Kenilworth IL Real Estate Report 1st Quarter 2019

By
Real Estate Agent with Baird & Warner Real Estate

KENILWORTH 1stQ REAL ESTATE REPORT - 2019

 

Kenilworth is a beautiful and desirable Chicago suburb in which to purchase a home. Its school, Joseph Sears, takes in children from junior kindergarten through 8th grade making it the only Kenilworth ILsuburb in the North Shore to have one school. Excellent schools are found throughout the North Shore but most have several schools handling different grades.

 

3 homes closed in the 1st quarter of  2019 in KENILWORTH compared to last year when 6 homes closed.

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 year’s median, based on the 6 sales, was $1,450,000.

 

 

 

 

 

1st QUARTER 2019 vs 2018


Kenilworth Real EstateKenilworth Real Estate

 

 

CURRENT SNAPSHOT OF KENILWORTH REAL ESTATE

 

Homes for sale: 43

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

Under contract: 6

Absorption rate: 11.25  months (a strong buyer’s market)

List price to sell price ratio: 86% (based on year-to-date sales)

Average days on market: 205

April 5 - jumbo loan interest rate: 3.875%

April 5 - conventional loan interest rate: 4.0%



The absorption rate at 11.25 months has risen for the year and 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.

 

MEDIAN SALES PRICES - on a downward trend since August 2018

 

 

 

 

MEDIAN DAYS ON MARKET - also going down, but a good thing

 

 

 

 

MEDIAN PRICE PER SQUARE FOOT

 

 

 

 

 

MEDIAN PERCENT OF ORIGINAL PRICE

 

 

 

 

MONTHS SUPPLY (absorption rate)

 

 




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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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local community reports.

Apr 08, 2019 09:26 AM #1
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Rainmaker
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Margaret Goss

Chicago's North Shore & Winnetka Real Estate
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