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Real Estate

Saturday, May 18, 2013

Open Houses: Lake Forest, Lake Bluff, Evanston

Listings provided by Griffith, Grant & Lackie.

LAKE FOREST HOUSES 650 NEWCASTLE DRIVE - OPEN SUNDAY 1-3 (MAY 19) Beautifully appointed and impeccably maintained, custom built brick Georgian set on 1.4 acres of lush professionally landscaped grounds overlooking open lands.  It offers 10 ft. ceilings, hardwood floors & fine millwork, formal living and dining room, first floor den-office, updated kitchen and baths, spacious family room with vaulted ceiling and built-ins, finished lower level with 5th bedroom and full bath.  Cedar deck, brick patio and gazebo.  11 Rms, 5 BRs, 4.2 baths.  $1,479,000, 847-234-0485,www.gglrealty.com 1122 S. WESTERN AVENUE - OPEN SUNDAY 1-3 (MAY 19) Whispering Oaks Cape Cod!  Beautifully situated on Morningside & Western, this 3661 SF home is meticulous and …

Monday, May 6, 2013

Former Wal-Mart Exec Selling Lake Forest Mansion

The eight-bedroom mansion is listed by Coldwell Banker for nearly $6 million.

A Lake Forest mansion built in 1894 and owned by a trust whose beneficiary is a former Wal-Mart executive is on the market for nearly $6 million, reports ChicagoRealEstateDaily.com. Coldwell Banker lists the 10,000 square-foot, eight-bedroom home at 100 Pembrook Drive for $5.95 million. The home was purchased by Jane Thompson, former president of Wal-Mart's financial services unit, and her husband, Stephen, for $2.3 million in 1994, according to ChicagoRealEstateDaily.com. The home features a state-of-the-art deGiulio kitchen, a library, seven fireplaces, a billiard room, media room, lap-size pool and a pool house, according to the listing.

Wednesday, May 1, 2013

Chicago Area Home Prices Fall

New data released this week shows Chicago area home prices fell 0.8 percent in February.

In February, Chicago-area home prices dropped for the sixth straight month according to new data released this week by S&P/Case-Shiller. The data reflects single-family home prices fell 0.8 percent in February compared with January. However, Chicago area home sales prices were up 5.1 percent compared with Feb. 2012, which is the second smallest year-to-year increase after New York in a 20-city index provided by S&P/Case-Shiller, reported Crain's Chicago Business. “Home prices continue to show solid increases across all 20 cities,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “The 10- and 20-city composites recorded their highest annual growth rates since May 2006.” Local prices are down …

Highland Park $2.99M Home An English Manor

Each week, Patch features one ‘Wow House’ that catches our attention. This week, check out this Highland Park English Manor home with a breathtaking foyer.

From elegant and stately mansions to modern, environmentally-friendly abodes, the North Shore is full of one-of-a-kind homes. Each week, Patch features one ‘Wow House’ that catches our attention. This week, check out this Highland Park English Manor home with a breathtaking foyer. The home at 2027 Partridge Lane is set on a serene, one acre lot with stone patios, pool and firepit. There's also recessed lighting in all rooms as well as surround sound. The lower level boasts an exercise room, wet bar, theater, sauna and wine cellar.  Check out the photos above or click here for more. Is your home a ‘Wow’ House? Want to nominate a spectacular, unusual or just plain cool property on the North Shore? E-mail us: highlandpark@patch.com.

Saturday, April 6, 2013

Open Houses: Lake Forest, Lake Bluff

Listings provided by Griffith, Grant & Lackie.

LAKE FOREST HOUSES 1122 S. WESTERN AVENUE - OPEN SUNDAY 1-3 (APRIL 7) You are going to fall in love with this charming Cape Cod on beautifully landscaped Whispering Oaks lot.  This meticulous 3661 SF home boasts a newer eat-in kitchen with butler’s pantry, a master suite with separate office/sitting room that could easily convert to 5th bedroom, 2 fireplaces, and wet bar.  10 Rms, 4BR’s, 4.1 bath.  $799,000.  Call 847-234-0485.  www.gglrealty.com 1745 TALLGRASS LANE - OPEN SUNDAY 1-3 (APRIL 7) Stunning French country home situated on .78 acre of beautiful grounds with lovely perennial gardens, stone patio and views of the Open Lands.  Tastefully appointed and decorated it features an open floor plan with a dramatic 2-story family room …

Wednesday, April 3, 2013

What Percentage of Lake Forest and Lake Bluff Homes are Mortgage-Free?

