April Housing Sales for Winnetka, Wilmette, Kenilworth, Glencoe and Northfield The Federal tax rebate that expired at the end of April was not instrumental in the final tally of sales in Winnetka, Wilmette, Kenilworth, Northfield, and Glencoe. One positive change is that the list price to sale price ratio has increased, except for Winnetka where homes are still going on the market priced too high.
The average list price/sell price ratios were:
Winnetka: 72% of asking price (12 closed sales)
Northfield: 78% of asking price (6 closed sales)
Kenilworth: 84% of asking price (2 closed sales)
Glencoe: 84% of asking price (5 closed sales)
Wilmette: 86% of asking price (16 closed sales)
Here are the actual sales by Village:
Winnetka
714 Cherry - $714,000 list price, $495,000 sell price - 69% of ask price
415 Maple - $635,900 list price, $563,500 sell price – 88% of ask price
1046 Vine - $799,000/$690,000 – 86% 874 Sheridan - $1,389,000 list price, $785,000 sell price – 56% of asking price!
1094 Pine - $1,229,000/$940,000 – 76%
11 Longmeadow - $2.2M/$1,075,000 – 48% of asking!
620 Spruce - $1,395,000/$1,187,000 – 85% of asking
394 Chestnut - $1,299,000/$1,250,000 – 96% of asking
156 Sheridan - $2.4M/$1,425,000 – 59% of asking
926 Oak - $2,099,000/$1,435,000 – 68% of asking
334 Woodland - $2,895,000/$1,600,000 – 55% of asking
75 Locust - $2,350,000/$1,760,000 –75% of asking
Winnetka average list price to sell price ratio for April was 7
Northfield
522 Happ - $499,913 list price, $365,000 sell price, 73% of ask price
505 Happ - $710,000/$570,000, 80% of asking price
23 Regent Wood - $775,000/685,000, 88% of asking price
375 Maple Row - $1,200,000 list price, $847,500 sell price, 70% of ask price
615 Thornwood - $1,200,000/$900,000 – 75% of ask price
45 Meadowview - $3,200,000 list price, $2,630,000 sell price, 82% of ask price
Northfield average list price to sell price ratio for April was 78%
Kenilworth
621 Brier - $969,000 list price, $838,000 sell price, 86% of ask price
380 Sterling - $1,495,000 list price, $1,230,000 sell price, 82% of ask price
Kenilworth average list price to sell price ratio for April was 84%
Wilmette
1216 Princeton - $375,000 list price, $345,000 sell price, 92% of ask price
1121 Lake - $399,000 list price, $350,000 sell price, 88% of ask price
332 Romona - $495,000 list price, $395,000 sell price, 80% of ask price
237 Sunset - $395,000 list price, $416,700 sell price, 1.05% of ask price!!
2540 Marian - $525,000 list price, $525,000 sell price, 100% of ask price!!
2815 Lake - $629,500 list price, $541,500 sell price, 86% of ask price
2511 Wilmette - $619,000 list price, $542,500 sell price, 88% of ask price
1704 Walnut - $619,000 list price, $560,000 sell price, 90% of ask price
328 Sheridan - $1,050,000 list price, $680,000 sell price, 65% of ask price
823 Westwood - $735,000 list price, $695,000 sell price, 95% of ask price
3139 Walden - $740,000 list price, $740,000 sell price, 85% of ask price
2238 Iroquois- $1,210,000 list price, $800,000 sell, 66% of ask price
1018 Cherokee - $1,049,000 list, $860,000 sell, 82% of ask price
717 Elmwood - $1,785,000 list price $1,565,000 sell price, 88% of ask price
3 Canterbury - $6.9 million list, $4.75 million sell price, 68% of ask price
Wilmette average list price to sell price ratio for April was 86%
Glencoe
379 Bluff - $625,000 list price, $578,750 sell price, 93% of ask price
143 Timber - $1,099,000 list price, $700,000 sell price, 64% of ask price
349 Madison - $1,095,000 list price, $975,000 sell price, 89% of ask price
169 Harbor - $1,449,000 list price, $1,150,000 sell price, 79% of ask price
231 Fairview - $3,350,000 list price, $3,250,000 sell price, 97% of ask price
Glencoe average list price to sell price ratio for April was 84%
The best ratio was in Wilmette at 86% - I don’t know the national average, but in discussing this topic with agents all across the country, it is probably around 95%. Since I am a broken record on this subject, I will say it again: overprice your home and you will ultimately get less for it.
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