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Winnetka & North Shore August 2015 - Real Estate Market Report

By
Real Estate Agent with @Properties

August is fairly quiet in real estate time for new listings - but there are a lot of closes before the start of school.  

Two things jumped out at me regarding the statistics below.  One point is that days-on-market for listings is considerably lower than it used to be - with the exception of Kenilworth.  Northfield has had real estate difficulties but I attest that to the Willow Road project which is now COMPLETE!

The other thing I see is that the list price to sell price ratio is at 93% for Winnetka (pretty decent) and 84% in Kenilworth (not so good.)  I saw lots of overpriced homes in the spring and in the summer the hens came home to roost with the resulting low list price to sell price ratio.

August Closed Sales Report

 

Real Estate Market Report - Winnetka & North Shore August 2015

 

Current Market Statistics Report

 

Real Estate Market Report Winnetka & North Shore August 2015Under contract = contingencies still active

Pending - contingencies cleared

 

 

 

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Winnetka and North Shore Real Estate Broker
Specializing in homes for sale in Winnetka, Wilmette, Kenilworth, Northfield, Glencoe, Glenview, Northbrook, and Evanston.

Comments(3)

Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Margaret Goss I enjoyed reading this report.  I'm noting slight changes to Dallas homes priced from $700,000 to multiple seven figures.  Some sellers have been aggressive to the high side in pricing their homes.  That's leading to price reductions that we have not seen for a while. 

Sep 01, 2015 07:27 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Sharon Parisi - yes, too much "agreesive to the high side" in this area.  Looks like many sellers thought it was still a seller's market, but I've been writing about it being more neutral, or even tilting toward a buyer's market (at least here.)

Sep 01, 2015 08:07 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Margaret Goss   I think we are moving toward a more balanced luxury home market in Dallas. It's interesting to note the sales stats of homes by subdivision, suburb and price.  Each sector has its own story.  May all our markets stay healthy!

Sep 01, 2015 10:19 AM