Kenilworth IL Real Estate February 2019

By
Real Estate Agent with Baird & Warner Real Estate

KENILWORTH REAL ESTATE REPORT - FEBRUARY 2019

 

2 homes closed in February 2019 in KENILWORTH which is an improvement over last year when no homes closed in February.

 

The median price for homes sold year-to-date this year is $1,290,000 (based on a small total of 4 closed sales.)  Last’ years median, also based on just 4 sales, was $1,450,000.

 

SOLD HOMES  - JANUARY 2019 - KENILWORTH

 

Kenilworth IL Real Estate



CURRENT SNAPSHOT OF KENILWORTH REAL ESTATE

 

Homes for sale: 37

Price range: $625,000 to $13,750,000

Under contract: 4

Absorption rate: 9.6  months (a buyer’s market)

List price to sell price ratio: 86% (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:

 

The absorption rate at 9.6 months is considered a buyer’s market. This figure indicates the number of months it would take all Kenilworth inventory to sell without any new homes coming on the market and buyers have the advantage right now.

The median list to sell price ratio of 86% indicates homes are being overpriced. This causes longer days on market and eventually, a lower sale price.



SEE ALL KENILWORTH 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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Illinois Cook County Kenilworth
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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

We like to stay informed about current market trends throughout the country and appreciate reading your latest market snapshot. 

Mar 09, 2019 04:06 PM #1
Rainmaker
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Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

Margaret,  I have a small market as well and have been wondering how to do a monthly market report for my area.  Thank you for giving me some ideas.  

Mar 09, 2019 06:14 PM #2
Rainer
364,082
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 10, 2019 01:02 AM #3
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Margaret - hopefully some of those sellers will listen to you and price at market.

Mar 11, 2019 11:47 AM #4
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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