Homes Sold in Winnetka (September 2011)

You earned it. You bought it. You loved it. Now you want to sell your Winnetka home.

Last month, 26 Winnetka homeowners sold their homes.

Currently, 226 are for sale.

9 months are required to sell current inventory.

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.

What does the future hold for Winnetka real estate?

Only this …

You can’t change the past.

You cannot predict the future.

You can only deal with the present.

I know this isn’t the answer you were looking for.

But if I told you anything else — like real estate is about to explode and prices will skyrocket through the roof — you wouldn’t believe me.

I could tell you to sell now by arguing the market will get even worse next year.

But I really don’t know what the market will be like next week much less 12 months from now.

I could tell you to wait until the market bounces back.

But I don’t know when it’ll bounce back. Or bottom out. Or how fast … or slow … the recovery will be when it finally happens.

This I do know.

When the market reaches bottom, it could take less than 10 years to regain the top. Or more than 30 years. Or anything in between.