TABLE OF CONTENTS
Seagate
Pelican Bay
Vanderbilt Beach
Kalea Bay, The Dunes
New Buffalo, Three Oaks
Union Pier
Lakeside, Harbert
Sawyer
Grand Beach, Michiana, Long Beach
LAKE GENEVA
Lake Geneva, Williams Bay
Fontana, Linn
Delavan, Como
Kenilworth,
Deer Valley
Old Town/Park City/Mountain Resort
The Canyons/The Colony
Thaynes Canyon, Park Meadows
Sun Peak/Bear Hollow
Silver Springs Area/Old Ranch Road/Kimball
Trailside Park/Quinn’s Junction
Silver Creek Estates/Village
Prospector
Jeremy Ranch/Pinebrook/Summit Park
Heber City/Midway
Kamas
Jordanelle/Mayflower Jordanelle
Hideout
Glenwild
Promontory, Red Ledges
Tuhaye, Victory Ranch
#3 MEGA TEAM IN THE UNITED STATES
#1
TEAM IN MIDWEST 2
WHAT IS THE DMG DIFFERENCE?
#1
TEAM IN ILLINOIS 3
#1
TEAM IN SOUTHWEST FLORIDA 4
#1
TEAM IN UTAH 5
The DMG Difference is the power of our incomparable network. Our team receives daily calls from our global real estate partners with buyers who are interested in our markets in Illinois, Florida, Michigan, Utah and Wisconsin. These connections give us the ability to tap into a different buyer pool in a matter of seconds.
OUR APPROACH
We operate as a true team. Our resident Chicago, Hinsdale, Lake Forest, Lake Geneva, Naples, New Buffalo and Park City agents cover the full spectrum of properties, handling both sales and rentals at all price points.
OUR RELATIONSHIPS
We work with clients across the nation. As Coldwell Banker’s top team in Illinois, the Midwest, Southwest Florida and Utah, our network extends beyond our markets to qualified buyers from all over the US and beyond.
DMG IS EVERYWHERE OUR CLIENTS CALL HOME
U.S. AND INTERNATIONAL ALLIANCES
DMG LOCATIONS
• Chicago, Lake Forest/ Lake Bluff and Winnetka, Illinois
• Lake Geneva, Wisconsion
• Naples, Flordia
• New Buffalo, Michigan
• Park City, Utah
UNTIED STATES
• Arizona
• California
• Colorado
• Connecticut
• District of Columbia
• Florida
• Georgia
• Hawaii
• Illinois
• Indiana
• Long Island
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Minnesota
• Nevada
• New Jersey
• New York/ Long Island
• North Carolina
• Oregon
• South Carolina
• Tennessee
• Utah
• Virginia
• Washington
INTERNATIONAL
• Belgium
• Canada
• France
• Italy
• London
• Luxembourg
• Mexico
• Monaco
• Switzerland
2024 REVIEW
BY DAWN MCKENNA
The U.S. real estate market in 2024 demonstrated strong resilience, adapting to shifting buyer preferences, evolving economic conditions, high mortgage rates, low inventory levels, and elevated home prices.
Sales Volume
Sales volume in 2024 remained relatively steady, though it varied significantly across regions. The primary drivers of these variations were local inventory levels and affordability constraints. Areas with limited supply saw declines in sales, while other markets, particularly in the midrange and luxury segments, experienced growth. Suburban and secondary markets continued to see strong demand, as buyers sought affordability and lifestyle benefits outside major urban centers. Additionally, the vacation home market remained robust, with affluent buyers continuing to seek properties in desirable destinations.
Prices
Home prices in most regions saw moderate appreciation in 2024, with a national average increase of 3-5%. This growth rate was slower than in previous years, as many buyers adjusted to higher mortgage rates and navigated ongoing affordability concerns. The luxury segment, however, showed steadier price stability, supported by demand from higher-income buyers who were less affected by broader economic pressures. This shift in price dynamics underscored the continued appeal of high-end properties, which remained attractive to buyers with more flexibility in their budgets.
Inventory
Inventory shortages were a defining feature of the market in 2024. Despite some improvement in new construction, housing supply remained constrained. Many homeowners were hesitant to sell not willing to give up their low mortgage rates, and new developments were primarily targeting higher-priced homes, leaving affordable housing underserved. Buyers in the mid-range
home segments continued to face competitive conditions, and while new inventory opened more opportunities for the affluent, high-demand markets still felt constricted.
Although national trends presented both challenges and opportunities, local dynamics also played a significant role in shaping our individual markets during 2024:
DMG’s Local Markets
Real estate across all our local markets demonstrated strong potential, as buyer demand and home prices remained resilient. However, persistent inventory shortages, especially in lowerpriced segments, continued to be a challenge. As inventory gradually increased throughout the year, we were able to create more opportunities for our buyers in both the mid-tier and upperprice ranges, which drove our heightened activity in many of our locales compared to 2023. A more optimistic outlook developed in the final months of 2024, fueled somewhat by lower interest rates, which was reflected in increased inventory and sales growth—an opportunity we plan to leverage for our clients as we move into 2025.
Chicagoland, Illinois
• Downtown Chicago
Buyers and investors are expected to remain attracted to the city’s distinctive blend of historic charm, contemporary luxury, and vibrant urban living in 2025. Real estate trends will likely vary by neighborhood, reflecting the city’s diverse appeal, while ongoing development and adaptive strategies are anticipated to play a key role in shaping Chicago’s future as a thriving real estate hub.
• North Shore
The North Shore’s blend of suburban tranquility, convenient access to Chicago, diverse architecture, vibrant downtowns, and a strong sense of community will continue to attract local and out-of-state buyers, including families and
professionals. This makes the area both a prime real estate destination and a promising long-term investment opportunity in 2025.
• Western Suburbs
In 2025, the Western Suburbs are expected to thrive as affluent buyers seek homes in these desirable communities, that reflect their enduring appeal. Luxury sales will likely lead, driven by demand for spacious properties, high-end finishes, and amenities. New developments and growing local businesses will further enhance the suburbs’ appeal as an alternative to urban living.
Lake Towns of Michigan & Wisconsin
• Harbor Country
Buyers are drawn to luxury waterfront properties and the peaceful, relaxed lifestyle. With strong investment potential due to its popularity as a vacation destination, Harbor Country is expected to remain a sought-after region for those seeking both tranquility and a rich community atmosphere. New developments and amenities highlight ongoing growth in this premier destination.
• Lake Geneva
The Lake Geneva region will continue to see demand from Illinois residents and out-ofstate buyers seeking lakefront living and quality amenities. Key communities, especially along the various lakes should expect robust activity, with inventory shortages leading to faster turnover, and a competitive market. The region’s growth is supported by new developments and a focus on wellness and outdoor activities.
Naples, Florida
Naples’ real estate market showed resilience, with luxury sales leading the way. Waterfront living, exclusive amenities, and high-end developments will remain key drivers of demand. While environmental challenges like hurricanes impacted some areas, the market’s long-term outlook remains positive, supported by continued investment and development. Naples’ unique blend of luxury, community, and lifestyle ensures its ongoing appeal as a premier destination for discerning buyers.
Park City, Utah
Park City’s market thrived in 2024, and this trend is expected to continue into 2025; driven by demand for luxury mountain living, recreational
opportunities, and year-round activities. Strategic developments, especially in Deer Valley, The Canyons, Heber City and new golf-centric communities, combined with the vibrant lifestyle, premier amenities, and continued investment in infrastructure sets the stage for sustained growth.
DMG’s Unwavering Commitment and Results
While industry headlines focused on concerns about a market slowdown in 2024, our story stands apart. Why?
Because we excel at uncovering opportunities and unlocking potential that others overlook even in a market lacking inventory. With deep roots in the communities we serve, and through our extensive network, our team was able to deliver a customized solution for every client.
This unwavering commitment to excellence has propelled us to our most successful year in nearly 22 years of service. In 2024, we celebrated remarkable growth across all regions, including outstanding results in our new marketsLake Geneva, Harbor Country, and Park Citywhere sales volume rose by double and even triple digit percentages.
Chicagoland favorites also saw impressive gains, with Lake Forest experiencing a 70% increase and Hinsdale growing by 67%, despite an average monthly inventory supply of less than one month. Overall, we achieved an 8.5% increase in total sales volume and an 11.8% rise in properties sold compared to 2023.
