Gallery Park

Rising Home Sales & Prices in The Glen

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Recently I was asked to give a presentation about the real estate market to a group of business men and women.  While preparing my presentation I was struck by the words I saw on my laptop’s screen, words that I had written, but startling none-the-less:  sales are up, prices are up, time on market down, far fewer distressed properties.  Seeing these words on the screen put a smile on my face.  I decided to create another slide that I would have prepared not very long ago:  sales stagnant, prices flat & still falling in some areas, time on market still way too long, too many distressed properties dragging down prices.

Bob Dylan was right, The Times…they are a-changin’

Real estate in The Glen is doing quite well.  Most north shore communities saw increases in prices in 2012 of between 2% – 3%, most of those gains being won late in the year.  But prices in zip code 60026 (dominated by The Glen) rose 4.5% last year, in contrast with greater Glenview (zip code 60025) at 2.9%.  While there are many reasons for The Glen’s superior price performance, I believe the attractiveness of our community’s lifestyle is at the top of the list.  Glen Town Center’s many shops and restaurants (as well as its theater, spa, book store and art gallery), along with Lake Glenview, Gallery Park and golf courses, make this a particularly wonderful place to live.  Our variety of homes, from stately single family homes in Southgate, Chapel Crossing, and Landings to stunning townhomes and villas Tower Crossing, Cambridge, and Regency also attract buyers.

Improving prices are welcome news to Glen homeowners, but buyers have reasons to smile as well.  Prices are still well below their peaks of 5 years ago.  North shore communities are still between 20.5% and 26.1% below those highs.  So this is a great time to buy a Glen home while prices are still below their peaks and before they get any higher.

Margaret Ludemann, resident of The Glen, @properties Realtor

Glen Home Types: Something for Everyone

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I’ve heard some residents suggest that there are far too few townhomes, condos, and villas in The Glen.  I’ve heard others say that the development is over populated with attached housing.  The truth?  Well, they’re both…wrong.

The Glen is a development within Glenview, Illinois on land that was once Naval Air Station Glenview.  But calling it a development doesn’t do it justice.  It’s really a village within a village as evidenced by Glen Town Center (the shopping and dining “main street”), multiple neighborhoods, parks, two golf courses, commercial offices, and a lake, school, and movie theater.  And just like any other town or village, it has a variety of housing types.  One of the brilliant strategies of the Glen’s master plan is the balance of single family homes and multi-family, attached home types.

My research shows that approximately 52% of Glen properties are single family homes.  Currently there are 670 such homes ranging in size from about 2500 sq ft to nearly 7,000 sq ft.  The largest SFH neighborhood is Southgate with 237 properties, followed by Chapel Crossing with 167 homes, Landings with 143 homes, and Cambridge with 123 homes.

This leaves approximately 48% of the Glen’s properties as multi-family.  Within this broad category are 5 different home types.  There are 409 townhomes, 99 condos, 64 villas, 35 duplexes, and 13 two-flats.  These 620 homes range in size from under 2,000 sq ft to over 4100 sq ft.  Multi-family housing is found in the Tower Crossing, Southgate, Cambridge, Glen Shore, Patriot Commons, and Regency neighborhoods.

So there is something for everyone in The Glen, whether you are looking for a comfortable condo or a majestic mansion…or anything in between.

Margaret Ludemann, resident of The Glen, @properties Realtor, email margaretLudemannl@gmail.com

Market Update: Townhomes in The Glen

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It has been a busy spring for attached homes (townhomes, row houses, villas) in The Glen, the premier residential, retail, and dining venue in Glenview, Illinois.

The newest housing development in The Glen is called Regency.  Pulte Homes is currently building 109 townhomes and 40 villas ranging is size from 1523 sq ft to 2493 sq ft.  The development is not yet sold out, but homes are moving rather quickly.  Buyers are attracted to The Glen, and also by the prospect of purchasing new construction at competitive prices in an area known for excellent schools.

