In Wilmette, the March numbers have been trending up postively in the past couple years. Inventory is DOWN over 40% from the same period last year. Â If you have been holding off on selling for some time, the low inventory has focused the buyers to look at whatever is on the market, so now provides a great opportunity to have more people see your home. Â This doeesn't mean you can severely overprice your home, but if you've tried selling before with no luck, now is a great time to try again.
By the numbers:
Â March Property sales were 26, up 23.8% from 21 in March of 2012 and 100.0% higher than the 13 sales last month. March 2013 sales were at their highest level compared to March of 2012 and 2011. March YTD sales of 58 are running 7.4% ahead of last year's year-to-date sales of 54.
The Median Sales Price in March was $381,250, down -18.2% from $466,000 in March of 2012 and up 15.5% from $330,000 last month. The Average Sales Price in March was $521,808, down -6.0% from $555,032 in March of 2012 and down -1.0% from $527,231 last month. March 2013 ASP was at the lowest level compared to March of 2012 and 2011.
The Total Inventory of Properties available for sale as of March was 114, up 0.9% from 113 last month and down -40.6% from 192 in March of last year. March 2013 Inventory was at the lowest level compared to March of 2012 and 2011.
The numbers don't lie. If you want to see how I would position your home in today's market, don't hesitate to contact me