Wilmette IL Real Estate September 2017 reporting has come out. The stats are interesting. The difference between the single-family situation and the condominium scene is interesting. There are few condos in Wilmette and that is the reason for this.
Looking at the complete market statistics shows 10.3% less new listings. Closed sales are down by 9.3%. We have a negative 16.7% change in inventory of all types of property. Remember we are viewing a 30-day time frame and comparing it to the same period of 2016.
Looking at the Wilmette IL single family home scene shows 7% less new listings. Under contract houses are up by 61.1%/ Closed sales are down by 15%. The averages sales price for a Wilmette house has gone up by 9.1% to $885,594. The average market time before a contract has dropped by 1.3% to 77 days.
Moving on to Wilmette Condos shows us 20% less new listings. There is no change in under contract properties. Closed sales of condominiums in Wilmette are up by 7.1%. The averages sales price is up 38.7% to $364,000. The average market time before a sale is down by 49.8% to 102 days.
These figures show a very busy and in demand real estate market in Wilmette. People love the cobblestone, tree lines streets. A great village to raise a family and a quiet place to call home. I have always loved Wilmette IL.
As a kid growing up in Winnetka I had many friends in Wilmette. Both communities are in the New Trier district and when I went to high school I became very familiar with the town. Many people want to live in this great location sitting on the banks of Lake Michigan.
Wilmette IL Real Estate September 2017
Call us day or night at (800) 858-7917 if you have any questions or want help with the Wilmette Real Estate market. Coldwell Banker Wilmette is here to help you.