Wilmette IL had another strong year for home sales in 2015. The average price rose almost 3% in 2015 and the total number of units sold in each year was almost identical (see below.)
Single Family Homes
The ratio looks very good too - I use the original list price (before price reductions) and compare to the final sold price. So 4-5% off the original list is very strong and means that Wilmette home sellers are pricing their homes appropriately for the market.
Market time is also excellent - anything under 6 months indicates a seller's market which we've been in for almost two years.
See Wilmette homes for sale:
Now let's look at the condo market:
Again, condo sales were down slightly and the average price rose 2%. The list-to-sell ratios are lower indicating slight overpricing initially and market time of about 3-4 months, also shows a seller's market.
Wilmette is a good option to consider when looking to downsize into a condo or townhouse. There is usually a good supply of inventory and many of the complexes are near shopping and transportation. Only Glenview and Evanston have larger inventories but they are also much larger communities.
Wilmette Condos for Sale: