Wilmette Real Estate Market Report August 2013

Another strong month for Wilmette home and condo sales:

Single Family Homes:

Total number of sold homes:  44                                          

Average list price:  $726,500

Average sale price:  $705,000

Ratio of list to sell price:  96%

Average days on market:  30

Currently for sale:  97 homes

Least expensive:  $279,000

Most expensive:  $4,950,000

Contingent:  34 homes

Pending Sales:  22

Condos:

Total number of sold condos:  9

Average list price:  $454, 500

Average sale price:  $431,500

Ratio of list to sell price:  95%

Average days on market:  219

Currently for sale:  35 condos

Least expensive:  $99,000

Most expensive:  $1,200,000

Currently under contract:  17

Pending sales:  5

Days-on-market for houses was an average of 30 days which strongly indicates a seller's market.  However, condo sales are still dragging at an average of 219 days.