Kenilworth IL Real Estate Summary 2015

By
Real Estate Agent with Baird & Warner Real Estate
https://activerain.com/droplet/4MBr

One of the most surprising statistics I found for 2015 North Shore home sales was in Kenilworth.  Notice Kenilworth IL Real Estate Summary 2015in the graph below the difference between the average sale price of 2014 vs. 2015.  That's a prodigious increase of 26%!  There were fewer sales which meant less inventory and the resulting increase in average home prices.  There was nothing in the numbers to indicate that one errant sale threw the numbers off.  Good news after years of stagnation.

 

 

 

 

Kenilworth Real Estate Summary 2015

 

Here is the complete list of home sales in Kenilworth in 2015:

 

Kenilworth IL Real Estate Summary 2015

Kenilworth IL Real Estate Summary 2015

Kenilworth IL Real Estate Summary 2015

Currently, the Kenilworth real estate market looks like this:

Homes for sale:  39
Lowest price:  $799,000
Highest price:  $3,950,000

Homes under contract:  4

Absorption rate* 12 1/2 months - a buyer's market
(the absorption rate is the time it would take for all existing inventory to sell if no new homes came on the market.  It's an indicator of what kind of market a particular area has.  If the rate is over 6 months, the town is currently experiencing a buyer''s market.)

 

See all homes for sale in Kenilworth

 

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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Illinois Cook County Kenilworth
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Rainmaker
571,624
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Margaret,
Good news about any market area is welcome. I wonder if it is because sellers are updating their houses?

Jan 08, 2016 04:54 AM #1
Rainmaker
1,142,996
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

David Gibson - Kenilworth has some of the oldest homes in the area.  They seem to be either in their original condition or completely remodeled.  But the updated ones always sell faster.  

Jan 08, 2016 05:15 AM #2
Rainmaker
3,143,016
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Margaret Goss These are very valuable real estate stats for Kenilworth, Illinois.

Jan 08, 2016 10:27 AM #4
Rainmaker
4,484,338
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Margaret, that is a huge increase from the previous year.   Hope this trend contineus into 2016.

Jan 08, 2016 11:14 PM #5
Rainmaker
1,142,996
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

John Pusa - thank you!

Joan Cox - so do I - thank you!

Jan 09, 2016 02:35 AM #6
Ambassador
4,324,471
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Margaret

That is quite an impressive shift in the market from 2014 in terms of average sales price, yet marketing time increased. The bulk of the sales are ove $1M which certainly tells you something!

Jeff

Jan 18, 2016 06:47 AM #7
Rainmaker
1,142,996
Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

HI Jeff - 

Kenilworth is a tough market to analyze because it's tiny and while prices vary, most homes are very much in the luxury market.  

(and thank you for your note - very perceptive of you!)

Jan 18, 2016 07:19 AM #8
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Rainmaker
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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