What Sold in Your Village in May?
By the end of May, we were 2 ½ months into the coronavirus crisis. Yes, sales are down and the bad news probably isn’t over yet. However, some of the numbers are promising and don’t paint a pessimistic picture.
One of the most interesting statistics you will see in the numbers below are the high number of under-contract homes. For instance in May, only 25 homes closed yet there are currently 54 homes under-contract or pending. That means the close numbers will be rising in the coming months.
Closed homes in May 2020 compared to May 2019 vary however. In Winnetka there were almost equal sales both months, Wilmette saw a 52% decrease in sales, Kenilworth rose from 1 sale to 4, Glencoe was exactly the same, and Northfield went down 69% (remember, it’s just one month.)
Here’s the rundown for North Shore real estate in May.
Current Winnetka Real Estate Market:
Sold homes May: 20
Homes for sale: 100
Price range: $325,000 to $9,500,000
Median price ytd: $929,000
Under contract: 46
Condos for sale: 22
Price range: $210,000 to $725,000
May 2019 home sales: 22
May 2020 home sales: 20
Current Wilmette Real Estate Market:
Homes Sold in May: 20
Homes for sale: 101
Price range: $305,000 to $2,699,000
Median price ytd: $700,000
Under contract: 55
Condos for sale: 35
Price range: $145,000 to $1,599,000
May 2019 home sales: 52
May 2020 home sales: 25
Current Kenilworth Real Estate Market:
Homes for sale: 33
Price range: $625,000 to $13,750
Current median for sale price: $975,000
Under contract: 7
May 2019 home sales: 4
May 2020 home sales: 1
Current Glencoe Real Estate Market:
Sold homes in May: 16
Homes for sale: 70
Price range: $339,000 to $4,495,000
Median price ytd: $795,000
Under contract: 32
Condos for sale: 7
Price range: $260,000 to $699,000
May 2019 home sales: 16
May 2020 home sales: 16
Current Northfield Real Estate Market:
Homes for sale: 43
Price range: $300,000 to $4,400,000
Current median for sale price: $685,000
Under contract: 11
Condos for sale: 11
Price range: $239,000 to $629,000
May 2019 home sales: 16
May 2020 home sales: 5
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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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