Why does it seem Wilmette is so quiet? No questions; few listings. Not much going on.

Asked by Don Shea, Evanston, IL Thu Feb 26, 2009

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Lydia DeLeo, Agent, Wilmette, IL
Sat Oct 13, 2012
According to data provided via the MLS, Wilmette is among the most active villages in terms of number of properties exchanging hands over the past year, with an increase in single family home sales of 19%. Much has to do with the median price point homes are selling, which in Wilmette is $605,000. Homes in the 400K-700K range are moving rapidly, however the 1 million plus homes are lingering, as Jumbo loans are harder to come by. Having said that, you are right in that not much new has come on the market of late in Wilmette.....and of the Villages comprising New Trier Township Wilmette has the least amount of inventory available, hovering around 4.6 months. So clearly if you are a seller...this is a good time to consider putting your home on the market because there is very little competition. As for buyers....this is the time you need an experienced agent who will keep you apprised of new properties as they come on, as well as have first hand information regarding properties not yet listed on the MLS. For more local information regarding Wilmette's local housing inventory visit NewTrierLiving.info .

Lydia DeLeo
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Joe Zekas, Other Pro, Chicago, IL
Wed Apr 1, 2009
Is Jessie James a real person or a mis-spelling of Jesse James the outlaw?

Wilmette's population is about 27k.
Web Reference:  http://yochicago.com
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Maria Reid, Agent, New York, NY
Wed Apr 1, 2009
Wilmette has a larger population than Winnetka. It is also closer to the city of Chicago - therefore maybe that's why it has 2 more sales than Winnetka. I think Winnetka's population used to be 13000 whereas Wilmette's is18000 in population. So go figure which one is more quiet? Have you checked how many listings there are currently in Wilmette and compare them with Winnetka? Both are very active towns. What do you mean by quiet??? If you mean sales activity, isn't everywhere quiet more or less? Nothing is like 2007 or before that. Is that what you mean by quiet???
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Don Shea, Agent, Evanston, IL
Fri Feb 27, 2009

WIlmette is a quiet town. That's why we've lived there for more than 16 years. But I was referring to a true lack of substantive "noise" in real estate activity. There has been a substantial drop (> than 25%) in listing activity YTD versus the same period last year. Interestingly, there have been 18 closed deals, the same as last year. Go figure. But the market lacks any "news" or scuttlebutt.

Winnetka's had over 70 "new" listings - with a smaller population. (But only 14 sales.) Even with the negative news in the financial markets, job market, etc., I expected a little more activity in Wilmette.

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Joe Zekas, Other Pro, Chicago, IL
Thu Feb 26, 2009
Wilmette's a quiet place. Has been as long as I've lived here.

Few questions because no agents are putting up shill questions that they answer themselves.

And, Wilmette's an easy place to understand.

I've always thought Wilmette was a bargain compared to other New Trier-district suburbs. What's your take on that, Don?
Web Reference:  http://yochicago.com
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