single family homes

24 Westgate at the Glen homes still available

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The new Westgate development in The Glen (Glenview Illinois) is proving to be very popular. While construction is in early stages, sales have been strong. Of the 171 homes planned, all have been contracted except for twenty-four.

E.R. James Partners, LLC is the developer of the project. This is the same firm that developed the very upscale, high price point Southgate development, also in The Glen. Westgate is located at the northwest corner of W. Lake Avenue and Shermer Road, immediately to the north of The Glen Club and west of Glenview Prairie Club Golf Course. It is also a short walk to Glen Town Center, The Glen’s main shopping and dining area. So for people interested in new construction in close proximity to dining, shopping and golf, Westgate is a great choice.

The development offers 70 row homes ranging in size between 2542 and 2980 square feet (sq ft). There are 6 units still available for sale.

Sixty-three mews townhomes are planned ranging in size between 2037 and 2399 sq ft; and 9 may still be purchased.

Only 9 of the 38 very popular single family homes remain to be purchased. They range in size between 1885 and 2464 sq ft. Like the attached properties, these beautiful homes offer maintenance free living.

So, if you are interested in new construction in The Glen, please give me a call at 847-401-1802 or send me an email at margaretludemann@gmail.com. I would love to show you Westgate or other homes for sale in The Glen.

Margaret Ludemann, Glen homeowner and @properties Realtor

Glenview home sales in perspective

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In my blog a few weeks ago I provided a Cliff’s Notes summary of housing sales in Glenview Illinois (on Chicago‘s North Shore), comparing 2014 to 2013. A little longer view is interesting because it shows the result of the real estate market collapse and the subsequent rebound. This blog will deal with Glenview, not merely The Glen which is the upscale housing and retail development on the grounds of the former Naval Air Station Glenview.

Real estate sales and home prices increased rapidly in the early 2000’s peaking roughly in 2006 and 2007, when the home price “bubble” burst. 382 single family homes sold in Glenview in 2006. From there the decline was rapid and severe. 348 homes sold in 2007, a decline of 9%. In 2008 the story was even worse with only 290 homes sold, a decline of nearly 17%. From this point through 2013 home sales rose, as follows:

2009   305

2010   373

2011   394

2012   447

2013   536

So, from the low of 290 sales in 2008 to 536 in 2013, single family home sales increased 85%.

2014, however, was a different story. Home sales declined to 472. The question is why? Well, I suspect it was largely a hangover from the huge number of sales listings in 2013. In other words, as economic conditions improved in 2013 many homeowners – those who had been waiting to sell for years – finally listed their homes. With so many homes sold in 2013, there were fewer homeowners wishing to move in 2014. Some perspective is helpful, though. 2014, while having fewer sales than 2013, experienced the second highest number of sales in 10 years. So…was it a disappointing year? I say not. The market merely corrected a bit as a response to 2013.

I don’t yet have full year sales data for The Glen, but having analyzed two of its neighborhoods in depth, I believe we will find a similar pattern to greater Glenview. When I’ve completed my analysis, I will write about it in a future blog.

Glenview is an incredible place to live. If you are interested in living here – and perhaps in The Glen where I live – please email me at Margaret.Ludemann@gmail.com or give me a call at 847-401-1802.

Margaret Ludemann, @properties Realtor

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

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