WINNETKA NORTH SHORE REAL ESTATE 3rd QUARTER 2020
As you probably know, the third quarter of 2020 has been a unique year for home sales on the North Shore. As soon as the governor lifted the stay-at-home order at the end of May, the floodgates opened. Those sales will be reflected in the numbers below.
The general consensus has been that those three months were riotous but sales have slowed down toward the end of September. We’ll just have to wait and see what happens in the next few months and spring of next year.
Every one of the five villages saw a sizable increase in the total number of homes sold in 2020 over 2019:
Great news since we’ve had an excess of inventory for years!
The median price rose slightly for all villages except in Winnetka where it dipped slightly.
The list price to sell price ratio also rose in four villages but not in Kenilworth where it went down by 1%. But the increase in the number of sales there was a terrific boost to their market.
And finally, the days-on-market time inexplicably rose in Wilmette, Kenilworth, and Northfield.
Here are all the numbers:
While you’re here, please see:
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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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