Tuesday, April 2, 2013
More than 30 percent of Wilmette and Kenilworth 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 Wilmette, 34.6 percent or 8,272 of homes are mortgage free; in Kenilworth that figure is 34.4 percent or 752 homes, according to Crain’s analysis. Here’s a look at other North Shore communities: Community Percentage of Mortgage-Free Homes Glencoe 37.7% (2,823) Northbrook 35% (10,851) Wilmette 34.6% (8,272) Kenilworth 34.4% (752) Skokie 34.4% (17,179) Glenview 32.7% (13,699) Winnetka 32.4% (3,591) Chicago 26.6% (484,122) Evanston 25.5% (16,896) Related Coverage
Thursday, March 28, 2013
Economists told Chicago Magazine now is the time to buy. Take a look at median home sales for homes in the area and find out when prices will start to go up in the area.
Economists are now on board with what real-estate agents have been saying for years— when it comes to buying a home, now is a great time to buy, according to an article in Chicago Magazine. The median sales price of a home in Wilmette in 2012 was $600,000, down 7.7 percent from 2011. Zillow Chief Economist Stan Humphries told Chicago Magazine the Chicago housing market has hit "rock bottom" and is not expected to rebound too quickly. The summer is predicted to be an opportune time to buy when more houses typically go on the market, according to the article. From there, home prices are expected to increase by .8 percent by the end of the second quarter of 2013 and by five percent by the end of the second quarter in 2014, according to the …
Monday, March 11, 2013
Fewer than 12 percent of home sales in the three North Shore suburbs were distressed-home sales.
Winnetka, Wilmette and Glencoe were among the five suburbs with the fewest number of distressed-home sales in northern Illinois in 2012, Crain’s Chicago Business reported. Distressed-home sales, such as foreclosures or short sales, accounted for 46.7 percent of all 2012 home sales in northern Illinois but in the three North Shore communities distressed-home sales accounted for fewer than 12 percent of all home sales—only 8 percent of home sales were distressed sales in Winnetka, that figure was 10.1 percent in Wilmette and 11.9 percent in Glencoe, Crain’s Chicago Business reported. Related Coverage
Friday, February 15, 2013
Patch Blogger John Nash weighs in on Wilmette's January home sales.
The 4,500-square-foot home sold for 38 percent less than its 2010 price of $4.83 million.
A Wilmette mansion owned by Blackstone Group L.P. recently sold for $3 million, at 38 percent less than its 2010 price of $4.83 million, ChicagoRealEstateDaily.com reported. The new owners of the four-bedroom home with 120 feet of lakefront at Canterbury Court plan to tear down the structure and rebuild, ChicagoRealEstateDaily.com reported. Love amazing homes? Check out our Wow House column! Related Coverage
Wednesday, January 23, 2013
Wilmette home also has open floor plan and sun room.
Looking for a home for sale on the North Shore? Or do you just like to ogle pictures of gorgeous real estate? Each week, Patch features North Shore Wow Houses that fit the bill. This beautiful 5-bedroom Wilmette at 1045 Romona Road home features an open floor plan, 4 fireplaces and a 2 story foyer with a circular staircase. Other highlights include a spacious kitchen with new appliances, a library and a sun room. Plus the backyard is sure to be the highlight for anyone who loves to entertain - there's a pool and a huge patio! This home is listed for $2.5 million with Julie Miller at The Hudson Company. For more on this home, or others in the area, visit their website here.
Tuesday, January 1, 2013
There were 14 single-family home closings in Wilmette this November. That is down from November of 2011 when 18 homes closed so it was not a great month for closings.
Monday, December 17, 2012
The proposed development would have five stories of luxury apartments and several thousand square feet of commercial space.
Monday, December 17, 2012
A Chicago real estate developer has agreed to tentative terms to buy a Green Bay Road property from the Village of Wilmette for $4 million, with plans to build a new six-story mixed-use development, village officials announced Tuesday. At Tuesday night’s Village Board meeting, Wilmette Village President Christopher Canning said that the Village had reached a tentative agreement with Chicago real-estate developer Lexington Homes, LLC, on terms surrounding the sale of 611 Green Bay Rd. Canning said Lexington’s current proposal include plans for five stories of luxury apartments above more than 7,000 square feet of “highly desirable commercial space”. “This project is an exact fit with the Village Center Master Plan that our residents helped …
Wednesday, December 12, 2012
Contracts written on Wilmette homes in November were up 75 percent.
Monday, October 8, 2012
Third-quarter home sales show Wilmette residents are being sold 20 percent more frequently, for 7 percent more money and are spending less time on the market, compared to this time last year.