Winnetka/North Shore Chicago 3rd Quarter Real Estate
Below is a chart comparing home sales in the 3rd quarter of 2018 to 2019 for the villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield.
Even though these towns abut each other and are very similar, their home sale statistics vary in different areas.
In Winnetka home sales fell in 2019 by 4.5%, and prices went down 7.5%. The list-to-sell price ratio remained the same at 91% and sales days on market went up 6%.
Wimette home sales rose slightly from 304 to 309, the average sale price dropped by almost 8%. The list-to-sell ratio improved slightly while market time increased by 15%.
Home sales increased dramatically in 2018 - there had been a long slump there and buyers came out in droves to pick at reduced prices and weary sellers. So the difference in home sales between 2018 and 2019 is substantial - down by 27%. Home prices dropped only slightly though at 2.25% and market time crept up by 26%.
Glencoe’s home sales dropped slightly - 7% and the home sale prices dipped just 2%. The list-to-sell ratio is exactly the same and days on market rose by just 4 days.
Northfield has some encouraging numbers, both total home sales and sale prices rose in 2019 over 2018. Home sales rose 28 homes to 31 homes in 2019 and prices rose by almost 18%!
The last quarter of the year may be the slowest in real estate but serious sellers are smart to keep their homes on the market. It may be tempting to take it off but homes don’t sell if people can’t see them. And you could unwittingly help a competitor sell their home!
While you’re here . . . SEE ALL NORTH SHORE 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.
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