home sales

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

New census of The Glen tell us a lot about the homes, neighborhoods and residents

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The new census for The Glen has just been completed, and it is interesting reading. For instance it tells us that there are 4,960 residents residing in 2,221 homes in the 13 development areas (read: neighborhoods), as of August, 2014. Of these nearly 5,000 residents, 1,367 are children.

Each year the Village of Glenview (in Illinois) has this census done to calculate payments to various jurisdictions which provide services to Glen residents. So, for instance, the more children in schools means that the village owes more money to local school districts. Let’s dig a little deeper into the census results.

The 13 development areas include 9 with privately owned homes or rented single and multi-family homes. The other 4 include Navy housing and 3 senior housing communities. Navy? Yes, indeed. The Glen resides on the grounds of the former Naval Air Station Glenview; and there remain 112 housing units for Navy personnel of which there are 213 adults and 80 children.

In the 9 communities with privately owned and rental homes, there are 3,921 residents of which 1,287 (33%) are children.   Here is a breakdown by neighborhood:

Chapel Crossing: 167 homes, 368 adults, 277 children

Landings (Concord): 143 homes, 324 adults, 250 children

Southgate: 299 homes, 626 adults, 413 children

Cambridge: 244 homes, 481 adults, 200 children

Tower Crossing: 154 townhomes, 306 adults, 68 children

Patriot Commons: 68 homes, 122 adults, 23 children

Regency: 146 homes, 179 adults, 43 children

Aloft: 181 apartments, 185 adults, 10 children

Glenshore: 31 homes, 43 adults, 3 children

Of the 1,287 children in The Glen, 1,175 are of school age. 82% attend public schools. 18% attend private schools. This last number is particularly interesting because in most suburban communities the percentage of children in private schools averages between 4% and 8%. This variance is likely due to the economic standing of Glen residents. In other words, it is a development comprised largely of affluent families who can afford private education.

There is a lot of additional information in this year’s census, and I will include more of it in future blogs.

Margaret Ludemann, Glen homeowner and @properties Realtor

847-401-1802, MargaretLudemann@cbexchange.com

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