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Wilmette IL Real Estate May 2016

By
Real Estate Agent with Coldwell Banker 475.140531

The Wilmette IL Real Estate scene is really active as we see the market report for the month of April of 2016 as compared to 2015. Wilmette IL has a 55.3% change in closed sales of all property types and a Wilmette IL11.7% change in inventory of homes and condos. The Spring Real Estate market really went into full swing this month. To break it down further we have 7% less new listing of single family homes, 93 in April of 2016 and exactly 100 last year at this time. Under contract house sales are 15.1% less this month with 45 homes going under contract, April of 2015 had 53 properties. Closed sales for the month are up 63.3% at 49 properties, April of 2015 saw 30. The average sales price for a single family home in Wilmette is up 3.4% this month to $845,942 from $818,417. Interestingly the average market time is up 59.2% to 113 days from 163 days in April of 2015.

The condominium scene in Wilmette is small. There just is not many properties available. New listings are up 12.5% with 9 condos coming on in April of 2016 as compared to 8 in the same time frame last year. Under Contract condos are up 10% from 10 last April to 11 this month. Closed sales are up 25% with 10 condo sales completed in April of 2016 and only 8 last year in April. The average market time is down 57.2 days 71 days, last April the number was 166 days. What a big change as compared to homes sales. The average sales price for a condo is up 25.9% from $331,625 in April of 2015 to $417,600 this April.

If you want to see the latest inventory click Wilmette IL Homes for sale and if you are interested on Condos, Wilmette IL Condos for sale. This is a direct connection to the Multiple Listing Service (MLS) and updated on the fly.

If you want to learn about the Wilmette IL Schools click the link and access school district 39. The high school is New Trier East one of the best in the country.

If you have any questions about Wilmette IL Real Estate or the community in general please feel free to contact us at Coldwell Banker Wilmette. 

Understanding your Expectations and Exceeding them

Coldwell Banker Wilmette

(800) 858-7917

Wilmette Il Real Estate May 2016

Comments(10)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Nah again a area that is up 3.4% there.  What are you doing to make it go up so much.  Good report.

May 18, 2016 10:23 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Noah

You've shared some terrific information here on the Wilmette housing market. There clearly ios a lot going on there in the real estate market. Buyers and sellers should be in touch with you with questions and to get your assistance!

Jeff

May 18, 2016 10:27 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Thanks Jeff Dowler CRS & Will Hamm 

May 18, 2016 10:33 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Great report in a great market Noah Seidenberg , I'll bet your skills are part of the reason it's so hot.

May 18, 2016 10:56 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Noah this is a fantastic and very detailed market report for Willmett IL - very impressive.  You are the local expert and then some - just saying!

May 18, 2016 11:02 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Noah.  Great information for those who want to keep informed about the Wilmette IL real estate market.

May 18, 2016 08:47 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Noah Seidenberg Thank you for taking the time to share this vital information.  Thi sis perfect for buyers and sellers alike.  Very informative, and very professional!  Well done!

May 18, 2016 09:24 PM
Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will certainly appreciate your local real estate market reports.

May 18, 2016 11:53 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Noah --- you have shared lots of valuable information regarding the current Wilmette IL real estate market.   Your insight and experience will serve buyers and sellers who contact you for representation.  

May 19, 2016 12:59 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Noah - Great market report - very thorough and it's nice to see listings up. I wish they were here.

May 19, 2016 01:46 AM