February Housing Stats for Winnetka, Wilmette, Kenilworth & Glencoe (And What Does an Elephant Have to do With It?)
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
February Housing Stats for Winnetka, Wilmette, Kenilworth & Glencoe - and the craziness continues! What do I mean by that? I have consistently shown month after month that listing your house for sale for too high a price will result in: a long wait to sell less money in the end It's really that simple. February sales for Winnetka, Wilmette, Kenilworth and Glencoe are still going at an average of 76% of the original list price (almost idential to January.) This number does not reflect one foreclosure and one short sale that I removed from the totals (which sold for 49% and 63% respectively.) Days on market have been longer than it takes a baby elephant to come to term in the womb. Only four houses sold in under 1 week one sold in 6 weeks three sold in under three months and the rest...
Comments
3