Neighborhoods in The Glen

Glen market: lower inventory, but more sales

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My, how the real estate market has changed.  Yes, here in the Glen and throughout the country.

A couple of years ago, most real estate markets had a glut of homes for sale but few buyers.  Today, home inventory is very low, but the buyers are back.  The result is this:  New listings, if priced competitively, will sell…often very quickly.

So, why has this occurred?  First, many homeowners have decided to wait out the market until prices increase substantially.  Second, buyers who have been on the sidelines have decided it’s time to buy.  They are attracted by the extremely low interest rates and the prospect of home prices going up over the next few years.  In other words, they know they can buy more home now than they can in a few years.

Here is one example.  Tower Crossing has 154 beautiful town homes.  Two and three years ago it was not uncommon to see 15 or more of these homes for sale at one time.  But the buyers didn’t come or those who did come wanted very big discounts.  Only seven homes sold in 2009 and six sold in 2010.  It was a buyers market.  Today, there are only three Tower Crossing homes for sale.  It’s been like that since early 2012.  But eleven homes sold in 2012!  We are now seeing multiple offers for Tower Crossing homes, and the time on market has been roughly half what it was a few years ago.  The same is true in other Glen neighborhoods such as Southgate, Chapel Crossing, Landings, and Cambridge.

The bottom line for buyers is this:  There are still good deals on Glen homes, but there are fewer to choose from.  And if you are interested in buying, you should be prepared to act quickly when you find what you want.  I am an original homeowner in the Glen, so I know it well.  If you are interested in a Glen home, please call me at 847-401-1802 or send an email to Margaret.Ludemann@gmail.com.

 

 

Living near The Glen Club, Glenview Illinois

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Spring is just around the corner, and it’s time to be thinking about golf!  One of the great benefits of living in The Glen is proximity to The Glen Club’s 18 home championship golf course designed by Tom Fazio.  The course is open to the public, and it also offers memberships.

The Glen Club opened in 2001 to rave reviews.  It is the only golf course in the country that was named in all three of the Top 10 New Course lists (Golf Digest, Golf Magazine and Sports Illustrated). More accolades followed including the Zaget Survey which put the club on its list of America’s Top 50 Golf Courses (2003 – 05); and Great Lakes Golf Magazine named it the best golf course in Illinois.  The club has been host to numerous Nationwide Tour tournaments; and it is the permanent home of the Illinois Golf Hall of Fame.

The Glen Club is located in The Glen within walking distance of nearly every home.  55 homes in the Southgate On the Glen development and 8 Tower Crossing townhomes border the course, and several other homes in these developments have course views.  In addition to these neighborhoods, homeowners in Regency in The Glen and Cambridge at The Glen are particularly close to the clubhouse.

The Glen is unique and wonderful in so many ways.  Homeowners’ proximity to one of the country’s premier golf courses is one of them.  The Glen Club is located at 2901 West Lake Avenue in Glenview, Illinois.  You may reach the club by phone at 847-724-7272.  If you will be visiting from out of town, the club offers elegant hotel rooms in the clubhouse.

Margaret Ludemann,   Resident of The Glen, @properties Realtor

Phone:  847-401-1802,   Email: margaretludemann@gmail.com

The Glen Census: Neighborhoods, Residents, Children

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Often I receive phone calls or emails from people who live outside of the Chicago metropolitan area who have heard of The Glen or who discovered it while performing real estate searches.  Many found individual homes online, but wonder what the neighborhood is like…and if it’s family/children friendly.  Well, here is some of what I tell them…

                                            “The Glen – By the Numbers.”

NEIGHBORHOODS:  The Glen is not just one neighborhood.  In fact, we have 13 defined residential areas.  They can be classified into three different types of housing:

(1) Privately owned or rented single and multi-family units: Chapel Crossing at The Glen, Landings at The Glen, Cambridge at The Glen, Southgate on The Glen, Patriot Commons at The Glen, Regency at The Glen, Aloft at The Glen Tower Center, Tower Crossing at The Glen and Glenshore Condos;

(2) Senior housing: Vi at The Glen, Chestnut Square at The Glen and Thomas Place; and

(3) Navy town homes (The Glen is located on the land formerly used as Naval Air Station Glenview, and there continues to be some Navy housing.)

HOMES, POPULATION & CHILDREN:  There are 2,075 homes and 4,843 residents in The Glen.  For the record, I haven’t met one who doesn’t love it here.  Of those nearly 5,000 residents are 1,420 children.

  • 1,119 of the children are old enough to attend school.
  • Of these, 210 attend non-public schools (about 18%).
  • 948 children attend the several excellent public schools in Glenview.

The numbers, of course, only tell you a part of the story.  To learn about our homes, shopping, dining, golfing, and lifestyle, please give me a call at 847-401-1802.

Margaret Ludemann

Glen Resident & @properties Realtor