Wilmette, IL Real Estate News

By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette Retail Space Available Wilmette, as well as Winnetka, has a lot of empty retail space and landlords are more willing to negotiate and help with build out.  When interviewing the owner for a  post about Green Bay Cycles, he told me his landlord was more than accommodating in helping get his business started in Winnetka. Wilmette's website now has a list of retail properties with their rental price per square foot.  For more information to get  your business situated in Wilmette, please go to Available Retail Space in Wilmette
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By Marla Schneider, Move with Marla
(The Marla Schneider Team)
One way to update your Wilmette home is by doing a green remodel in your kitchen. When it's time to sell your home, potential buyers will appreciate the added value of a green kitchen. Before you panic thinking that making your kitchen "green" will break the bank, an earth-friendly remodel can work wonders without breaking your household budget. An eco-friendly kitchen can mean a healthier kitchen for your family. By eliminating or reducing the invisible and odorless toxins in your cabinets and countertops, you will take giant steps toward going green in your kitchen. Most cabinets are made of particleboard which is most commonly made with urea formaldehyde resin - a known carcinogen - which can emit this toxin for the life of the cabinet. If replacing cabinets is not within your budget...
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In the familiar Aesop fable, it was the slow but determined tortoise who eventually won the race against the cocky and speedy hare. The moral of the story was ‘slow and steady wins the race’. When it comes to positioning the listing price of a home for sale, however, strategizing how fast ... or slow ... to run the race can often mean the difference between selling tortoise-slow ... or hare-fast. The tortoise or the hare Like the tortoise, when homeowners first list their home for sale, they often have 2 selling prices in mind. the price they really want and the price below which they won’t go In a declining market, both prices can easily slip away like a distant memory. But strategizing long before they have to take a psychological loss can often save homeowners both bucks and months. ...
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By Judy Chapman
(Referral Network of Illinois LLC)
Sales in Wilmette have softened in the most recent 3 months, no doubt due in large part to the traditional winter-season slowdown. This data was provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area. State of the current market While real estate in the Chicago market is traditionally affected by seasonal trends, certain facts are worth noting. Even though sales dropped off, homeowners who couldn’t sell last year are hanging on. ‘For Sale’ signs are planted in front lawns all over the North Shore, gathering icicles. Meanwhile, more homeowners have put their houses on the market, modestly increasing inventory levels. Short blip or lon...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette School Tax Referendum - More Sources for Information Two weeks ago I wrote a post about this important referendum for increased funding for the Wilmette schools:  Wilmette District 39 - School Tax Referendum Coming Up. There are, of course, opposing sides to this referendum.  Those supporting the referendum call themselves "Citizens for Wilmette Schools" and their website is:  supportwilmetteschools.com Opposing the referendum is "Decline 39" whose website can be found at:  Opposing Wilmette District 39 Referendum. To recap the issue, the Wilmette school district is projecting a $5.5 million deficit in the current school year after having made substantial cuts.  Officials say that without the revenue generated by the tax increase, they will be forced to made even deeper cuts th...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
North Shore Homes - Winnetka, Wilmette, Glencoe, and Kenilworth Tuesday mornings mean real estate broker tours for new homes on the market in Winnetka, Wilmette, Glencoe and Kenilworth (Wednesdays for Northfield.)  This past Tuesday was depressing for the simple reason that I saw too many new overpriced homes in a saturated market of overpriced homes.  Month after month I write posts and present statistics that show the ratio between the list price, sell price, and days on market.   Overpriced listings will almost always sell for a large discount (check my posts  - some for as much as 60% for non-distressed properties) and take a very long time to sell. The homes that are priced to sell (perhaps even underpriced to draw volume) sell quickly and for around 95% of list price.   Why would ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette School District #39 and 37 Do you sometimes wish you could quickly look up certain information about your children's schools? I've come across a site that is provided by the Illinois State Board of Education that has lots of different types of data.   Here are the links for Wilmette School District #39/37: How Much Does Wilmette School District 39 Spend?  (enter Wilmette SD 39 and press "go") The following link will give you the report card, demographics, average teacher salary, average teacher experience, and average spent per student. Wilmette School District 39 Report Card    Wilmette School District 37 (Avoca) Report Card Wilmette School District 37 (Marie Murphy) Report Card   Here's the same information broken down into individual schools: Wilmette School District 39/37 S...
