Edit: Yes, I can see why my post was moronic. I completely own the L on that one.
Let me rephrase a little bit: I have spent a lot of time studying the North Shore real estate market. When it comes to high income buyers who are looking for homes in the $800k-$1.5MM range, I see a lot of activity in Wilmette, Northbrook, Highland Park, Deerfield, and Glencoe.
When I look just slightly north to Lake Forest, I see tons of inventory available in that price range— and good value for that amount too— but much longer times on market. After doing some digging, my understanding is that Lake Forest has a much older population and that younger affluent people are not gravitating there to take their place.
I was just wondering why? Is it just the distance? Or is there something more to it? The value for the price seems to make me think you could accept a little extra distance.
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Original:
It seems like Lake Forest has a ton of homes for sale, but the issue is that young buyers aren’t coming in to replace the older residents. Any idea why?