07-17-2016, 09:01 AM
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Bucktown:
I see your two examples from Winnetka. I wouldn't call this a trend....more like bad luck for the seller. They also bought peak of market.
IMO, every house has a story and a reason for selling at a price. For example, I viewed a newer house on Sheridan Road in Wilmette a few months ago. Beautiful house, but it had a completely unfinished basement with half a dozen cracks in the foundation! (Red flag in flood prone Wilmette) It closed over $100k lower than previous sale. If I was making a decision about this house solely on info found on my iPad, I might erroneously conclude something about the Wilmette market. Lots of times houses sell at a price FOR A REASON.
07-17-2016, 09:33 AM
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I thought I should add: I have also seen the opposite happen. I recently viewed two other houses in East Wilmette and both are under contract for over $100k more than they paid. (Both closed previously in the last 8 years.) Trust me, these are far from exceptional houses. Hey, they are nice enough......but one doesn't have a main floor bathroom and the other doesn't even have a practical kitchen that you can eat in and fits all appliances.
Maybe certain price points are HOT and they are willing to DEAL with certain deficiencies.
07-17-2016, 09:39 AM
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Quote:
Originally Posted by
BucktownNow
What is the uncertainty about what will happen with the schools?
Elementary School closings and school boundary changes in the very near future.
Subsequent to that, affects on programs based on available funding and infrastructure changes/improvements/enrollment changes.
People with small children tend to take a hard look at other
areas with suitable schools if so many 'unknowns' are on the
table when looking at houses.
Cheers
07-18-2016, 08:31 AM
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Both the Ridge and Hill homes are "on the wrong side of the tracks". The Ridge home violates just about every "rule" of staging a home for online photos -- far too much personalized decor, clutter in every room, questionable room uses / furnishings (theater chairs that face EACH OTHER?!?) and a tax bill that is ghastly. The Hill home is a better value in every way, but still is not really a value with 'just' four bedrooms, all which have a decidedly non-youthful look the "story" being told is not something that meshes easily with the likely buyers of such a home...
I could spend all day finding homes in Winnetka that are both even more attractively priced AND offer more of the kind of living space that buyers in this range are looking for. It would also be possible to find pages and pages of bad condos in even Chicago hottest areas that are far less desirable in every way that any of these...
07-19-2016, 03:50 PM
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Well it sounds like the general consensus is that homes in the New Trier district have been keeping pace with homes in the city. I'm good with that, I'm not looking to start a turf war. I just wanted to try and get a better understanding of the situation.
To the point that they bought at the peak in 2005 and are unluckily losing money, I will say that you'd be hard pressed to find a house in the city in a 'good hood' where the price is at or near the 2005 selling price.
Chet - No doubt the 2 I linked are extreme cases. The staging and taxes on the ridge house are pretty insane.
Thanks for all the input.
07-23-2016, 01:38 AM
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Quote:
Originally Posted by
BucktownNow
Some examples in Winnetka..
https://www.redfin.com/IL/Winnetka/5.../home/13785220 - Sold for $1.8mil in 2005 and now after having been on and off the market for 2 years they are trying to get $1.25mil
https://www.redfin.com/IL/Winnetka/2.../home/13784606 - Sold for $1.7mil in 2006 and they finally have it under contract at $1.1mil after being on the market for over a year.
In general there just seems to be a lot of inventory on the market that isn't moving. It makes me nervous to buy for fear it would take forever to sell if I needed to...
These are on busy corners and the second house is not in great condition. I live within two miles of both houses and know the area well.
Still, I'm surprised at those low prices. Anything nice around here is over $1 million and many people are spending $1.5-$2 million for undistinguished but comfortable new construction.
07-23-2016, 10:43 AM
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Vs new construction it does not seem surprising at all that the second home might sell for less since it needs a little updating. Not sure about the other one.
cheers
Quote:
Originally Posted by
Larry Siegel
These are on busy corners and the second house is not in great condition. I live within two miles of both houses and know the area well.
Still, I'm surprised at those low prices. Anything nice around here is over $1 million and many people are spending $1.5-$2 million for undistinguished but comfortable new construction.
07-25-2016, 03:47 PM
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All depends when you bought...
This could say we are recovering, but definitely not at '07 levels.
