Once or twice a year I like to get really granular with the data and go to the neighborhood level to get a good picture of what’s going on in a given community. Wilmette is among the more diverse communitities when it comes to housing stock, with prices generally going up as you travel west to east. Despite the variety in housing stock, the good news is that all neighborhoods saw a dramatic increase in home sales in 2012 vs. the previous year. Avoca was up the most, with an increaae of 125%, followed by Central (+117%), Romona (+100%), Harper (+97%) and McKenzie (+70%).
Price improvement has lagged sales everywhere. Median prices were up slightly in all neighborhoods except Central, while average prices stayed mostly flat. Market time decreased in all neighborhoods except Romona, with the shortest average time on market in McKenzie.
Wilmette Sales by Elementary School – 2012
Source: MRED LLC- Data for single family homes. Deemed reliable but not guaranteed
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