Kenilworth, Winnetka Housing Markets Hold Their Own

Both Kenilworth and Winnetka have seen increased average prices and number of homes sold for the past 12-month period for homes more than $3 million. 

The average home more than $3 million has increased in value approximately 5 percent over the previous year. The number of homes sold between $4 Million and $7 Million increased to six, up from the two homes that were sold in this price range the previous year. This is for the combined area of Kenilworth and Winnetka.

The $3 to $4 Million price point has been solid, with many homes changing hands. Twelve homes have sold in Winnetka and Kenilworth over the past 12 months. However, there are currently 18 homes for sale between 3 and 4 Million.

Don't be fooled though, the inventory is increasing and competition is increasing this time of year. Thoughtful, accurate pricing is the first step to success. In addition, there are a number of homes that have sold quietly, that are not part of these numbers. I myself just put a Kenilworth home under contract between $3 and $4 Million that was not actively marketed. I am also working on another for $7 Million. The markets in Kenilworth and Winnetka are currently holding their own.