Right now there are 4 houses for sale, in a row, on the 300 block of Greenleaf in East Wilmette. Great location-street dead ends at the Baha'i temple. 3 priced @ 1.2M the last @ 1.475M
All 4 are newer houses, ranging from 2002 new build to a renovation/addition in 2015. All very similar houses baths, bedrooms etc. If my links are removed-addresses are 330, 336, 338, 342 Greenleaf.
336 Greenleaf sold for $948k in 2012. It was a short sale. Built in 2004. Listed for 1.2M
338 Greenleaf sold for $1,650,000 in 2007. Built in 2006. Listed for 1.475M
If you bought in 07 you are looking at a 200k loss and in 2012 200k gain.They are so similar this will be fun to watch and see where they net out.
Food for thought.
https://www.redfin.com/IL/Wilmette/3.../home/13772323
https://www.redfin.com/IL/Wilmette/3.../home/13772432
https://www.redfin.com/IL/Wilmette/3.../home/13772322
https://www.redfin.com/IL/Wilmette/3.../home/13773209
Last edited by Vosges; 07-25-2016 at 03:57 PM ..
07-25-2016, 05:58 PM
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Quote:
Originally Posted by
Vosges
This could say we are recovering, but definitely not at '07 levels.
Right now there are 4 houses for sale, in a row, on the 300 block of Greenleaf in East Wilmette. Great location-street dead ends at the Baha'i temple. 3 priced @ 1.2M the last @ 1.475M
All 4 are newer houses, ranging from 2002 new build to a renovation/addition in 2015. All very similar houses baths, bedrooms etc. If my links are removed-addresses are 330, 336, 338, 342 Greenleaf.
336 Greenleaf sold for $948k in 2012. It was a short sale. Built in 2004. Listed for 1.2M
338 Greenleaf sold for $1,650,000 in 2007. Built in 2006. Listed for 1.475M
If you bought in 07 you are looking at a 200k loss and in 2012 200k gain.They are so similar this will be fun to watch and see where they net out.
Food for thought.
https://www.redfin.com/IL/Wilmette/3.../home/13772323
https://www.redfin.com/IL/Wilmette/3.../home/13772432
https://www.redfin.com/IL/Wilmette/3.../home/13772322
https://www.redfin.com/IL/Wilmette/3.../home/13773209
Yeah, it seems some people are still underwater. Not sure why that is. I would say by and large most are at or above 07 levels (even if only marginally).
07-25-2016, 10:58 PM
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Quote:
Originally Posted by
IrishIllini
Yeah, it seems some people are still underwater. Not sure why that is. I would say by and large most are at or above 07 levels (even if only marginally).
I always understood the strict definition of 'underwater' as being you owe more than the house is worth. I could quickly see why folks might still be underwater if they took out a huge loan on a house right before the crash.
Those two homes in Wilmette probably just mean they won't net as many proceeds when they do sell.
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Median number of rooms in houses and condos
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Urban houses (%)
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Place of birth - Born in state of residence (%)
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Place of birth - Native, outside of US (%)
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Housing units in structures - 1, detached (%)
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Housing units in structures - 2 (%)
Housing units in structures - 3 or 4 (%)
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Housing units in structures - 10 to 19 (%)
Housing units in structures - 20 to 49 (%)
Housing units in structures - 50 or more (%)
Housing units in structures - Mobile home (%)
Housing units in structures - Boat, RV, van, etc. (%)
House/condo owner moved in on average (years ago)
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Year householder moved into unit - Moved in 1999 to March 2000 (%)
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Year householder moved into unit - Moved in 1969 or earlier (%)
Means of transportation to work - Drove car alone (%)
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Working at home (%)
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Most Common Occupations - Construction and extraction occupations (%)
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Most Common Occupations - Production, transportation, and material moving occupations (%)
Most Common Occupations - Production occupations (%)
Most Common Occupations - Transportation occupations (%)
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People in Group quarters - Institutionalized population (%)
