November Market Stats for Winnetka, Wilmette, Kenilworth and Glencoe

By
Real Estate Agent with Baird & Warner Real Estate

Sold House SignI was curious to see how much the tax credit would affect sales in Winnetka, Wilmette, Kenilworth and Glencoe.  As it applied to first time home buyers (or buyers who had not bought for three years) and with income restrictions I did not think it would have much of an impact.

Basically, I was right, with the exception of Wilmette which posted 32 sales for the month of November.

Here's how everything panned out for November closed sales:

Winnetka

8 sales

Total $ Volume:  $8,083,500

Median Price:  $871,250

Average Price:  $1,010,438

 

Wilmette

32 sales

Total $ Volume:  $24,798,050

Median Price:  $620,000

Average Price:  $1,585,000

 

Kenilworth

No sales

 

Glencoe

8 Sales

Total Dollar Volume:  $6,023,471

Median Price:  $584,736

Average Price:  $752,934

 

Northfield

4 sales

Total Dollar Volume:  $3,818,000

Median Price:  $954,500


So an amazing uptick in sales in Wilmette, with 9 of the sales under $500,000 and 9 sales over $1,000,000. Wilmette has the largest in population of these villages, and offers a wide swing in prices so I believe some of these sales can be attributed to the housing tax credit.

The tax credit has now been expanded until April, with closing allowed until the end of June. Some of the rules have changed and have been expanded to include all buyers, not just first time home buyers, but there are still income restrictions.

If you would like more information about the housing tax credit, please give me a call.

 

 

 

 

Posted by

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

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