Housing market: Could be worse

Evanston showed the second smallest drop in single family detached home prices of any North Shore community last year.

Median single-family-detached home price 1998-2008

And the percentage decline in the number of homes sold in Evanston was the smallest on the North Shore.

The median price decline in Evanston last year, as calculated by the North Shore Barrington Association of Realtors, was 1.18 percent. In neighboring Skokie and Wilmette the declines were 15.36 percent and 7.88 percent respectively.

Price declines in other communities ranged from 0.79 percent in Riverwoods to 25.38 percent in Highwood.

Over the past decade, the median price of a single-family-detached home in Evanston home has risen 86 percent, compared to a gain of 67 percent in Skokie and 79 percent in Wilmette.

Single-family-detached homes sold 1998-2008

The number of single family detached homes sold in Evanstson dropped by 9 percent last year, compared to a decline of 20 percent in Skokie and 23 percent in Wilmette.

Elsewhere on the North Shore sales volume declines ranged from 11 percent in Highland Park to 60 percent in Bannockburn.

Comparable figures for attached homes — condos and townhouses — were not immediately available from the NSBAR website.

Editors’ Picks