Winnetka, IL Real Estate News

By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WINNETKA HOME SALES for AUGUST 2019 30 homes closed in WINNETKA in August. The median price of these sold homes was $1,225,000, the list to sell price ratio was 92%, and the average days on market was 92.  The absorption rate is currently at 7.5 months (Absorption rate is an indicator of how long all the current inventory would take to sell if no new properties were added.) At this rate, it's a buyer's market with a balanced market being around 4-5 months. The list to sell price ratio of the sold homes shown below is 92% - which shows that Winnetka homes are entering the market priced too higg.  WINNETKA REAL ESTATE MARKET TODAY Homes for sale: 144Price range: $439,000 to $9,500,000 Under contract: 26Absorption rate: 7.5 months (trending toward a buyer’s market)Condos for sale: 9Price r...
Comments 1
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 Two new homes were listed in Hubbard Woods in August and four sold and closed.    NEW HUBBARD WOODS LISTINGS AUGUST 2019 - 2   800 Green Bay - $514,900           1271 Asbury - $925,000         SOLD HUBBARD WOODS LISTINGS AUGUST 2019    1364 EdgewoodOriginal list price: $850,000Sold price: $682,310Days on market: 204       1046 VineOriginal list price: $959,000Sold price: $959,000Days on market: 3            1030 Hubbard Pl.Original list price: $2,295,000 in 2009, $1,899,000 in 2015, $1,599,000 in 2019Sold price: $1,475,000Days on market: on and off since 2009       1363 HackberryOriginal list price: $3,425,000Sold price:  $3,250,000Days on market 193      PRIVATE HUBBARD WOODS LISTINGS - not yet public but available for sale 1095 Merrill1bed/1bath condo$220,000      1183 Tower4bed/4.1b...
Comments 2
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
  DOG APPRECIATION DAY - With 1 Stunning OmissionWell folks - today is Dog Appreciation Day. August 26, 2019. NOT to be confused with:  Love Your Pet Day (February) Walking the Dog Day (February) International Dog Biscuit Appreciation Day (March) National Puppy Day (March) Pet Owner’s Independence Day (April) Mutt’s Day (July) Work like a Dog Day (August) National Dog Day (August)  National Pet Memorial Day (September) Dogs in Politics Day (September) Do we love our dogs or what?You see, there’s a designated wacky or bizarre holiday for every day of the year - think   Fruitcake Toss Day Appreciate a Dragon Day Be Nasty Day Waffle Iron Day World Sauntering Day Eat Beans Day Embrace Your Geekness Day Learn Your Name in Morse Code Day Worship of Tools Day Yet in all this hilarity I must po...
Comments 23
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 The Sellers Asked Who Pays the Buyer’s Broker?I have a listing in Winnetka IL that I have been working to ready for market for quite some time. The sellers have lived in the home for over 40 years so were admittedly out-of-touch with current real estate ways of conducting business. During one meeting, they asked, somewhat incredulously, “I heard  that we have to pay the broker who brings the buyer - is that possibly true.”  It is true, although some try to make the case that since the buyer is paying the money for the house, they actually pay for their agent. As one Texas Realtor said, “while sellers pay the fees, but they usually wrap them up into the price of the home. In that sense, you could say the buyer pays the fees.” But I don’t go for that. When you list your Winnetka or North...
