What's Your Kenilworth Home Worth - Real Estate Market Report 2014

By
Real Estate Agent with Baird & Warner Real Estate

The first six months of 2014 clearly show that there was a lack of inventory in Kenilworth.  I know that Kenilworth 2014 Market Reportin May many new homes were listed that helped to alleviate that problem, but the comparison of 2013 to 2014 confirms a dearth of homes for sale.

 

Mid Year Kenilworth Real Estate Market Report 2014 (with 2013 numbers in red)

Homes sold:  18 (27)

Average list price:  $1,542,000 ($1,401,000)

Average sold price:  $1,423,000 ($1,309,000)

List price to sell price ratio:  92% (93%)  (based on final reduced asking price)

Average days on market:  117 (148)

There were 33% fewer homes sold in 2014 and those homes sold for an average of 12% higher than 2013. That demonstrates a seller's market with an added "ouch" of fewer homes for sale (the "ouch" being for buyers looking to purchase a home in Kenilworth.)

None of the homes sold during the first half year were foreclosures or short sales.  There was just one short sale in Kenilworth in the first half of 2013.

 

Current Real Estate Market in Kenilworth

Homes for sale:  39

Low price:  $578,000

High price:  $8,950,000

Homes under contract:  5

Homes pending:  2 (all contingencies have been cleared.)  

 

See all Kenilworth homes for sale

 

 

 

Real estate transactions are complicated.  For professional representation whether you are selling your Winnetka or Northfield home, or are planning to move here, please call me today 847-977-6024

 

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.

Looking for a knowledgeable Illinois Realtor?  Google me! 
 

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Rainmaker
699,833
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

That's a huge difference from last year. Hope it gets better in Kenilworth soon, Margaret.

Jul 09, 2014 01:29 AM #1
Rainer
198,983
Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great market report, thanks for sharing.

Have a Big day,

Randy

Jul 09, 2014 02:30 AM #2
Rainmaker
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Margaret, you have a very concise market report for the Chicago North Shore in Kenilworth and it is telling anyone who is thinking of selling their  home in Kenilworth need to act now and call Margaret Goss!

Jul 09, 2014 05:20 AM #3
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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