winnetka north shore luxury homes: Winnetka and North Shore Year-End 2016 Luxury Home Market Report
- 01/05/17 02:04 PM
Luxury homes are defined by their local marketplace. Depending on the town, $2,000,000 to $2,500,000 would be considered the starting price for a luxury home in the Chicago North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield.
The sales of luxury homes in 2016 looked like this:
The average market time for these homes to sell in 2016 was 262 days - however 4-bedroom homes priced above $2,500,000 took 338 days. The average list to sell price ratio (based on original price) was 89%.
I've also shown the current inventory of luxury homes plus the absorption rate of those homes. Remember, the absorportion … (2 comments)
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Luxury homes are defined by their local marketplace. Depending on the town, $2,000,000 to $2,500,000 would be considered the starting price for a luxury home in the Chicago North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield.
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