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By Anne West, Your Guide to Real Estate on Chicago's North Shore
(Coldwell Banker)
Ask anyone why they moved to the North Shore and they will tell you that our excellent schools were a driving factor, if not THE driving factor. And they pay a premium to live here and access those schools. Wilmette is one North Shore community with a strong tradition of academic excellence. Three of its elementary schools were awarded the prestigious U.S. Department of Education Blue Ribbon. All six District 39 schools were ranked in Chicago Magazine’s Top 20. But on April 5th Wilmette’s commitment to academic excellence will be tested. Residents will vote on a referendum that would increase property taxes by $58.80 per $1000 paid, in order to prevent drastic spending cuts in the Wilmette schools. Here are the facts: 1. The district’s financial situation is dire. The schools have “trim...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette District 39 - School Tax Referendum Coming Up Tax increases have always been a volatile issue and it's no different with this referendum that proposes a tax increase to raise $6,375,000 to address a $5,500,000 budget shortfall.  Affected by this referendum are all District 39 schools:   Central Elementary Harper Elementary McKenzie Elementary Romona Elementary Highcrest Middle Wilmette Junior High According to school officials, between decreased funding and  increased enrollment, the budget deficit will lead to unwelcome cuts. These would include all foreign language instruction (K-8), instrumental music (5-8), and reduced music, art and physical education (K-4).  Staff cuts would include 24% of the teaching staff, all librarians, technology staff, and teacher specialists. As a...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
5 Good Reasons to Sell Your Wilmette Home NOW Many potential sellers wait for the vaunted SPRING market to list their homes for sale - it's tradition! The weather is improving, bulbs are pushing up, and buyers will start sniffing around again.   But there are some very good reasons to get on the ball and do it now - and the reasons are particularly urgent this year.  Steve Harney, a real estate expert who specializes in negotiation and leadership training wrote yesterday "The wisdom of waiting for a spring market is another belief that is about to fall."  Here's why:        1.  Interest Rates are Going Up                   They've been climbing steadily for several months and are starting to creep over 5%.  Why does this matter to sellers?  As rates increase, then the buyer's purchasing...
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By Anne West, Your Guide to Real Estate on Chicago's North Shore
(Coldwell Banker)
The debate raging around a proposed cell tower on Centennial’s roof will come to head tonight at the Park Board meeting being held at Village Hall at 7:30 pm. The proposed nine foot cell tower being considered by the Park Board would generate $3000 per month in added revenue and would help offset operating expenses for the Park District. Residents in the area oppose the tower based on both appearance and health/safety concerns, and plan to voice their opposition at tonight’s meeting. While the FCC maintains that there is unlikely to be danger to residents from cell tower radiation, opponents say there is considerable evidence to the contrary. In a letter to the Park Board one concerned citizen provided the following rationale for opposition to the proposed tower: The FCC relies on emiss...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Amy Dickinson Discusses Teenagers (!) at the Wilmette Theater One of the toughest jobs in the universe is parenting teenagers- neither here nor there beings that make us lose our hair and our patience.  If you're at this point in your life, help is on the way. Nationally syndicated author and help-column writer Amy Dickinson will answer your questions at the Wilmette Theater this Wednesday. Joining her will be Tom Matlack, founder of the Good Men Project to discuss parenting teenagers with understanding and patience.  Amy has had some experience with this topic - she parented five daughters! The event, titled, "Relationships 101: A Survival Guide for Parenting Teens" costs $20 which includes wine and food following the program. Tickets can be purchased by calling 312-222-3348 or by visi...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Kenilworth Gardens Market Statistics and Absorption Rate   Kenilworth Gardens is a choice location for many different people - it's a small demarcated area with Beechwood running along its north side, Ridge Road along the east, Elmwood along the south, and Hunter on the west.  Many couples and families move here from the city finding that the smaller lots and close-in feel mimic urban living while offering a suburban lifestyle. If you are considering moving to this unique area in Wilmette, here is some valuable market information:   Total Sales Year to Date (Jan 2010-Nov 22 2010) 28 List Price to Sell Price Ratio 89% Average Days on Market 163 Absorption Rate 4 mos       The absorption rate for any particular area tells us how many months it would take to sell all the currently inventor...
