Tower Crossing Prices up 5.3%, Sales Too

The Glen is the premier lifestyle community on the North Shore of the Chicago metropolitan area, located in Glenview, Illinois.  It is composed of several neighborhoods one of which is called Tower Crossing.

Tower Crossing is a townhome development with 154 stunning homes, built between 7 and 10 years ago.  It borders Glen Town Center (The Glen’s “main street” which offers restaurants, shopping, a theater, and much more) on three sides.  The 4th side of Tower Crossing borders The Glen Club’s Championship 18 hole golf course designed by Tom Fazio.

There are 6 models of Tower Crossing homes (Astoria, Biltmore, Blackstone, Drake, Omni, and Valencia), and they vary in size between 3031 sq ft and 4105 sq ft.  The current price range is between roughly $600,000 and $800,000.  I am one of the fortunate owners of a Tower Crossing home, an Astoria End Unit model.

As the #1 Realtor* in Tower Crossing, I track home sales and prices constantly.  2013 is turning out to be a banner year for the development.  Sales have increased dramatically in 2013.  So far 17 homes have sold vs. 11 in all of 2012, 13 in 2011, 6 in 2010, and 7 in 2009.  There is also one Tower Crossing home under contract waiting to close; and 2 homes are for sale.

Prices are up 5.3% in the first 8 months of 2013.  On average Tower Crossing homes sell for $196.77 p/sq ft.  In 2012, non-distressed Tower Crossing homes sold for $186.88.  (2011 = $188.86;  2010 = $189.50;  2009 = $179).  As you can see, prices were flat for the 3 years immediately prior to 2013 after dropping considerably when the real estate market collapsed.

If you are interested in Tower Crossing or any home in the other Glen neighborhoods (Cambridge, Chapel Crossing, Glen Shore, Landings, Patriot Commons, Regency (row homes, new construction), and Southgate), please contact me at 847-401-1802 or by email Margaret.ludemann@cbexchange.com

Margaret Ludemann, Glen Resident & Coldwell Banker Realtor

*  Margaret sold or rented more Tower Crossing homes in 2012 than any other Realtor.

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