Home Buying in 60091>Question Details

hulk, Real Estate Pro in 60091

Do any houses sell in Wilmette between Thanksgiving and the Super Bowl?

Asked by hulk, 60091 Fri Nov 21, 2008

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Doug,

I am sure you are wrestling with whether or not you want to keep your house on the market during the holidays - many people do. Keep in mind however that you house can't sell if it isn't being made available. You probably won't get many, but the good news is that the showings you get during this time will be from serious buyers - who wants to spend their time kicking tires on houses during the holidays?

Good Luck!!

Cameron Piper
Web Reference: http://www.campiper.com
0 votes Thank Flag Link Fri Nov 21, 2008
Just checking back with you, Doug. Did you keep your home on the marekt thru the holidays? Di it sell? What was your experience.
0 votes Thank Flag Link Tue Jan 22, 2013
Hi Doug,
If you are thinking about selling, you might want to see my latest market report for Winnetka.

http://www.trulia.com/blog/art_wilson/filter/location/Winnet…
0 votes Thank Flag Link Wed Jan 9, 2013
Homes DO sell in that time period. Some of the most motivated Sellers leave their property on the market during this time period. In our office, a very big, active office, we keep lists of properties called "exempts" which are properties that the owners do not want in the Multiple Listing Service until later in January. These properties can be shown and many times are sold over this time period.
0 votes Thank Flag Link Fri Nov 2, 2012
The Holiday's up through Super Bowl Sunday do tend to be the slowest time of the year in terms of properties exchanging hands, as people like to be settled in there homes to enjoy "The holidays". Having said that, homes do sell during this period of time, as serious buyers that are out looking, often relocating to the area, need to find a home. Typically there is very little inventory on the market, meaning less competition for the seller.....so actually it can be quite an effective strategy, especially this coming 2012 Season. Right now inventory is incredibly low in Wilmettte.....we're down significantly from years past and for those of you that follow the "absorption rate".....we're at around 4.5 months which is low. For more information regarding the lack of local housing inventory....check out NewTrierLiving.info.
0 votes Thank Flag Link Tue Oct 16, 2012
Inventory is low right now by the way and I have two buyers for Wilmette. We need nice sale-able inventory. If this is your home call a broker right away! Preferably me!
0 votes Thank Flag Link Wed Oct 10, 2012
As a seller I would definitely keep my home on the market if I could stand the interruptions during the holidays. How can you sell the home if it's not on- preferably priced IN the market. Many homes during this time look their most festive and there is ALWAYS the relocation buyer pool that NEED housing.
0 votes Thank Flag Link Wed Oct 10, 2012
Absolutely, Many of the other answers have given the stats from the last year. I can say from 16 years of selling in Wilmette that there are always sales between Thanksgiving and the Super bowl. Some years more than others, but there are always sales and there is nothing wrong with being listed during that time period. I have sold some of my listings during that time. johnnash.homes@gmail.com
0 votes Thank Flag Link Sat Aug 29, 2009
An update for this season: between Nov 27, 2008 and Feb 1st, 2009 there were 34 properties closed in Wilmette in the price range from $165K to $4,400K. Wilmette is a part of the North Shore Communities I work with. Feel free to contact me with more questions.
0 votes Thank Flag Link Sun May 24, 2009
Doug: The short answer to your question is that with the right price, a house will sell regardless of season.

Nine properties not only agreed to a contract since Nov 1 but have also closed. (That's roughly the time frame of your question.) Another 8 agreed to a contract and are still wating to clear contingencies in that period. Interestingly those that are waiting to clear contingencies had an average market time of nearly 390 days (it took a long time for most of them to reduce their original price to one that was finally meaningful to a buyer.) Those that have closed had a market time of under 200 days. Apparently they seemed to get the message faster. NB: I do know that several of the closed properties also had major price reductions and a few "re-launched" the listing thus reducing market time. But, they have sold and are on other things.

There is always a buyer for a house. Buyers are just more selective and they know time is on their side. My advice to my listing clients is, Price Is Critical. We need to be ahead of the buyers and competitive properties that are listed as ACTIVE. Using a Sold property as pricing guide is are not as meaningful as it was two years ago. You need to be concerned with current competition.

DS
0 votes Thank Flag Link Tue Jan 6, 2009
To answer your question more specifically, in Wilmette, 26 single family homes closed last year with a contract date between Thanksgiving and the Superbowl. Price range was $271k to $4.3M.
0 votes Thank Flag Link Fri Nov 21, 2008
As an agent, I historically stay pretty busy during this period. It's not unusual for buyers to come out to view homes when they have more potential time away from work.

If your looking to sell, you should definitely keep the house on the market. Undoubtedly, serious buyers feel they can get their best deal during the holidays.

If you're looking to buy, it's a great market and a great time of year to get a good deal.
0 votes Thank Flag Link Fri Nov 21, 2008
Doug,
The serious buyers are very active during this time frame. If one "needs" to buy they are looking everyday. Sellers should keep their homes on the market during this time as well because there are fewer homes on the market, creating less competition. I'm based in Winnetka and would be willing to share actual numbers showing past activity during the holidays.
0 votes Thank Flag Link Fri Nov 21, 2008
Doug, The actual holiday meal is what? 3 hours, 4 hours, mayby 10 am Thurs to 6 pm thurs evening? If you are selling, and having your celebration then and just do not want to be bothered, put a message on the machine that says do not show during those hours. Remember, there are a lot of people in town that are not normally there during this holiday, or any holiday. I would not give up the opportunity. Besides, as heritical as it seems, there are a lot of people out there that a. hate football, b. do not have much family and it is just another day off. These guys are going to make good use of the time. Also, folks looking in off times tend to be a bit more serious because why would you be doing this now if you were not serious. December and January in my market are like that. I do not recommend my sellers take their home off the market at that time. If you are a buyer, you might find the good of this time of year is the sellers available are really motivated to sell. The down side is a lot of people go off market and there is less to look at. Good luck which ever way you are working this. Dave Atherton
Web Reference: http://MyCountryHomes.com
0 votes Thank Flag Link Fri Nov 21, 2008
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