Kenilworth Real Estate
There were 5 home sales in Kenilworth last month - selling between $549,000 and $2,450,000.
Average List Price: $1,241,000
Average Sold Price: $1,217,612
List Price to Sell Price Ratio: 98%
Average Market Time: 16 days
Currently on the market: 38 homes
Lowest Priced: $799,000
Highest Priced: $8,950,000
Under Contract: 21 homes
Kenilworth is small so total number of sales is usually low - however, the numbers are very strong. Kenilworth's homes have sold for 98% of asking price with an average market time of 16 days - stupendous! Several years ago, homes languished on the market here for years. Home sellers are pricing more sensibly and buyers are responding.
The market has continued to be robust - there are still multiple offers and properly priced homes sell quickly. Some sellers have returned their homes to market at higher prices than last year. This hasn't seemed to hurt them as the homes have mostly sold for more than what they were listed last time.
I have also noticed that appraisals have been spot on this year - something that has been a problem for for a while.
New homes are still entering the market in hopes of selling before school starts again. And if those multiple offer buyers that were aced out on previous homes are still looking, those homes will sell quickly as well.