Yes! If the long recession had anything to do with it - I would say that the majority of homes being listed on the North Shore now are more realistically priced. In 2011, sellers were seeing huge discounts from their original list prices. It was not uncommon to see them as low as 75-80%.
As you can see from this chart, the ratios have improved. Kenilworth showed the biggest improvement from a dismal low of less than 82% to the current 92%.
Next is Glencoe which went from 85% of asking price in 2011 to 92% today.
Winnetka has improved from 87% to 93% of ask price.
And finally, Wilmette, the most steady and reliable of our villages when it comes to real estate sales, improved its ratios from 89% to 93%.
The recession took the bloom off the rose and while I can easily say there are still many overpriced homes on the market, the general trend is that sellers are motivated to price more realistically.
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