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People in Group quarters - Institutions for the deaf (%)
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People in Group quarters - Residential treatment centers for emotionally disturbed children (%)
People in Group quarters - Training schools for juvenile delinquents (%)
People in Group quarters - Short-term care, detention or diagnostic centers for delinquent children (%)
People in Group quarters - Type of juvenile institution unknown (%)
People in Group quarters - Noninstitutionalized population (%)
People in Group quarters - College dormitories (includes college quarters off campus) (%)
People in Group quarters - Military quarters (%)
People in Group quarters - On base (%)
People in Group quarters - Barracks, unaccompanied personnel housing (UPH), (Enlisted/Officer), ;and similar group living quarters for military personnel (%)
People in Group quarters - Transient quarters for temporary residents (%)
People in Group quarters - Military ships (%)
People in Group quarters - Group homes (%)
People in Group quarters - Homes or halfway houses for drug/alcohol abuse (%)
People in Group quarters - Homes for the mentally ill (%)
People in Group quarters - Homes for the mentally retarded (%)
People in Group quarters - Homes for the physically handicapped (%)
People in Group quarters - Other group homes (%)
People in Group quarters - Religious group quarters (%)
People in Group quarters - Dormitories (%)
People in Group quarters - Agriculture workers' dormitories on farms (%)
People in Group quarters - Job Corps and vocational training facilities (%)
People in Group quarters - Other workers' dormitories (%)
People in Group quarters - Crews of maritime vessels (%)
People in Group quarters - Other nonhousehold living situations (%)
People in Group quarters - Other noninstitutional group quarters (%)
Residents speaking English at home (%)
Residents speaking English at home - Born in the United States (%)
Residents speaking English at home - Native, born elsewhere (%)
Residents speaking English at home - Foreign born (%)
Residents speaking Spanish at home (%)
Residents speaking Spanish at home - Born in the United States (%)
Residents speaking Spanish at home - Native, born elsewhere (%)
Residents speaking Spanish at home - Foreign born (%)
Residents speaking other language at home (%)
Residents speaking other language at home - Born in the United States (%)
Residents speaking other language at home - Native, born elsewhere (%)
Residents speaking other language at home - Foreign born (%)
Class of Workers - Employee of private company (%)
Class of Workers - Self-employed in own incorporated business (%)
Class of Workers - Private not-for-profit wage and salary workers (%)
Class of Workers - Local government workers (%)
Class of Workers - State government workers (%)
Class of Workers - Federal government workers (%)
Class of Workers - Self-employed workers in own not incorporated business and Unpaid family workers (%)
House heating fuel used in houses and condos - Utility gas (%)
House heating fuel used in houses and condos - Bottled, tank, or LP gas (%)
House heating fuel used in houses and condos - Electricity (%)
House heating fuel used in houses and condos - Fuel oil, kerosene, etc. (%)
House heating fuel used in houses and condos - Coal or coke (%)
House heating fuel used in houses and condos - Wood (%)
House heating fuel used in houses and condos - Solar energy (%)
House heating fuel used in houses and condos - Other fuel (%)
House heating fuel used in houses and condos - No fuel used (%)
House heating fuel used in apartments - Utility gas (%)
House heating fuel used in apartments - Bottled, tank, or LP gas (%)
House heating fuel used in apartments - Electricity (%)
House heating fuel used in apartments - Fuel oil, kerosene, etc. (%)
House heating fuel used in apartments - Coal or coke (%)
House heating fuel used in apartments - Wood (%)
House heating fuel used in apartments - Solar energy (%)
House heating fuel used in apartments - Other fuel (%)
House heating fuel used in apartments - No fuel used (%)
Armed forces status - In Armed Forces (%)
Armed forces status - Civilian (%)
Armed forces status - Civilian - Veteran (%)
Armed forces status - Civilian - Nonveteran (%)
Fatal accidents locations in years 2005-2021
Fatal accidents locations in 2005
Fatal accidents locations in 2006
Fatal accidents locations in 2007
Fatal accidents locations in 2008
Fatal accidents locations in 2009
Fatal accidents locations in 2010
Fatal accidents locations in 2011
Fatal accidents locations in 2012
