Southgate in The Glen

Home sales in Southgate at The Glen

by

Southgate is a housing development with 237 single family homes in The Glen. It also has 62 townhomes and villas. The Glen is the premier lifestyle community on Chicagoland’s North Shore in Glenview Illinois with 9 distinct neighborhoods offering luxury homes of all kinds, including single family homes, townhomes, row homes, villas, apartment condos, duplexes, and two-flats.

I haven’t blogged about Southgate since February 3rd, so I’m devoting this blog and my next to that wonderful neighborhood. Today I’ll address the sales of its single family homes, comparing with last year-to-date. Next week I’ll write about home prices. (Hint, they’re going up this year.)

So, analyzing sales data from January 1 through June 15, I’ve found that overall activity is similar to last year. That is rather amazing given the fact that we experienced such a long and severe winter. Real estate sales throughout the country were down through March, but started to pick up thereafter.

HOMES SOLD: In this 5.5 month period 4 single family homes have sold, meaning that the transactions are not only under contract, but they have actually closed. In the same period last year, 5 homes had closed.

UNDER CONTRACT HOMES: In addition to the homes that have closed, 5 are under contract (at June 15th) waiting to close sometime in the next couple of months. Last year, 4 were under contract on that date.

FOR SALE LISTINGS: Both in 2013 and 2014 there were 2 homes listed for sale at June 15th.

While activity has been similar in the two years, I’ve noticed that the real estate market in Southgate picked up last year after June 15. In fact, while 5 had closed by June 15, 2013, 8 more closed the rest of the year. Perhaps Southgate will experience a similar increase the rest of this year, though my guess is that 2014 may see somewhat fewer sales as compared with the red hot market in 2013.

If you would like to know more about living in Southgate or anywhere in The Glen, please contact me at 847-401-1802 or by email MargaretLudemann@gmail.com. I am a long time Glen resident and a @properties Realtor.

Margaret Ludemann

The Glen, not just a home, a lifestyle

by

The Glen in Glenview Illinois.  Perhaps you’ve driven through it at one time or another.  You’ve seen our lovely homes…townhomes, row houses, duplexes, two-flats, condominium apartments, and of course single family homes.  Many are quite large.  In fact the townhomes in our Tower Crossing neighborhood are between 3031 sq ft and 4105 sq ft.  These are townhomes!  And the single family homes in Southgate and Chapel Crossing are typically over 4000 sq ft.  Other homes in the Glen are more modest in size, and quite wonderful.  Some in our Cambridge neighborhood have lovely front porches, tidy back yards, and picket fences.  Yes indeed, we have homes!  1,255 of them currently with more on the way.

Our real estate market, however, is only part of the Glen’s story.  People select homes because they like their style and appearance.  But they select neighborhoods based on community lifestyle.  And that’s where The Glen really shines.  Whenever I meet a prospective home buyer I always point out that buying here is much more than buying a home, they are buying a vibrant lifestyle that is unequaled on Chicagoland’s North Shore.  Within walking distance of nearly every Glen home you can find scores of restaurants and shops, a book store, Glen 10 movie theater, art gallery, spa, heath club, Gallery Park, Lake Glenview, Kohl Children’s Museum, walking paths, jogging and biking trails, 2 golf courses, paddle ball courts, tennis courts, playgrounds, our own Metra station, and a feeling of…well, a feeling of community.

My neighbors in Tower Crossing, for instance, have what we call “mailbox parties”.  We drag out our tables and chairs, and set them up in our beautiful common area near our community mailboxes.  We share stories, catch up on one another’s lives, and enjoy the setting sun.  In winter our get-togethers move to one of our homes or perhaps to the Glenview Prairie Club (open to the public) across the street.

Here in the Glen we have the best of both worlds.  There is the vibrancy of urban living yet enveloped by the beautiful suburban setting of the North Shore.  If you would like to know more about living in the Glen please contact me.  I’ve been a homeowner here for over a decade, and I am a leading Realtor specializing in Glen homes.

Margaret Ludemann, @properties Realtor

margaretLudemannl@gmail.com    847-401-1802

Home sales in The Glen by neighborhood

by

The Glen is an upscale residential and retail development in Glenview Illinois on Chicagoland‘s North Shore.  It is home to 1,255 privately owned residences in 9 distinct neighborhoods.  The Glen’s “main street” called Glen Town Center offers scores of restaurants and shops, as well as a movie theater, coffee shop, book store, and Kohl Children’s Museum.  The development also boasts a lake, park, recreation center, playgrounds, and two golf courses.  Recently I did an accounting of all home sales in The Glen in 2013 by neighborhood using MLS data, and here is what I found:

Cambridge is the development north of W. Lake, and it runs from Patriot Blvd to The Glen’s Metra train station.  It has 278 homes (townhomes, duplexes, two-flats, and single family homes).  14 homes sold in 2013 totaling $7,702,500, an average of $550,178.

Chapel Crossing is a development east of Patriot Blvd and south of Chestnut.  It has 168 single family homes.  9 homes sold totaling $9,283,750, an average of $1,031,527.

Glen Shore is a condominium development on the north side of Chestnut, nearly bordering Lehigh.  It has 31 units.  3 units sold totaling $917,500, an average of $305,833.

Landings is a development south of Chestnut and east of Chapel Crossing.  It has 143 single family homes.  8 homes sold totaling $7,110,000, an average of $888,750.

