One Big Reason I Love Evanston

After peeking through the stats and trends for the North Shore, particularly along the waterfront, you might find that homes are mysteriously retaining their value. Evanston has seen a much more volatile market than its suburban neighbors, with several more foreclosures and major price reductions that Winnetka, Wilmette, and Highland Park have not seen yet.

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Are stable prices a good thing? Of course. But living in Evanston still remains as the most accessible communities on the Shore, both economically and in its location. With significantly more condos on the market, the condo micromarket has actually remained more stable than single-family home prices. First off, Evanston allows a lot more development than its surrounding towns, sacrificing that untouchable, preserved village atmosphere for commercial business and (some would say, more practical) growth.

The relative volatility in Evanston prices reflects the market as it stands right now, much more than its anomalous neighbors. Is that a reason to love Evanston? It’s not the only one, but it does mean that I can afford a condo here.

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486 SHERIDAN Rd #1
EVANSTON, IL 60202

Price: $214,900
Beds: 1 On Redfin: 2 days
Baths: 1 Year Built: 1926

826 JUDSON Ave #5
EVANSTON, IL 60202

Price: $265,000
Beds: 2 On Redfin: 80 days
Baths: 1 Year Built: 1926

723 SIMPSON St #3
EVANSTON, IL 60201

Price: $192,000
Beds: 1 On Redfin: 9 days
Baths: 1 Year Built: 1918