Fatal accidents locations in 2013
Fatal accidents locations in 2014
Fatal accidents locations in 2015
Fatal accidents locations in 2016
Fatal accidents locations in 2017
Fatal accidents locations in 2018
Fatal accidents locations in 2019
Fatal accidents locations in 2020
Fatal accidents locations in 2021
Alcohol use - People drinking some alcohol every month (%)
Alcohol use - People not drinking at all (%)
Alcohol use - Average days/month drinking alcohol
Alcohol use - Average drinks/week
Alcohol use - Average days/year people drink much
Audiometry - Average condition of hearing (%)
Audiometry - People that can hear a whisper from across a quiet room (%)
Audiometry - People that can hear normal voice from across a quiet room (%)
Audiometry - Ears ringing, roaring, buzzing (%)
Audiometry - Had a job exposure to loud noise (%)
Audiometry - Had off-work exposure to loud noise (%)
Blood Pressure & Cholesterol - Has high blood pressure (%)
Blood Pressure & Cholesterol - Checking blood pressure at home (%)
Blood Pressure & Cholesterol - Frequently checking blood cholesterol (%)
Blood Pressure & Cholesterol - Has high cholesterol level (%)
Consumer Behavior - Money monthly spent on food at supermarket/grocery store
Consumer Behavior - Money monthly spent on food at other stores
Consumer Behavior - Money monthly spent on eating out
Consumer Behavior - Money monthly spent on carryout/delivered foods
Consumer Behavior - Income spent on food at supermarket/grocery store (%)
Consumer Behavior - Income spent on food at other stores (%)
Consumer Behavior - Income spent on eating out (%)
Consumer Behavior - Income spent on carryout/delivered foods (%)
Current Health Status - General health condition (%)
Current Health Status - Blood donors (%)
Current Health Status - Has blood ever tested for HIV virus (%)
Current Health Status - Left-handed people (%)
Dermatology - People using sunscreen (%)
Diabetes - Diabetics (%)
Diabetes - Had a blood test for high blood sugar (%)
Diabetes - People taking insulin (%)
Diet Behavior & Nutrition - Diet health (%)
Diet Behavior & Nutrition - Milk product consumption (# of products/month)
Diet Behavior & Nutrition - Meals not home prepared (#/week)
Diet Behavior & Nutrition - Meals from fast food or pizza place (#/week)
Diet Behavior & Nutrition - Ready-to-eat foods (#/month)
Diet Behavior & Nutrition - Frozen meals/pizza (#/month)
Drug Use - People that ever used marijuana or hashish (%)
Drug Use - Ever used hard drugs (%)
Drug Use - Ever used any form of cocaine (%)
Drug Use - Ever used heroin (%)
Drug Use - Ever used methamphetamine (%)
Health Insurance - People covered by health insurance (%)
Kidney Conditions-Urology - Avg. # of times urinating at night
Medical Conditions - People with asthma (%)
Medical Conditions - People with anemia (%)
Medical Conditions - People with psoriasis (%)
Medical Conditions - People with overweight (%)
Medical Conditions - Elderly people having difficulties in thinking or remembering (%)
Medical Conditions - People who ever received blood transfusion (%)
Medical Conditions - People having trouble seeing even with glass/contacts (%)
Medical Conditions - People with arthritis (%)
Medical Conditions - People with gout (%)
Medical Conditions - People with congestive heart failure (%)
Medical Conditions - People with coronary heart disease (%)
Medical Conditions - People with angina pectoris (%)
Medical Conditions - People who ever had heart attack (%)
Medical Conditions - People who ever had stroke (%)
Medical Conditions - People with emphysema (%)
Medical Conditions - People with thyroid problem (%)
Medical Conditions - People with chronic bronchitis (%)
Medical Conditions - People with any liver condition (%)
Medical Conditions - People who ever had cancer or malignancy (%)
Mental Health - People who have little interest in doing things (%)
Mental Health - People feeling down, depressed, or hopeless (%)
Mental Health - People who have trouble sleeping or sleeping too much (%)
Mental Health - People feeling tired or having little energy (%)
Mental Health - People with poor appetite or overeating (%)
Mental Health - People feeling bad about themself (%)
Mental Health - People who have trouble concentrating on things (%)
Mental Health - People moving or speaking slowly or too fast (%)
Mental Health - People having thoughts they would be better off dead (%)
Oral Health - Average years since last visit a dentist
Oral Health - People embarrassed because of mouth (%)
Oral Health - People with gum disease (%)
Oral Health - General health of teeth and gums (%)
Oral Health - Average days a week using dental floss/device
