Margaret Goss, Realtor Winnetka & North Shore Real Estate

Winnetka, Wilmette, Kenilworth, Northfield October Home Sales - homes sales are down for the month of October compared to September and August. But that's not unusual, given the usual end of the year slowdown. Prices continue to dip and houses on the market for the longest period of time sustained the greatest loss. But prices are just beginning to stabilize I think, or at least the decline has markedly slowed down.

Winnetka - 12 total sales - Average Sale Price: $1,318,750

1487 Tower, $480,000 sold price, 86 days on market, 84% of asking price

1010 Oak, $565,000 sold price, 420 days on market, 76% of asking

1146 Cherry, $680,000 sold price, 64 days on market, 91% of asking

206 Green Bay, $700,000 sold price, 872 days on market, 78% of asking

1025 Elm, $1,145,000 sold price, 153 days on market, 80% of asking

1044 Cherry, $1,180,452 sold price, 1 day on market, 100 of asking

597 Oak, $1,240,000 sold price, 167 days on market, 82%

799 Lincoln, $1,260,000 sold price, 677 days on market, 43% of asking (REO property)

561 Cherry, $1,275,000 sold price, 27 days on market, 91% of asking

898 Ash, $1,300,000 sold price, 14 days on market, 93% of asking

717 Locust, $2,200,000 sold price, 219 days on market, 92% of asking

645 Maple, $3,800,000 sold price, 288 days on market, 96% of asking

Northfield - 5 Total Sales - Average Sale Price: $668,000

263 Bristol, $300,000 sold price, 151 days on market, 75% of asking price

269 Dickens, $370,000 sold price, 42 days on market, 84% of asking

4 Country Lane, $690,000 sold price, 137 days on market, 73% of asking

353 Eaton, $920,000 sold price, 732 days on market, 63% of asking

4 Bridlewood, $1,060,000 sold price, 529 days on market, 71% of asking

Wilmette - 15 Total Sales - Average Sale Price: $732,000

2525 Wilmette, $329,000 sold price, 54 days on market, 90% of asking price

238 N. Kilpatrick, $365,000 sold price, 149 days on market, 87% of asking

304 W. Wilshire, $389,000 sold price, 111 days on market, 87% of asking

817 Westwood, $525,000 sold price, 101 days on market, 82% of asking

219 Dupee, $540,000 sold price, 76 days on market, 86% of asking

2112 Thornwood, $545,000 sold price, 138 days on market, 78% of asking

2016 Birchwood, $559,500 sold price, 127 days on market, 90% of asking

736 Park, $575,000 sold price, 17 days on market, 93% of asking

2445 Kenilworth, $870,000 sold price, 126 days on market, 86% of asking

1306 Greenwood, $925,000 sold price, 131 days on market, 73% of asking

1007 Linden, $936,000 sold price, 108 days on market,

1014 Pontiac, $945,000 sold price, 136 days on market, 90% of asking

2537 Laurel, $1,080,000 sold price, 203 days on market, 80% of asking

1000 Chestnut, $1,125,000 sold price, 202 days on market, 76% of asking

511 Greenleaf, $1,285,000 sold price, 11 days on market, 95% of asking\

Kenilworth - 1 Total Sale

234 Leicester, $1,285,000 sold price, 611 days on market, 61% of asking price

Glencoe - 12 Total Sales - Average Sale Price $1,167,160 (skewed by one high sale)

416 Madison, $412,500 sold price, 308 days on market, 83% of asking price

566 Dundee, $415,000 sold price, 323 days on market, 76% of asking

229 Sylvan, $482,500 sold price, 12 days on market, 96% of asking

459 Drexel, $590,000 sold price, 120 days on market, 87% of asking

480 Westley, $590,000 sold price, 59 days on market, 85% of asking

258 Dennis, $610,000 sold price, 86 days on market, 85% of asking

737 Elder, $675,000sold price, 115 days on market, 84% of asking

130 Euclid, $950,000 sold price, 508 days on market, 60% of asking

260 Wentworth, $1,240,000 sold price, 1172 days on market, 52% of asking

944 Skokie Ridge, $1,250,000, 323 days on market, 81% of asking

1010 Sheridan, $1,592,500 sold price, 10 days on market, 94% of asking

443 Sheridan, $5,200,000 sold price, 1696 days on market, 37% of asking price

After reading about the tragic death of a young folk singer in Canada from an attack by two coyotes, I am reminded that these wild animals should be treated with caution and never, ever fed. These amazing animals have been thriving in our urban/suburban environement. Because they look like the famiily dog, well-meaning people can sometimes forget that coyotes need to be left to fend for themselves. This is for their protection as well as ours.

Experts say this this type of attack is extremely rare. In order to keep facts in perspective, there are 4.7 million dog bites every year - with 1000 people every day needing treatment in emergency rooms. Meanwhile, some other statistics about coyotes:

• about 1 person per year is bitten by a coyote in California
• between 1993-1997 seven people were bitten by coyotes in Arizona
• The best estimates assert that, in recorded history, there have been 20 to 30 coyote attacks on humans that resulted in injuries

What is more common are coyote attacks on pets - such as Jessica Simpson's small dog Daisy being snatched by one in California. Numerous small dogs have been killed by coyotes in their own yards.

