As soon as many Americans begin working, they simultaneously begin planning their ideal retirements too.
According to a survey of 2,000 respondents by Provision Living Senior Living Communities, 52 percent of Americans say they think about retirement four or more times per week and the average ideal age for retirement is 60 — although millennials plan to retire earlier (56) than their baby boomer counterparts (64).
More than 78 percent of respondents say they’d like to stay stateside with Miami, San Diego, Denver, New York, and Orlando being the top five locales for retirees. Twenty-one percent said they’d like to live abroad with Italy being the top choice.
When it comes to their dream home, respondents said they’d like a one-story ranch near a coastal or beach setting. Millennials plan to have a bigger home at 1,890 square feet while baby boomers would like a property no bigger than 1,500 square feet.
Although these Americans have big plans for retirement, how close are they to actually making it happen? On average, respondents said they’d ideally like to have $610,000 in savings, with millennials saying they need more to retire ($687K) than baby boomers ($574K).
But, when asked how much they’ll realistically have in retirement savings, respondents, on average, said they’ll only have $276,000. By age group, millennials said they’ll have at least $357,000 in savings — $129,000 more than baby boomers.
Recent academic and consumer reports from groups such as the Harvard Joint Center for Housing Studies and companies such as Houzz and Zillow have highlighted baby boomers’ needs as they begin planning for retirement, with the greatest concerns being financial stability and accessibility.
The Harvard Joint Center for Housing Studies’ Housing America’s Older Adults study revealed that baby boomers are delaying retirement — Americans aged 65 to 79 have experienced 10 percent increase in wages over the past five years, signaling the fact that they’re staying in the workforce longer.
Despite that uptick in wages, JCHS says 9 million households aged 50 and over are barely raking in $15,000 per year, making the goal of having $574,000 in savings impossible.
Beyond affording retirement, baby boomers are increasingly looking for accessible housing, which includes ramp access, one-story home layouts, and bathrooms with safety bars and lower shower clearances.
Credit: https://www.inman.com
Category: North Shore
Glenview Subdivisions with Single Family Homes for Sale
Bel Air Gardens – 1 home for sale
Bel Air Gardens is a single family home subdivision built in the 1950’s and 1960’s. Bel Air Gardens is located in Glenview, Illinois south of Harrison Street and east of Greenwood Avenue.
Bonnie Glen – 2 homes for sale
Bonnie Glen is a single family neighborhood built in the 1960’s. Bonnie Glen is located in Glenview, Illinois south of Lake Street east of Waukegan Road.
Cambridge at the Glen – 1 home for sale
Cambridge at the Glen is a single family home and townhouse community built in the early 2000s. Cambridge at the Glen is located in Glenview, Illinois east of Patriot Blvd. and north of Lake Avenue.
Chapel Crossing – 2 homes for sale
Chapel Crossing is a single family home neighborhood built in the early 2000s.
Chapel Crossing is located in Glenview, Illinois on Lake west of Waukegan Road.
Chesterfield – 1 home for sale
Chesterfield is a townhouse community built in the early 1960s. Chesterfield is located in Glenview, Illinois south of Central Road and east of Greenwood Avenue.
Countryside – 5 homes for sale
Countryside is a subdivision of single family homes built in the 1940s and 1950s. Countryside is located in Glenview, Illinois south of Glenview Road and east of Route 21.
Eagle’s Nest – 1 home for sale
Eagle’s Nest is a single family neighborhood built starting in 2006. Eagle’s Nest is located in Glenview, Illinois north of Euclid Avenue and west of Landwehr Road.
East Glenview – 1 home for sale
East Glenview is a single family home community located in Glenview, Illinois east of Harms Road and north of Glenview Road.
Estate Lane – 2 homes for sale
Estate Lane is a single family home community built in the 1970s. Estate Lane is located in Glenview, Illinois south of Lake Avenue and west of Greenwood Road.
Eugenia – 4 homes for sale
Eugenia is a single family home neighborhood located in Glenview, Illinois. Eugenia is located east of Washington Road and north of Golf Road.
Flick Park – 1 home for sale
Flick Park is a single family neighborhood in Glenview, Illinois. Flick Park is located on Pfingston west of Glenview Road.
Glen Oak Acres – 15 homes for sale
Glen Oak Acres is a single family home neighborhood. Glen Oak Acres is located in Glenview, Illinois north of Lake Avenue and west of Wagner Road.
Glenayre Park – 5 homes for sale
Glenayre Park is a single family home neighborhood located in Glenview, Illinois. Glenayre Park is south off Glenview Road on Glenayre Drive.
