This may be hard to wrap your mind around given the state of the real estate industry, but we actually do not have enough houses to sell in some parts of the North Shore!
Our team has three ready, willing and able buyers who cannot find a home to buy. And we know that some of the other agents in our office are having the same problem.
The data supports what we are seeing: Wilmette’s inventories are at their lowest point in over two years. At 6.3 months supply of homes, we are actually in what is considered a “balanced” market (neither a buyer’s market nor a seller’s market). And at some popular price points there is almost no inventory. For example, there are currently only three homes for sale between $700,000 and $799,999 and only five between $800,000 and $899.999 in Wilmette.
Which made us wonder how many potential North Shore sellers are out there who are waiting until the beginning of the year to put their homes on the market or who are not even considering listing their homes because they don’t think anyone is buying.
Here are the types of homes our buyers are looking for:
- In Wilmette: A three bedroom (plus office), 2+ bath home east of Ridge Rd. around $750,000.
- In Harper School neighborhood of Wilmette: a newer construction, 4+ bedroom home between $1-1.5 million.
- In Winnetka, Kenilworth or Wilmette: a large, newer construction home between $1.5 and $2.5 million.
- In Wilmette or nearby: a 3-4 bedroom condo or townhome to rent for six months.
So if you have a home that fits one of these descriptions, and you would like to sell, please let us know! We might just have a buyer for you. We can be reached at 847-881-6657 or by email. If you are looking to buy, you can search for homes here.
(Originally posted at www.NorthShoreViews.com)
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