Wilmette, IL Real Estate News

By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
Our Wilmette IL Real Estate May 2017 market report is available for viewing. We have seen so much in the way of sales that now inventory has cooled off. At least on a temporary basis that is.Wilmette IL is such a desired community people always are interested in moving to this North Shore village so this is defiantly a temporary issue.New listings for all types of properties are down by 7%. Closed sales are down 12.1%. The level of inventory is unchanged. That is a comparison of a 30-day period ending May 14th of 2017 Vs the sale time frame of last year.If you want to browse on your own, click Wilmette IL houses for sale and Wilmette IL Condos for sale. This is a direct connection to the MLS, (Multiple Listing Service). You will get data that is updated on the fly and the most accurate ...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette’s March Property sales were 44, up 76.0% from 25 in March of 2016 and 109.5% higher than the 21 sales last month. March 2017 sales were at their highest level compared to March of 2016 and 2015. March YTD sales of 85 are running 10.4% ahead of last year's year-to-date sales of 77.The Median Sales Price in March was $712,500, up 12.2% from $635,000 in March of 2016 and up 66.7% from $427,500 last month. The Average Sales Price in March was $816,668, down -7.4% from $881,640 in March of 2016 and up 29.4% from $631,024 last month. March 2017 ASP was at the lowest level compared to March of 2016 and 2015.The Total Inventory of Properties available for sale as of March was 199, up 5.3% from 189 last month and up 2.6% from 194 in March of last year. March 2017 I...
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By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
We now have the Wilmette IL Real Estate April 2017 market report. The graph at the end of this blog will give you very complete information that goes back a year. For today we want to talk about the recent situation.We are going to focus on a 30-day time frame that ended April 14 of 2017. A comparison of the same time of one year ago is the subject of what we want to get across. To see how the Wilmette IL Real Estate sales are doing as compared to one year ago.For a broad look at all types of properties we have a 17.8% change in new listings. A huge 80% change in closed sales. We also have a 3% change in inventory.Click Wilmette IL Houses for sale and Wilmette IL Condos for sale to see the latest inventory. This is very accurate and a direct connection to the Multiple Listing Service or...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette's March Property sales were 44, up 76.0% from 25 in March of 2016 and 109.5% higher than the 21 sales last month. March 2017 sales were at their highest level compared to March of 2016 and 2015. March YTD sales of 85 are running 10.4% ahead of last year's year-to-date sales of 77. The Median Sales Price in March was $712,500, up 12.2% from $635,000 in March of 2016 and up 66.7% from $427,500 last month. The Average Sales Price in March was $816,668, down -7.4% from $881,640 in March of 2016 and up 29.4% from $631,024 last month. March 2017 ASP was at the lowest level compared to March of 2016 and 2015. The Total Inventory of Properties available for sale as of March was 199, up 5.3% from 189 last month and up 2.6% from 194 in March of last year. March 2017...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Wilmette is ever popular - large enough to have a wide range of housing prices yet a small-town feel. Great schools, park district, transportation, and a thriving downtown make it a draw for people everywhere.If you live here now, or plan to move to Wilmette in the future, familiarize yourself with the current real estate statistics: Median sale price of a single-family home has flattened out since March 2016:  The Wilmette condo market median price has been steady for a while, but it just starting to dip slightly:  Average market time has been rising since May of 2015 and is starting to decrease:   The absorption rate - or month's supply of inventory - has been steady since January 2016.  With an average of 5 months, the Wilmette real estate market would be considered a "balanced" mark...
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By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
The Wilmette IL Real Estate March 2017 market report is now available for viewing. We are going to take a look at the statistics for a 30-day time frame ending March 14 of 2017 and comparing the figures to the same time frame of one year ago.Wilmette Real Estate has really been busy through most of 2016 and this month we see a slight correction. This is more relating towards single family homes. The volume of condominiums in Wilmette is small. We will go through all aspects and at the end of this blog you have a detailed report that goes into great detail.Click Wilmette IL Houses for sale and Wilmette IL Condos for sale. This is the most accurate data source, a direct connection to the MLS (Multiple Listing Service).New listings of single family homes in Wilmette are up 8.9%. Under cont...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette's February Property sales were 20, down -20.0% from 25 in February of 2016 and equal to 0.0% 20 sales last month. February 2017 sales were at a mid level compared to February of 2016 and 2015. February YTD sales of 40 are running -23.1% behind last year's year-to-date sales of 52. The Median Sales Price in February was $426,250, down -15.1% from $502,200 in February of 2016 and down -20.6% from $536,750 last month. The Average Sales Price in February was $603,325, down -7.3% from $651,128 in February of 2016 and down -10.4% from $673,368 last month. February 2017 ASP was at the lowest level compared to February of 2016 and 2015. The Total Inventory of Properties available for sale as of February was 186, up 8.8% from 171 last month and up 6.9% from 174 in ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
Friends - don't let this happen to you!  I can say that because I did this to myself.I have spent many years explaining to clients the pitfalls of relying on Zillow and other third party sites for their real estate information.  As we all know, many sellers look up their home's Zestimate before talking to agents.  They want to be "informed."Sadly, the information provided is often out-of-date, sometimes by many months or years, or vastly inaccurate.  It's a fun tool, but no more.  Remember, Zillow and others do not have agents, certainly none of their employees visited your home or any nearby homes either. They never drove the neighborhood to check out the houses, schools, shopping areas, parks, or other amenities. They rely on a computer model that assembles nearby sales and generates ...
