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Art Wilson's Blog

By Michele & Art Wilson | Broker in Lake Forest, IL
  • Glenview IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Glenview, Home Buying in Glenview, Home Selling in Glenview  |  April 5, 2014 5:26 AM  |  110 views  |  No comments

    By Art Wilson, Realtor


    Glenview's March Property sales were 49, down -7.5% from 53 in March of 2013 and 22.5% higher than the 40 sales last month. March 2014 sales were at a mid level compared to March of 2013 and 2012. March YTD sales of 131 are running -14.4% behind last year's year-to-date sales of 153.


    The Median Sales Price in March was $498,800, up 54.7% from $322,500 in March of 2013 and up 27.5% from $391,363 last month. The Average Sales Price
    in March was $504,829, up 31.3% from $384,436 in March of 2013 and up 24.6% from $405,222 last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 182, up 7.1% from 170 last month and down -24.5% from 241 in March of last year.

    March 2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 Months Supply of  Inventory  of 3.7 months was at its lowest level compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a

    move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 39, down -47.3% from 74 days last month and down -65.2% from 112 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.


    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 98.9% was down from 100.6% last month and up from 94.3% in March of last year.


    The number of New Listings in March 2014 was 117, up 27.2% from 92 last month and down -9.3% from 129 in March of last year.


     

  • Glencoe IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  April 5, 2014 5:17 AM  |  108 views  |  No comments

    By Art Wilson, Realtor

    Glencoe's March Property sales were 4, down -66.7% from 12 in March of 2013 and 33.3% higher than the 3 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 17 are running -29.2% behind last year's year-to-date sales of 24.


    The Median Sales Price in March was $825,000, up 14.4% from $721,000 in March of 2013 and up 11.5% from $740,000 last month. The Average Sales Price
    in March was $1,403,000, up 72.2% from $814,592 in March of 2013 and up 47.6% from $950,500 last month. March 2014 ASP was at a mid range compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 61, up 5.2% from 58 last month and down -15.3% from 72 in March of last year. March
    2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 Months Supply of  Inventory of 15.3 months was at its highest level compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 124, up 153.1% from 49 days
    last month and up 106.7% from 60 days in March of last year. The March 2014 DOM was at a mid range compared with March of 2013 and 2012.

     

    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 94.7% was down from 96.3% last month and down from 95.9% in March of last year.


    The number of New Listings in March 2014 was 27, up 68.8% from 16 last month
    and up 17.4% from 23 in March of last year.

  • Evanston IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Evanston, Home Buying in Evanston, Home Selling in Evanston  |  April 5, 2014 4:54 AM  |  128 views  |  No comments

    By Art Wilson, Realtor


    Evanston's March Property sales were 59, down -15.7% from 70 in March of 2013 and 51.3% higher than the 39 sales last month. March 2014 sales were at a mid level compared to March of 2013 and 2012. March YTD sales of 138 are running -14.8% behind last year's year-to-date sales of 162.


    The Median Sales Price in March was $259,000, down -20.8% from $326,950 in March of 2013 and down -7.5% from $280,000 last month. The Average
    Sales Price in March was $302,823, down -16.2% from $361,571 in March of 2013 and down -6.8% from $324,910 last month. March 2014 ASP was at the lowest level compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 247, equal to 247 last month and down -19.5% from 307 in March of last year. March
    2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 Months Supply of  Inventory of 4.2 months was at its lowest level
    compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a

    move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 75, up 19.0% from 63 days last month and down -6.3% from 80 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

     

    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 100.1% was up from 98.3% last month and up from 96.5% in March of last year.

    The number of New Listings in March 2014 was 158, up 42.3% from 111 last month and down -0.6% from 159 in March of last year.

  • Deerfield IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Deerfield, Home Buying in Deerfield, Home Selling in Deerfield  |  April 3, 2014 4:26 PM  |  122 views  |  No comments

    By Art Wilson, Realtor

    Deerfield's March Property sales were 19, down -44.1% from 34 in March of 2013 and 26.7% higher than the 15 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 54 are running -12.9% behind last year's year-to-date sales of 62.


