Sales of condominiums and lofts fell for a third straight year during the second quarter. Sales reached their lowest point in more than 17 years in the North Shore neighborhood.

According to data from the Chicago Association of Realtors, a total of just 46 condominiums were sold in Glenview during the second quarter, down 30 percent from the same period last year.

The average sales price rose after falling sharply last year. The average sales price jumped by 25 percent to sit at $383,380, an all time high for the neighborhood. Last year the average sales price fell to its lowest point since 2005, reaching $306,992. However, the rise in the average sales price was caused by high demand for the most expensive units in Glenview, rather than a wholesale increase in values of condominiums in the area.

If you’re planning on selling your condominium in Glenview, you’ll have to wait a lot longer than you may have expected. It now takes an average of 157 days to find a buyer, up from 120 days a year ago. This is the longest average turnover time in more than 17 years for the neighborhood. This could mean great deals on North Shore Chicago Condos in the area in the next few months.

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Sales of single-family homes fell for the third straight year during the second quarter in Glenview. The neighborhood was one of many to see a dramatic drop in demand in the past few months.

According to data from the Chicago Association of Realtors, a total of just 73 new and re-sale homes were sold during the second quarter in Glenview, down from 106 units sold during the same period last year. It was the worst result for the second quarter in more than 17 years for the real estate market in the area. Just three years ago, 176 homes were sold in Glenview during the second quarter.

The drop in demand led to one of the slowest markets for homeowners and developers in Glenview. The average turnover time has passed through the 200-day barrier for the first time in more than 20 years. If you’re planning on selling your home in Glenview, it will take you an average of 215 days to find a buyer.

Prices are falling for single-family homes in the area. The average sales price was off 7 percent during the second quarter, as prices fell to their lowest level in 3 years. Buyers could see even lower prices for North Shore Chicago Real Estate in Glenview in the short term.

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If you’re on the market for an affordable condominium on the North Shore of Chicago, you’re going to love these deals. Condo owners have dropped their asking price on 34 units around the area in the last week.

Buyers in Evanston saw prices fall for 4 condominiums in the neighborhood. The biggest discount seen in the area was for a three-bedroom and 1.5-bath condominium located at 729 Emerson Street. This second floor unit has been reduced in price from $329,000 to $305,000.

Glenview saw the most condominiums reduced in price during the week. A total of eight condos were priced lower in the neighborhood. One condominium that just got a lot more affordable is a one-bedroom and one-bath unit located at 1026 Castillian Court. This unit offers a total of 950 square feet of living space, and has been reduced in price from $169,900 to $154,900.

Prices for even the newest units are also coming down. A three-bedroom and 3.5-bath condominium that is currently for sale at Trafalgar Square in Morton Grove has been reduced in price from $435,000 to $415,000.

Keep an eye out for even further reductions in prices for many North Shore Chicago Condos For Sale in the area.

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