Comments 4
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 WINNETKA HOME SALES for JULY 2019 35 homes closed in Winnetka in July which is 9 more than last month. The median price of these sold homes was $1,200,000, the list to sell price ratio was 91%, and the average days on market was 133. WINNETKA REAL ESTATE MARKET TODAY Homes for sale: 159Price range: $315,000 to $9,500,000 Under contract: 35Absorption rate: 8 months ( buyer’s market)Avg. days on market: 172 (past 12 month sales)Average list-to-sell price ratio: 90%Condos for sale: 11Price range: $285,000 to $725,000    This chart shows how the median home price has shifted since January of 2019 from a low of $832,000 to a high of $1,526,000 this past May.    This graph indicates total home sale numbers since January 2018.      See all WINNETKA HOMES FOR SALE   Sign up to get monthly Nort...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 3 new homes were listed in Hubbard Woods in July: NEW HUBBARD WOODS LISTINGS  1330 Westmoor:  $1,250,000           921 Pine:  $1,290,000          12 Kent:  $3,350,000     SOLD HUBBARD WOODS LISTINGS - 13 closed sales in July 1371 ScottOriginal list price: $875,000Sold price: $750,000Days on market: 88       1165 HamptondaleOriginal list price: $929,000Sold price: $875,000Days on market: 21        885 PrivateOriginal list price: $1,175,000Sold price: $887,500Days on market: 69    1005 WestmoorOriginal list price: $1,064,500Sold price: $974,500Days on market: 50     1189 OakleyOriginal list price: $1,795,000Sold price: $1,172,000Days on market: 712      1503 EdgewoodOriginal list price: $1,765,000Sold price: $1,210,000Days on market: 594        630 LocustOriginal list price: $1,579,000So...
Comments 1
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 Should You Reface your Kitchen Cabinets Before Selling? Many homes in Winnetka and the North Shore have beautiful (and not very old)  kitchens with wood cabinets. Nowadays, the current trend of white or painted kitchens is going strong and stained wood cabinets scream “dated.” If you are planning on selling your home, understand that kitchens can make or break a home - particularly in our current North Shore housing market. But kitchen renovations are costly, so if yours is in decent condition, there is a good option. A simple fix would be repainting, refacing, or replacing the cabinet fronts. However you decide to go, the transformation is amazing, is less expensive than a whole kitchen remodel, and produces less waste. The bigger benefit would be a faster sale for more money - buyers...
Comments 4
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 How and When do I Negotiate Home Inspection Items - asked the buyer . . . who had not yet made an offer on the Wilmette property.  Why the rush to concern yourself about problems that haven’t arisen yet? I don’t think all buyers do this - but when that question arises, I know the buyer might not have a clear understanding of the order of things: view home, make offer, sign contract, conduct inspection, discuss items of concern. In the Chicago North Shore area, the contract to purchase a home has several important contingencies that buyers generally request: a home inspection, an attorney review of the contract, and financing. The home inspection contingency calls for the inspection to be completed and notice sent to the sellers (or their agent or attorney) within 5 business days. The c...
Comments 5
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WINNETKA HOME SALES for June 2019 26 homes closed in Winnetka in June which is 4 more than last month.     WINNETKA REAL ESTATE MARKET TODAY Homes for sale: 167Price range: $335,000 to 9,500,000Under contract: 55Absorption rate: 8.5 months (seller’s market)Condos for sale: 13Price range: $283,000 to $848,000 Median price range of homes for sale: $1,299,000 Average days on market for homes that sold in past 6 months: 177 Last June (2018) there were 38 homes sales in Winnetka compared to 26 this June. There has been a decided slowdown in home sales in the market in the past 12 months as indicated in this chart: There is no shortage of inventory and sales are down . . . but the median price has risen from $1,100,000 last June to $1,300,000 this June. This does not mean home prices have ris...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
3 new homes were listed in Hubbard Woods in June: NEW HUBBARD WOODS LISTINGS 995 Grove:  $980,000             1288 Westmoor:  $1,300,000          205 Scott:  $1,499,000    SOLD HUBBARD WOODS LISTINGS - 8 closed sales in June 1376 AsburyOriginal list price: $639,000Sold price: $600,000Days on market: 9       1049 ChatfieldOriginal list price: $925,000Sold price: $840,000Days on market: 117       797 WaldenOriginal list price: $1,069,000Sold price: $999,900Days on market: 169      999 LakeOriginal list price: $1,385,000Sold price: $1,310,000Days on market: 29     1153 PineOriginal list price: $1,650,000Sold price: $1,300,000Days on market: 105      1070 FisherOriginal list price: $3,250,000Sold price: $1,763,000Days on market: 797      770 HeatherOriginal list price: $2,850,000Sold price:...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
9 Smart Things to do Before You MoveThere are SO many things to remember when you’re moving. Understand that you will be living in controlled chaos for a while - but there are some things that should be done which will make the transition smoother for you.  Change of AddressVisit your post office first and fill out a form to get started (you can also do this online at USPS Change of Address. Then make a list of all the regular places that you get mail and start changing your address online.  Think Amazon, medical prescriptions, subscriptions, and any other regular deliveries. Order some nice change-of-address cards for your friends and associates - Shutterfly is a good source. Contact the UtilitiesLet them know the close date of the sale and cancel it from your name. If you’re moving lo...
