackstone, Drake, Omni, and Valencia).

18 Tower Crossing homes have sold so far in 2013.  This exceeds the total number of sales (11) in all of 2012!!!  The following shows the number of sales and prices in 2013 by model:

Astoria:  5 Astorias have sold this year, however 1 was not listed.  The average price of the remaining 4 Astorias sold in 2013 is $669,975.

Biltmore:  0 homes have sold this year.

Blackstone:  6 sales at an average price of $712,000.

Drake:  3 sales at an average price of $687,500.  2 of these homes have elevators which positively impacted the prices paid.

Omni:  3 sales, however 1 was bank owned (it sold for $575,000).  The remaining 2 properties sold for an average of $706,000.  ($705,000 and $707,000.)

Valencia:  1 sale at $615,000.

If you are interested in Tower Crossing or any home in the other Glen neighborhoods, please contact me at 847-401-1802 or by email margaretLudemannl@gmail.com

Margaret Ludemann, Glen Resident & @properties Realtor

New Census Data for The Glen

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A census is done each year in The Glen (by Ehlers & Associates), and the information is always very interesting to those of us who live here and to prospective home buyers.  The Glen is a luxury home and retail development in Glenview, Illinois in the Chicago area’s North Shore.  Some time ago I wrote a blog with the results of 2012’s census.  Below I will summarize some of 2013’s study;  and I will offer more of its information in future blogs.

There are 13 development areas in The Glen, 9 of which are composed of private residences.  The additional 4 areas include 3 senior housing developments and 1 composed of Navy housing.

For the 9 private home development areas, the following shows the number of homes and the number of residents in each (in alphabetical order), broken down by adults and children.  Particularly interesting is the percentage of children in each development.

Aloft Apartments:  181 homes,  199 residents,  188 adults,  11 children,  percentage of children 6%

Cambridge:  244 homes,  698 residents,  478 adults,  220 children,  percentage of children 32%

Chapel Crossing:  167 homes,  676 residents,  378 adults,  298 children,  percentage of children 44%

Glen Shore:  31 homes,  52 residents,  48 adults,  4 children,  percentage of children 8%

Landings (formerly Concord):  143 homes,  588 residents,  322 adults,  266 children,  percentage of children 45%

Patriot Commons:  68 homes,  144 residents,  122 adults, 22 children,  percentage of children 15%

Regency:  62 homes, 153 residents,  124 adults,  29 children,  percentage of children 19%

Southgate:  299 homes,  1,024 residents,  612 adults,  412 children,  percentage of children 40%

Tower Crossing:  154 homes,  378 residents,  299 adults,  79 children,  percentage of children 21%

TOTAL:  1,349 homes,  3,912 residents,  2,571 adults,  1,341 children,  percentage of children 34%

Not surprisingly, the areas with the most single family homes have the largest percentage of children, those would be Landings (formerly called Concord), Chapel Crossing, and Southgate.  Tower Crossing, Patriot Commons, Cambridge, Regency, Aloft, and Glen Shore offer attached housing units such as townhomes, row homes, villas, two-flats, duplexes,  condos or apartments.  Southgate, Regency and Cambridge have single family AND attached homes.

If you may be interested in living in The Glen, please contact me at 847-401-1802 or by email at margaretludemann@gmail.com.  I have lived in The Glen for 10 years, and I know each development intimately.

Margaret Ludemann, Resident of The Glen and @properties Realtor

Update: Southgate home sales & prices

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Southgate is a luxury housing development in The Glen, the north shore’s premier lifestyle community, located in Glenview, Illinois.  Southgate has 237 single family homes.  The following is an update on home sales and housing prices.

4 homes sold from mid-July to mid-September:

  • 4 bedroom semi-custom home on Saratoga sold for $1,279,000.  The home was listed in June, went under contract 3 days later, and closed on 7.30.13.
  • 5 bedroom, 3814 sq ft, semi-custom home on Midway sold for $1,315,000 which was more than the asking (list) price of $1,249,000.  The home was listed in May, went under contract 3 days later, and closed 7.19.13.
  • 5 bedroom semi-custom home on Kittyhawk sold for $1,250,000.  The home was listed in June for $1,275,000, went under contract in July, and closed on 8.14.13.
  • 4 bedroom semi-custom home on Bennington sold for $1,000,000.  This home was listed in March at $1,179,000; it had a price reduction to $1,139,000, went under contract in June, and closed on 8.20.13.

1 home is currently under contract:

  • 5 bedroom, 4200 sq ft, semi-custom home on Independence was most recently listed for $895,000.  This is a short sale.

