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Wilmette's November Homes Sales

Contracts written on Wilmette homes in November were up 75 percent.

There were 14 single-family home closings in Wilmette this November. That is down from November of 2011 when 18 homes closed so it was not a great month for closings.

However, the number of contracts written on Wilmette homes this November was 21 which compares with only 12 written in November of 2011. That is a 75 percent increase in contracts written.

I think this bodes well for the market in 2013.

Typically the market is fairly quiet in November, but this year, it is continuing to chug right along. It appears to be setting the stage for a strong 2013 market that will likely kick into gear earlier than is typical. 

In addition, inventory is extremely low. There are just 72 single-family homes actively on the market right now that are not under contract. That is about a two-and-a-half month supply.

Homeowners wanting to sell in 2013 should get their homes on early in the year to take advantage of this low inventory and the fact that there are active buyers in the market.

Here are the homes that closed this November:

Street #

Street Name

MT

Original List Price

Sold Price

801

Leamington Ave.

70

$219,900

$219,900

636

Leamington Ave.

10

$279,000

$271,000

3303

Wilmette Ave.

11

$335,000

$341,000

2940

Lake Ave.

125

$430,000

$375,000

1303

Maple Ave.

20

$525,000

$495,000

1216

Middlebury Ln.

188

$619,000

$550,000

701

Linden Ave.

52

$650,000

$600,000

220

Locust Rd.

41

$679,900

$670,000

115

DuPee Pl.

4

$715,000

$715,000

2611

Kenilworth Ave.

5

$739,000

$719,500

435

Cove Ln.

137

$899,000

$740,000

311

4th St.

63

$850,000

$786,000

629

Gregory Ave.

8

$1,049,000

$1,000,000

1327

Washington Ave.

64

$1,295,000

$1,250,000

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Willie Wilmette December 12, 2012 at 03:04 PM
What does MT mean - days on market? Low inventory? Who wants to sell at these low prices?
John Nash December 12, 2012 at 10:00 PM
MT Means market time

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