DMG is as committed to helping our clients find their first city apartment, relocating to the suburbs, securing a second home in a destination or winter retreat as they are to finding an exclusive “offmarket” property – our expertise and connections ensure a seamless and successful experience.
We deeply value the trust our clients place in us - it’s their confidence that inspires us to deliver exceptional results every time.
Founder of the Dawn McKenna Group of Coldwell Banker
CHICAGO
• Gold Coast
• Humbolt
• Lakeview
• Lincoln Park
• Lincoln Square
• Logan Square/Bucktown
• North Center
LINCOLN SQUARE
LOGAN SQUARE
NORTH CENTER
LINCOLN PARK
WICKER PARK
WEST TOWN
HUMBOLT
OLD TOWN
GOLD COAST
RIVER NORTH
WEST LOOP
LAKESHORE EAST
THE LOOP
• Old Town
• River North
• Streeterville
• The Loop/Lakeshore East
• West Loop
• West Town/Wicker Park
STREETERVILLE
BUCKTOWN
LAKEVIEW
CHICAGO
NEAR NORTH SIDE : GOLD COAST, OLD TOWN
In 2024, both Gold Coast and Old Town experienced increased sales activity compared to 2023, despite persistently low inventory, particularly in the condo and townhome segments. These historic and vibrant Chicago neighborhoods remain in high demand due to their prime location, architectural charm, and access to amenities.
In the Gold Coast, demand for properties with lower HOA fees and renovations drove sales. Single-family homes in the $2–3 million range stayed popular, while sales for $1–2 million homes rose due to increased inventory. Condos and townhomes priced $500,000–$1 million saw a 42.45% sales boost. A highlight was the debut of 850 Lake Shore Drive, a
GOLD COAST
luxury condo tower offering stunning views, modern finishes, and premium amenities.
Old Town remains a hot market for buyers and high-end renters, with limited inventory quickly absorbed. Single-family homes over $3 million saw a rising demand in the luxury sector, reflecting rising luxury demand. The opening of 1600 N. LaSalle, a 500-unit rental building, will add new housing options in the near future.
These trends highlight the lasting appeal of the Gold Coast and Old Town, where historic charm and modern conveniences attract residents and investors alike.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price Median Sales Price $1,950,000 $422,500 9 3.8 92 50 93.07% 96.32% Months Supply of Inventory Months Supply of Inventory
OLD TOWN
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$422,500 14 2.5 76 27 94.97% 99.00% Months Supply of Inventory Months Supply of Inventory
CHICAGO - 55 W DELAWARE PARKWAY UNIT
DMG
RIVER NORTH, STREETERVILLE
River North and Streeterville, both predominantly high-rise communities, experienced substantial growth in sales during 2024 compared to 2023, driven by strong demand.
In River North, sales increased across nearly all price bands, except for the $250,000 to $500,000 range, where limited inventory rather than a lack of interest was the primary constraint. The luxury market performed exceptionally well, with a 41.18% rise in sales of properties over $2 million. Known for its mix of luxury high-rises, boutique condo buildings, townhomes, and lofts, River North attracts young professionals and affluent buyers seeking a dynamic urban lifestyle.
RIVER NORTH
CONDO/TOWNHOUSE
Similarly, Streeterville saw sales growth across most price bands, aside from the $500,000 to $1 million range, where inventory shortages also played a limiting role. High-end properties above $1 million and $2 million witnessed approximately 42% increases in sales, reflecting strong interest in luxury living. Streeterville offers a quieter, more residential atmosphere characterized by luxury high-rises, mid-century modern buildings with inventory remaining a challenge, particularly for properties with unobstructed lake views or within new developments.
Together, these neighborhoods continue to attract a diverse range of buyers drawn to their unique blend of urban sophistication, prime locations, and exceptional amenities.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE STREETERVILLE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price $420,000 $437,500 3.3 4.8 44 61 99.45% 97.69% Months Supply of Inventory Months Supply of Inventory
Median Sales Price
LAKEVIEW, LINCOLN PARK
In 2024, Lakeview and Lincoln Park remained desirable neighborhoods, each offering distinct characteristics and seeing notable real estate trends driven by strong demand and limited inventory.
Lakeview experienced steady demand across all property types, fueled by its vibrant community, excellent schools, and diverse housing options. Sales of condos and townhomes priced above $500,000 were particularly robust, with the $1–$2 million segment rising by 14.89% compared to 2023. Inventory constraints were most pronounced at the lower price points, leading to heightened competition but comparatively fewer sales.
LAKEVIEW
SINGLE-FAMILY
East Lakeview welcomed projects near Belmont Harbor that provided relief to the luxury condo segment, offering modern amenities and scenic lake views. Additionally, Wolfram 18, a premier development in West Lakeview, introduced 18 meticulously designed luxury homes.
Lincoln Park continued to attract families and luxury buyers. Sales of single-family homes in the $1–$2 million range rose by 13% year-over-year, driven by demand for properties with space and high-end finishes. Townhome sales in the same price bracket also grew by 13.25%. A key addition was 405 W. Armitage, a four-story development by Barrett Homes will feature six luxury condos paired with ground-floor retail space.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$1,585,000 $425,000 6 0.7 36 20 98.39% 100.23% Months Supply of Inventory Months Supply of Inventory
Median Sales Price
LINCOLN PARK
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$1,851,000 $600,000 2.5 1.1 40 25 97.57% 99.81% Months Supply of Inventory Months Supply of Inventory
CHICAGO - 1634 W DIVERSEY PARKWAY UNIT 1 DMG represented the Seller DMG represented the Seller
CHICAGO - 1851 N FREMONT STREET
NORTH CENTER, LINCOLN SQUARE
In 2024, North Center and Lincoln Square continued to thrive as vibrant, family-friendly neighborhoods, offering diverse housing options, strong community connections, and a desirable blend of urban and suburban amenities. Both areas saw steady demand, although market activity was impacted by inventory shortages and evolving buyer preferences.
North Center’s real estate market remained competitive with strong demand across various property types and price ranges. However, tight inventory, especially in lower-priced homes, led to competitive bidding but fewer sales compared to 2023.
Several new developments are underway including a 68-apartment building at
NORTH CENTER
SINGLE-FAMILY
3914 N. Lincoln Avenue, mixed-use projects at 3950 N. Damen Avenue and 3959 N. Lincoln Avenue, and residential development at 2035 W. Irving Park Road. Additionally, plans for the former DePaul College Prep campus include a mix of single-family homes and condos.
Lincoln Square saw even stronger demand in 2024, thanks to its charming historic homes, tree-lined streets, and vibrant cultural scene. Single-family homes across all price ranges saw increased activity, although sales of condos and townhomes under $500,000 were hindered by low inventory. Upcoming projects, including a mixed-use building at 4715 N. Western Avenue and The Haven on Lincoln, are set for completion in 2025.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price Median Sales Price $1,473,250 $547,000 1.7 0.8 18 17 99.69% 100.87% Months Supply of Inventory Months Supply of Inventory
LINCOLN SQUARE
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$1,027,000 $352,000 1.3 1.2 21 18 100.11% 101.56% Months Supply
WEST TOWN/WICKER PARK, HUMBOLT, LOGAN SQUARE/BUCKTOWN
In 2024, these markets each showed unique trends, driven by neighborhood dynamics.
The West Town/Wicker Park market remained competitive, with fewer sales of single-family homes compared to 2023, while sales of condos and townhomes saw an uptick, particularly in the $1-2 million range, which saw a 127% increase. Lower-priced homes were scarce due to tight inventory. Notably, a new development in Wicker Park plans four contemporary homes priced from $3.8 million on a previously vacant row of six lots.
Humboldt Park’s real estate market gained traction as homebuyers sought more affordable options.
However, growing demand led to a reduction in available inventory, particularly in lower-priced single-family homes. A significant mixed-use development at 4000 W. North Ave will restore the historic Pioneer Bank and add coworking, dining, and residential spaces.
Logan Square experienced steady demand and stable pricing, with its blend of historic charm and cultural vibrancy continuing to attract buyers. Although inventory was tight in some price ranges, the overall availability led to increased sales. An exciting residential development at 2429 W. Fullerton will add 38 units to a vacant lot across from a shopping plaza.
