A year later, $200K less in Wilmette

The 5-bedroom, 4 ½ bath, 2-car garage home on a corner lot at 1418 Elmwood Ave in Wilmette had only been on the market for 5 days when I visited an open house last January 31. It was priced at $1,047,000.

The open house attracted a steady stream of buyers, and I hung around for over an hour, chatting with buyers while I waited for a quiet moment to talk to the real estate agents, Linda Martin and Cliff Breslow of Coldwell Banker. We chatted about the strong buyer interest in the property, what seemed to be a promising start to the year, and impact of staging on the main living areas.

The home, which the agents described at the time, as “a lot of home for the money,” popped up on my radar today as a new listing – priced at $849,000 after four price reductions.

For nearly a year buyers have apparently viewed this as “a lot of money for the home.” At $849K will they now agree that it’s a lot of home for the money?

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