Sales of single-family homes are falling in many neighborhoods around the Chicago region. Kenilworth was no exception during the second quarter. The neighborhood saw a 29 percent drop in sales during the quarter.

According to data from the Chicago Association of Realtors, a total of just 10 new and re-sale single-family homes were sold during the second quarter in Kenilworth, down from 14 units sold during the same period last year. It was the fourth lowest total sales seen in the neighborhood during the second quarter in the last 18 years.

However, despite the drop in sales, the market was moving a bit quicker for homeowners and developers during the second quarter. According to the C.A.R. report, it took an average of just 158 days to find a buyer during the second quarter. Homeowners had to wait an average of 250 days to find a buyer during the same period last year.

With sales down and inventory levels also falling, it’s unclear which direction prices could go. However, the average sales price rose to $1.63 million during the second quarter, up from $1.3 million two years ago. Buyers could start to see some good deals for North Shore Chicago Real Estate in the area.

Technorati Tags: North Shore Chicago Real Estate, Kenilworth Homes For Sale, Chicago Homes

If you’re on the market for a new or re-sale home in Glencoe, there are currently some great deals available in the neighborhood. The listing price has been significantly reduced on three homes in the area in the past week.

The most affordable listing to see a drop in price is located at 416 Madison Ave. This three-bedroom and 1.5-bath home offers a total of 2,140 square feet of living space. After just 14 days on the market, the owner has dropped the listing price from $595,000 to $549,000, a discount of nearly 10 percent.

Another home on the North Shore Chicago Real Estate market in Glenwood is a three-bedroom and 3.5-bath home at 120 Linden Ave. This home was originally priced at $949,900, but after just over 3 months on the market the price has been reduced to $873,900. This home offers a two-car garage, and has a huge garden.

If you’re looking for a deal on a larger home, you’ll love the four-bedroom and 4.5-bath unit at 417 Adams Ave. This beautiful three-story home has been on the market for nearly 5 months. Originally priced at $1.395 million, the listing price for this home is now $1.199 million.

Technorati Tags: Glencoe Home for Sale, North Shore Chicago Real Estate, Chicago Homes For Sale

Sales of new and resale condominiums plunged during the second quarter in Skokie. It was the third straight year of declining sales in the neighborhood.

According to data from the Chicago Association of Realtors, a total of just 31 condominiums were sold during the second quarter in Skokie. This is a 58 percent drop in sales from the same period last year, when 74 units were sold in the neighborhood. The best result for the second quarter was seen in 2005, with 125 new and resale condos closed during the three-month period.

The drop in sales is being felt in prices. The average sales price during the second quarter fell by 24 percent from the same period last year. Buyers could continue to see even better deals in the next few months as the inventory of unsold homes on the market grows.

If you’re selling your condo in Skokie, it will now take you an average of 171 days to find a buyer. This is a sharp increase from the 112 days it took just a year ago, and is the longest that is has taken to find a buyer in the last 18 years. Buyers should be on the lookout for great deals on North Shore Chicago Condos for sale around Skokie.

Technorati Tags: Chicago Condos, North Shore Chicago Real Estate, Skokie Condos