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Kenilworth, IL Housing Report - Home Sales 2012
Kenilworth, IL Housing Report Home Sales 2012     The news is coming at us from all sides, proclaiming, "Real Estate Market Comeback" or "Home Prices Increase."  Yes and no. As we know by now, real estate is very, very local and national trends may be quite different from what is happening here.  I just returned from a trip to Los Angeles where the market is hot, inventory is low, and multiple offers are common.  Lots of disappointed buyers. Our market in Kenilworth and the North Shore is holding steady - although the price drop in Kenilworth was dramatic at 25%.  Total sales were slightly up and list to sell price ratios were the same.  It's always tricky to gauge trends in Kenilworth because it's a small village and there are fewer sales from which to draw from.  Just a few skewed prices can skew the entire year's numbers.
Sales of single family homes in Kenilworth  decreased from 35 to 31 but prices, as mentioned above, fell.  There were no condo sales in 2011 with which to compare.

While the differences were not great between 2012 and 2011, it is definitely not a pure buyer's market anymore.  Homes that ... more

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