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By Jack Lewitz
(Exit Strategy Realty)
What do you do when a Seller says I am thinking of listing my home for sale in 2-3 months? Personally I ask myself is this seller trying to time the market? Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. The prediction may be based on an outlook of market or economic conditions resulting from technical or fundamental analysis. If you have been in this business long enough you know that there are buyers all season long but then there are busy times and slow times. Right now we are entering the Spring Real Estate Market (Superbowl-May) and I consider this the busiest time in the Real Estate Market.So when a seller says I am thinking of selling in 2-3 months during the Spring Market wh...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette's January property sales were 20, down -25.9% from 27 in January of 2016 and -9.1% lower than the 22 sales last month. January 2017 sales were at a mid level compared to January of 2016 and 2015. January YTD sales of 20 are running -25.9% behind last year's year-to-date sales of 27. The Median Sales Price in January was $536,750, down -5.0% from $565,000 in January of 2016 and down -27.3% from $738,750 last month. The Average Sales Price in January was $673,368, down -7.6% from $728,450 in January of 2016 and down -5.1% from $709,295 last month. January 2017 ASP was at a mid range compared to January of 2016 and 2015. The Total Inventory of Properties available for sale as of January was 162, up 7.3% from 151 last month and up 5.2% from 154 in January of l...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
It's January 2017 and the fine weather is bringing out lots of buyers.  The real estate market in Wilmette IL was strong in 2016 - better than any of the other North Shore communities.  Wilmette continues to be a prime destination for buyers for many reasons including good schools, proximity to downtown, shopping, and restaurants.  And the great Gillson Beach.What does the Wilmette real estate market look like today?Homes for sale:  27Low price:  $349,000High price:  $9,900,000Median price:  $900,000Under contract and pending homes:  38Current absorption rate:  4 months (a market that is trending toward being a seller's market.) How did Wilmette home sales do in 2016?Total homes sold:  376Low price:  $235,000High price:  $3,255,000Median sold price:  $740,000 Now let's see where the mos...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 UPDATED 2019 No surprise there - I've been writing about Wilmette's strong real estate market for years. Crain's Chicago Business just published a list of 8 city neighborhoods and 8 suburbs where your money will stretch while other amenities like schools, restaurants, or location add to the positive mix.Why has Wilmette been a popular community for home buyers?  There are several factors including:  excellent schools quick proximity to downtown Chicago via the Metra line or expressway diverse housing stock with prices ranging from $300,000 to several million an energetic dining scene along Central and Wilmette avenues a scenic lakefront park with a bathing and sailing beach, tennis courts, playground, and amphitheater  More Wilmette information:See all Wilmette homes for saleAll Wilmet...
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By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
The Wilmette IL Real Estate January 2017 report is out. The data is very interesting for this time of year. Wilmette IL housing has become extremely popular in the last few years.There is a 19% change in new listings of all types of properties. 26.7% less closed sales. Wilmette shows a 15.9% positive change in inventory of all property, that is single family homes and condos.People never stopped or slowed down during the Summer vacation time and holiday season of 2016. Property sales have been booming in Wilmette IL Real Estate and for this time frame ending January 14 2017 as compared with last year showing we have some unusual statistics.Let us break it down further. New single family home listing in Wilmette IL are up 27.8%. Under contract houses waiting to close is flat. We have the...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson,Wilmette's December Property sales were 21, down -30.0% from 30 in December of 2015 and -19.2% lower than the 26 sales last month. December 2016 sales were at their lowest level compared to December of 2015 and 2014. December YTD sales of 485 are running 8.3% ahead of last year's year-to-date sales of 448. The Median Sales Price in December was $735,000, up 6.9% from $687,500 in December of 2015 and up 3.0% from $713,750 last month. The Average Sales Price in December was $652,595, down -17.2% from $787,683 in December of 2015 and down -20.1% from $816,303 last month. December 2016 ASP was at the lowest level compared to December of 2015 and 2014. The Total Inventory of Properties available for sale as of December was 146, down -14.1% from 170 last month and up 9.0% from 1...