The reason I am writing about coyotes is because they live among us, primarily here in Glencoe and Winnetka. As I am a regular runner on the Green Bay Trail in the early mornings, I have often been treated to a fleeting glance of a coyote as it disappears into the brush. On our nightly walks after dinner, my husband and I occasionally see one walking on the Metra rail tracks.

Our dog is always leashed on walks - primarly to avoid the dreaded skunk spraying, but also to prevent a run-in with a coyote. Our dog weighs about 40 lbs., perhaps too large for a coyote attack, but why take the chance. Recently, a coyote was seen walking by Hubbard Woods School in Winnetka broad daylight as neighborhood dogs, confined in their yards with invisible fences, barked hysterically. I would not have believed it except I saw it myself.

Use common sense if you see a a coyote and remember:

1. Coyotes prefer not to be seen by humans
2. Urban coyotes are more active at night than their rural cousins
3. They actually do us a favor by eating rodents that we don't want around
4. Don't leave your pet's food outside
5. Keep cats inside
6. Keep your dog on a leash
7. Don't let pets out at night unless accompanied

Coyotes are here to stay - remember the rules and you and your pets will remain safe.

Every buyer I have ever worked with has asked me to explain the Cook County system of property tax assessment. Explain? How could I adequately do this when the Civic Federation says this on their blog:

"The Cook County property tax system is so complex that it is impossible to predict exactly how the new tax rates will affect an individual property owner’s bill."

And in today's Chicago Tribune, in an excellent article by Eric Zorn, he writes:

"Just about everything having to do with property taxes is convoluted and every explanation is filled with jargon, acronyms and more math than most of us are used to doing."

But of course, I try to explain it - as I will again now. Especially in light of the fact that Winnetka, Wilmette, Kenilworth and other North Shore communities have seen dramatic price reductions during the last year and people assume their tax bills will reflect this. Maybe later - but one curiosity of our taxing system is that our bills are paid in arrears - this means that this year's bill is for last year, when home values were higher.

So no, your tax bill will not automatically reflect the rather substantial drop in your home's value. In addiiton to this, the 7% Homeowner Exemption which was passed in 2004 is being phased out.

But let's get back to basics. There are hundreds (I have heard as many as 1200) taxing bodies in Cook County that make a claim on property tax monies. These bodies are the park districts, libraries, schools, city, county, etc. Determining what the total demand is - then setting about extracting this from homeowners is how the tax rate is determined. So in effect, taxes go up if more money is requested.

Unless you're really ready for a challenge, skip the next paragraph!

Actually determining what each homeowner pays is a nightmare to understand. First there is the assessment level, which in Cook County is 16% of your home's market value. Then there is an equalization factor which attempts to even out or "equalize" assessments from county to county across the state. The equalized assessed value is the county's assessed value after it has been equalized. So your total tax bill is based on the latest assessment, and new equalization factor, exemptions and tax rate.

What is really confusing is that 1) your assessment could go up while your taxes go down, or 2) your assessment can go down and your taxes could go up. In other words, somebody must have wrote this thing with the thought in mind that you can't complain about something that you don't understand. The important thing to understand is how much your portion goes up in relation to other houses.

This is where I can help you - by providing information from the tax base about your neighborhood, recent sales, and tax bills being currently paid by your neighbors. This is how you can determine where you stand in comparison to other properties. But please don't ask me to explain the Cook County System of Property Taxation - I'd rather wade through a swamp filled with alligators. . . .

New Trier High School in Winnetka is hoping that the school board will vote to set a referendum for next February to allow voters to decide on going ahead with plans to refurbish portions of the campus.  The estimated cost of renovations is $185 million which translates into approximately $300 additional in residents' tax bills.  Earlier this year the district nixed more expensive plans, including a $400 million rebuild that voters said was too expensive.

If approved the project would commence in the summer of 2010 and be completed in two years.  The school has not had a proper renovation in decades and the swelling population has only magnified the issues.  The plan includes state-of-the-art renovations such as 40 new classrooms, new spaces for science, performing arts, visual arts, practical arts, kinetic fitness, kitchen, cafeteria, library, gym and fieldhouse. 

Some practical matters need to be addressed as well. The current Tech Arts building still has the original single pane windows and no upgrades have been done to the heating, air conditioning and ventilation since they were installed.  The plan would also beef up fire safety and campus security.

In essence, the east and west sides of the campus would be demolished, including the existing gym/field house, the Tech Arts building, music and performing arts building and cafeteria.  The architects, Perkins + Will presented their final plans to the board this week. 

Not everyone is thrilled with this proposal.  In difficult economic times voters want their governments to rein in spending and don't see the value added.  As a resident of New Trier township, I have had two children graduate from New Trier.  Although I don't benefit directly from the school anymore, as a realtor I understand the significance of this school and the draw it has on newcomers willing to spend more to live in the district.

A special school board meeting will be held Nov. 3 at the Winnetka Campus at 385 Winnetka Ave.  A presentation and tour is planned for interested residents.  More information can be found at New Trier's website:  Facilities Initiative.

 

 

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Summer wasn't so hot.

Fall has been cloudy and damp.

But then today happened - warmer temperatures and the sunshine just made the fall colors sparkle like rubies and garnets.

Here's my take on today: