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Winnetka & North Shore Real Estate Market Report - May 2014

By
Real Estate Agent with @Properties

It's a mixed bag of results for market statistics for the various villages in the North Shore.  Wilmette's North Shore Real Estate Market Report May 2014average 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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Winnetka and North Shore Real Estate Broker
Specializing in homes for sale in Winnetka, Wilmette, Kenilworth, Northfield, Glencoe, Glenview, Northbrook, and Evanston.

Comments(2)

Broker Patty Da Silva Da Silva
Green Realty Properties® - 954-667-7253 - Cooper City, FL
Top Listing Broker

Interesting blog Margaret. Thanks for sharing, have a wonderful day!

Jun 05, 2014 03:19 AM
Margaret Goss
@Properties - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

Hi Patty - interesting in that the numbers are all over the place!

Jun 06, 2014 12:34 AM