Southgate in The Glen

Million dollar homes in The Glen

by

Of the 62 home sales in the Glen in 2014, 18 were for over $1,000,000. The Glen, on Chicago’s north shore in Glenview Illinois, is a luxury home residential development at the site of the former Naval Air Station Glenview.

There are several distinct neighborhoods in the Glen built by a variety of developers. Of these, three experienced $1+ million dollar sales last year: 3 were in Chapel Crossing, 4 were in Landings (formerly Concord), and 11 were in Southgate.

Southgate has the highest percentage of million dollar homes. In fact, of the 237 single family homes in the neighborhood, it is rare for a home to sell for under $1,000,000. The highest price paid for a home in 2014 was $2.2 million dollars, and it was in Southgate on property bordering the The Glen Club 18 hole championship golf course. Homes bordering the golf course have dramatic views, and the lots are larger than in any other area of Southgate and The Glen. The other ten Southgate homes with million dollar sales in 2014 sold for an average of $1,265,000. There are currently three Southgate homes listed for sale at over a million dollars: $2,795,000 and $1,799,000 and $1,689,000.

The four million dollar homes in Landings sold for $1,225,000 and $1,193,000 and $1,100,000 and $1,015,000, an average of $1,113,250.

The three million dollar homes in Chapel Crossing sold for $1,065,000 and $1,055,000 and $1,040,000, an average of $1,053,333.

Of the 18 Glen homes that sold for more than a million dollars in 2014 only 2 realtors sold multiple homes. There are more than 170 realtors in Glenview. I was fortunate to be among the three.

If you may be interested in purchasing a Glen home, please contact me. I am a long time Glen homeowner and a realtor affiliated with @properties.

Margaret Ludemann  

margaret.ludemann@gmail.com   847-401-1802

The Glen’s Glen Shore condos offer luxury and affordability

by

The Glen in Glenview Illinois on Chicago’s north shore consists of privately owned homes, rental apartments, retirement communities and Navy housing. Of the 1,252 privately owned homes, occupied by 3,725 residents, you’ll find single family homes, townhomes, row homes, duplexes, two-flats and condo apartments. The largest of the various neighborhoods, Southgate, has 299 homes and 1,039 residents.

On the other end of the spectrum is Glen Shore, a luxury condo development with 31 units and 46 residents; and that’s my subject for today’s blog. Glen Shore is located at 2300 Chestnut Avenue, east of Attea Middle School, near Lehigh. It’s in the same area as Glenview State Bank. It is an attractive brick building with one, two and three bedroom units. The homes in the west side of the building have lovely views of Lake Glenview and Gallery Park which are the center pieces of The Glen.

One of the great attractions to Glen Shore is its proximity to the Glenview Park Center and Gallery Park. The park center offers a health & fitness center, indoor track, swimming pools, water park, a basketball court, and a senior center. Gallery Park has walking trails, tennis courts, playing fields, a lookout tower, amphitheater, Little Bear Garden, and fishing in Lake Glenview. Glen Shore is also equally convenient to the Glenview Train Station with Metra service to Chicago and Amtrak service to Milwaukee and the North Glenview/Glen Metra Station. Glen Town Center’s many shops and restaurants are also nearby.

The condos are beautiful units. One bedroom homes can be purchased in the $300s and larger unit pricing is in the $400s and $500s depending on size and view. The problem is that few come on the market due to the number and quality of homes and affordability. No homes sold in 2014, though three were sold in 2013.

If you may be interested in Glen Shore or other homes in The Glen, please contact me. I am a Glen resident and an award winning Realtor affiliated with @properties.

Margaret Ludemann, 847-401-1802  margaretludemann@gmail.com

Many neighborhoods and housing types in The Glen

by

There are 1,255 privately owned homes in The Glen in Glenview, Illinois. I’m frequently asked questions about the Glen real estate market, and my answer often surprises people. I tell them that there is no Glen housing market. The fact is that there are ten real estate markets within the Glen development. Ten? Indeed, and here is what I mean.

The Glen is composed of ten neighborhoods built by several different developers. Each has its own unique characteristics. Different kinds of homes…such as single family homes, townhomes, row homes, duplexes, two-flats and condos. The homes are of vastly different sizes ranging from about 1200 to over 5,000 square feet. There is also great diversity in price points. They range from the mid-$300,000’s to well over $2 million. Because of these differences the demographics of Glen homeowners and prospective homeowners vary widely. Hence, ten unique Glen real estate markets.

The nine neighborhoods with completed homes (the 10th, Westgate, is currently under construction) are large…and small…and in between. By that I mean that, for example, Glen Shore has 31 homes while Cambridge has 244. Here is a list of the ten developments, along with the number of completed homes and home types in each.

Cambridge: 244 single family homes, townhomes, row homes, duplexes, and two-flats

Chapel Crossing: 167 single family homes

Glen Shore: 31 condo apartments

Landings: 143 single family homes

Patriot Commons: 68 completed townhomes and condo apartments; and more are under construction

Regency: 149 townhomes, attached villas (duplexes), and two single family homes

Southgate SFH: 237 single family homes

Southgate TH: 62 townhomes

Tower Crossing: 154 townhomes

The Westgate neighborhood will have 171 homes, a mix of single family, townhomes and row homes.

So you see, the great diversity of home types, sizes, and prices make The Glen an attractive choice for many different prospective buyers. If you are interested in living in The Glen, please contact me. I am an original Glen homeowner and a Realtor affiliated with @properties.

Margaret Ludemann

margaret.ludemann@gmail.com   847-401-1802

24 Westgate at the Glen homes still available

by

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

Prices increased in The Glen in 2014

by

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