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Kenilworth Real Estate Snapshot January 2017
In January the weather is usually predictably cold - but not this year.  The fine weather has brought out many buyers as well as new listings (and old ones) entering the market.  Kenilworth has had high inventory for a while but Joseph Sears School is still a huge draw to people wanting an excellent school that encompasses K-8th grade.
What does the Kenilworth real estate market look like today:
Homes for sale:  39
Low price:  $599,900
High price:  $7,749,000
Median price:  $1,725,000
Under contract and pending homes:  8
Absorption rate:  9.5 months (buyer's market)
 
How were Kenilworth home sales in 2016?
Total homes sold:  51 
Low price:  $440,000
High price:  $4,000,000
Median price:  $1,200,000
 
 
What were the most popular price ranges in Kenilworth home sales in 2016:
To fine tune these numbers further, the most sales occured like this:
17 homes sold for under $1 million 15 sold between $1-1.5 million 19 homes sold over $1.5 million  
One issue I noted is that the median asking price for a Kenilworth home is $1,725,000 but the median sold price is $1,200,000. The numbers don't lie and I predict that list prices will need to come down more.
More Kenilworth information:
See Kenilworth homes for sale under $1 million
Kenilworth homes priced between $1-2 million
Kenilworth homes over $1 million
 
To CONTACT Margaret ... more

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