Patriot Commons is a development west of Patriot Blvd and south of Chestnut.  It borders The Glen Club golf course to the west. It has 68 townhomes and condo apartments.  1 home sold at $465,000.

Regency is the new Pulte development a quarter mile north of W. Lake and west of Shermer Rd.  149 townhomes and ranch villas (and 2 SFH) are planned.  All but 9 units have been sold as of 2.15.14.  29 sales totaled $13,397,485, an average of $461,982.

Southgate Single Family Homes is a development south of W. Lake, and it is bordered on the west by The Glen Club’s golf course.  The southern boundary is Independence Avenue.  It has 237 homes.  11 homes sold for a total of $13,037,000, an average of $1,185,181.

Southgate townhomes are in the confines of the Southgate development.  There are 62 units.  6 homes sold totaling $2,320,000 an average of $386,666.

Tower Crossing is a luxury townhome development bordering Glen Town Center on 3 sides.  It has 154 units.  20 homes sold totaling $13,673,900, an average of $683,695.

Obviously it was a very successful year for home sales in The Glen.  For information about homes for sale in The Glen, please contact me at 847-401-1802 or by email margaretludemann@gmail.com.

Margaret Ludemann, Glen resident and @properties Realtor

Regency at The Glen, only 9 homes left to sell

by

For anyone interested in new construction in The Glen, you still have a chance to purchase a Regency townhome.  But only 9 homes remain to be sold among the 149 homes in the development.

Regency at the Glen is an upscale housing development in The Glen, the premier lifestyle community on Chicagoland’s North Shore, located in Glenview, Illinois.  There are 1,255 privately owned residences in 8 neighborhoods (Cambridge, Chapel Crossing, Glen Shore, Landings, Patriot Commons, Regency, Southgate, and Tower Crossing).  The Glen’s “main street” is called Glen Town Center, and it offers scores of restaurants and shops, along with a book store, movie theater, art gallery, spa, and the ever popular Kohl Children’s Museum.  The Glen has its own Metra train station with service to and from the city in less than 45 minutes.  O’Hare International Airport is approximately 20 minutes away by car.

Regency, built by Pulte Homes, is located off of Shermer Road, about a quarter mile north of West Lake Avenue.  It has 4 models of townhomes, 2 models of ranch villas (duplexes), and 2 single family homes.  The villas and single family homes sold out long ago, and only 9 townhomes remain. 8 of the available homes are of the Providence model with 1,835 sq ft.  Each of these has 2 bedrooms + loft except one unit which is configured with 3 bedrooms + loft.  All of the 2 bedroom homes are end units with windows on 3 sides.  The Providence models are priced between $416,990 and $488,525.

1 Freeport model may still be purchased.  It has 1,523 sq ft, and it is priced at $368,690.  It offers 2 bedrooms + loft.  All of the available homes may be customized with numerous upgrades.

To tour a Regency townhome you may call me, Realtor Margaret Ludemann, at 847-401-1802 or email me at margaret.ludemann@gmail.com.

Margaret Ludemann, Glen homeowner and @properties Realtor

2013 sales increase in Southgate on The Glen

by

Single family home sales in the Southgate neighborhood increased in 2013, from 9 in 2012 to 13 in 2013.  Further, 3 additional homes went under contract that had not closed by year end.  More impressive is the improvement from 2009 when only 2 single family home’s sold.

Before going further, here’s a little Southgate 101.  Southgate is a housing development in The Glen in Glenview, Illinois on Chicago’s North Shore.  The Glen is an upscale residential and retail community with 9 named neighborhoods, one of which is Southgate, and a shopping & dining “main street” called Glen Town Center.  Southgate has 299 homes of which 237 are luxury single family homes.  Many of these homes border The Glen Club’s 18 hole championship golf course.

Let’s look at the prices of the Southgate homes that sold in 2013.  (Street name, followed by size in square feet, and price.)  I do not provide specific addresses out of courtesy to the new homeowners. 

Kittyhawk ,  4618,  $1,250,000

Independence,  4618,   $1,430,000

Bennington,  3456,  $1,000,000

Kittyhawk, 4080,  $1,250,000

Saratoga,  4080, $1,279,000

Midway,  3814,  $1,315,000

Independence,  4164,  $1,350,000

Saratoga,  3805,  $1,140,000

Cabot,  4700,  $1,310,000

Independence,  3498,  $1,160,000

Bennington,  3796,  $1,100,000

Independence,  4232,  $972,000

Kittyhawk,  4253,  $1,215,000

Digging deeper into the sales data we find two other pieces of very good news.  First, no sales listings expired or were cancelled due to an inability to find buyers.  By contrast, 4 listed single family homes in Southgate failed to sell in 2012 and 1 rental listing did not find a renter.  Second, Southgate had no distressed properties listed for sale last year.  A distressed property is either bank owned or it involves a short sale; and they typically sell for well under market value.

Southgate’s sales performance is consistent with what occurred throughout the country in 2013.   The number of homes sold nationally increased by 9.1%; Illinois home sales increased 18.9%; and in the Chicago primary Metropolitan Statistical Area (+ 23%).  Glenview home sales increased 19%.  I see another strong year for home sales in The Glen and in Southgate in 2014.

Margaret Ludemann, Glen homeowner and @properties Realtor

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