Wilmette single family home sales - High end market takes off

 

Our clients are looking to move from Chicago to Wilmette for a larger yard. All photos Eric Rojas, Broker, Kale Realty.  

We've been hot on the trail of Wilmette single family homes priced in the $900,000 to $1.2M range this year. Despite acting quickly and aggressively each purchase offer we've made has resulted in a multiple offer situation. We suffered a loss just last weekend. Rising interest rates have not seemed to affect demand in this price-point...yet. 

Let's take a look at recent Wilmette single family home sales. 

Wilmette Single Family Home Sales January 1st to June 25th (year over year)

$2,000,000 is a mere drop in the bucket for Wilmette lakefront homes. All photos Eric Rojas, Broker, Kale Realty.

162 single family homes have sold in Wilmette from January 1st to June 25th of 2022.  The median price of a sold home is $900,000. Thirteen homes sold for over $2M. That's only two less than the past five years combined (same period year over year).

The highest priced sold home sold this year is 1330 Chestnut Avenue, Wilmette IL 60091 for $4,950,000.
The lowest priced sold home this year is 535 Leclaire Avenue, Wilmette IL 60091 for $292,600.

How do the 2022 first-half sales stack up against the pre-pandemic market? 

In 2017, 195 homes sold with a median price of  $710,000. One home sold over $2M.

In 2018, 209 homes sold with a median price of about $815,000.  Seven homes sold over $2M.
In 2019, 186 homes sold with a median price of $619,000. Interestingly no homes sold over $2M

The pandemic hit in the middle of spring market 2020. 

Over January 1st to June 25th of 2020 only 140 homes sold with a median price of $720,000.  Three homes sold over $2M. Over the same period of 2021... when the real estate sales phenomenon really hit...  a robust 227 homes sold with a median price of  about $865,000. Four homes sold over $2M. 

Under Contract! Lincoln Square condo on convenient North Damen Avenue

 

The condo building at 4856 N Damen, Chicago IL 60625 in the Lincoln Square/ Ravenswood neighborhood.

We recently helped our awesome clients secure a two beds, two baths condo with garage parking along the North Damen Avenue commercial district of Lincoln Square. 4856 N Damen Avenue #2 is asking $429,900. We once again faced a multiple offer situation in this tight market. Our clients made a swift, strong and professional offer. After some negotiations the sellers accepted our offer and were now cruising to the closing.

The 4800 to 5000 blocks of North Damen Ave feature newer construction condo buildings and convenient shops, cafes and restaurants. The Damen Brown Line is two block away. 
 

The Damen corridor is popular among condo buyers (condo/ attached units/ townhomes). The median price of a condo sale along the 4600-5200 Blocks of North Damen in Lincoln Square is a hefty $485,000 over the past 12 months.  The highest priced condo sale is 4854 N Damen Unit 3 for $881,950.  The three bedrooms new construction penthouse features a walk-out roof-top deck.

The lowest priced condo sold over the last 12 months is 4737 N Damen, Unit 2F for $317,500. 

Andersonville condo sales steady year over year (new duplex-down listing coming soon!)

 

We'll be listing a three bedrooms duplex-down condo at 5135 N Ashland later this week. The great looking home is located just steps from popular Andersonville restaurants, shops, bars, services and awesome street fests! 

Here's a look at Andersonville condo sales (attached units, townhouses) so far in 2022.

5135 N Ashland is located just around the corner from iconic Andersonville businesses like Hopleaf and Simon's as well as the Swedish American Museum. 

For Andersonville sales comparison purposes I use the area from North Broadway to North Ravenswood and West Argyle to West Bryn Mawr. The area is is in close proximity to the attractive North Clark Street retail district.

Andersonville condo sales

72 condos sold in the greater Andersonville sales area above from January 1st to June 3rd, 2022. The median sales price of a condo in this area is about $365,000 this year.  The highest price for a sold condo is $895,000 at 1721 W Berwyn #3, Chicago IL 60640 . The four bedrooms, two and one-half unit featured a huge walk-out roof deck and garage parking.

19 three bedrooms condos sold with a median price of about $620,000. 

37 two bedrooms condos sold with a median price of about $355,000

15 one bedroom condos sold with a median price of  about $210,000. 

Same period (year over year) condo sales January 1st to June 3rd

2022, 72 condos sold with a median price of about $365,000

2021, 77 condos sold over the same period with a median price of about $365,000

2020, 50 condos sold with a median price of  $351,000

2019, 64 condos sold with a median price of about $355,000

2018, 57 condos sold with a median price of about $310,000

All statistics pulled from MREDLLC.com 
All listings mentioned here are exclusively listed by 
Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

312-939-5253