Wilmette, IL Real Estate News

By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
What Sold In Your North Shore Village in October, 2021Yes, the market has started cooling - which it always does this time of year. The "cooling" mainly pertains to the frenzied bidding that drove prices up with multiple offers.Fewer homes are now selling over the list price which has been common for the year to date. As before, inventory continues to be low, with just a few months of inventory in each village.Since January 1, four-bedroom homes in Winnetka sold for 98% of list price while 5+ bedroom homes averaged 96%.Wilmette homes of all sizes sold for 98% of list price.Kenilworth homes sold for 95-96% of list price.Glencoe homes sold for 97% of list price except 5+ bedroom homes which averaged a sale of 95% of list price.Northfield homes sold for between 94-9% of list price.If selli...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
The median price of North Shore homes in the villages of Winnetka, Wilmette, Kenilworth, Northfield, and Glencoe dipped to $990,000 at the end of August. That was a 18% decrease from the previous month's median price of $1,210,000. The previous low median was $850,000 from April 2021.It's natural for home sales to dip at this time of year. Fewer buyers are looking now and many have decided to wait until the spring market of 2022. Inventory is still low frustrating everyone. Learn more about the North Shore real estate market: Median sales price:  Market time for home sales averages 40 days:  Under contract homes are decreasing - normal at this time of year:  New listings are also slowing as we head into fall: 168 homes for sale in Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield:  
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
There were 128 total single family home sales in August in Kenilworth, Winnetka, Wilmette, Glencoe, and Northfield (down from 142 in July.) The median price was $1,000,000 ($1,223,000 in July.)Sales are tapering off - a function of both the end of summer and continued low inventory. WINNETKASee all Winnetka property sales in AugustHomesCondosCURRENT WINNETKA REAL ESTATE MARKETYear-to-date sales: 246Homes currently for sale: 49Price range: $599,000 to $7,500,000Private network homes for sale: 21Condos for sale: 5Under contract or pending: 37Current months supply of inventory: 2.5See all Winnetka homes for saleSee all Winnetka condos for sale WILMETTEClick to see all Wilmette properties sold in AugustHomesCondosCURRENT WILMETTE REAL ESTATE MARKETYear-to-date sales: 353Homes currently for ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
In July, the North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield had 142 total home sales, just shy of June's 151 homes. The median sold price was $1,223,000. There were 123 total sales last July (actually a high number) but the median price was $1,000,000.Of the 142 homes sold in June, the average list to price ratio was 98% and the average days on market was 33. Still a strong seller's market without the frenzy of the spring market. You can also see that the current month's worth of inventory hovers between 2 to 3 1/2 months. Anything under 5 is a seller's market and and 2-3 is an extreme seller's market.  WinnetkaClick to see Winnetka sold homes in JulyCurrent Winnetka Real Estate MarketSold homes in July:49Year-to-date home sales: 232Homes currently for s...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Have you wondered if the condo market has been as hot as the single-family home market during the past year? Well, it's been very good but not quite as fast as single-family homes have been selling. Every North Shore village except Glencoe saw higher prices, faster sell times, and better list-to-price ratios than the previous year. Although . . .  first six months of 2020 were a bad time for any type of sales. Nevertheless, let's take a look at each village: WINNETKASee all Winnetka Condos for Sale  WILMETTESee all Wilmette Condos for Sale  GLENCOESee all Glencoe Condos for Sale  NORTHFIELDSee all Northfield Condos for Sale  GLENVIEWSee all Glenview Condos for Sale  EVANSTONSee all Evanston Condos for Sale CONDO PRICES IN PAST 12 MONTHSUp 8.5% MONTHS SUPPLY - at 3.3 months, down from 5....
