Wilmette housing market updates

After wrapping up a note on a $200,000 price reduction on a home at 1418 Elmwood Ave in Wilmette, I moved on to reading the latest reports on price stability and increased activity in the Wilmette market.

First up on my reading list was a Wilmette Patch article reporting a sharp increase in sales of single-family homes during 2010, accompanied by a modest increase in prices and decrease in market times.

North Shore Views presented a more fine-grained look at the Wilmette sales data, reporting by elementary school attendance area.

The Central School area in East Wilmette saw a 19% increase in sales, a 3% increase in median price, a 17% increase in average price and a 20% decrease in market times.

Head over to the always-informative North Shore Views for the details on the McKenzie (Central Wilmette) and Romona (West Wilmette) neighborhoods.

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