home prices

Glenview home sales down, prices up

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Full-year 2014 real estate sales and pricing data for Glenview Illinois are not yet available, but I have some preliminary numbers that are quite interesting.  Glenview is a north shore community near Chicago with many luxury homes.  The data represent transactions from January 1 through November 30. This data is not only for The Glen but rather for all of Glenview. Later in January I will be able to provide Glen-specific full year sales and pricing information.

So, for the first eleven months of 2014 home sales in Glenview were down 8%. This is for unit sales; that is, the number of homes sold. That’s not really surprising since 2013 was a banner year, a period when home sellers got off the sidelines after the long haul back from the depths of the recession.

Home prices in 2014, however, show an entirely different story. The median price of homes sold in Glenview was up 6%, and the price per square foot was up 10%. This is rather remarkable after such a strong 2013.

I also have information about sales prices vs. list prices in 2014, through November. The average selling price of a Glenview home was 96.4% of the average list price. Not bad. In real estate anything at 95% or higher is considered quite good. So, 96.4% suggests solid performance, though perhaps not extraordinary. In other words, the negotiating leverage between sellers and buyers was relatively even.

Home prices in The Glen tend to be higher than most (though not all) of Glenview. It will be interesting to see Glen-only sales and pricing data for the year. So check back with me via these weekly blogs toward the end of January or early February.

Margaret Ludemann, Glen homeowner and @properties Realtor

MargaretLudemann@gmail.com   847-401-1802

21 homes for sale in The Glen

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There are currently 21 beautiful homes for sale in The Glen, in Glenview Illinois. The Glen is the premier lifestyle community on Chicagoland’s North Shore with over 2,000 luxury homes, and a vibrant community of 17 restaurants, numerous shops and boutiques, and a movie theater in Glen Town Center.  The Glen also offers 2 golf courses and Kohl Children’s Museum.

6 of the current listings are single family homes. The price range is from $869,000 to $2,795,000. They are located in the following Glen neighborhoods: Southgate, Chapel Crossing, Cambridge, and Landings.

15 listings are of attached properties (townhomes, duplexes, and condos), and they range in price from $561,000 to $810,000. They are located in the Tower Crossing, Southgate, Westgate, Regency, Patriot Commons, Glen Shore and Cambridge neighborhoods. In addition to these homes being sold by current homeowners, there are new construction homes available in Westgate and Patriot Commons.

A description of each neighborhood may be found at www.homesintheglen.com. A description of each property for sale may be found on the same website.  There are also numerous rental homes available.

I am a long time Glen homeowner and an award-winning Realtor affiliated with @properties, the #1 producing real estate company in Glenview and on the North Shore. If you may be interested in living in The Glen, please email me at margaret.ludemann@gmail.com or call me at 847-401-1802.

Margaret Ludemann

6 Tower Crossing homes now for sale! (6 for rent, too)

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Three months ago I wrote that only 1 Tower Crossing home was available for sale. My my, how the world has changed in 3 months. Since then 5 homes have been newly listed, and a total of 6 homes are currently for sale.

Tower Crossing is a 154 unit luxury townhome development in The Glen in Glenview, Illinois. To anyone who has ever visited the Glen’s restaurants or shops, Tower Crossing will be remembered as the homes bordering Glen Town Center on 3 sides. They are memorable, too, because they are 4 stories high with beautiful Georgian architecture.

There are 6 basic models in Tower Crossing and some major variations such as end units and bridge units. The homes are large, ranging in size from 3031 sq ft to 4105 sq ft. The price points of Tower Crossing homes range between roughly $625,000 and $900,000.

Now is a great time to be in the market for a Tower Crossing townhome because 4 of the models are for sale. There are 2 Astorias for sale, and 1 of them is an end unit. Astorias offer 3210 sq ft, and the end unit adds another 390 sq ft. 3 Blackstones (384 sq ft), an Omni 3625 sq ft) and a Drake end unit (3075 sq ft) are also on the market.

There are 6 homes also on the rental market ranging in prices between $3950 per month to $4500 per month.