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
What Sold In Your North Shore Village in June 2021 Record sales and closes in all North Shore villages in June. June saw a total of 151 units sold in all of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield. The median price was $1,125,000. The previous June (2020) had 88 total sales and the median price was $968,000. Although the comparison is a bit unfair since 2020 through June had several months of extremely low sales.The majority of homes have sold in under a month, with many in under a week. There are a few homes with long market times but those were overpriced to start and slow to reduce.  The links in blue (below) under the town's name show sales by address in each villages. WINNETKA Click to see all Winnetka Home Sales in June 2021 Current Winnetka Real Estate MarketSold ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 If you haven't gotten enough real estate data, I'm here to help. I'm fascinated by charts and graphs - nothing shows more clearly the state of something than they do. All data is for the past 12 months and includes Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield unless otherwise noted.    Median Market Time has dropped significantly   Median % of Original Price is much higher - excellent   Months Supply of Homes - leaves us with low inventory  Homes for Sale - going down, down   Median Market Time for Winnetka, Wilmette, Kenilworth, Glencoe individually  Number of showings per property - the lower the number, the faster it sold (not historically true, but specific for this market.)  This final chart shows the entire Northern Illinois area that is encompassed within our Multiple...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Who ever thought that we could transition so quickly from high inventory to low inventory? It became clearer as 2020 drew to a close but then the spring market delivered a whole new crop of homes. Which are now long gone.  Of course, there are still houses for sale. For instance, Winnetka currently has 40 listed homes, some of which have not sold after a month or two on the market. Exactly half of the those homes are priced over $2 million which necessarily means that they will take longer to sell. Of the twenty homes under $2 million, some are overpriced. Even in this hot market buyers will push back when they sense price exceeds value. In Wilmette where there are 66 homes for sale, 38 have been on the market for over 30 days. Price seems to be the issue for many of those, or location ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
What Sold in Your Village in May 2021? A more apt title would be, “What Hasn’t Sold in Your Village”!Inventory is still a rock bottom and almost all new homes that are listed are sold immediately.  Under contract homes in Winnetka are almost 3 times the number for active listings (the highest of the five villages.) Here’s what closed in the North Shore in May 2021.WINNETKA  Current Winnetka Real Estate Market:Sold homes in May: 30Homes for sale: 45Price range: $560,000 to $6,250,000 Private Network Homes for Sale: 25Under contract/pending: 83Current months supply of inventory: 2.9Winnetka Homes for SaleWILMETTE  Current Wilmette Real Estate Market:Sold homes in May: 44Homes for sale: 4568 Price range: $325,000 to $2,500,000Private Network Homes for Sale: 22Under contract/pending: 79Curr...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 What Sold in Your Village in January 2021? The North Shore housing market is getting off to a solid start despite cold and snow. Inventory is down and most homes are selling quickly. I expect a robust and busy spring market that has already started. Most villages are experiencing a “seller’s market” which means that inventory is low and prices are rising (albeit slightly.)Here’s what closed in the North Shore in January 2021.WINNETKA  Current Winnetka Real Estate Market:Sold homes January: 16 Homes for sale: 55Price range: $449,000 to $24,795,000 (!)Median price ytd: $850,000Under contract/pending: 28Current months supply of inventory: 4.3Last January months supply of inventory: 7.3WILMETTE  Current Wilmette Real Estate Market:Sold homes November: 21Homes for sale: 50 Price range: $300...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
  Here’s what closed in the North Shore villages of Winnetka, Wilmette, Kenilworth, Glencoe, and Northfield in October 2020.WINNETKA  Current Winnetka Real Estate Market:Sold homes October: 35Homes for sale: 772Price range: $375,000 to $6,750,000Median price ytd: $1,080,000 Under contract/pending: 46WILMETTE  Current Wilmette Real Estate Market:Sold homes October: 47Homes for sale: 85 Price range: $339,000 to $4,175,000Median price ytd: $777,000Under contract/pending: 65 KENILWORTH  Current Kenilworth Real Estate Market: Sold homes October: 5Homes for sale: 18Price range: $575,000 to $9,975,000Median price ytd: $1,140,000Under contract: 6 GLENCOE  Current Glencoe Real Estate Market:Sold homes October: 19Homes for sale: 39Price range: $339,000 to $3,875,000Median price ytd: $925,000Under...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