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By Haris Dedic, Glenview Real Estate - Chicago North Shore
(RE/MAX Villager 847-878-2588)
There is a movie set in Glenview, IL this week.  “Contagion,” an action-thriller directed by Oscar-winner Steven Soderbergh with Matt Damon, Gwyneth Paltrow, Kate Winslet, Marion Cotlliard, Jude Law and Laurence Fishburne starring. Will any of the locals be surprised by a star sighting? Few other movies filmed near by: The Weather Man (Skokie, Evanston) with Nicolas Cage and Derailed with Clive Owen and Jennifer Aniston were fillmed in 2005. Mean Girls with Lindsay Lohan had one scene filmed at Old Orchard Shopping Center in Skokie. Surviving Christmas with Ben Affleck, Cheaper by the Dozen with Steve Martin, Shattered Glass with Heyden Christensen. Chain Reaction came out in 1996 with Keanu Reeves and was shot at a Lake Bluff estate. Home Alone  came out in 1990 and was filmed in Lake ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette Market Stats - Absorption Rate - Year to Date   To get a snapshot of  where Wilmette currently stands in terms of  closed sales for year-to-date October 1, 2009 through September 30, 2010 here are the numbers: Total Inventory (single family homes as of today (October 19, 2010)                                  185                                                                                                                          Closed in past year                                                   289                                                                                      Average # of sales per month                                      24                                                                             Absorption Rate                                 ...
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By Anne West, Your Guide to Real Estate on Chicago's North Shore
(Coldwell Banker)
Wilmette is in for a bad case of celebrity-itis. Even those of us who spurn Us Weekly and its ilk, will not be immune to the fever when the cast and crew from a new movie descend upon the town in a couple of months. The movie is called “Contagion” and it is an action-thriller about the worldwide outbreak of a deadly disease, and the international team of doctors contracted by the CDC to deal with the epidemic. Apparently it won’t be a sensationalist sci-fi movie, but rather an examination of how different groups (media, politicians, medical community and the general public) deal with the threat of a worldwide pandemic. Director Steven Soderbergh must have liked the North Shore when he was here last time (shooting Ocean’s Twelve in Winnetka and Lake Forest), but this time he’s going to s...
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By Anne West, Your Guide to Real Estate on Chicago's North Shore
(Coldwell Banker)
If you’re an antique lover Wilmette’s Antiques Row is your destination for an afternoon of serious browsing. Although not an official name, the stretch of Ridge Rd between Lake and Wilmette Avenues has become known locally as Antiques Row because of the collection of stores clustered in those few blocks. Now we have a new one to cement the moniker. Collector’s Corner has moved in to the location at the corner of Lake and Ridge Roads, making it the northernmost stop on the Row. Here’s a rundown of the six shops: Heritage Trail Mall Antique Emporium 410 Ridge Rd. (847) 256-6208 Hours: Monday-Friday 11:00-5:30; Saturday 10:00-5:30; Sunday 12:00-5:30 Heritage Trail is the oldest antiques store on Ridge Rd. It was opened in 1993 by owners Joan and Jenny Carlson, and is now managed by daughte...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Get Your Antiques Appraised in Wilmette at Plaza del Lago - 9/25/10 If you're a fan of Antiques Roadshow and have always wondered about the value of certain collectibles you own, you are in luck.  Tomorrow, Saturday, September 25, appraisers Gary Sohmers and Daniel Buck will be at Plaza del Lago to help North Shore residents determine the value of their antiques and collectibles.  Gary Sohmers is known as the "King of Pop Culture" and produces and hosts the syndicated radio show "Calling All Collectors."  He is also one of the appraisers of Antiques Roadshow on PBS.  Daniel Buck Soules has been in the antiques and art business for over 30 years and has conducted auctions and appraisals all across the country. There is a suggested $10 donation for each item appraised, up to five items.  ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette Open House - 1028 Elmwood on 9/19 from 1-3 pmCome view this "CAGE" beauty in east Wilmette on Sunday from 1-3 p.m. Great 5 bedroom home with a huge family room off the kitchen, 2 car garage, full basement.  Walk to the beach and train.  $899,000                                                                      
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By Anne West, Your Guide to Real Estate on Chicago's North Shore
(Coldwell Banker)
There is something about a tent circus that makes me nostalgic. Not that I ever went to a tent circus when I was a kid. By that time Barnum and Bailey was a three-ring extravaganza you had to drive all the way downtown to the Civic Center to see. It didn’t arrive on a train in the dead of night (at least I don’t think it did). There was no tent. And you had to drive 40 minutes and pay to park in some big underground parking garage. Not exactly small town Americana. But I did see movies about how circuses used to be in the good old days. My favorite was a Disney one called Toby Tyler about a kid who runs away from home to join the circus. He starts out with a job peddling concessions and then (somehow) manages to work his way up to being a bareback rider (within about a week of joining ...
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