Wilmette IL Real Estate February 2019

By
Real Estate Agent with Baird & Warner Real Estate

WILMETTE REAL ESTATE REPORT - FEBRUARY 2019

 

14 homes closed in February 2019 in WILMETTE compared to 18 closes in January a year ago.

 

The median price for homes sold year-to-date this year is $650,000 compared to last year when it was $700,,000.



SOLD HOMES  - JANUARY 2019 - WILMETTE


Wilmette IL Real estate


CURRENT SNAPSHOT OF WILMETTE REAL ESTATE

 

Homes for sale: 185 (up 2 from last month)

Price range: $324,000 to $3,600,000

Under contract: 56

Absorption rate: 6 1/2 months

List price to sell price ratio: 91% (based on year-to-date sales)

February 6 jumbo loan interest rate: 4.125%

February 6 conventional loan interest rate: 4.375%

Foreclosures for sale: 1

 

The absorption rate at 6 1/2  months is trending toward a buyer’s market. This figure indicates the number of months it would take all Wilmette inventory to sell without any new homes coming on the market.

The median list to sell price ratio of 91% indicates homes are being overpriced. This causes longer sell times and a lower sale price.




SEE ALL WILMETTE HOMES FOR SALE




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

She can be reached at:

Phone:  847-977-6024

Email:  margaret.goss@bairdwarner.com

See her full BIOGRAPHY




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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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good afternoon 

Thank you for sharing your information with us Margaret Goss 

Have a great day.

March 5, 2019. 

Mar 05, 2019 01:47 PM #1
Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Mar 06, 2019 06:22 AM #2
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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