Glenlake Estates – 5 homes for sale
Glenlake Estates is a single family homes and townhome community built in the early-to-mid 1990s by The James Group. Glenlake Estates features 66 town houses with floor plans ranging from 1,937 to 2,363 square feet of living space. Glenlake Estates features 106 single family homes with floor plans ranging from 2,640 to 3,400 square feet. Glenlake Estates is located in Glenview, Illinois on Pfingston north of Lake.
Glenshire – 2 homes for sale
Glenshire is a townhouse and single family home neighborhood built in the 1960’s. Glenshire is located in Glenview, Illinois. Glenshire is south of E. Lake Street and east of Shermer Road.
Glenview Terrace – 1 home for sale
Glenview Terrace is a single family home neighborhood. Glenview Terrace is located in Glenview, Illinois off of Glenview Road east of Shermer Road.
Golf Acres – 3 homes for sale
Golf Acres is a single family home neighborhood. Golf Acres is located in Glenview, Illinois east of Waukegan Road and north of Golf Road.
Haverford – 2 homes for sale
Haverford is a single family home and condo maintenance free community built in the mid 2010’s by Concord Homes. Haverford features 48 condominiums with floor plans ranging from 1,417 to 2,203 square feet of living space. There are 50 single family homes with floor plans ranging from 4,337 to 4,881 square feet of of living space. Haverford is located at Willow and Waukegan roads in Glenview, Illinois.
Heatherfield – 3 homes for sale
Heatherfield is a single family home, townhome and condo neighborhood built in the late 1990’s and early 2000’s. Heatherfield is located in Glenview, Illinois west of Waukegan Road between Winnetka and Willow Roads.
Indian Ridge – 1 home for sale
Indian Ridge is a single family home neighborhood built in the 1980s. Indian Ridge is located in Glenview, Illinois on Landwehr north of Lake.
La Fontaine – 5 homes for sale
La Fontaine is a single family home neighborhood located in Glenview, Illinois. La Fontaine is south on Robin Lane off E. Lake Avenue.
Northfield Woods – 2 homes for sale
Northfield Woods is a single family home neighborhood. Northfield Woods is located in Glenview, Illinois south of Euclid Avenue and west of Milwaukee Avenue.
Oak Hill – 1 home for sale
Oak Hill is a single family neighborhood located in Glenview, Illinois. Oak Hill is north of W. Lake Street and west of Landwehr Road.
Park Manor – 6 homes for sale
Park Manor is a single family home neighborhood. Park Manor is located in Glenview, Illinois south of Central Road and west of Harlem Avenue.
Southgate on the Glen – 3 homes for sale
Southgate on the Glen is a single family and town home community built in the early 2000s by Edward R. James. Southgate on the Glen is located in Glenview, Illinois north of Lake Avenue and west of Shermer Road.
Sunset Park – 4 homes for sale
Sunset Park is a single family home neighborhood built in the 1950s. Sunset Park is located in Glenview, Illinois north of Lake Avenue and east of Waukegan Road.
Swainwood – 5 homes for sale
Swainwood is a single family neighborhood built in the 1950s. Swainwood is located in Glenview, Illinois north of Glenview Road and east of Shermer Road.
Tall Trees – 3 homes for sale
Tall Trees is a single family neighborhood built in the 1960s. Tall Trees is located in Glenview, Illinois north of Lake Avenue and west of Waukegan Road.
The Circles – 1 home for sale
The Circles is a single family neighborhood located in Glenview, Illinois. The Circles south of Glenview Road and east of Waukegan Road.
The Enclave at the Grove – 5 homes for sale
The Enclave at the Grove is a single family home gated community built starting in 2017. The Enclave at the Grove is being built by David Weekley Homes and will feature 48 homes located in Glenview, Illinois east of Route 21 (Milwaukee Avenue) and south of Lake Avenue.
The Glen – 6 homes for sale
The Glen is a condominium, townhouse and single family home neighborhood built starting in the early 2000’s. The Glen is located in Glenview, Illinois north of Lake Avenue off of Patriot Blvd.
Virginia Woods – 1 home for sale
Virginia Woods is a subdivision of single family homes located in Glenview south of Euclid Avenue and west of Milwaukee Avenue.
Westfield – 4 homes for sale
Westfield is a single family home neighborhood. Westfield is located in Glenview, Illinois east of Milwaukee Avenue and north of Golf Road.
Willows – 7 homes for sale
Willows is a single family home neighborhood built in the 1960s and 1970s. Willlows is located in Glenview, Illinois east of Pfingston Road and south of Willow Road.
Woodland Grove – 2 homes for sale
Woodland Grove is a single family home subdivision. Woodland Grove is located in Glenview, Illinois south of Lake/Euclid Avenue and east of Milwaukee Avenue.
Fewer Glenview Homes Sold At Slightly Higher Prices
Local real estate data from the first half of 2018 shows closing prices of single-family homes edging upwards as the number of sales falls.
