wilmette market report: Wilmette IL 1st Quarter Real Estate Report 2015
- 04/22/15 03:40 AM
As you will see below, the trend this 1st quarter over the same time period in 2014 is that fewer homes sold - but the prices have gone up. This is not news in Wilmette because the real estate market there has been very hot for over a year. What is startling is how high prices have risen!
Notice the price increase of Wilmette homes from an average of $693,000 in 2014 to $907,000 in 2015. That is almost a 31% increase in price. I know that our office listed a smaller home that needed some work and received 7 offers.
I … (0 comments)
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wilmette market report: Wilmette Real Estate Market Report - Year to Date 2013
- 08/05/13 07:38 AM
Wilmette Real Estate Market Report - Year to Date 2013 It's been a good year to sell your house in Wilmette - overall sales have increased and home prices have gone up along with them. It was bound to happen - there was pent up buyer demand from several years of a drought real estate market.
Sales were quick with many homes having at least two offers, some with many more. Buyers were ready with loan approvals in hand and a determined disposition to buy. Rates were below 4% for most of the year until June when they crept up into … (0 comments)
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wilmette market report: Wilmette, IL - January 2013 Real Estate Market Report
- 02/13/13 01:31 AM
Wilmette, IL January 2013 Real Estate Market Report January is never a blockbuster month, particularly with the current low inventory that we have in Wilmette. But week-by-week, that inventory is building up - and well-priced homes are flying off the shelves, sometimes with multiple offers. Wilmette had 11 single family homes sell in January and 8 condos. For the homes, average market time was a very low 54 days which is excellent ( see above for reason.) That number indicates a seller's market which has not been seen for many years. Condos took longer to sell at an average of … (1 comments)
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wilmette market report: Wilmette Real Estate Market Report - November 2012
- 12/04/12 05:35 AM
Wilmette Real Estate Market Report November 2012 The market is beginning its annual end-of-year slow down but there are still lots of buyers looking for homes. I just put a listing under contract this weekend for a 2013 close. Inventory is low and well-priced homes are not taking long to sell. Prices have not risen - rather they are just flatlined for now. Here are the statistics for Wilmette: Sold Homes: 14 Average List Price: $663,200 Average Sell Price: $623,743 List to Sell Price Ratio: 94% Average Days on Market: 57 The list to sell price ratio is excellent … (2 comments)
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As you will see below, the trend this 1st quarter over the same time period in 2014 is that fewer homes sold - but the prices have gone up. This is not news in Wilmette because the real estate market there has been very hot for over a year. What is startling is how high prices have risen!
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