The beauty of Tower Crossing lies not only IN the homes, but also outside. You can walk to 25 eating establishments, numerous boutiques, 2 golf courses (including The Glen Club), a movie theater and a book store. And if you walk across the street (Patriot Boulevard) you’ll find Battery Park, Lake Glenview, the Glenview Park Center, walking and biking trails, tennis courts and more. Residents of Tower Crossing will tell you that living here is all about the lifestyle. It’s the best combination of urban and suburban living.

If you are interested in learning more about Tower Crossing or anywhere in The Glen, please contact me at margaretludemann@gmail.com or 847-401-1802. I am a Tower Crossing resident and a leading Glen-area realtor.

Margaret Ludemann, @properties

11 more great reasons to live in The Glen

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In my blog last week (24 great reasons to live in The Glen) I told you about the convenience and fun of having 24 restaurants all within walking distance of Glen residents. Well, something happened last Saturday night that reminds me of 11 more great reasons. So here’s the story…

A Glen neighbor invited my husband and me to attend a party in their home. The theme was Breakfast at Tiffany’s. Is that fun or what?   So while I was getting all dressed up 1960’s style my husband was pulling together his formal attire for the evening. Tux, check. Tux shoes, check. Cummerbund, check. Bow tie, check. Tux shirt…oops, where’s the shirt? After determining that a) his shirt was at the laundry, and b) the laundry was closed, he was stuck. Then it occurred to us that we live a half block from Glen Town Center, the Glen’s shopping and dining “main street”. Quickly thinking through the many stores in the center, we decided that he had two men’s clothing stores within a block of our home. So he put everything on sans tux shirt and he ran out the door. (Yes, he was wearing a tee shirt under his jacket!) Ten minutes later he reappeared with a stunning white tux shirt; and off we went to the party.

So this morning I decided to look at the Glen’s directory, and I found 11 clothing stores in the center. Some are specialty shops that carry children’s clothes, sports attire, and women’s or men’s clothing. Von Maur, the large upscale clothing store, is also in Glen Town Center, and of course it carries most everything for most everyone.

The Glen (in Glenview, Illinois on Chicago’s North Shore) is a special place. The development has over 2,000 luxury homes, 24 restaurants, a movie theater, museum, art studio, and yes indeed 11 clothing stores…all within a short walk of any home. If you would like to learn more about living in The Glen, please give me a call at 847-401-1802 or send me an email at margaretludemann@gmail.com. I am an award winning Realtor who specializes in Glen homes (single family homes, townhomes, row homes, duplexes, two-flats, condos, and apartments). Home prices range from about $400,000 to $2,000,000.

Who knows…maybe one day you’ll live here…and be in desperate need of a tux shirt on a Saturday night.

Margaret Ludemann, @properties Realtor

New homes in Westgate at the Glen are still available

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So, how many Westgate at the Glen homes are still available? Read on.

Westgate is the new, upscale housing development in The Glen in Glenview Illinois. It is located at the northwest corner of W. Lake Avenue and Shermer Road. Respected home builder E. R. James Partners LLC is the developer. 173 luxury homes are planned in three housing types. There will be 71 row homes, 68 Mews Townhomes, and 34 single family homes. The development will be built in 2 phases with deliveries between 2015 and 2017.

The project kicked off with a reservation event a couple of months ago, and the development opened for sales shortly thereafter.  As of last Friday there were still many homes available for sale.  Here is the breakdown by housing type:

Row Homes:

  • All row homes to be built in phase 1 have sold.
  • Phase 2 homes cannot yet be purchased, however the developer is taking “reservations” with a down payment. Reservations are not binding on the buyer. When final home prices become available for this phase, buyers with reservations may complete their purchase. Currently there are 24 row home reservations. 8 units do not as yet have reservations.

Mews Townhomes:

  • 19 townhomes are still available in phase 1.
  • All 26 townhomes planned for phase 2 are available.

Single Family Homes:

  • 26 of the 38 single family homes have been sold. All single family homes will be built in phase 1.

The news here is that Westgate homes are indeed still available! There were rumors that the development sold out, however as you can see homes in all 3 housing types may be purchased. If you may be interested in a Westgate home or perhaps a home in any other Glen neighborhood, you may contact me for a showing at 847-401-1802 or by email at margaret.ludemann@gmail.com.

Margaret Ludemann, Glen homeowner and @properties Realtor