WEST TOWN/WICKER PARK
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price $1,191,500 $581,000 1.1 1.1 32 21 98.31% 100.12% Months Supply of Inventory Months Supply of Inventory
$3,600,000
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
LOGAN SQUARE/BUCKTOWN HUMBOLT
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$1,062,500 $369,962 $520,000 $300,000 1.7 2.2 1 1 28 38 20 29 98.96% 98.67% 100.68% 98.84% Months Supply of Inventory Months Supply of Inventory Months Supply of Inventory Months Supply of Inventory
$3,600,000 $3,600,000
WEST LOOP, THE LOOP/LAKESHORE EAST
In 2024, both the West Loop and The Loop saw price increases, with the West Loop experiencing more significant growth.
The West Loop market remained strong, characterized by higher prices and competitive conditions. However, sales volume was down compared to 2023, mainly due to low inventory. The neighborhood’s appeal to young professionals and families seeking an urban lifestyle kept demand high, and several new developments, like the proposed 250-condo building at 1325 W. Fulton Market, were in the works, further fueling activity. The opening of Adalina’s new sister restaurant, Adalina Steak as well as Joe Flamm’s new restaurant – Il Carciofo - also add to the area’s vibrancy.
WEST LOOP
SINGLE-FAMILY
The Loop experienced steady demand, driven by its status as Chicago’s business and cultural hub. However, shifting work patterns, particularly the rise of remote work, impacted both office space demand and nearby residential sales. Larger units saw slower sales, though smaller condos remained stable, especially among young professionals wanting proximity to city amenities. Notably, the Spire lot is being redeveloped into a mixed-use project with residential, office, retail, and potentially hotel space. The project aims to transform the lakefront area with high-rise residential towers offering luxury condos and apartments with views of Lake Michigan.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$403,500 4.5 2.8 63 30 97.41% 100.08% Months Supply of Inventory Months
$3,600,000
NORTH SHORE
• Glencoe
• Glenview
• Highland Park
• Kenilworth
• Lake Bluff
• Lake Forest
LAKE
NORTHBROOK
HIGHLAND PARK
• Northbrook
• Northfield
GLENVIEW
• Wilmette
• Winnetka
NORTHFIELD
GLENCOE
WINNETKA KENILWORTH
WILMETTE
NORTH SHORE
LAKE BLUFF, LAKE FOREST, HIGHLAND PARK
In 2024, these markets all experienced rising home prices, with Lake Forest and Highland Park leading in price appreciation. Lake Bluff maintained a competitive market with quick sales, though it saw a slight decrease in median sale price.
Lake Bluff experienced a notable increase in sales, particularly in the $2 million-plus range, where sales surged by 800% compared to 2023. In 2024 DMG closed the highest sale of $5.15 million representing both the buyer and the seller. However, sales below $500,000 declined, mainly due to a lack of available inventory in this price range rather than reduced demand. The market remained fast-paced, with competitive bidding for well-priced homes.
LAKE BLUFF
Lake Forest mirrored Lake Bluff with a decline in sales for properties under $500,000, driven by limited inventory. However, sales in the $2-3 million range increased by 28% yearover-year, reflecting more availability in that price segment. The market showed signs of slowing down, with homes selling on average in 44 days, indicating a shift toward a more balanced market. Despite this, demand for luxury homes remained strong.
Highland Park’s market stayed active, fueled by its desirable location, highly rated schools and sense of community. Like the others, it saw a downturn in sales below $500,000, but properties over $3 million saw a remarkable 400% increase in sales. SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1
$855,500 $1,200,000 2.5 1.9 23 44 98.87% 98.35% Months Supply of Inventory Months Supply of Inventory
$3,600,000
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$0
$3,600,000 Median Sales Price $787,500 1.3 35 100.40% Months Supply of Inventory
NORTH SHORE - 1955 SHORE ACRES DRIVE DMG represented the Seller & Buyer
NORTH SHORE - 925 OAK KNOLL DRIVE
represented
DMG represented the Seller
NORTH SHORE - 222 E SCRANTON AVENUE
GLENCOE, WINNETKA, KENILWORTH, WILMETTE
These affluent communities continued to experience strong demand in 2024, with limited inventory driving prices upwards. Sales of upper-tier properties have risen, while those below $1 million have declined, likely due to limited inventory rather than demand.
Glencoe remains highly desirable, particularly among buyers transitioning from urban areas. With demand consistently outpacing supply, homes often receive multiple offers, underscoring its strong appeal.
Winnetka mirrors this trend. The market saw a peak in new listings in April and the highest number of closed sales in June, reflecting its dynamic activity. The One Winnetka project will introduce high-end
residential rentals alongside commercial spaces. Additional projects, like the redevelopment of the Chase Bank site and Visual Comfort’s entry into the Hubbard Woods neighborhood, signal continued growth.
Kenilworth, with its small population of 2,500, presents unique market characteristics. Inventory levels remain stable, and year-over-year changes are minimal.
In Wilmette, low inventory has constrained sales, while average prices have risen. Future projects include the Optima Lumina residential development and the transformation of Plaza Del Lago, poised to bring vibrant new retail and dining opportunities. SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $1,685,000 2 22 101.27% Months Supply of Inventory
Market Time Sold to List Price Ratio
$3,600,000
Median Sales Price $1,750,000 1 18 103.37% Months Supply of Inventory
Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Sales Price $1,887,750 2 33 100.12% Months Supply of Inventory
Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
$1,150,000 0.7 24 103.61% Months Supply of Inventory
Time Sold to List Price Ratio
SHORE - 58 WOODLY ROAD
NORTHBROOK, NORTHFIELD, GLENVIEW
Demand remains strong across these three communities, but a persistent lack of inventory, particularly in lower price brackets, continues to limit sales, resulting in lower overall volume compared to 2023. High desirability has driven significant price growth and increased activity in the luxury segments of the market.
NORTHBROOK
SINGLE-FAMILY
In Glenview, new developments highlight the area’s growth. The Drake Group is constructing a five-story, 62-unit mixed-use building with commercial space on the ground floor and multi-family residential units above. Meanwhile, The Jacobs Companies is seeking a zoning change for a proposed cluster development of 60 single-family homes at 1900 E. Lake Ave.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
NORTHFIELD
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price Median Sales Price $997,500 $775,000 0.6 0.8 18 24 100.45% 101.37% Months Supply of Inventory Months Supply of Inventory
GLENVIEW
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000 Median Sales Price $865,000 0.9 18 100.56% Months Supply of Inventory
Market Time Sold to List Price Ratio
1 2 3 4 5 6 7 8 9 10
REASONS TO LIVE IN CHICAGOLAND 10
Affordable Living: Compared to other major cities in the U.S. Chicagoland offers comparatively more affordable living in and out of the city, for those looking to buy or rent.
World Class Cuisine and Dining: Chicagoland offers a diverse and thriving culinary culture that ranges from Michelin Star restaurants and international fine dining to deep-dish pizza and Chicago-style hot dogs.
Theatre and Festivals: Chicago is the perfect place to be if you are looking to be wowed by entertainment. There are musicals, ballet performances, shows at the Chicago Symphony Orchestra, and outdoor concerts with a view of the skyline at Northerly Island.
Access to Lake and Outdoor Spaces: Lake Michigan shoreline and beaches, including swimming, boating and fishing. In winter, activities abound.
Excellent Education System: Many schools, colleges and universities have been recognized as being in the U.S. Top 10 percentile for their category.
Midwestern Warmth: Extends even into downtown Chicago, where people are fast to say hello and offer a helping hand.
Easy Transportation System: Chicago has one of the most highly rated transportation systems, including the Chicago Transit System (the “L”), bus lines, water taxis, Amtrak and access to two international airports.
Exciting Sports Options: Sports in Chicagoland offer a diverse range of excitement, from baseball and basketball to football, hockey, soccer, and thrilling college sports events.
Vibrant Arts and Culture Scene: Museums, theaters, galleries, music venues, and festivals that cater to a wide range of interests and provide a captivating cultural experience.
Abundant Job Opportunities: Chicagoland presents a multitude of job opportunities across various industries, thanks to its thriving economy, diverse sectors, and the presence of major corporations, making it an attractive destination for professionals seeking career growth.
