A glut of homes in Kenilworth?

Having lived in Kenilworth for 5 years some time back, I can vouch for the fact that it’s an exceedingly pleasant, low-key, and friendly place to be. Unless, that is, your home is currently on the market.

According to a Wall Street Journal article, Kenilworth has become a veritable poster child for the upper-end market, where “sales remain mired in a deep slump and price declines are expected to accelerate. the upper end, sales remain mired in a deep slump and price declines are expected to accelerate.”

The Journal reports that 65 homes are on the market in Kenilworth – nearly 1 in 12 of the tiny village’s housing stock – and a shockingly high number by historical standards. The median asking price is still hovering near $2 million, but at least one 3 bedroom, 3 bath home can be had for under $500k, complete with a 2 ½ car garage. Only one new construction home is available, in the $2M range.

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