As you will see below, the trend this 1st quarter over the same time period in 2014 is that fewer homes sold - but the prices have gone up. This is not news in Wilmette because the real estate market there has been very hot for over a year. What is startling is how high prices have risen!
Notice the price increase of Wilmette homes from an average of $693,000 in 2014 to $907,000 in 2015. That is almost a 31% increase in price. I know that our office listed a smaller home that needed some work and received 7 offers.
I have been writing for over a year about the strength of the Wilmette real estate market over other local villages. Wilmette is larger, more diverse, and less expensive (probably not for long) than Winnetka, Kenilworth, or Glencoe.
It took slightly longer to sell those homes but the list price to sell price ratio improved.
As far as the Wilmette condo market, it's almost the same story. Fewer units sold but the prices increased by an average of 3.4%. The ratio of list to sell price also improved, as did the the average days on market.
If are thinking of selling your Wilmette home, call me (847-977-6024) for expert advice. I know my numbers!
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