Winnetka IL Home Sales August 2019

By
Real Estate Agent with Baird & Warner Real Estate

WINNETKA HOME SALES for AUGUST 2019

 

30 homes closed in WINNETKA in August. The median price of these sold homes was $1,225,000, the list to sell price ratio was 92%, and the average days on market was 92.

 

The absorption rate is currently at 7.5 months (Absorption rate is an indicator of how long all the current inventory would take to sell if no new properties were added.) At this rate, it's a buyer's market with a balanced market being around 4-5 months.

 

The list to sell price ratio of the sold homes shown below is 92% - which shows that Winnetka homes are entering the market priced too higg.

 

Winnetka IL Real EstateWinnetka IL Real Estate

 

WINNETKA REAL ESTATE MARKET TODAY

 

Homes for sale: 144

Price range: $439,000 to $9,500,000 

Under contract: 26

Absorption rate: 7.5 months (trending toward a buyer’s market)

Condos for sale: 9

Price range: $285,000 to $640,000

 

 

This chart shows the Winnetka median home price since January 2018 - prices rose throughout the spring and are now leveling off - and I expect them to continue to drop exactly as they did last year during the 4th quarter.

 

 

 

SEE ALL WINNETKA 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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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Margaret,

What a wonderful and easy to comprehend report on the August acctivity in Winnetka, IL.  Wishing you a great week.  A

Sep 10, 2019 01:52 PM #1
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