By close of October 2013, sales of detached single-family homes in Wilmette were up by 4.9 percent compared to the same period last year. Year-to-date, 320 detached single-family homes have been sold compared to 305 detached single-family homes sold YTD in October 2012. The median 2013 YTD sale price in October was $637,000, up 6.2 percent compared to $600,000 in October 2012.
In Kenilworth, sales of detached single-family homes in Wilmette were up by 64.3 percent as of Oct. 31, compared to the same period last year. Year-to-date, 46 detached single-family homes have been sold compared to 28 detached single-family homes sold YTD in October 2012. The median 2013 YTD sale price in October was $914,000, down 9.3 percent compared to $1,008,000 in October 2012.
“Steady sales have been driven by committed buyers looking to capitalize on this opportune market to buy,” said REALTOR Jim Votanek, president of the North Shore-Barrington Association of REALTORS® (NSBAR), and sales support manager with Baird & Warner, Barrington.
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Job creation, consumer confidence, and lower interest rates continue to be attractive to first-time and move-up buyers on the fence. Buyers are savvy about making decisions regarding a short list of needs, and limiting their search to specific must-have qualities. A buyer’s first showing is initially done online. By the time they commit to visiting a property, they have already considered what they can afford, and are ultimately looking to determine if they can visualize their life in the space they’re walking through.
Votanek also said that with a lower supply of homes available, sellers who price their home compellingly can sell in record time, and even find themselves with multiple offers, if their home is show-ready and they are committed to a move.
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“The North Shore-Barrington market remain attractive options for buyers for the housing options and invaluable communities our REALTORS help create with the right combination of residential, commercial and transportation access through the region,”Votanek said.
Sales and price information is generated by NSBAR with Midwest Real Estate Data.
The North Shore-Barrington Association of REALTORS® (NSBAR) represents more than 3,300 practitioners in residential and commercial real estate. Since 1919 it has been the area’s leading advocate for private property rights and a healthy real estate environment. Visit NSBAR online at www.NSBAR.org.
