Winnetka IL 1st Quarter Market Update - 2019

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

Winnetka 1st Quarter Real Estate 2019

 

Winnetka IL is a beautiful village just 30 minutes away from downtown Chicago. It can easily beWinnetka IL accessed by commuter train (with 3 stops in Winnetka) or the Edens expressway.

 

With excellent schools, a diverse housing stock, restaurants, shopping, and the beaches of Lake Michigan, Winnetka is a sought after place to live. It is popular with commuters, professionals, and remains a top relocation destination for executives.

 

Winnetka has seen downward pressure on home prices since last year’s first quarter as well as longer days on market. With winter just about over, we’re looking forward to a spring revival in the housing market.

 

Winnetka IL Housing Report

 

One positive indicator is list price to sell price ratio which went up from 87% to 92%. This means that sellers are pricing their homes more in line with what buyers are willing to pay.

 

Winnetka, and the North Shore in general, are experiencing a slow market. The current absorption rate is 7.7 months making it a buyer’s market. Buyers continue to be choosy, usually opting for a more finished home even if a better value can be found in a home that needs some updating.




CURRENT WINNETKA REAL ESTATE MARKET

 

Homes for sale: 156

Price range: $380,000 to $8,995,000

Under contract: 26 (11 homes priced under $1 million; 10 homes priced between $1-2 million, 4 homes priced between $2-3 million, and 1 home over $4 million.)

 

The breakout of homes under contract is interesting - with the largest number not the lowest price:

 

Winnetka homes under contract

 

 

 

Median Sales Price in Winnetka

 

 

Median Days on Market

 

 

 

Median Price Per Square Foot

 

 

Median Percent of Original Price

 

 

Months of Supply (Absorption Rate)

 

 

 

 

 SEARCH ALL WINNETKA HOMES FOR SALE

 

 

 

 

 

 

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To contact Margaret Goss please call 847-977-6024

Email her at margaret.goss@bairdwarner.com

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

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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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