List Price to Sell Price in Winnetka North Shore Homes
Also referred to as the percentage of list price, this figure is a good way to get a feel for where the home's list price ends up selling for. Buyers often ask what is the going percentage because it helps them determine where to start the bidding.
There are two ways to consider this number. One is by using the original list price before any reductions are made, or using the final list price after the reductions are made. I prefer to use the former because it gives a truer picture of the market.
I would venture to say that the majority of listings come on the market on the high side and will ultimately need to be reduced. The ones that are priced correctly sell fairly quickly - which in the North Shore market would be less than 30 days.
In California, I’ve been told that the list price is the starting point - it goes up from there. So they might have figures such as a house selling for 105% of the list price. The numbers on the North Shore are considerably under the list price unless the house was priced very well and might have garnered multiple offers which might drive the price above the ask price.
The following graphs show the percentage of listing price that homes are closing for in Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield. These graphs are interactive and are current up to the end of each previous month. You can check back here in anytime and see updated current figures.
Winnetka and Glencoe
Wilmette, Kenilworth, Northfield
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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