North Shore

Prices increased in The Glen in 2014

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Home prices in The Glen (in Glenview, Illinois on Chicago’s north shore) rose again in 2014. While I haven’t completed my analysis of the entire Glen, I do have information about two of its neighborhoods.

Tower Crossing is the development adjacent to Glen Town Center (the shopping and dining “main street) with 154 luxury townhomes. If you’ve been to the Glen you will remember seeing them because the homes are 4 story, brick homes of Georgian architecture. These homes are large, ranging in size from 3031 sq ft to 4105 sq ft. In 2014 prices increased 3.9% after rising over 6% in 2013. The average price p/sq ft in 2014 was $206.01 compared with $198.28 in 2013. In the prior 3 years (2010 through 2012) prices were relatively steady at approximately $188 p/sq ft.

Prices also rose in Southgate. This development contains 237 large single family homes and 62 row homes. Among the single family homes 55 border The Glen Club’s 18 hole golf course, and 182 do not. I have analyzed the prices of single family homes. Prices for the homes that are not on the golf course increased 7% in 2014 to an average of $315.42 p/sq ft compared with $294.61 p/sq ft in 2013. There was only 1 home sold on the golf course, so I did not reach any conclusion as to pricing trends for golf course properties. Home sales (the number sold) in both developments were down last year, but I’ll save that discussion for a future blog.

When I complete my analysis for the entire Glen I believe I’ll find the same thing…home sales down, home prices up. That’s essentially what occurred in the real estate market nationally and in Glenview.

If you are interested in purchasing a home in The Glen, please give me a call. I am a long time Glen homeowner and a leading Realtor in the Glen and greater Glenview.

Margaret Ludemann

@properties Realtor 847-401-1802   MargaretLudemann@gmail.com

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

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

24 great reasons to live in The Glen

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There are 24 restaurants in The Glen, the upscale housing and retail development in Glenview Illinois on Chicago’s North Shore. We realtors talk a lot about homes. How big they are. Where they are located. Nearby schools. Prices. Too often, though, we forget to discuss other benefits of living in a particular locale. So today I want to tell you about a HUGE benefit of living in The Glen. And here’s one: As a resident I can walk to two dozen Glen restaurants. Really.

The Glen is not your ordinary housing development. Sure, we have plenty of single family homes with large yards. But we also have townhomes, row homes, two-flats, duplexes, condos, and rental apartments. And they are in close proximity to all of these wonderful places to dine and also dozens of shops and entertainment venues. We’re kind of suburban. But we’re kind of urban, too. Actually, we’re a blend of both…with the advantages of each.

I live in Tower Crossing. It’s a neighborhood of townhomes that borders Glen Town Center, The Glen’s “main street”. I can walk out my front door and walk a half block to Salerno’s Italian restaurant. Walk a half block in the other direction and I can dine in The Glen Club’s grill with traditional American cuisine. There are 15 other restaurants right in town center and several others if I’m up for a walk of 5 or 6 blocks. The Glen offers food of all kinds. We have, as I said, Italian and American cuisine; and we also have Mexican, Irish, Japanese, Thai and Indian. From upscale dining to casual sandwich shops, The Glen has it all.

How many times have you wanted to go out to eat, but you didn’t want to deal with traffic? Or maybe you didn’t want to drive after having a cocktail? Ah, the beauty of living in The Glen.

To see a list of all Glen restaurants (and their menus) go to www.theglentowncenter.com. And if you are interested in living in the Glen, give me a call at 847-401-1802 or send me an email at MargaretLudemann@CBexchange.com.

Margaret Ludemann, @properties Realtor