Hubbard Woods Winnetka Year-End Housing Review
Home sales in Hubbard Woods were remarkably similar in 2018 as in 2019. Here’s how the numbers looked:
It’s interesting to see that overall sales were down but the median price was up by 18%. I agree that that is an encouraging statistic but I haven’t seen individual home prices actually rise. I’m not a master statistician, but I can say that it’s probably due to the fact that the number of homes that sold in 2019 happened to have a higher price point than the ones in 2018. The numbers can also be skewed when the reporting number is as small as 68 or 69 homes.
There have been several home sales that I’m aware of that sold for economical prices. Prices that suddenly made Winnetka more affordable than it’s been for years. A 4-bedroom/3 ½ bath home closed for $575,000 and, yes, it was livable and in a prime area!
In all of Winnetka, there were ten homes that sold for under $500,000 in 2019. In 2015 and 2016 there were 5 homes each year. In 2008, the last year before the recession, there were just 2 homes that sold under $500,000.
Here’s the Hubbard Woods real estate market right now:
Homes for sale: 22
Price range: $449,900 to $6,999,975
Under contract: 10
The number of homes for sale right now is very low. This is because many homes were taken off the market for the holidays and will be relisted soon. The high mark for the year was last May when there were 55 homes for sale in Hubbard Woods. The spring market may start early this year if this mild weather continues, but it generally starts to get busy in February through May.
While you're here, please see ALL HUBBARD WOODS HOMES FOR SALE
Sign up to get monthly North Shore real estate news delivered to your inbox.
It's free, we'll never sell your info, and you can opt-out at any time.
Enter your email address at: North Shore Newsletter
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:
See her full BIOGRAPHY