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By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
We now have the Wilmette IL Real Estate December 2016 market report. Wilmette has an 18.2% change in new listings of all types of properties. There is a 3.7% decline in closed sales of all types of properties as compared with the same period last year. Wilmette shows a 9.4% gain in inventory of all types of homes.Wilmette IL Real Estate continuities to be in huge demand and is a wonderful village to raise a family. The schools are great and there is so many activities available.Click Wilmette Houses for sale and Wilmette Condos for sale to see the latest inventory.Comparing a 30 day period of 2016 to 2015 that ends December 14 we have a 3.6% gain in new listings for single family homes. Closed sales are up 4.3% but the average sales price is down 8.1% to $850,912 from $925,826. The aver...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
If you have hunks of "block" styrofoam left over from holiday presents you can now recycle them in Wilmette through a special short-term program.  This type of styrofoam is used in packing appliances and other fragile goods and cannot be otherwise recycled in Wilmette.This recycling program has started and will continue through January 9, 2017.The styrofoam will be taken to ABT Electronics im Glenview where they will process it through a special machine.  The reconsistituted product is then sold to plastics manufacturers.  Total recycling and reuse!The recycling effort is offered through Go Green Wilmette and the Wilmette Public Works department through January 9 at one of four locations.  There are several provisions to keep in mind: please only drop off white "block" type of styrofoam...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette's November Property sales were 26, down -3.7% from 27 in November of 2015 and -27.8% lower than the 36 sales last month. November 2016 sales were at a mid level compared to November of 2015 and 2014. November YTD sales of 464 are running 11.0% ahead of last year's year-to-date sales of 418. The Median Sales Price in November was $713,750, up 5.7% from $675,000 in November of 2015 and up 39.6% from $511,250 last month. The Average Sales Price in November was $816,303, down -3.2% from $842,963 in November of 2015 and up 19.9% from $680,997 last month. November 2016 ASP was at the lowest level compared to November of 2015 and 2014.The Total Inventory of Properties available for sale as of November was 167, down -13.5% from 193 last month and up 5.0% from 159 ...
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By Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917
(Coldwell Banker)
Wilmette IL real estate is always in big demand. The Spring market for homes sales continued and now as we hit Thanksgiving and the holiday season sales have finally backed off as people start to think about 2017 and the Winter. We have a nice report full of interesting data for you to get an idea of what is happening in the market.Looking at the complete picture and comparing a 30 day period ending November 14 Vs the same time frame of 2015 Wilmette IL Real Estate has 5.5% less new listings yet a 12.5% gain in Closed sales. This all means a 4.7% change in inventory of all properties.Click Wilmette Houses for sale and Wilmette Condos for sale to see the latest inventory.Breaking it down further, new listings of Wilmette IL single family homes are down 17.4% from 46 during this month of ...
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By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(Baird & Warner Real Estate)
 I was reminded again last night why Wilmette is such a wonderful place to live.  I had dinner with my daughter at Nick's Neighborhood Bar & Grill and the streets in downtown Wilmette were packed.  There are so many restaurants there - good restaurants - that it's a destination for Winnetka, Kenilworth, and other nearby residents.Added to that, Wilmette real estate is still strong and it's a number one place to live whether you're looking for a single family home or a condo/townhouse.  Here's what's happening now in the Kenilworth Gardens area of Wilmette home inventory and sales:Currently for sale:  14 homesLow price:  $659,000High price:  $1,350,000Under contract or pending: 4 homesSold year-to-date:  32 homesLow price:  $474,500High price:  $1,450,000Median price:  $735,000The absorp...
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By Art Wilson, Realtor - Chicago's North Shore
(Coldwell Banker Residential Brokerage)
By Art Wilson, RealtorWilmette's October Property sales were 12, up 200.0% from 4 in October of 2015 and 50.0% higher than the 8 sales last month. October 2016 sales were at their highest level compared to October of 2015 and 2014. October YTD sales of 94 are running 28.8% ahead of last year's year-to-date sales of 73. The Median Sales Price in October was $335,750, up 20.1% from $279,450 in October of 2015 and up 26.7% from $265,000 last month. The Average Sales Price in October was $365,700, down -2.5% from $374,975 in October of 2015 and down -1.8% from $372,281 last month. October 2016 ASP was at a mid range compared to October of 2015 and 2014. The Total Inventory of Properties available for sale as of October was 39, down -7.1% from 42 last month and up 14.7% from 34 in October of...
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