WESTERN SUBURBS
• Burr Ridge
• Clarendon Hills
• Downers Grove
• Elmhurst
• Hinsdale
• La Grange
DOWNERS GROVE
ELMHURST
• La Grange Highlands
• La Grange Park
• Naperville
CLARENDON HILLS
WESTERN SPRINGS
LA GRANGE HIGHLANDS
WILLOWBROOK
• Oak Brook
• Western Springs
• Willowbrook
OAK BROOK
LA GRANGE PARK
HINSDALE
BURR RDIGE
WESTERN SUBURBS
WESTERN SPRINGS, LA GRANGE, LA GRANGE PARK, LA GRANGE HIGHLANDS
Demand in Western Springs, La Grange, La Grange Park, and La Grange Highlands remained strong in 2024, with buyers largely adapting to prevailing interest rates. Consumer confidence is expected to sustain this momentum into 2025. However, limited inventory, particularly in lower-priced properties, constrained sales volume, which declined compared to 2023. In contrast, the luxury market flourished, reflecting the enduring desirability of these communities. The scarcity of homes on the market, coupled with high demand, drove median sale prices upward, particularly in Western Springs and La Grange. Western Springs saw a 75% surge in
WESTERN SPRINGS
SINGLE-FAMILY
LA GRANGE
SINGLE-FAMILY
sales of properties priced above $2 million. In La Grange, sales of homes above $1 million rose by 73.68%, while La Grange Park experienced a 57.14% increase in its luxury segment.
La Grange Highlands, though a quieter area spanning over 600 acres, continues to attract residents seeking a serene neighborhood, though 2024-specific data remain limited.
Adding to La Grange’s appeal, the community welcomed BellBird Bakery, a new establishment founded by former pastry chefs from Nobu and Hogsalt Restaurants in Chicago, which has quickly become a local favorite.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023 JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $825,000 1.4 20 100.66% Months Supply of Inventory
$3,600,000
Sales Price $682,631 1.2 11 102.54% Months Supply of Inventory
LA GRANGE PARK
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$0
Sales Price $454,500 3 32 101.67% Months Supply of Inventory
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
$443,000 0.5 10 100.23% Months Supply of Inventory
DOWNERS GROVE, NAPERVILLE, ELMHURST, OAK BROOK
In 2024, the real estate markets in Downers Grove, Elmhurst, Oak Brook, and Naperville demonstrated strong demand, despite limited inventory remaining a challenge. Buyers increasingly expanded their searches to these communities, drawn by their affordability and high-quality amenities, which are comparable to more expensive areas. This shift contributed to higher sales volumes in select segments, even with overall inventory constraints.
Downers Grove saw notable growth in sales within the $500,000 to $1 million range, reflecting increased demand in this price bracket. In Naperville, there was a significant rise in properties priced above $750,000, as buyers moved into
DOWNERS GROVE
higher price bands. Elmhurst also saw a surge in demand for homes in the $1 to $2 million range, with sales in this segment increasing by 18.95%.
Oak Brook, while not specifically detailed, likely benefited from the overall trend of expanding searches into more affordable suburban markets, with desirable properties in the area continuing to attract attention. Despite low inventory, these communities demonstrated resilience, though overall sales volume did not surpass 2023 levels, except in higher price bands where demand remained strong.
These trends reflect the growing appeal of these western suburbs, as buyers seek value and quality in their home investments.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $515,000 1.6 23 100.57% Months Supply of Inventory
NAPERVILLE
SINGLE-FAMILY SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000 Median Sales Price $690,000 1.1
18 100.41% Months Supply of Inventory
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
1.2 23 99.40% Months Supply of Inventory
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
$1,130,000 1.5 37 96.74% Months Supply of Inventory
WESTERN SUBURBS - 412 FOX TRAIL COURT
represented the Seller
represented the Seller
WESTERN SUBURBS - 889 S COLFAX AVENUE
CLARENDON HILLS, HINSDALE, BURR RIDGE, WILLOWBROOK
In 2024, these markets saw strong demand, with rising home prices and a competitive environment, despite limited inventory. The market dynamics varied across these communities, but overall, the trend of increasing home prices continued.
In Downers Grove, demand remained high, leading to an uptick in sales across all price ranges. Homes priced between $500,000 and $750,000 saw the largest increase in sales, up 43.75% from 2023. The upcoming opening of Sparrow Coffee in 2025 is likely to add to the area’s appeal.
In Hinsdale, the market followed a similar trajectory with rising property prices due to limited supply.
CLARENDON HILLS
SINGLE-FAMILY
HINSDALE
Sales volume increased across most price points, except in the sub-$1 million range where inventory was scarce. Notably, sales in the $3-4 million range surged by 250% from 2023. The new developments, The 8 and The Oaks are expected to be completed in 2025, with the restaurant Gone Grazy opening soon.
Burr Ridge mirrored Hinsdale, with sales below $500,000 declining, while sales in the $2-3 million range increased by 125%. Willowbrook saw an uptick in sales of properties above $1 million but faced lower sales in lower price bands due to limited inventory, resulting in a decline in overall sales compared to 2023.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023 JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $771,500 1 21 99.53% Months Supply of Inventory
$3,600,000 Median Sales Price $1,462,500 0.9 27 98.17% Months Supply of Inventory
1.4 40 98.18% Months Supply of Inventory
DECEMBER
1.1
99.22%
WESTERN
NAPLES
• Aqualane Shores
• Coquina Sands
• Kalea Bay
• Olde Naples
• Park Shore
• Pelican Bay
KALEA BAY
SEAGATE
THE DUNES
VANDERBILT BEACH
PELICAN BAY
PARK SHORE
THE MOORINGS
COQUINA SANDS
OLDE NAPLES
AQUALANE SHORES
ROYAL HARBOR
PORT ROYAL
• Port Royal
• Royal Harbor
• Seagate
• The Dunes
• The Moorings
• Vanderbilt Beach
NAPLES
PORT ROYAL, AQUALANE SHORES
These exclusive communities continue to command attention as two of the most prestigious neighborhoods in the country. In 2024, sales volumes remained consistent with 2023, with notable trends reflecting their luxury appeal and limited inventory.
As the second most expensive neighborhood in the United States, Port Royal offers an unparalleled lifestyle and a boater’s paradise with deep water access.1 In 2024, the community witnessed numerous ultra-luxury sales, with transactions exceeding $15 million increasing by 50% compared to 2023. Two notable sales— a $46.8 million property in February and a
PORT ROYAL
$36.49 million property in September—highlight the enclave’s ongoing desirability.
The Port Royal Club announced formally it plans for a new clubhouse, blending West Indies architecture with modern member needs to sustain its role as a social cornerstone.
Ranked as the seventh most expensive neighborhood in the U.S., Aqualane Shores saw a notable increase in sales of homes priced between $7 million and $10 million.1 However, sales below $7 million declined due to limited inventory. With its proximity to downtown Naples and access to Gulf waters, Aqualane Shores remains a highly sought-after destination for discerning buyers.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $16,400,000 40 213 88.70% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
AQUALANE SHORES
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price
$8,900,000 36 223 90.94% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
NAPLES - 4120 CUTLASS LANE
ROYAL HARBOR, OLDE NAPLES
These prestigious communities offer residents unparalleled access to amenities, waterfront living, and a distinctive Naples lifestyle. Each neighborhood caters to a unique market segment, with recent developments and market trends shaping their appeal.
Royal Harbor has emerged as a favored alternative for affluent buyers seeking waterfront properties at more competitive prices compared to nearby Port Royal and Aqualane Shores. In 2024, sales of high-end properties above $5 million doubled compared to 2023, driven by demand for luxury waterfront living. The year also saw a standout sale of nearly $12 million in November.
ROYAL HARBOR
Olde Naples, known for its charming streets, proximity to the beach, and vibrant downtown, experienced a decline in sales for single-family homes and condos/townhomes in 2024. This drop was attributed to limited inventory earlier in the year. However, inventory levels increased significantly in the last quarter of 2024, setting the stage for a potential sales rebound in 2025.
Olde Naples is poised for several notable developments including The Avenue, a new mixed-use project launching in 2025 and expected to deliver in 2026 and Prime Social set to open in 2025, this 7,300-square-foot indoor/outdoor dining concept will feature a private club, and a rooftop experience.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$0
$5,675,000
29
111 91.94% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
OLDE NAPLES
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
COQUINA SANDS, THE MOORINGS, PARK SHORE, SEAGATE
These communities continue to experience consistent demand, driven by their prime waterfront locations, luxurious living options, and proximity to beaches, walkable neighborhoods, upscale shopping, and dining. As some of Naples’ most established and prestigious neighborhoods, these areas attract both buyers and renters year after year. Their exclusivity and enduring appeal ensure steady property appreciation, making them strong long-term investment opportunities.
