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Just the facts..
How's the market? It's probably the question I get asked most frequently. So many numbers are reported in the press: everything from the Case-Shiller Index and the pending home sales report to the new construction starts and Core-Logic's Home Price Index. It can be confusing trying to figure out which numbers to understand and follow. While all these indicators are interesting, they also tend to reflect national trends and do not always present what's happening on our local North Shore market. So the answer to the question, How's the market? is this...
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The North Shore's Highest Sales in July
Lake Forest - 1145 Green Bay Road
Original List - $11,995,000
List - $6,495,000
Sale - $5,625,000 (87% of asking)
Total Days on Market - 1179
Days on Market at Final List Price - 60
Winnetka - 722 Prospect Avenue
List - $5,575,000
Sale - $5,150,000 (92%)
Total Days on Market - 42
Lake Forest - 254 Laurel Avenue
Original List - $5,500,000
List - $4,100,000
Sale - $3,500,000 (85%)
Total Days on Market - 771
Days on Market at Final List Price - 41
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Lake Forest Celebrates 150th Anniversary
Lake Forest was founded on February 21, 1861, and 2011 is the community's 150th anniversary. The Historical Society and the 150th Historical Activities Committee are spearheading projects and planning events to celebrate the heritage. The Sesquicentennial Committee is in the final stages of finalizing the celebration of the 150th Anniversary of the founding of Lake Forest.
Don't forget to mark your calendars for the Heritage Festival in Market Square on September 3.
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