Comments 1
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WINNETKA HOME SALES for May 2019 22 homes closed in Winnetka in May ranging in price from $610,000 to $4,000,000. This is a huge improvement over May of 2018 when only 5 houses closed.  WINNETKA REAL ESTATE MARKET TODAY Homes for sale: 169Price range: $350,000 to $9,500,000Under contract: 64Absorption rate: 8.4 months (a buyer’s market)Condos for sale: 14Price range: $250,000 to $848,000 Median price range of homes for sale: $1,395,000 Average days on market: 170  Winnetka's real estate market is considered a buyer's market currently. There are more homes for sale than there are buyers so buyers have the advantage. Homes that are priced very well - or are in top-notch condition will attract these buyers. SEE ALL WINNETKA HOMES FOR SALE Get monthly real estate news for Winnetka & the Nor...
Comments 1
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
When I think back on the first home my parents bought in 1955 I’m impressed that they accomplished it. They had just emigrated here in 1951 and somehow managed to secure jobs and buy a house (shown above.) Did they even get a mortgage back then? I can’t tell you the details of their purchase because I don’t know them (except for the price which was $15,000), but I know that this scenario still happens today. Yes, it’s harder, more time-consuming, and exponentially more expensive, but buying a home is still considered the American dream. And whether born here or a new resident, people strive mightily to have their own “patch of grass.”  Buying a home has changed in more ways than lending practices or prices. In general, modern real estate as it’s practiced today really got going after Wo...
Comments 7
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
2 new homes were listed in Hubbard Woods in May which is low considering that we’re still in the spring market. NEW HUBBARD WOODS LISTINGS 1065 Vine - $599,000            841 Bell - $1,750,000             SOLD HUBBARD WOODS LISTINGS - 7 closed sales in May 1091 FisherOriginal list price: $2,195,000Sold price: $1,450,000Days on market: 967       1057 VineOriginal list price: $1,795,000Sold price: $1,475,000Days on market: 195         1225 PineOriginal list price: $1,535,000Sold price: $1,505,000Days on market: 6         830 Glen OakOriginal list price: $3,150,000Sold price: $1,875,000Days on market: 451     932 Pine TreeOriginal list price: $2,695,000Sold price: $2,180,000Days on market: 247      127 Old Green BayOriginal list price: $2,350,000Sold price: $2,200,000Days on market: 11    ...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Be the Smartest Home on Your Block! Join us for a smart meeting on smarter homes. Learn how you can easily automate your home’s essential systems with the latest technology. Smart home technology promises to make your living space more comfortable, convenient, and secure with just one easy app! Control lighting, access to your home, have 24-hour alarm monitoring, and use simple motion detection devices that send info directly to your phone or ipad. Consider that a smart home can adapt to your and your loved one’s lives - from your first apartment through helping you care for aging family members. PROTECT WHAT MATTERS TO YOU MOST NO MATTER WHERE YOU ARE! When:  Tuesday, April 23 from 7-8pmWhere: Baird & Warner Winnetka office, 549 Green Bay RoadYour host:  Margaret Goss, real estate brok...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Winnetka North Shore High-End Luxury Homes Viewing the high-end luxury homes we have on the North Shore is a perk of being a real estate agent. Some of these mansions are new construction but have been gutted and meticulously restored and updated to such a degree that they feel like new homes. Currently (April 2019) there are around 90 homes for sale in the North Shore that are listed for over $2 million. That includes 18 in Glencoe, 12 in Kenilworth, 40 in Winnetka, 9 in Wilmette and 8 in Northfield. Of those 90 homes, just 7 are over the $5 million price point. Winnetka has routinely been labeled as the wealthiest town in Illinois and these numbers verify that (although it’s larger than all the other towns except Wilmette.)  What makes a home worth $5 million?  Six of these North Shor...