In 2024, overall sales volumes across these communities remained relatively consistent with 2023, though trends varied based on price points and property types, heavily influenced by
COQUINA SANDS
inventory availability. For instance, while sales of single-family homes declined compared to the previous year, condos and townhomes saw increased activity. However, of note was the high-end market segment.
In Coquina Sands, sales of condos and townhomes priced over $4 million rose by an impressive 150%. In The Moorings, single-family home sales above $7 million increased by 66.7%, reflecting robust demand for luxury waterfront properties. Park Shore also experienced significant growth, with single-family home sales over $5 million rising by 70% and condos and townhomes over $4 million increasing by 42.8%.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023 JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,162,500 13 122 89.59% Months Supply of Inventory
Median Sales Price
Avg. Market Time Sold to List Price Ratio
$2,125,000 16
Median Sales Price
84 92.03% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
THE MOORINGS
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$5,400,000 24 120 91.29% Months Supply of Inventory
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
21.5 86 92.69% Months Supply of Inventory
- 5000 WEST BOULEVARD DMG represented the Seller
PARK SHORE
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$1,800,000 16.9
$3,600,000
NAPLES
PELICAN BAY, VANDERBILT BEACH
Sales of single-family homes and condos/ townhomes declined in Pelican Bay but saw an uptick in Vanderbilt Beach in 2024 compared to 2023, with the high-end market in both areas showing exceptional strength.
Pelican Bay thrives as a social and exclusive community with private beachfront dining, a robust social calendar, and proximity to the expanding Waterside Shops, including a new Restoration Hardware. Within Pelican Bay lies the exclusive gated community of Bay Colony with its unique selection of beachfront, bay and gulf view luxury condos, villas and estate properties. Single-family homes sales over $5 million surged by 350% and condo/townhomes over $4 million by 55.56% in the last year. The construction of
PELICAN BAY
Epique, a luxury high-rise set for completion in 2026, further enhances its appeal.
Vanderbilt Beach, despite facing hurricanerelated challenges this season, rebounded swiftly and continues to attract buyers seeking beachfront living at relatively more accessible prices. Condo sales under $1 million rose by nearly 32% compared to 2023. The luxury market also thrived, with single-family home sales over $4 million increasing by 300%, and condo/townhome sales over $2 million rising by 33%. The ongoing construction of The Ritz-Carlton Residences in Vanderbilt Beach, set for delivery in early 2026, underscores confidence in the area’s long-term potential and appeal.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,625,000 6 111 94.11% Months Supply of Inventory
Median Sales Price
Avg. Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price $1,312,500 10.1 91 94.43% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
VANDERBILT BEACH
SINGLE-FAMILY
$3,300,000 35 140 89.61%
KALEA BAY, THE DUNES
Just north of Vanderbilt Beach, Kalea Bay and The Dunes stand out as premier developments offering a luxurious resort lifestyle with top-tier amenities, services, and stunning waterfront views. These communities continue to attract buyers seeking high-end living in Naples.
Kalea Bay saw a surge in activity in 2024 with the completion of Tower 4 in Q2, driving preconstruction sales in the $2-3 million range. These units are now reselling for $4-5 million, as evidenced by Q3 resale activity. Tower 5, currently under construction and set to close in September 2026, is already nearing 50% sold. Buyers’ eager for immediate occupancy are expected to turn to
KALEA BAY
CONDO/TOWNHOUSE
the resale market as Tower 5 approaches sellout and Naples’ busy season ramps up.
The Dunes remains highly sought after, because its competitive price point makes it appealing for buyers priced out of Kalea Bay, The Ritz Carlton Residences, and other newer waterfront developments, while still offering exceptional views and a prestigious lifestyle. Inventory levels increased in the last quarter of 2024 as sellers prepared for heightened activity during Naples’ peak season. This community boasts large units, impressive amenities, and access to The Floridian Club, one of Naples’ most desirable beach clubs for its residences.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $2,755,000 4 88 99.81% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
THE DUNES
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Months Supply of Inventory
Median Sales Price $1,710,000 17.5 100 93.67%
Avg. Market Time Sold to List Price Ratio
REASONS TO LIVE IN NAPLES 10
1 2 3 4 5 6 7 8 9 10
Naples has been recognized by US News and World Report as one of the top 10 best places to live in America for the years 2023 and 2024, based on quality of life, value, job market and desirability.
Tropical Paradise: The year-round warm weather allows for outdoor activities and a relaxed lifestyle.
Outdoor Recreation: From boating, fishing and kayaking there are countless water activities. Naples is also recognized for being both the “Golf and Pickleball Capital of the World”, with a choice of over 80 championship golf courses and 160 public pickleball courts.
Golfing Galore: There are 108 courses within a 15-mile radius of Naples, 16 of which are public courses and 82 are private courses. There are 86 18-hole courses and 22 nine-hole layouts.
Diversifying Population: Naples has long been a popular retirement and second home community, however the growth in the last five years has evolved into full-time residents that include younger and multigenerational families.
Shopping & Dining: Naples offers a wealth of upscale shopping and dining experiences.
Thriving Real Estate Market: As a national vacation hot spot, real estate in Naples has consistently been a good investment.
Cultural Hub: A world-class zoo, a stunning botanical garden, and numerous museums and galleries, such as Artis Naples, The Naples Philharmonic, Naples Players, and Gulfshore Playhouse, make art, culture, and entertainment the way of life in Naples.
You’re Well-Connected: Naples is conveniently located near larger cities like Sarasota, Marco Island, Fort Myers and even Miami, which is only 2 hours away.
A Robust Economy & Job Market: There are plenty of exciting work opportunities, thanks to the city’s impressive growing economy, that includes many Fortune 500 companies.
HARBOR COUNTRY
• Grand Beach
• Harbert
• Lakeside
• Michiana
• New Buffalo
• Sawyer
SAWYER
LAKESIDE
UNION PIER
THREE OAKS
MICHIANA
• Sawyer
• Three Oaks
• Union Pier
NEW BUFFALO
LONG BEACH
GRAND BEACH
HARBET
HARBOR COUNTRY
NEW BUFFALO, THREE OAKS, UNION PIER
These communities have experienced comparable sales in 2024 to 2023, with only slight variations across price bands. These trends primarily reflect inventory levels rather than a shift in demand.
In New Buffalo, demand remained steady in mid-range price points and increased in the $1-2 million range. However, sales of properties over $2 million dropped significantly, likely due to a lack of inventory to meet demand. The area has seen some new developments, including Post Boy Restaurant, and Sonny D’s Speakeasy (offering karaoke on Thursdays), a BBQ restaurant bought by Rio’s, that will transform into a bar and restaurant. The existing Rio’s is being converted into a bakery.
NEW BUFFALO
SINGLE-FAMILY
Three Oaks maintained steady sales in 2024, mirroring the previous year. The small town’s limited inventory likely hindered higher sales volumes. The area welcomed Longstory Restaurant and The Market, a mixed-use building catering to local businesses.
Union Pier saw a dramatic decrease in inventory, with a shift in buyer preferences towards higher-priced properties in the $1-2 million range. These properties saw more sales than those in the $500,000 to $1 million range. A new addition to Union Pier is Barn Dog, a bar that has attracted attention in the community.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $444,950 9.5 46 95.91% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
THREE OAKS
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price $275,000 4 63 96.44% Months Supply of Inventory
$3,600,000
4.3
LAKESIDE, HARBERT, SAWYER
These charming communities each offer distinct real estate opportunities and a laid-back lifestyle that appeals to buyers seeking a retreat near Lake Michigan. From luxury waterfront homes in to more moderately priced properties they cater to a wide range of buyers, with steady property value appreciation influenced by location and type.
In 2024, Lakeside experienced a slight decline in overall sales compared to 2023, but demand surged for properties in the $1–2 million range, marking a 300% increase. Persistently low inventory constrained sales in other price segments, although a new development near Chikaming Golf Course is set to introduce 7–9 homes.
LAKESIDE
SINGLE-FAMILY
Harbert saw a remarkable doubling of sales compared to 2023, spurred by an increase in inventory throughout the year. Despite this growth, inventory remained limited, with only four months of supply available by late 2024, reflecting the area’s continued popularity among buyers.
