North Shore Homes - Winnetka, Wilmette, Glencoe, and Kenilworth
By Margaret Goss, Chicago's North Shore & Winnetka Real Estate
(@Properties)
North Shore Homes - Winnetka, Wilmette, Glencoe, and Kenilworth Tuesday mornings mean real estate broker tours for new homes on the market in Winnetka, Wilmette, Glencoe and Kenilworth (Wednesdays for Northfield.) This past Tuesday was depressing for the simple reason that I saw too many new overpriced homes in a saturated market of overpriced homes. Month after month I write posts and present statistics that show the ratio between the list price, sell price, and days on market. Overpriced listings will almost always sell for a large discount (check my posts - some for as much as 60% for non-distressed properties) and take a very long time to sell. The homes that are priced to sell (perhaps even underpriced to draw volume) sell quickly and for around 95% of list price. Why would ...
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