Kenilworth, IL Housing Report - Home Sales 2012

Real Estate Agent with Baird & Warner Real Estate

Kenilworth, IL Housing Report

Home Sales 2012
Kenilworth, IL Housing Report 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.

  Sold Homes
2012     2011
Avg. Sell Price
2012      2011
Days on Market
2012      2011
% of List to Sell Price
2012        2011
Homes 31   35 $1,244,000  $1,713,000 251    236 91%    91%
Condos       3     $522,000       239           94%

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 are priced properly and in good condition will sell quickly, sometimes with multiple offers.  Buyers are ready to go and are usually pre-approved for a loan.  

Are you getting ready to move in 2013?  Call me anytime with questions or thoughts - I would be happy to meet with you and discuss the Kenilworth real estate market.

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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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Margaret, You are so right that Market information is totally local. We actually vary from one subdivision to another.

Jan 06, 2013 03:41 AM #2
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Barbara - thanks - it's always good to wrap up the year

Connie - I understand that - I can see differences between streets!

Jan 06, 2013 03:45 AM #3
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Margaret,  always enjoy viewing information on other communities.  Thanks for sharing with us.

Jan 06, 2013 05:16 AM #4
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Ronald - you're welcome.  I like seeing stats in other areas as well.

Jan 06, 2013 06:16 AM #5
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Margaret, I'm happy to see things are on the rise in IL. I know you've had some tough times. Onward and upward for 2013.

Jan 06, 2013 01:41 PM #6
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Love the nice big homes in Kenilworth, remember passing by them on the train to Chicago.

Lived briefly in Lake Forest, IL.

Jan 06, 2013 03:54 PM #7
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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