2013 was the comeback year for local real estate. The comeback was slow and steady with increasing prices and demand in Winnetka and other North Shore villages. There were multiple 
offers and many homes sold quickly - it was definitely a seller's market.
I foresee more homes coming on the market in Winnetka in 2014 as sellers adjust to the new dynamic - it's not so scary anymore to list your house for sale!
Here is how 2013 compared to 2012.
|
2013 #Sold |
2012 #Sold |
2013 Avg. Sold Price |
2012 Avg. Sold Price |
Ratio of list to sell price 2013/2012 |
Days on Market 2013/2012 |
|
| Houses | 248 | 208 | $1,350,000 | $1,288,000 | 93%/88% | 93/173 |
| Condos | 29 | 30 | $370,000 | $354,000 | 93%/84% | 155/197 |
The 2013 numbers are improved across the board. Home prices rose 5% and condos 4.5%, and selling times were much shorter, particularly for single family homes.
The spring market has begun (I know, sounds silly with minus temps coming soon) and new homes are already coming on the market. Make sure your home is in tip-top condition and priced right on the dot, and you'll be a successfull 2014 home seller.
For more information or to get a home appraisal, please call me at 847-977-6024.
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