Lake Forest Real Estate Agents

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Lake Forest Real Estate Agents

Lake Forest, Illinois is part of the network of suburbs north of Chicago’s city limits known as the North Shore and has long been a favorite retreat of the city’s upper-crust citizens. First settled around 1834 and chartered in 1861, it has become home to some of the Chicago area’s most successful people and features some of the most spectacular homes in the region. A Lake Forest address is a premium location, so much so the village enacted the first building-scale ordinance in the USA back in 1989 in order to control the number and size of teardowns within its limits. Lake Forest real estate agents have their hands full here, as there are always many homes for sale and many buyers wanting to move in.

Lake Forest has just over 20,000 full-time residents, according to census data from the year 2000 living just over 7,000 properties. The dwellers here reported an average income in 2005 of $140,100 and a median value for house and condo properties of $908,000. Lake Forest real estate agents are currently telling of definite improvements in the local home market and home sales are historically high. There are a lot of homes for sale in Lake Forest, more than normal, but they seem to be selling as long as they are priced right. At the end of March 2007, there were 288 single-family homes for sale ranging from a low of $435,000 to a high of almost $15,000,000. The average time spent on the market is 149 days, although market times are increasing due to the amount of properties for sale.

Some of the most upscale and impressive homes in the entire Chicago area are located in Lake Forest. Styles vary and include French Provincials, Tudors, Georgians, Colonials, and more and tend to be on the large side and are filled with the ultimate high-end finishes. This is the place to go to if a buyer is looking for a large estate home that offers excellence in design, architecture, location, and significance. Buyers can choose from vintage homes built in the early 20th century or brand new constructions outfitted just for them. Many of the homes for sale are 10,000 square feet or more in size and offer six + bedrooms and baths. It is best to consult local Lake Forest, Illinois real estate agents for listings of which of these unique homes are for sale and to help determine a buyers needs and the statement the buyer wants to make.

Condo and town home properties are available in Lake Forest for those not interested in a single-family home. Just like their freestanding brethren, however, these units tend to be luxurious and well conceived. Finishes run high and buyers will find things like crown molding, granite counters, designer cabinets, and heated parking garages to entice them into their home choice. A main concern driving buyers to these kinds of properties is the advantage of maintenance-free living, which is desirable for those not wanting to worry about the acre or more of land that would hold a single dwelling. Any Lake Forest real estate agent would be able to arrange showings of these homes and give buyers all their particulars.

In addition to the large number of top-end living options, Lake Forest also comes complete with natural bluffs and ravines, towering old trees, and a spectacular public beach on its Lake Michigan shoreline. It has picturesque rural quality that truly lives up to the towns’ original concept of a “city in a park.” The village has excellent city services, outstanding schools, both public and private, and two institutions of higher learning. There are also ten different parks for resident recreation, a boat launching area, and a full 18-hole golf course. It is still somewhat of a buyer’s market here, although asking prices are going up, so, like any other hot residential spot, buyers will want to move quickly and contact any Lake Forest real estate agent about purchasing the home of their dreams.

by Mike O'Cull

Tired of the 'burbs? Looking to buy a new Chicago Condo or townhome?

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