Sawyer ended 2024 with even tighter inventory than Harbert, though it managed a slight overall increase in sales compared to 2023. Notably, sales of properties over $1 million rose by 150%. Enhancing its appeal, Sawyer welcomed Solasta Winery and Tasting Room and Out There Restaurant and Bar, adding vibrant dining and social options to the community.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $1,101,650 1.5 26 96.62% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
HARBERT
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price $840,000 4 31 97.10% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000 Median Sales
$531,000 2 44 98.37% Months Supply of Inventory
HARBOR COUNTRY - 9689 UNION PIER ROAD DMG represented the Seller
GRAND BEACH, MICHIANA, LONG BEACH
Intense competition among buyers persists, driven by limited inventory rather than a lack of demand, which has led to a downward trend in sales despite seasonal fluctuations. Nonetheless, the appeal of lakefront living remains robust, with each market offering its own distinctive charm - Grand Beach
GRAND BEACH
SINGLE-FAMILY
attracting second-home buyers with its popularity as a vacation destination, Michiana providing a more affordable and tranquil atmosphere, and Long Beach drawing those seeking established neighborhoods and a sense of community.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
MICHIANA
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
LONG BEACH, IN
SINGLE-FAMILY
JANUARY 1 - DECEMBER
Months Supply of Inventory
Median Sales Price Median Sales Price $870,000 $1,325,000 2 1.5 21 91 93.5% 95.51% Months Supply of Inventory
Market Time Avg. Market Time Sold to List Price Ratio Sold to List Price Ratio
$3,600,000 Median Sales Price $861,750 2 41 98.5% Months Supply of Inventory
Market Time Sold to List Price Ratio
REASONS TO LIVE IN HARBOR COUNTRY 10
1 2 3 4 5 6 7 8 9 10
Scenic Beauty: Boasts stunning natural landscapes, including sandy beaches along Lake Michigan, lush forests, and rolling dunes. The area’s picturesque beauty provides a tranquil and serene environment.
Lake Michigan: Living here means access to one of the largest freshwater lakes in the world. Residents can enjoy water activities, including swimming, boating, fishing, sailing, paddleboarding, kayaking and relaxing on the beach.
Quaint Small Towns: Home to charming small towns such as New Buffalo, Sawyer, and Three Oaks. These towns offer a relaxed pace of life, friendly communities, and unique local shops and restaurants.
Culinary Scene: The region is known for its diverse culinary scene, featuring farm-to-table dining, wineries, distilleries, breweries, and artisanal food producers. Residents can explore a variety of dining options that showcase local flavors.
Arts and Culture: Has a vibrant arts and culture community, with galleries, theaters, and cultural events throughout the year. This adds a creative and enriching aspect to the community.
Outdoor Recreation: Beyond the beaches, residents can enjoy hiking, biking, and exploring nature trails in the area. Warren Dunes State Park and Indiana Dunes National Park are popular destinations for outdoor enthusiatsts.
Seasonal Activities: Experiences all four seasons, each offering unique activities. From summer beach days to fall foliage tours, winter sports, and springtime blossoms, residents can enjoy a variety of seasonal experiences.
Winery, Brewery and Distillery Tours: The region is known for its wineries, breweries and distilleries, making it a paradise for wine and beer enthusiasts. Residents can explore local vineyards and tasting rooms.
Community Events: Hosts various community events and festivals, fostering a sense of community and providing opportunities for residents to come together and celebrate.
Proximity to Chicago: Conveniently located near Chicago, making it an ideal getaway for city dwellers. The short drive or a fast train journey, through a new high-speed rail system from Chicago, will allow residents quick access to the the peacefulness of Harbor Country.
LAKE GENEVA
•
•
•
•
•
•
Como
Delavan
Fontana
Lake Geneva
Linn
Williams Bay
DELAVAN
COMO
LAKE GENEVA
LINN
WILLIAMS BAY
FONTANA
LAKE GENEVA
LAKE GENEVA, WILLIAMS BAY, FONTANA, LINN
An increasing number of Illinois residents are relocating to Wisconsin, driving significant sales growth across various price points in these communities. This demand was limited only by inventory, which became more competitively priced, higher in quality, and quicker to turnover, creating a fast-paced real estate market in 2024.
In Lake Geneva, developments like Stone Ridge and Symphony Bay remain highly sought after, with lots continuing to sell steadily. The area’s boutique retail scene has transformed, offering upscale shopping and dining experiences that cater to discerning buyers.
LAKE GENEVA
Williams Bay is seeing exciting developments, including the approval of The Preserve, a luxury hotel complex on the former George Williams College campus. The Women’s Center aims for a 2025 opening, and a new commercial building will house a spa and yoga center, enhancing the area’s appeal for wellness-focused residents and visitors.
In Fontana and Linn, demand for quality properties remains strong, with sales reflecting the appeal of lakefront living and year-round outdoor activities. The Residents on Lake Geneva, a townhouse development launched in 2024, is expected to meet market demand in 2025.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price $494,450 2.3 63 97.98% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price $600,000 8 49 100.31% Months Supply of Inventory
Avg. Market Time Sold to List Price Ratio
FONTANA
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
LINN
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
DMG represented the Seller - Sale Pending
LAKE GENEVA - N2830 WALDEN LANE
DELAVAN, COMO
Delavan and Lake Como have become increasingly popular for buyers seeking water access at more affordable price points, offering attractive alternatives to higher-priced lakefront areas. Sales in both communities have remained steady year-over-year.
In Delavan, the market continues to draw vacation homeowners looking for an upgraded “lake life” experience at a lower cost. Many buyers are renovating or rebuilding older homes, which is enhancing the area’s appeal. In June 2024, the groundbreaking of The Shores of Delavan Lake marked a major development, and Harbor Club, part of Lake Lawn Resort, saw significant success in 2024, with continued growth expected in 2025.
Shodeen Development plans to introduce over 400 units in Delavan in 2025, further expanding the market.
On the shores of Lake Como, Destination Geneva National provides a private, gated community with 54 holes of championship golf. Over the past five years, new ownership has significantly improved its golf courses, clubhouse, and amenities, attracting immediate interest. The addition of new homes, combined with family-friendly events and happy hours at the clubhouse, continues to make it a popular choice. Additionally, Shodeen’s Edgewood Vistas, which began construction in 2024, adds more attractive housing options.
DELAVAN COMO
SINGLE-FAMILY
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023 JANUARY 1 - DECEMBER 31,
Median Sales Price $335,000 4.7 41 98.79% Months Supply of Inventory
Market Time Sold to List Price Ratio
$3,600,000 Median Sales Price $384,750 17 42 98.29% Months Supply of Inventory
Market Time Sold to List Price Ratio
REASONS TO LIVE IN LAKE GENEVA 10
Natural Beauty: Boasts stunning natural beauty with its crystal-clear waters, picturesque shoreline, and surrounding scenic landscapes.
Recreational Activities: The area offers a plethora of recreational activities, including boating, fishing, swimming, hiking, biking, and golfing, providing ample opportunities for outdoor enthusiasts.
Water Sports: The expansive Geneva Lake is a haven for water sports enthusiasts, offering activities such as sailing, jet skiing, paddleboarding, and kayaking in the summer and ice boating, ice fishing and snowshoeing in the winter.
Resort Town Charm: Exudes a charming resort town atmosphere, with its quaint shops, boutiques, restaurants, and cafes lining the streets, creating a delightful ambiance.
Historic Architecture: The town showcases beautiful historic architecture, including grand mansions and estates, adding a touch of elegance and history to the area.
Events and Festivals: Hosts a variety of events and festivals throughout the year, including the Venetian Festival, Winterfest, and the Lake Geneva Restaurant Week, providing entertainment and cultural experiences for residents.
Proximity to Chicago: Close proximity to Chicago allows residents to enjoy a peaceful lakeside lifestyle while still having access to the amenities and opportunities of a major city.
Family-Friendly Environment: The area is known for its family-friendly environment, offering excellent schools, safe neighborhoods, and a range of activities and attractions suitable for all ages and known as a childhood paradise.
Shopping and Dining: Features a vibrant shopping and dining scene, with a mix of local boutiques, specialty stores, antiquing and a wide array of restaurants, ensuring residents have plenty of options to explore.