The row homes and villas in Southgate were built approximately 9 years ago; the development offers 38 row homes and 24 villas ranging in size from 1585 sq f to 2055 sq ft.  There are no homes on the market currently.  (Homes do show on the MLS and in this website, but they are under contract.  They are removed from the MLS and website when the purchases close.)  3 have sold so far in 2013 and 6 were sold in 2012.  These homes are so popular that they sell rapidly.

There are 3 Tower Crossing townhomes currently for sale.  This development includes 154 homes in 6 models which range in size from 3031 sq ft to 4105 sq ft.  2 of the homes currently for sale are Drake models (3075 sq ft) with elevators!  They have direct views of Lake Glenview and Gallery Park.  The other home for sale is an Astoria model with 3210 sq ft.  There are 2 Tower Crossing homes for rent currently.  7 homes in this development have sold or are under contract so far in 2013, and 3 have rented.  11 sold and 12 rented in 2012.

If you are interested in a luxury townhome or villa on the North Shore, please contact me at 847-401-1802.

Margaret Ludemann

 

The Glen’s Tower Crossing townhomes…jump in recent sales

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A rainbow shines over the Tower Crossing townhomes

Four Tower Crossing townhomes sold in a two week period recently.  One might expect that in a new development with a large number of homes.  But Tower Crossing, in The Glen, is nine years old, and it has only 154 homes.  I haven’t seen anything like it in years.

The Glen is a residential and retail development in Glenview Illinois on the site of a former naval airbase.  When the base was closed the land was sold to the village of Glenview which subsequently developed it into several distinct neighborhoods.  The development is also home to Glen Tower Center with 17 restaurants, many retail stores and boutiques, the Kohl Children’s Museum, an art gallery, and a fine book store.  The Glen development also includes Lake Glenview, Gallery Park, Attea Middle School, the Park Center, and a beautiful new train station.

Tower Crossing borders Glen Town Center and two golf courses, including the Tom Fazio-designed Glen Club.  The Tower Crossing row homes come in six models with 3031 sq ft – 4105 sq ft.  These are luxurious homes, stunning in design and comfortable to live in.  As I said, four of these beautiful homes sold between September 28 and October 12.  I am proud to say that I had a part in three of these sales.  Two were my listings:  1888 Admiral Court and 2001 Valor Court.  I represented the buyer of 1858 Admiral.  The one sale that I was not involved in was at 1800 Admiral.  All four homes are under contract, and waiting to close.

Tower Crossing has four homes currently on the market so if you are interested in a stunning row home and a great lifestyle, please give me a call at 847-401-1802.

Attea Middle School – More Than Meets the Eye

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Last week my son started sixth grade at Attea Middle School right here in The Glen.  And when I say “right here” I mean that it’s smack dab in the middle of our wonderful Glen community.  It resides adjacent to Gallery Park and Lake Glenview.  It is across the street from two of our wonderful neighborhoods, Chapel Crossing (single family detached homes) and Tower Crossing (luxury row homes).  It is also walking distance from the Southgate, Landings, Cambridge, Patriot Commons and Regency neighborhoods.

Like many schools on the North Shore, Attea is thought of as an excellent school.  But what sets it apart is its rich offerings of voluntary activities for kids with all kinds of interests.  There are music clubs such as the Flute/Clarinet Choir, Jazz Ensemble, and Jazz Band (in addition to the regular curriculum of vocal choir, band and orchestra).  My goodness, Attea even has a Ukulele Club.  Yes, you read that correctly…a ukulele club!

There are endless sports opportunities.  Intramural flag football, golf, fitness & conditioning, basketball, volleyball, softball, badminton,  and soccer are open to all Attea students.   The Art Club, Drama Club, and Set Design Club are available for students with creative interests.  And for those with more academic interests Attea kids can join Science Olympiad, Fantasy Math, Peer Tutoring, and Computer Programming clubs.  Other volunteer organizations include Builders Club, Green Club, and even…my son’s favorite…the LEGO Club.  Whatever a student’s interest, there is a club to enjoy!