Winnetka and North Shore 1st Quarter Home Sales Report

By
Real Estate Agent with Baird & Warner Real Estate
https://activerain.com/droplet/5c6B

Comparing the first quarter of 2017 real estate statistics to the first quarter of 2018 shows varied, unpredictable, and conflicting trends.

Observations about the North Shore real estate market:

  • Winnetka's total number of closed home sales is lower this year but the median sales price is up.
  • Wilmette's numbers are almost exactly the same from 2017 to 2018.
  • Kenilworth is too small to make sense of the numbers over a 3-month period of time. In other words, the median sales price did not almost double.
  • Glencoe saw a substantial increase in both total sales and median price. But the total days on market rose by 43%.
  • In Northfield the comparison is fairly stable except for the days on market which rose 89%!
  • Glenvew saw prices rise, sales rise, and market time stay steady.
  • Glencoe has the most overpriced homes with an 83% list price to sold price ratio (based on original list price.) At the same time, total home sales increased by 72%.
  • Glenview's homes however sold for 94% of original list price.
  • Winnetka's total home sale decrease was substantial at 30% lower.
  • Northfield, as mentioned above, saw the largest increase in market time from 127 days to 240 days.


The North Shore market is, overall, hard to pin down with firm data. Is it a buyer's or seller's market? Kenilworth has been notoriously hard to sell in recent years, yet in the first quarter it had the lowest market time of 4 months - making it a seller's market! Northfield is decidedly a buyer's market now with an average market time of 8 months. Check out the chart below and see the bewildering statistics yourself.

North Shore Real Estate

North Shore Real Estate

To CONTACT Margaret Goss, please call 847-977-6024 or email:  margaret.goss@bairdwarner.com

Margaret Goss is a full-time real estate agent since 1998 servicing the North Shore communities of Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Glenview, and Evanston.  

See full BIO for Margaret Goss.

 

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.

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Rainmaker
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Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Thanks for your current market report and updates which are very helpful to homebuyers and sellers. 

May 03, 2018 04:24 PM #1
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Okay, IMHO, you just gave the many reasons why buyers and sellers need to contact you to fully understand any of the various markets in the Chicago area. It varies quite dramatically.   No across the board anything...

May 05, 2018 02:06 PM #2
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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