Community Spirit: Has a strong sense of community spirit, with friendly residents, community events, and a welcoming atmosphere that fosters a sense of belonging and connection among its residents. 1 2 3 4 5 6 7 8 9 10
PARK CITY
• Deer Valley
• Glenwild
• Heber City/Midway
• Hideout
• Jeremy Ranch/ Pinebrook/Summit Park
• Jordanelle/Mayflower
• Kamas
• Old Town/Park City/ Mountain Resort
• Park Meadows
• Promontory
• Quinn’s Junction
PARK MEADOWS
QUINNS JUNCTION
HIDEOUT
KAMAS TUHAYE
MAYFLOWER
JORDANELLE
HEBER CITY RED LEDGES
VICTORY RANCH
• Red Ledges
• Silver Creek Estates/ South Prospector
• Silver Springs Area/ Old Ranch Road/Kimball
• Sun Peak/Bear Hollow
• The Canyons/The Colony
• Thaynes Canyon
• Trailside Park/ Quinn’s Junction
• Tuhaye
• Victory Ranch
PARK CITY
DEER VALLEY, OLD TOWN/PARK CITY/MOUNTAIN RESORT
The demand for properties in these communities remained strong in 2024, showcasing unique market dynamics shaped by their prime locations and seasonal appeal.
Deer Valley is amid a transformative development phase, with significant residential and commercial projects underway, which is expected to inject hundreds of millions of dollars into the market over time, substantially increasing inventory levels. Despite this growth, inventory for both singlefamily homes and condos/townhomes remains constrained; any uptick in availability during late 2024 was quickly absorbed.
DEER VALLEY
SINGLE-FAMILY
In Old Town and Park City Mountain Resort, sales activity saw a notable rise in 2024, driven by the area’s enduring appeal and proximity to recreational and cultural amenities. Inventory levels for single-family homes spiked in December 2024, likely in anticipation of the ski season, offering buyers more options. However, the supply of condos and townhomes remains at historic lows, underscoring continued demand and limited development in this segment.
Adding to the vibrancy of the season, the 47th annual Sundance Film Festival will run from January 25 to February 2, attracting global attention and further enhancing the desirability of properties in these iconic locations.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$5,900,000 3.5 70 85.54% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
JANUARY
Months Supply of Inventory Avg. Market Time Sold to List Price Ratio Median Sales Price
$2,475,000 5.7 61 96.47%
OLD TOWN/PARK CITY/MOUNTAIN RESORT
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$0
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
DMG/ Schlopy Family represented the Seller
THE CANYONS/THE COLONY, THAYNES CANYON, PARK MEADOWS
Located along Park City’s ski areas, the communities of The Canyons/The Colony, Thaynes Canyon, and Park Meadows each offer distinct lifestyles and price points, appealing to a wide range of buyers.
Known for its ultra-luxury offerings, The Canyons and The Colony boast expansive private estates with ski-in/ski-out access, with single-family homes often exceeding $10 million. Condos and townhomes provide more accessible price points, but demand remains robust due to the area’s premier location and ongoing developments. While inventory across all property types increased
in late 2024—typical ahead of ski season—overall low availability has constrained sales, especially outside the high-end segment.
Thaynes Canyon enjoyed a strong 2024, with sales surpassing 2023 levels and inventory shrinking to less than 1.5 months by year-end. The limited inventory underscores the area’s desirability and competitive market conditions.
Park Meadows, a well-established community favored by year-round residents, maintained steady sales activity in 2024. An increase in inventory helped bolster sales, but high-end properties have faced longer market times.
THE CANYONS/THE COLONY
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31,
Sales Price
$1,185,000 8 97 97.17% Months Supply of Inventory
Market Time Sold to List Price Ratio Median Sales Price $7,050,000 13 193 89.98% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
THAYNES CANYON
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
PARK MEADOWS
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$4,500,000 $3,475,020
$3,600,000
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
1.5 4.5 2 119
95.23% 92.14%
SUN PEAK/BEAR HOLLOW, SILVER SPRINGS AREA/ OLD RANCH ROAD/KIMBALL JUNCTION
The communities of Sun Peak/Bear Hollow and Silver Springs Area/Old Ranch Road/Kimball Junction continue to experience strong demand, with sales remaining consistent despite limited inventory. These established neighborhoods, largely built out with no new developments planned, maintain their appeal due to location, lifestyle offerings, and diverse property options.
Sales activity in Sun Peak/Bear Hollow increased in 2024 compared to the previous year, even as inventory remained tight. Single-family homes in the $2–$3 million range saw notable growth, as did condos and townhomes priced between $500,000 and $2 million. The area’s proximity to
recreation and its mix of property types continue to attract buyers across a range of price points.
Similarly, Silver Springs, Old Ranch Road, and Kimball Junction saw an uptick in single-family home sales, particularly in the $2–$3 million range. However, sales of condos and townhomes decreased, despite increased inventory levels, likely due to a scarcity of properties priced between $250,000 and $500,000—an area of stronger activity in 2023. Meanwhile, sales for higher-end condos and townhomes above $1 million rose significantly, reflecting shifting buyer preferences toward luxury options.
SUN PEAK/BEAR HOLLOW
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$2,265,000 3 68 97.83% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
Median Sales Price
$1,050,000 1.8 50 97.15% Months Supply of Inventory
Market Time Sold to List Price Ratio Median Sales Price
SILVER SPRINGS AREA/ OLD RANCH ROAD/KIMBALL JUNCTION
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
3.5
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$818,950 7.7
PARK CITY - 1184 ANGUS COURT
DMG/ Schlopy Family represented the Seller
TRAILSIDE PARK/QUINN’S JUNCTION, SILVER CREEK ESTATES/VILLAGE
Sales in Trailside Park/Quinns Junction and Silver Creek Estates/Village have remained consistent year-over-year, with fluctuations largely tied to inventory levels rather than demand. These communities continue to attract buyers for their distinctive offerings and strategic locations.
Trailside Park experienced a decline in sales in 2024, but this is primarily attributed to limited inventory, with only three months’ supply available by year-end. Known for its focus on community and comparatively lower price points, the area remains highly desirable. Buyer interest persists, but the lack of available properties has constrained transaction activity.
Silver Creek Village is undergoing significant growth, with expanding infrastructure that includes new restaurants and retail, further enhancing its appeal. However, inventory challenges in lower price points have impacted sales. Single-family homes in the $1–$2 million range saw a 30% decline in sales, while condos and townhomes priced between $750,000 and $1 million dropped by 28%. In contrast, properties in higher price brackets have seen increased activity, reflecting a shift toward luxury offerings as the community evolves.
TRAILSIDE PARK/QUINN’S JUNCTION
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
3 32 96.38% Months Supply of Inventory
Time Sold to List Price Ratio
SILVER CREEK ESTATES/VILLAGE
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
4.8
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
3.5
DMG/ Schlopy Family represented the Seller
PROSPECTOR, JEREMY RANCH/PINEBROOK/SUMMIT PARK
The communities of Prospector and Jeremy Ranch/ Pinebrook/Summit Park continue to attract buyers with their diverse property offerings, convenient access to the slopes, and proximity to Salt Lake City. Sales saw a notable uptick in 2024 compared to 2023, though inventory constraints remain a key market influence as no new developments are planned.
In Prospector, limited inventory in the single-family home market led to a slight decline in sales, with no single-family homes available as of December 2024. Conversely, increased inventory for condos and townhomes spurred significant activity. Sales of condos in the $250,000–$500,000 range surged by 42% year-over-year, highlighting strong demand in this more affordable segment.
PROSPECTOR
SINGLE-FAMILY
Jeremy Ranch, Pinebrook, and Summit Park experienced robust growth in sales across both single-family homes and condo/townhome developments. Single-family home sales in the $2–$3 million range doubled compared to 2023, while sales of condos and townhomes priced between $750,000 and $1 million increased by an impressive 83.3%. These gains reflect the appeal of the area’s mix of mountain living and accessibility to urban amenities.
These communities underscore the continued demand the area’s lifestyle offerings, with inventory levels and price points shaping buyer activity in 2024.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$2,093,285 0 74 97.49% Months Supply of Inventory
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$380,000 3.5
Sales Price
48 96.72% Months Supply of Inventory
Market Time Sold to List Price Ratio
JEREMY
2.5
DMG/ Schlopy Family represented the Seller
HEBER CITY/MIDWAY, KAMAS
These vibrant communities are undergoing significant transformations, with new single-family homes, condos, townhome developments, and retail establishments contributing to their growth.
Located just a short drive from Park City’s ski slopes, they offer a unique blend of convenience and charm, drawing increasing interest from buyers.
In Heber City and Midway, single-family home sales saw substantial growth in 2024 compared to 2023, supported by a late-year increase in inventory levels that met pent-up buyer demand. The condo and townhome market remained stable, but sales were constrained by limited inventory in the $1–$2 million range, highlighting a gap in this key price segment.
