It's a mixed bag of results for market statistics for the various villages in the North Shore. Wilmette's average price sale and number of sales rose over May of 2013, but in Winnetka sales were down but prices were up.
Kenilworth's market is very low in total number of sales (just 1 in May) despite having a large inventory. Both Glencoe and Northfield had higher number of sales than last year, with Glencoe's average price remaining stagnant, and Northfield's average price going down.
All this tells me that the market is off-balance. As I've said month after month, homes in top condition that are priced to sell, sell very quickly. Everything else continues to sit and accrue market time. These ups and downs in prices will continue monthly.
North Shore Real Estate Market Report
May 2014 (single family homes)
Wilmette | Winnetka | Kenilworth | Glencoe |
Northfield |
|
# of Sales | 42 | 28 | 1 | 14 | 8 |
Avg. Sold Price | $930,700 | $1,578,000 | $1,440,000 | $1,087,000 | $673,000 |
Avg. % Ratio (list to sell based on last price) |
97% | 93% | 90% | 94% | 95% |
Avg. Days on Market | 77 | 95 | 246 | 166 | 65 |
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