Wilmette had a little dip in its real estate market in 2017 but has recovered in 2018. It continues to be the most popular North Shore village for buyers because of its diverse housing stock, great downtown area, and proximity to transportation and shopping.
FIRST-HALF HOUSING REPORT FOR WILMETTE 2018, 2017, AND 2007
In comparing sales for the first six months of 2017 vs 2018, I also decided to throw 2007 into the mix. Buyers and sellers often ask if Wilmette real estate has returned to its pre-recession numbers and I finally see that Wilmette is getting close.
Several things stand out in this chart. First, the total number of sales was much lower in 2007 - but this makes sense. The market was hot because there were more buyers than sellers so fewer houses to buy. The 2nd line shows the Average Sale Price for each year and this is where you can see that 2018 was, in terms of house prices, an improvement of over 11%. But then you can see that 2018 is just around 4% less than the high mark of 2007. So Wilmette has, at least in 2018 to date, gotten very close to pre-recession numbers.
CURRENT WILMETTE REAL ESTATE MARKET
Homes for sale: 171
Priced: $319,900 to $3,199,000
Homes under contract: 49
Absorption rate: 5.3 months (balanced market, equal number of buyers and sellers)
Condos for sale: 27
Priced: $157,900 to $1,600,000
To CONTACT Margaret Goss, please call 847-977-6024 or email: email@example.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.