More than 36 percent of Lake Forest homeowners and 20 percent of Lake Bluff homeowners own their homes outright.

Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business.  In Lake Forest, 36.2 percent or 6,070 of homes are mortgage free, according to Crain’s analysis. In Lake Bluff, 20.3 percent or 1,962 homes are mortgage free. Here’s a look at neighboring communities:  Community     Percentage of Mortgage-Free Homes Deerfield 28.1% 5,776 Highland Park 32.6% (9,743) Buffalo Grove 20.9% (13,483) Green Oaks 21.4% (1,158) Mettawa 33% (191) Related:

Friday, March 29, 2013

Illinois Home Foreclosures Top National Average

See what local homes are listed in foreclosure on AOL Real Estate.

Illinois home foreclosure activity is four times the national average, reports Chicago Real Estate Daily. Data reflects nearly 138,000 homes in Illinios were in "foreclosure inventory" at the end of the first quarter, 36 percent higher than the same period last year, according to the story. The highest increase was in the number of pre-foreclosure homes pending repossession, reported Chicago Real Estate Daily. Area home foreclosures listed on AOL Real Estate include:

Comment_arrow

RationalTht

10:36 pm on Saturday, March 30, 2013

@RB - we may experience growth if our state government doesn't drive people away based upon economic doom and gloom.   more ›

Home Sale Prices Down in Lake Forest and Lake Bluff

In 2012, Lake Forest homes sold for 16.7 percent less than they did in 2011, Chicago Magazine reports.

Home sale prices in Lake Forest and Lake Bluff have dropped, according to a recent Chicago Magazine article. The article profiled what homes cost in several suburbs and Chicago neighborhoods. Though home sale prices are down in Lake Forest and Lake Bluff, prices are up in neighboring Deerfield, Highland Park and Northbrook. The magazine’s data shows the median sale price for a Lake Forest home in 2012 was $700,000, down 16.7 percent from 2011, and 28 percent since 2006. There were 240 home sales last year in Lake Forest, with homes staying on the market an average of 240 days, the magazine reports. The median sale price for a Lake Bluff home in 2012 was $406,000, down 5.3 percent from 2011, and 33.9 percent since 2006. There were 112 Lake …

Wednesday, March 13, 2013

Lake County Home Sales Up 37 Percent Compared to February 2012

The price of homes in Lake County was up 12 percent in Lake County in February 2013 compared to February 2012.

Home sales and prices were higher in February in the seven-county metropolitan Chicago real estate market, according to an analysis by RE/MAX. The number of homes changing hands increased 21 percent and the median price of a home sold last month climbed 4 percent when compared to February of last year. In its analysis of home sales reported by Midwest Real Estate Data, LLC, the regional multiple listing service, RE/MAX found that February home sales totaled 5,843 units, up from 4,840 a year ago, while the median price advanced to $141,000 after coming in at $135,900 during the prior February. The average market time, which is the time that a home sold in February spent on the market before a sales contract was signed, fell from 175 days in…

Johnson H.

9:17 am on Thursday, March 14, 2013

It is good to see the housing market turning around. Finally a positive news story reported.   more ›

Monday, February 18, 2013

Wow House

Check Out These Expensive North Shore Mansions

Patch has rounded up the priciest 'Wow Houses' we've run in the past year. If you like to ogle North Shore homes for sale, take a peek.

It's Presidents Day. Which may have you thinking about that impressive white house at 1600 Pennsylvania Ave. But we've got plenty of impressive abodes here on the North Shore, too. Each week, Patch features a "Wow House" for sale in our area. Today, we've pulled together the most expensive ones from our North Shore sites over the past year. Some are still for sale, others now have new owners. They all feature photos. So if you like to peruse photos of impressive homes for sale, click through to check out these impressive homes. $5.9 Million Deerfield House Has Nine Fireplaces This dream home boasts 18 rooms including seven bedrooms, eight bathrooms, nine fireplaces and a grand ballroom. Jim McMahon's former $5.45M Northbrook Home For Sale …

IMHO

2:01 am on Tuesday, February 19, 2013

Check out this $32 million home in Winnetka: http://online.wsj.com/article/SB10001424053111904199404576538312646985274.html   more ›

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