   If you are a Wilmette parent with young children, you have many excellent choices for their earliest childhood learning experience. The North Shore is known for its exemplary schools and that tradition starts with the preschools where children learn cognitive, social, and language skills through play.  Three of the schools are located near each other in downtown Wilmette. One is in Kenilworth Gardens, one is at Romona Elementary School, and one is in the Park District Recreation Center.  TRINITY NURSERY SCHOOL Trinity is a non-denominational school that serves children from 2 years old to kindergarten. It is accredited by the National Association for the Education of Young Children (NAEYC), and by the state of Illinois Department of Children and Family Services.  Their mission statem...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 Wilmette Home for Sale: 901 Chestnut Avenue Feel the lake breezes in this stately traditional home located in the coveted CAGE area of east Wilmette.  901 Chestnut Ave, Wilmette Details:Bedrooms: 6Baths 3 ½Lot size: 100 x 183Exterior: BrickSquare feet: 4329 Features:Wrought iron fenced yardKitchen outfitted with Viking stove, double ovens, 2 sinks, and expansive center islandEntertainment sized living room with adjacent sun roomFamily room with walls of windowsMaster bedroom with sitting room/officeHis and her walk-in closetsBrick patioTwo-car garage with unfinished coach housePrime sought after location!Please see more information and all photos for 901 Chestnut in Wilmette         Sign up to get monthly North Shore real estate news delivered to your inbox.It's free, we'll never sell ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
   What Sold in Your Village in February? WINNETKA  Current Winnetka Real Estate Market:Homes for sale: 114Price range: $375,900 to $9,500,000Current median for sale price: $1,389,000Under contract: 36Condos for sale: 11Price range: $140,000 to $725,000WILMETTE  Current Wilmette Real Estate Market:Homes for sale: 120Price range: $295,000 to $2,699,000Current median for sale price: $889,000Under contract: 59Condos for sale:  33Price range: $112,000 to $1,599,000KENILWORTH No homes closed in Kenilworth in February Current Kenilworth Real Estate Market: Homes for sale: 41Price range: $635,000 to $13,750,000Current median for sale price: $1,410,000Under contract: 9GLENCOE  Current Glencoe Real Estate Market:Homes for sale: 75Price range: $349,999 to $4,495,000Current median for sale price: ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 WILMETTE IL CONDOS ON THE LAKE FOR SALE The seven buildings along the lakefront in Wilmette have always been referred to as Plaza del Lago condos. There are 5 condominiums and 2 co-ops. They vary in size, layout, lake access, cost, price, and amenities. In the photo above, you can see all seven in a row - but one is mostly hidden (2nd to last at top.) What they do have in common is proximity on the water with mostly gorgeous views and easy access to the Plaza del Lago shopping area directly across the street. It includes restaurants, a Jewel grocery store, CVS pharmacy, Starbucks, small retailers, and many doctor and dentist’s offices.  If residents plan to head to downtown Chicago, they can easily head south on Sheridan Road the whole way.  Units vary in size from small one bedrooms, ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 WILMETTE IL HOME SEARCH BY SCHOOL Wilmette IL has two school districts that both feed into New Trier High School. WILMETTE SCHOOL DISTRICT 39 (847-512-6100)This is the larger district and educates children that live in Wilmette only. There are four elementary schools (grades K-4), one middle school (grades 5-6), and one junior high (grades 7-8) And AVOCA SCHOOL DISTRICT 37 (847-251-3587)This smaller school district educates children living in Wilmette, Winnetka, and Glenview. There is one elementary school (grades K-5) and one middle/junior high school (grades 6-8)School map for Wilmette elementary school district 39 (grades K-4). See map online    Central Elementary School - 910 Central Ave.  (salmon color on map)McKenzie Elementary School - 649 Prairie Ave. (green on map)Harper Eleme...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 WILMETTE HOME SALES for AUGUST 2019 45 homes closed in WILMETTE in August. The price range was from $360,000 to $2,219,000.The median price of these sold homes was $865,000, the list to sell price ratio was 94%, and the average days on market was 90. At 94%, the list to sell price ratio was the best on the North Shore. WILMETTE REAL ESTATE MARKET TODAY Homes for sale: 143Price range: $279,000 to $2,799,000 Under contract: 36Absorption rate: 4.5 months (a balanced market)Condos for sale: 48Price range: $112,000 to $1,599,000 This chart shows the WILMETTE median home price since January 2018 - prices spiked in July 2018 and continued falling until February of 2019. They’ve been climbing back up throughout spring and summer and appear to have leveled off but we may see them drop as the 4t...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
See what homes sold in your village plus full market report for July 2019 - just click belowWINNETKA WILMETTE KENILWORTH GLENCOE NORTHFIELD 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:Phone:  847-977-6024Email:  margaret.goss@bairdwarner.comSee her full BIOGRAPHY  
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
WILMETTE HOME SALES for JULY 2019 40 homes closed in WILMETTE in July which is 9 less than last month. The median price of these sold homes was $875,000, the list to sell price ratio was 94%, and the average days on market was 74. So total closed home sales and market time have both gone down - but only the latter is a positive value. WIlMETTE REAL ESTATE MARKET TODAY Homes for sale: 163Price range: $299,000 to $2,999,000 Under contract: 54Absorption rate: 5.6 months (a balanced market, better than last month)Condos for sale: 45Price range: $112,000 to $1,599,000  This chart shows how the median home price has shifted since January of 2018 from a low of $565,500 to a high of $957,000 in June of 2018.    SEE ALL WILMETTE HOMES FOR SALE Sign up to get monthly North Shore real estate news ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 See what homes sold in your village plus full market reports for June 2019 - just click belowWINNETKA WILMETTE KENILWORTH GLENCOE   Get monthly real estate news for Winnetka & the North Shore!Sign up for my newsletter HERE To contact Margaret Goss please call 847-977-6024Email her at margaret.goss@bairdwarner.comMargaret Goss is a full-time real estate agent since 1998 practicing in the North Shore communities of Winnetka, Wilmette, Kenilworth, Glencoe, Northfield, Glenview, and Evanston. See Margaret’s full BIO    
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