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Old 03-28-2011, 06:36 AM
 
63 posts, read 160,804 times
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Hello all,

Thanks for the great forum. I apologize if this was discussed recently but I wanted to get your thoughts on recent home prices in the North shore home prices.

We are currently in process of relocating to Chicago for work from NYC metro. My wife is born and raised in the North Shore area and she is adamant about finding a newer home in Eastern Glenview, Northbrook, and Wilmette. I would like to include Morton Grove due to lower home prices but no go.

My question is how are home prices trending in these areas? A couple years ago we saw quite a few great deals (mostly by distressed builders) but now there is hardly anything on MLS that I would deemed to be a good deal. Granted I am hearing that on average homes are selling at 84% of asking price which is drastically different from homes selling in Bergen county (northern NJ). Could we be seeing shadow inventory effect of banks not releasing bank owned properties until they clear out the inventory or has housing market really improved in the North Shore?

Sorry for the ramble and look forward to your input.

Thanks!
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