NORTH SHORE MARKET REPORT for OCTOBER 2019
Winnetka, Wilmette, Kenilworth, Glencoe, Northfield
The green chart below shows that home sales and prices were down slightly this October over October 2018 across the North Shore villages of Winnetka, Wilmette, Keniliworth, Glencoe, and Northfield. The ratio of the list price to sell price is very low at 90% (based on original list price.) This means that most sellers are overpricing their homes.
CURRENT NORTH SHORE REAL ESTATE MARKET
This blue chart shows current market stats across all North Shore villages - Winnetka, Wimette, Kenilworth, Glencoe, and Nothfield.
Wilmette and Glencoe are considered a balanced market (4-6 months of inventory or absorption rate), Winnetka and Northfield are higher and have tipped over into a buyer's market, while Kenilworth is experiencing an extreme buyer's market.
Additionally, homes sales in October for each community were:
Winnetka: 11 sales priced $460,000 to $1,750,000
Wilmette: 18 sales priced $255,000 (foreclosure) to $1,710,000
Kenilworth: 5 sales priced $450,000 to $2,750,000
Glencoe: 8 sales priced $510,000 to $2,550,000
Northfield: 7 sales priced $575,000 to $2,350,000
While you're here, please 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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