Oral Health - Average days a week using mouthwash for dental problem
Oral Health - Average number of teeth
Pesticide Use - Households using pesticides to control insects (%)
Pesticide Use - Households using pesticides to kill weeds (%)
Physical Activity - People doing vigorous-intensity work activities (%)
Physical Activity - People doing moderate-intensity work activities (%)
Physical Activity - People walking or bicycling (%)
Physical Activity - People doing vigorous-intensity recreational activities (%)
Physical Activity - People doing moderate-intensity recreational activities (%)
Physical Activity - Average hours a day doing sedentary activities
Physical Activity - Average hours a day watching TV or videos
Physical Activity - Average hours a day using computer
Physical Functioning - People having limitations keeping them from working (%)
Physical Functioning - People limited in amount of work they can do (%)
Physical Functioning - People that need special equipment to walk (%)
Physical Functioning - People experiencing confusion/memory problems (%)
Physical Functioning - People requiring special healthcare equipment (%)
Prescription Medications - Average number of prescription medicines taking
Preventive Aspirin Use - Adults 40+ taking low-dose aspirin (%)
Reproductive Health - Vaginal deliveries (%)
Reproductive Health - Cesarean deliveries (%)
Reproductive Health - Deliveries resulted in a live birth (%)
Reproductive Health - Pregnancies resulted in a delivery (%)
Reproductive Health - Women breastfeeding newborns (%)
Reproductive Health - Women that had a hysterectomy (%)
Reproductive Health - Women that had both ovaries removed (%)
Reproductive Health - Women that have ever taken birth control pills (%)
Reproductive Health - Women taking birth control pills (%)
Reproductive Health - Women that have ever used Depo-Provera or injectables (%)
Reproductive Health - Women that have ever used female hormones (%)
Sexual Behavior - People 18+ that ever had sex (vaginal, anal, or oral) (%)
Sexual Behavior - Males 18+ that ever had vaginal sex with a woman (%)
Sexual Behavior - Males 18+ that ever performed oral sex on a woman (%)
Sexual Behavior - Males 18+ that ever had anal sex with a woman (%)
Sexual Behavior - Males 18+ that ever had any sex with a man (%)
Sexual Behavior - Females 18+ that ever had vaginal sex with a man (%)
Sexual Behavior - Females 18+ that ever performed oral sex on a man (%)
Sexual Behavior - Females 18+ that ever had anal sex with a man (%)
Sexual Behavior - Females 18+ that ever had any kind of sex with a woman (%)
Sexual Behavior - Average age people first had sex
Sexual Behavior - Average number of female sex partners in lifetime (males 18+)
Sexual Behavior - Average number of female vaginal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a woman (18+)
Sexual Behavior - Average number of woman performed oral sex on in lifetime (18+)
Sexual Behavior - Average number of male sex partners in lifetime (males 18+)
Sexual Behavior - Average number of male anal sex partners in lifetime (males 18+)
Sexual Behavior - Average age people first performed oral sex on a man (18+)
Sexual Behavior - Average number of male oral sex partners in lifetime (18+)
Sexual Behavior - People using protection when performing oral sex (%)
Sexual Behavior - Average number of times people have vaginal or anal sex a year
Sexual Behavior - People having sex without condom (%)
Sexual Behavior - Average number of male sex partners in lifetime (females 18+)
Sexual Behavior - Average number of male vaginal sex partners in lifetime (females 18+)
Sexual Behavior - Average number of female sex partners in lifetime (females 18+)
Sexual Behavior - Circumcised males 18+ (%)
Sleep Disorders - Average hours sleeping at night
Sleep Disorders - People that has trouble sleeping (%)
Smoking-Cigarette Use - People smoking cigarettes (%)
Taste & Smell - People 40+ having problems with smell (%)
Taste & Smell - People 40+ having problems with taste (%)
Taste & Smell - People 40+ that ever had wisdom teeth removed (%)
Taste & Smell - People 40+ that ever had tonsils teeth removed (%)
Taste & Smell - People 40+ that ever had a loss of consciousness because of a head injury (%)
Taste & Smell - People 40+ that ever had a broken nose or other serious injury to face or skull (%)
Taste & Smell - People 40+ that ever had two or more sinus infections (%)
Weight - Average height (inches)
Weight - Average weight (pounds)
Weight - Average BMI
Weight - People that are obese (%)
Weight - People that ever were obese (%)
Weight - People trying to lose weight (%)