HEBER CITY/MIDWAY
SINGLE-FAMILY
Kamas experienced steady and significant growth across all price ranges in 2024, with sales particularly bolstered by an uptick in inventory in the $1–$2 million range. This segment saw a remarkable 58.8% increase in sales compared to 2023, reflecting the area’s growing appeal and expanding market.
Adding to the excitement this winter, Kamas will host a Ski Jöring competition, a thrilling event where a horse and rider pull a skier through a challenging course. This unique attraction highlights the region’s dynamic blend of outdoor recreation and community spirit.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$520,000 2.8 47 98.35% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio Median Sales Price $958,440 3.2 70 95.70% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
$3,600,000
Sales Price
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000 SINGLE-FAMILY
4.5
PARK CITY - 9980 N VISTA DRIVE
DMG/ Schlopy Family represented the Seller
JORDANELLE/MAYFLOWER JORDANELLE, HIDEOUT
The rapidly growing communities of Jordanelle/ Mayflower and Hideout are transforming into dynamic hubs, driven by new construction and the expansion of Deer Valley’s East Village Resort. This development will establish a bustling center of activity, seamlessly connecting to Deer Valley and enhancing the area’s appeal.
In Jordanelle, single-family home sales remained steady in 2024 compared to 2023, with notable growth in the $3–$5 million range, which saw a 48.8% increase. Inventory levels for condos and townhomes surged in late 2024, likely in preparation for the ski season. However, with most listings priced above $1 million, the demand for
lower-priced properties went unmet, leading to softer sales in those segments.
Hideout, a smaller yet thriving neighboring community, experienced significant growth in 2024. Sales of single-family homes in the $1–$2 million and $2–$3 million ranges soared by 250% and 85.7%, respectively. The condo and townhome market remained consistent with 2023 levels, while land sales saw a dramatic rise due to the launch of a new development project, underscoring Hideout’s increasing popularity among buyers seeking opportunities for custom builds.
JORDANELLE/MAYFLOWER JORDANELLE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$4,116,012 3.5 68 99.39% Months Supply of Inventory
Median
Avg. Market Time Sold to List Price Ratio
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,600,000
Median Sales Price
$1,250,000 5.2 77 99.45% Months Supply of Inventory Avg.
PARK CITY - 2193 E WRANGLER DRIVE
DMG/ Schlopy Family Current Listing representing the Seller
HIDEOUT
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
LAND AT GOLDEN EAGLE DEVELOPMENT
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
CONDO/TOWNHOUSE
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$2,470,674 8 6.5 105 158 100.11% 96.58% 97.31%
$3,600,000 $3,600,000
GOLF COMMUNITIES:
PROMONTORY, TUHAYE
The golf communities in the Park City area continue to thrive, offering a blend of luxury, recreation, and lifestyle that appeals to a range of buyers. Sales and inventory remain robust across these sought-after neighborhoods, presenting excellent opportunities for those seeking land, spec homes, or resale properties.
GLENWILD
SINGLE-FAMILY
Despite inventory constraints in some price segments, sales in golf communities have held steady, driven by demand for the unique combination of premier golf courses and yearround amenities. Properties in the $2–$5 million range have been particularly active, while ultra-luxury homes above $5 million also continue to find buyers drawn to the exclusivity of these communities.
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$0 - $2M
$5M
$5,400,000 4.5
Median Sales Price
82 94.91% Months Supply of Inventory Avg. Market Time Sold to List Price Ratio
LAND
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
11 Months Supply of Inventory 91.76% Sold to List Price Ratio
PARK CITY - 2548 E RED KNOB WAY
SINGLE-FAMILY PROMONTORY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
LAND
JANUARY
TUHAYE
SINGLE-FAMILY
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
5 11
GOLF COMMUNITIES CONTINUED: RED LEDGES, VICTORY RANCH
RED LEDGES
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
18
VICTORY RANCH
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
JANUARY 1 - DECEMBER 31, 2024 VS. SAME PERIOD 2023
$3,050,000 $4,200,000 9.5 4.5 135 78 97.49% 96.46% 96.75% 91.04% Months Supply of Inventory Months Supply of Inventory
19 Months Supply of Inventory Months Supply of Inventory Median Sales Price Median Sales Price
to List Price Ratio
REASONS TO LIVE IN PARK CITY 10
Natural Beauty: Nestled in the stunning Wasatch Mountains, offering breathtaking views and access to outdoor activities like hiking, skiing, and mountain biking.
World-Class Skiing: Renowned for its exceptional ski resorts, including Park City Mountain Resort and Deer Valley Resort, providing unparalleled winter sports opportunities.
Outdoor Recreation: Beyond skiing, Park City offers a plethora of outdoor activities year-round, such as hiking, mountain biking, fishing, golfing, and horseback riding.
Festivals and Events: Hosts various festivals and events throughout the year, including the Sundance Film Festival, Kimball Arts Festival, and Park City Food & Wine Classic, providing a vibrant cultural scene.
Small-Town Charm: Despite its popularity, Park City maintains a smalltown charm with a tight-knit community, friendly locals, and a welcoming atmosphere.
Quality Education: Boasts excellent schools, making it an ideal place for families seeking quality education for their children.
Proximity to Salt Lake City: A short drive away from Salt Lake City, offering access to additional amenities, international airport, and urban attractions.
Strong Economy: Economy is robust, driven by tourism, outdoor recreation, and a growing tech industry, providing ample job opportunities.
Health and Wellness: Prioritizes health and wellness, with numerous fitness centers, spas, yoga studios, and access to outdoor activities that promote an active lifestyle.
Community Engagement: Has a strong sense of community engagement, with numerous volunteer opportunities, community events, and a supportive network of residents who care about the town’s well-being. 1 2 3 4 5 6 7 8 9 10
All data included represents a review of January 2023 through December 2024. The data is sourced from the Multiple Listing Systems of each market represented in the report, ie. Chicagoland, Lake Geneva, Naples, New Buffalo and Park City.
The data is represented quarterly throughout the report, using medians, averages, totals, and percentages. The figures (in terms of inventory, solds or list prices), are based on closed sales reported before the end of the period, ie. the last day of the month. Any property closed after the quarterly analysis period was not included. Property-specific sales records were standardized, inaccurate sale prices were corrected when necessary and all duplicate records were manually excluded. As a result, statistics available via the source data providers may not correlate to this analysis.
METHODOLOGY TERMS DEFINED
SINGLE-FAMILY OR DETACHED HOME
A stand-alone house is a free-standing residential building with no common party wall. It is sometimes referred to as a detached home but is not a multi-family residential dwelling.
CONDO/TOWNHOUSE HOME
An condo/townhouse means that a home shares a common party wall usually on both sides of the property (including condominiums, duplexes and townhomes).
NEW LISTINGS
A new property that has become available within the last quarter.
CLOSED SALES
Figures based on known closings recorded at the time the report is prepared and recorded in their respective quarters.
% CHANGE
The variance by percentage between each quarter compared.
MEDIAN SALES PRICE
The middle price of the given dataset.
MONTHS’ SUPPLY OF INVENTORY
The number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
AVERAGE MARKET TIME
The average number of days all properties were on the market prior to being sold.
OFFICES
ILLINOIS
CHICAGO | GOLD COAST
676 N. MICHIGAN AVENUE
SUITE 3010
CHICAGO, IL 60611
312.750.9333
CHICAGO | LINCOLN PARK
1910 N. CLYBOURN AVENUE
CHICAGO, IL 60614
312.750.9333
HINSDALE
8 E. HINSDALE AVENUE
HINSDALE, IL 60521
630.686.4886
LAKE FOREST
675 FOREST AVENUE
LAKE FOREST, IL 60045
847.737.4775
WINNETKA
45 GREEN BAY ROAD
GLENCOE IL 60022
847.807.3660
FLORIDA
NAPLES
550 5TH AVENUE SOUTH NAPLES, FL 34102
239.316.3883
MICHIGAN
NEW BUFFALO
10 N. WHITTAKER STREET
NEW BUFFALO, MI 49117
269.256.6600
UTAH PARK CITY
1153 CENTER DRIVE
PARK CITY, UT 84098
435.523.4453
WISCONSIN
LAKE GENEVA
226 BROAD STREET
LAKE GENEVA, WI 53147
262.649.9530