Presenting the Wilmette IL Real Estate market report for August of 2016. We are going to go through what is going on in the last month and compare this data to the same
one
month time frame of one year ago. This data is through August 15th
2016 so it's is an accurate report if you get to see this soon. Our
analogy will help you see what is going on but if you want to see even
more, we have a nice chart at the end of this report that you may find
useful.
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| The Village of Wilmette |
Wilmette
Real Estate is really selling fast. There is a shortage of
inventory and if you are pondering a move you will be successful.
Successful in getting a fair market value for your property. Viewing the whole market we see 21.1% less inventory of all properties and 22.8%
less closed sales during this one month time frame as compared to the
same period of 2015. We have 4.1% less inventory of homes.
Click Wilmette Homes for sale and Wilmette Condos for
sale to see the latest and most up to date inventory of available
property directly from the Multiple listing service (MLS).
Looking at Wilmette Real Estate and single family homes we have 21.3% less
new listing, we have 63 and last year in July through yesterday we had
80 houses going on the market. Under contract homes are up 19.2% with 31
homes Vs 26 last year at this time. Our average sales price for a house
in Wilmette is up 6.7% to $949,517 from last year's $890,159. The
average market time is up 68% to 84 days from last year's 50 days. This
due to the continuing increase in value of houses in Wilmette.
Looking
at Wilmette IL Real Estate and the condominium scene we have 20% less
new listings, and 85.7% under contract condos with 13 units as opposed
to 7 last year. There are very few condos in Wilmette IL. The average
sales price for a condo in Wilmette is currently $285,880 and last year
at this time it was $353,318 a 19.1% decrease in value. The average
market time for a condo is currently 92 days and one year ago it was 86
days. That is a 7% gain.
If
you have any questions about Wilmette IL Real Estate or the community
feel free to give us a call or use access our web site Coldwell Banker
Wilmette.
Understanding your Expectations and Exceeding them
(800) 858-7917
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