2013 was the comeback year for local real estate. The comeback was slow and steady with increasing prices and demand in Winnetka and other North Shore villages. There were multiple offers and many homes sold 
quickly - it was definitely a seller's market.
I foresee more homes coming on the market in Winnetka, Wilmette Kenilworth, Glencoe and Northfield in 2014 as sellers adjust to the new dynamic - it's not so scary anymore to list your house for sale!
Here is how 2013 compared to 2012 in numer of houses sold, the average sold price, the ratio of the list price to the final sell price and total number of days the house was on the market.
|
2013 # Sold |
2012 # Sold |
2013 Avg. Sold Price |
2012 Avg. Sold Price |
Ratio of List to Sell Price 2012/2013 |
Days on Market 2012/2013 |
|
| Houses | 897 | 792 | $1,010,600 | $948,135 | 93%/89% | 89/147 |
| Condos | 195 | 161 | $309,700 | $292,100 | 90%/85% | 180/245 |
All across the board, the numbers are much improved for 2013 over 2012. Homes prices rose an average of 6% and condos closer to 7%.
The "spring" market has begun (I know, sounds silly with temps predicted to be in the minus) and new homes are already coming on the market. Make sure your home is in top condition and priced right on the dot and you'll be a successful 2014 seller!
For more information, or to get a home appraisal, please call or text me: 847-977-6024.
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