Wilmette IL real estate is always in big demand. The Spring market for homes sales continued and now as we hit Thanksgiving and the holiday season sales have finally backed off as people start to think about 2017 and the Winter. We have a nice report full of interesting data for you to get an idea of what is happening in the market.
Looking at the complete picture and comparing a 30 day period ending November 14 Vs the same time frame of 2015 Wilmette IL Real Estate has 5.5% less new listings yet a 12.5% gain in Closed sales. This all means a 4.7% change in inventory of all properties.
Breaking it down further, new listings of Wilmette IL single family homes are down 17.4% from 46 during this month of 2015 and 38 in the last month. Under contract houses are down 10% to 27, last year at this month it was 30 homes. Closed sales are down 14.3% to 24 from 28. The average sales price for a Wilmette IL house is $838,645 down 11.6% from last year's $948,357. Average market time is currently 130 days which is up 64.6% compared to 79 days during this month in 2015.
Looking at Wilmette IL condominiums we have a 55.6% gain in new listings with 14 hitting the market during the last 30 days. Last year during the same 30 day time frame the figure was only 9. Under contract condos are down 25% to 6 compared with last year's 8. Closed sales of Wilmette condos are up 200% with 12 properties sold and in 2015 at this time it was 4. The average sales price for a Wilmette IL condo is currently $365,700 and that is down 2.5% from $374,975. The average market time is down 77% to 55 days before a sale as compared with 239 days in 2015 at this time of year.
When you want to learn more about Wilmette IL real estate or the village and anything else you can think of, call us day or night at (800) 858-7917 and on line Coldwell Banker Wilmette.