Comments 1
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Winnetka 1st Quarter Real Estate 2019  Winnetka IL is a beautiful village just 30 minutes away from downtown Chicago. It can easily be accessed by commuter train (with 3 stops in Winnetka) or the Edens expressway.  With excellent schools, a diverse housing stock, restaurants, shopping, and the beaches of Lake Michigan, Winnetka is a sought after place to live. It is popular with commuters, professionals, and remains a top relocation destination for executives. Winnetka has seen downward pressure on home prices since last year’s first quarter as well as longer days on market. With winter just about over, we’re looking forward to a spring revival in the housing market.  One positive indicator is list price to sell price ratio which went up from 87% to 92%. This means that sellers are pric...
Comments 0
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
6 new homes were listed in Hubbard Woods in March.  NEW HUBBARD WOODS LISTINGS  1487 Tower - $639,000            1376 Asbury - $639,000           1423 Tower - $769,900          1441 Tower - $939,000          885 Private - $1,175,000         127 Old Green Bay - $2,350,000    SOLD HUBBARD WOODS LISTINGS - 5 closed sales in March 1138 AsburyOriginal list price: $665,000Sold price: $570,000Days on market: 191      1460 TowerOriginal list price: $2,099,000Sold price: $975,000Days on market: 730       1040 HubbardOriginal list price: $2,399,000Sold price: $2,050,000Days on market: 134     1236 AsburyOriginal list price: $2,495,000Sold price: $2,465,000Days on market: 26      635 BlackthornOriginal list price: $4,275,000Sold price: $4,175,000Days on market: 217      CURRENT HUBBARD WOODS MARKE...
Comments 2
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WILMETTE REAL ESTATE REPORT - FEBRUARY 2019 14 homes closed in February 2019 in WILMETTE compared to 18 closes in January a year ago.  The median price for homes sold year-to-date this year is $650,000 compared to last year when it was $700,,000.SOLD HOMES  - JANUARY 2019 - WILMETTECURRENT SNAPSHOT OF WILMETTE REAL ESTATE Homes for sale: 185 (up 2 from last month)Price range: $324,000 to $3,600,000Under contract: 56Absorption rate: 6 1/2 months List price to sell price ratio: 91% (based on year-to-date sales)February 6 jumbo loan interest rate: 4.125%February 6 conventional loan interest rate: 4.375%Foreclosures for sale: 1 The absorption rate at 6 1/2  months is trending toward a buyer’s market. This figure indicates the number of months it would take all Wilmette inventory to sell wit...
Comments 2
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WINNETKA REAL ESTATE REPORT - FEBRUARY 2019 7 homes closed in February 2019 in WINNETKA compared to exactly 7 closes in January a year ago. The median price for homes sold year-to-date this year is $968,000 compared to last year when it was $1,300,000.SOLD HOMES  - JANUARY 2019 - WINNETKACURRENT SNAPSHOT OF WINNETKA REAL ESTATE Homes for sale: 146 (up 2 from last month)Price range: $390,000 to $6,245,000Under contract: 43Absorption rate: 7 ¼ months List price to sell price ratio: 93%February 6 jumbo loan interest rate: 4.125%February 6 conventional loan interest rate: 4.375%Foreclosures for sale: 2 The absorption rate at 7 ¼  months is trending toward a buyer’s market. This figure indicates the number of months it would take all Winnetka inventory to sell without any new homes coming on...
Comments 0