2 homes are currently listed for sale:

  • 5 bedroom semi-custom home on Kittyhawk was listed in July at $1,399,000.  The home had a price reduction to $1,325,000 which is its current list price.
  • 3 bedroom semi-custom home on Independence was listed in July at $1,268,000.  The price was subsequently reduced to $1,235,000 which is its current list price.

Southgate is one of several developments in The Glen including Tower Crossing, Chapel Crossing, Landings, Cambridge, Regency, Patriot Commons and Glen Shore.  If you would like information about homes in any of these Glen developments, please contact me at margaretludemann@gmail.com or 847-401-1802.

Margaret Ludemann, Glen resident and @properties Realtor

*  The source of the information in this report is the MLS; and homes identified in this update/report were listed/sold/rented by various participants in the MLS.

Tower Crossing Prices up 5.3%, Sales Too

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The Glen is the premier lifestyle community on the North Shore of the Chicago metropolitan area, located in Glenview, Illinois.  It is composed of several neighborhoods one of which is called Tower Crossing.

Tower Crossing is a townhome development with 154 stunning homes, built between 7 and 10 years ago.  It borders Glen Town Center (The Glen’s “main street” which offers restaurants, shopping, a theater, and much more) on three sides.  The 4th side of Tower Crossing borders The Glen Club’s Championship 18 hole golf course designed by Tom Fazio.

There are 6 models of Tower Crossing homes (Astoria, Biltmore, Blackstone, Drake, Omni, and Valencia), and they vary in size between 3031 sq ft and 4105 sq ft.  The current price range is between roughly $600,000 and $800,000.  I am one of the fortunate owners of a Tower Crossing home, an Astoria End Unit model.

As the #1 Realtor* in Tower Crossing, I track home sales and prices constantly.  2013 is turning out to be a banner year for the development.  Sales have increased dramatically in 2013.  So far 17 homes have sold vs. 11 in all of 2012, 13 in 2011, 6 in 2010, and 7 in 2009.  There is also one Tower Crossing home under contract waiting to close; and 2 homes are for sale.

Prices are up 5.3% in the first 8 months of 2013.  On average Tower Crossing homes sell for $196.77 p/sq ft.  In 2012, non-distressed Tower Crossing homes sold for $186.88.  (2011 = $188.86;  2010 = $189.50;  2009 = $179).  As you can see, prices were flat for the 3 years immediately prior to 2013 after dropping considerably when the real estate market collapsed.

If you are interested in Tower Crossing or any home in the other Glen neighborhoods (Cambridge, Chapel Crossing, Glen Shore, Landings, Patriot Commons, Regency (row homes, new construction), and Southgate), please contact me at 847-401-1802 or by email margaretLudemannl@gmail.com

Margaret Ludemann, Glen Resident & @properties Realtor

*  Margaret sold or rented more Tower Crossing homes in 2012 than any other Realtor.

Major Employers Near The Glen

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Glenview, Illinois is home to the stunning development called The Glen on the former grounds of Naval Air Station Glenview.  The development is now 13 years old, and it hosts 5,000 very fortunate residents.  The Glen, which is the premier lifestyle community on the North Shore, is like a small town in many respects with its several neighborhoods within walking distance of its quaint downtown called Glen Town Center.  But parts of The Glen also feel very urban with brick row homes within a few blocks of shopping, dining, and entertainment.

I regularly receive calls and emails from people throughout the country (and the world) inquiring about homes for sale in The Glen.  Why?  Well, because Glenview and a few contiguous communities are home to several large corporate headquarters with executives being transferred in from most anywhere.  Within about a ten minute drive of The Glen you will find the headquarters for Allstate Insurance, Kraft Food Group, Walgreens, Anixter International, ITW, Baxter International, and Scotts Foresman.  Often transferees know about The Glen from their relocation teams or home office employees or from prior visits to headquarters for meetings.  The Glen is desirable due to its proximity, upscale homes, vibrant lifestyle, two golf courses including The Glen Club, and the reputation of area schools.

Just in the last month I helped an executive transferring in from Atlanta purchase a home in our Southgate neighborhood; I sold a home to a Kraft exec; and I sold a home for an executive transferring to Boston who had come to The Glen from out of state 8 years earlier.  The latter two sales were in the Tower Crossing neighborhood.  Two of my favorite neighbors were transfers in from England and Australia.  The Glen also attracts executives working in the many Chicago corporations; downtown Chicago is only a 30 – 40 minute train ride.

The Glen is not, however, an overly transient community.  The bulk of its residents are long term homeowners, either Chicago-area natives or professionals who came here for their jobs and decided that the lifestyle is just too great to leave.

If you would like to learn about homes in The Glen, please call me at 847-401-1802 or send an email to margaret.ludemann@gmail.com

Margaret Ludemann, Glen resident and @properties Realtor