Declining demand has driven down housing prices across most of the North Shore, but sales prices of homes in Glenview and Golf have edged upwards. The average sale price of a single-family Glenview home sold this year was $5,000 more than this point in 2017, according to data from local glenview real estate agents.
Across the rest of the north suburbs, the number of new listings, closed sales and houses under contract all fell as of the end June 2018 compared to the same period last year. The number of homes under contract fell by slightly more at 3.8 percent and the average sales price fell by 4.3 percent in 2018, according to local real estate data, dropping from over $750,000 to under $718,000 in the north suburban market.
New listings are up by 1.2 percent to 1,459. However, the number of closed sales dropped from 628 in June 2017 to 605 last month – a decline of 3.7 percent, according to information from Midwest Real Estate Data compiled by the North-Shore Barrington Association of Realtors.
In Glenview and Golf, there were 273 detached single-family homes sold in 2018 as of the end of June. That’s down nearly 11 percent from the 306 homes sold at this point last year. At the same time, the median value of homes sold so far in 2018 was up 3.4 percent to $565,000.
For the north suburban housing market as a whole, the median sales price fell 8.1 percent, from $631,000 to $580,000 compared to last year. At the same time, the average listing price has increased by 4.4 percent, which has bumped up the ratio of listing price to final sale price to 93.7.
Overall housing supply in the area also fell. The inventory of 3,978 homes on the market was down by 2.5 percent compared to last year.
So far in 2018, there have been 2,553 detached single-family homes sold in the area and median sales prices are up 2.67 percent, according to NSBAR. The number of communities in the market that reported an increase in the number of June home sales slightly declined from 2017.
Real estate data from other North Shore towns compared to a year ago:
Deerfield
- 178 detached single-family homes were sold in 2018 so far, up 11.2 percent from last year.
- Median June 2018 sales price: $531,250, down 8.4 percent.
Evanston
- 228 detached single-family homes have been sold year-to-date, the same number sold at this point last year.
- Median June 2018 sales price: $559,500, up 5.3 percent.
Kenilworth
- 26 detached single-family homes were sold in 2018 to date, down 23.5 percent since last year.
- Median June 2018 sales price: $1,240,000, down 13.3 percent.
Glencoe
- 88 detached single-family homes were sold year-to-date, up 10 percent compared to last year.
- Median June 2018 sales price: $870,625, up 3.2 percent.
Highland Park
- 203 detached single-family homes were sold year-to-date, down 9.8 percent compared to last year.
- Median June 2018 sales price: $520,000, down 0.4 percent.
Highwood
- 10 detached single-family homes were sold year-to-date, down from 11 at this time last year.
- Median June 2018 sales price: $505,000, up 35.8 percent.
Lake Bluff
- 67 detached single family homes sold year-to-date, down 5.6 percent compared to last year.
- Median June 2018 sales price: $500,000, down 11.5 percent.
Lake Forest
- 140 detached single-family homes sold year-to-date, up 13.8 percent compared to last year.
- Median June 2018 sales price: $832,500, down 3.2 percent.
Lincolnshire
- 47 detached single-family homes were sold year-to-date, down 4.1 percent compared to last year.
- Median June 2018 sales price: $515,000, up 5.5 percent.
Lincolnwood
- 51 detached single-family homes were sold year-to-date, down 17.7 percent compared to last year.
- Median June 2018 sales price: $400,000, up 6.8 percent.
Morton Grove
- 129 detached single-family homes were sold year-to-date, down 10.4 percent compared to last year.
- Median June 2018 sales price: $330,187, up 1.6 percent.
Niles
- 115 detached single-family homes were sold year-to-date, down 1.7 percent compared to last year.
- Median June 2018 sales price: $318,000, up 2.3 percent.
Northbrook
- 203 detached single-family homes sold year-to-date, down 18.5 percent compared to last year.
- Median June 2018 sales price: $568,000, up 3.3 percent.
Northfield
- 36 detached single-family homes sold year-to-date, up 20 percent compared to last year.
- Median June 208 sales price: $583,000, down 13.6 percent.
Skokie
- 229 detached single-family homes have been sold year-to-date, down 3.8 percent compared to last year.
- Median June 2018 sales price: $345,000, up 6.5 percent.
Vernon Hills
- 103 detached single-family homes have been sold year-to-date, down 16.3 percent compared to last year.
- Median June 2018 sales price: $405,000, up 1.3 percent.
Wilmette
- 219 detached single-family homes have been sold year-to-date, up 9 percent compared to last year.
- Median June 2018 sales price: $820,000, up 13.9 percent.
Winnetka
- 122 detached single-family homes have been sold year-to-date, down 13.5 percent. The median sale price in June 2018 was $1,182,000, up 5.3 percent.
credit: patch.com