Kenilworth Real Estate - Home Sales for May, 2013

By
Real Estate Agent with Baird & Warner Real Estate

Kenilworth Real Estate

Home Sales for May, 2013
 
Kenilworth Home Sales in May 2013


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.

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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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Thanks for the photo in your post for a market report.  How else can a viewer understand a market report??

I have a suspicion that consumers think that too.

List to SOLD is good to know but doesn't mean anything without photos.

Jun 04, 2013 06:08 AM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Margaret - Thank you for the very good information about Kenilworth, Illinois real estate home sales for May, 2013.

Jun 04, 2013 08:21 AM #2
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good information for home buyers and home sellers. Have a most productive month.

Jun 04, 2013 09:52 AM #3
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Margaret, great report, and nice to see you are enjoying a robust market, and selling in just 16 days is quick!

Jun 05, 2013 11:32 PM #4
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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