January Home Sales in Winnetka, Wilmette, Kenilworth and Glencoe
WHAT IS HAPPENING IN WINNETKA, ILLINOIS???
I can't figure it.
Take a look at the list vs. SOLD stats published by Margaret for her market area.
Our market states show list vs. SOLD of from about 90% to about 95%.
70% list vs. SOLD???? Unbelievable.
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January home sales in Winnetka, Wilmette, Kenilworth, and Glencoe were not large, but it's January after all. Everyone's waiting for the Super Bowl, right? And since that happened last night . . .
Well, here are the stats:
Winnetka (9 sales)
509 Elder- listed at $775,000, sold for $550,000, 302 days on market, 71% of list price
1151 Laurel - listed $1,200,000, sold $862,500, 116 days on market, 72% of list price
900 Forest Glen - listed $1,395,000, sold $1.1M, 68 days on market, 72% of list price
625 Hill - listed $1,225,000, sold $1,125,000, 58 days on market, 92% of list price
1010 Mt. Pleasant - listed $2.2M, sold $1.5M, 464 days on market, 68% of list price
1144 Tower - listed $2,249,000, sold $1.6M, 215 days on market, 71% of list price
303 Woodley - listed $2,795.000, sold $1.9M, 653 days on market, 68% of list price
741 Prospect - listed $2.950M, sold $2.1M, 623 days on market, 7% of list price
1025 Starr - listed $4.1M, sold $3.4M, 128 days on market, 83% of list price
With just a few exceptions, most Winnetka homes sold for abut 70% of original list price which tells me that sellers are still too optimistic about pricing. Ultimately, the house stays on the market for longer and sells for less than if priced correctly to start with.
Wilmette (13 sales)
704 Lamon - listed for $349,000, sold for $260,000, 207 days on market, 74% of list price
237 Vista - listed $329,000, sold $267,882, 90 days on market, 81% list price
1000 Manor - listed $525,000, sold $327,500, 374 days on market, 62% of list price
302 Wilshire - listed $395,000, sold $355,000, 118 days on market, 90% of list price
519 Leamington - listed $379,000, sold $362,750, 14 days on market, 96% of list price
804 Lacrosse - listed $449,000, sold $380,000, 79 days on market, 85% of list price
1624 Lake - listed $549,000, sold $390,000, 567 days on market, $71% of list price
1322 Washington - listed $599,000, sold $515,000, 229 days on market 86% of list price
1010 Knoll - listed $999,000, sold $843,000, 472 days on market, 84% of list price
2133 Beechwood - listed $1.150M, sold $847,000, 269 days on market, 74% of list price
1539 Walnut - listed $989,000, sold $867,500, 90 days on market, 88% of list price
2501 Kenilworth - listed $1.295M, sold $1.066M, 270 days on market, 82% of list price
415 Laurel - listed $1.325M, sold $1.269M, 96 days on market, 96% of list price
The list to sell ratio is higher in Wilmette, at 83% of list price.
Glencoe (9 Sales)
105 Linden - listed $499,900, sold $380,000, 179 days on market, 76% of list price
1180 Terrace - listed $649,000, sold $500,000, 112 days on market, 77% of list price
199 Sheridan - listed $679,900, sold $655,000, 17 days on market, 96% of list price
925 Skokie Ridge - listed $849,000, sold $677,500, 266 days on market, 80% of list price
496 Woodlawn - listed $895,000, sold $760,000, 31 days on market, 85% of list price
128 Linden - listed $885,000, sold $815,000, 159 days on market, 92% of list price
1157 Skokie Ridge - listed $1.885M, sold $1.140M, 366 days on market, 60% of list price
605 Skokie Lane - listed $2.295M, sold $1.650, 267 days on market, 72% of list price
345 Sunrise - listed $4.275M, sold $2.9M(!), 1016 days on market (!!), 68% of list price (!!!)
Glencoe's ratio is all over, with a high of 92% list/sell ratio, down to 60%
Kenilworth - 3 sales)
632 Wayland - listed $595,000, sold $470,000, 197 days on market, 79% of list price
557 Melrose - listed $799,000, sold $685,000, 134 days on market, 86% of list price
369 Sterling - listed $2.350M, sold $1.835M, 398 days on market, 78% of list price
Northfield (2 Sales)
200 Wagner - listed $799,000, sold $540,000, 222 days on market, 68% of list price
422 Sunset Ridge - listed $1.495M, sold $798,000, 764 days on market, 53% of list price
Not bad overall for a cold and dark January. I predict sales will continue to go up over the next 6 months as buyers take advantage of low interest rates, stagnated prices, and possibily the federal housing rebate.
Search the MLS for all homes at:
Margaret Goss GRI, CRS
Baird & Warner, Winnetka IL
847-977-6024 (cell)
www.CallMargaret.com (website)
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