The Wilmette Real Estate report for March 2016 has just come in and is very positive. The numbers are really surprising and shows how popular Wilmette IL real estate is these days. People really love Wilmette and the Spring market is booming a little early. We are seeing a 33.8% gain in new listings for all properties and a 31.6% gain in closed sales. A good bit of information is that Wilmette has a 25.7% gain of inventory of homes, that includes all types of property. People are putting their homes on the market if they want to sell and they are successful in selling them.
Taking a look at single family homes. Wilmette has a 23.8% gain in new listings and a 100% gain in under contract properties, last year at this exact time there were 30 homes under contract, today that number is 60. We see a 21.4% gain in closed sales of houses in Wilmette and the average sales price is down 22.5% from $1,032,643 last year at this time to a present figure of $800,541. Also average market time is up 36.6% to 138 days on the market before a contract from last year’s figure of 113 days.
Wilmette does not have many condominiums but we have a 112% gain in new listings this month and the stats for under contract is flat, 7 condos last year and the same number at this time. There is a 60% gain in closed condo sales and the average sales price is up 43.6% to $333,625 from last year’s $232,400. The average market time is down 31.6% to only 52 days on the market from last year’s 76 days
If you have any questions please contact us at Coldwell Banker Wilmette (800) 858-7917.