The Wilmette IL Real Estate January 2016 market update has just come out. The statistics are really strong. We have a 23.5% gain in new listing for all types of property, 3.5% more closed sales of all types of property and a 23.1% gain of inventory. This is a sign of a booming Wilmette IL real estate market. To break it down further, in single family homes Wilmette IL has a 12.5% gain is new listings for single family homes, 11.8% less under contract houses for December of 2015 compared with the same period the prior year. The average sales price for houses is up 16.1%. We have a 30.9% gain in inventory of single family homes for December, in 2014 we had 81 new homes come on the market and in December of 2015 that number was 106.
Wilmette does not have many condominiums, in this period we have a 200% gain in new listings of condos, 14.3% less under contract properties yet a 100% gain in closed sales in December and the average sales price is up 39.2%. The average time on the market before a contract is accepted is up 47.2% to 156 days as compared to 106 days in December of 2014.
If you want to check the multiple listing service on your own, click Wilmette IL Real Estate. You will be directly connected to to the most up to date properties, updated on the fly and the same Real Estate we Realtors have access to. Browse freely with no obligation.
Currently we have 107 single family homes for sale in Wilmette and 37 properties under contract and waiting to close. In the last 30 days, 45 houses have closed and are sold. In the condo scene there are currently 26 condominiums for sale in Wilmette and 12 under contract and waiting to close. In the last 30 days 6 condos have closed in Wilmette and are now sold.
If you have and questions about Wilmette IL or its Real Estate, contact Coldwell Banker Wilmette.