    The Median Sales Price in March was $305,000, down -12.2% from $347,500 in March of 2013 and down -30.7% from $440,000 last month. The Average
    Sales Price in March was $450,447, up 22.5% from $367,691 in March of 2013 and down -1.5% from $457,284 last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 78, up 5.4% from 74 last month and down -25.0% from 104 in March of last year. March
    2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 MonthsSupply of Inventory of 4.1 months was at a mid range

    compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a

    move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 48, up 2.1% from 47 days last month and down -36.0% from 75 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

      

    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 96.0% was down from 98.2% last month and down from 96.3% in March of last year.


    The number of New Listings in March 2014 was 64, up 77.8% from 36 last month
    and up 39.1% from 46 in March of last year.

  • Highland Park IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Highland Park, Home Buying in Highland Park, Home Selling in Highland Park  |  April 3, 2014 4:12 PM  |  124 views  |  No comments

    By Art Wilson, Realtor

    Highland Park's March Property sales were 23, down -32.4% from 34 in March of 2013 and 27.8% higher than the 18 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 64 are running -24.7% behind last year's year-to-date sales of 85.

    The Median Sales Price in March was $391,500, up 6.7% from $367,000 in March of 2013 and down -19.7% from $487,500 last month. The Average Sales Price in March was $466,035, up 12.2% from $415,276 in March of 2013 and down -15.5% from $551,350 last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 148, up 1.4% from 146 last month and down -38.8% from 242 in March of last year.

    March 2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 Months Supply of  Inventory of 6.4 months was at its lowest level
    compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a

    move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 96, up 118.2% from 44 days last month and down -36.8% from 152 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.


    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 94.7% was down from 96.5% last month and up from 93.4% in March of last year.


    The number of New Listings in March 2014 was 77, up 18.5% from 65 last month
    and up 8.5% from 71 in March of last year.

  • Lake Bluff IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Lake Bluff, Home Buying in Lake Bluff, Home Selling in Lake Bluff  |  April 3, 2014 4:02 PM  |  123 views  |  No comments

    By Art Wilson, Realtor

    Lake Bluff's March Property sales were 11, up 57.1% from 7 in March of 2013 and 57.1% higher than the 7 sales last month. March 2014 sales were at a mid level compared to March of 2013 and 2012. March YTD sales of 29 are running -3.3% behind last year's year-to-date sales of 30.

    The Median Sales Price in March was $385,000, up 28.3% from $300,000 in March of 2013 and down -58.2% from $920,000 last month. The Average Sales Price in March was $461,841, up 26.0% from $366,500 in March of 2013 and down -53.8% from $1,000,500 last month. March 2014 ASP was at highest level compared to March of 2013 and 2012.

    The Total Inventory of Properties available for sale as of March was 63, up 16.7% from 54 last month and up 12.5% from 56 in March of last year. March 2014 Inventory was at a mid range compared to March of 2013 and 2012.

    The March 2014 Months Supply of Inventory of 5.7 months was at its lowest level compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 109, up 118.0% from 50 days last month and up 12.4% from 97 days in March of last year. The March 2014 DOM was at a mid range compared with March of 2013 and 2012.

     

    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 95.8% was down from 96.1% last month and down from 97.1% in March of last year.

    The number of New Listings in March 2014 was 30, up 100.0% from 15 last month and up 50.0% from 20 in March of last year.

  • Winnetka IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Winnetka, Home Buying in Winnetka, Home Selling in Winnetka  |  April 3, 2014 3:48 PM  |  124 views  |  No comments

    By Art Wilson, Realtor

    Winnetka's March Property sales were 12, down -14.3% from 14 in March of 2013 and 20.0% higher than the 10 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 29 are running 7.4% ahead of last year's year-to-date sales of 27.


    The Median Sales Price in March was $824,500, up 10.3% from $747,500 in March of 2013 and down -11.1% from $927,500 last month. The Average Sales
    Price in March was $1,066,542, up 28.7% from $828,464 in March of 2013 and up 16.1% from $918,900 last month. March 2014 ASP was at a mid range compared to March of 2013 and 2012.


    The Total Inventory of Properties available for sale as of March was 117, up 9.3% from 107 last month and down -1.7% from 119 in March of last year. March
    2014 Inventory was at the lowest level compared to March of 2013 and 2012.


    The March 2014 Months Supply of Inventory  of 9.8 months was at a mid range
    compared with March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.


    The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a

    move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 72, up 5.9% from 68 days last month and down -40.0% from 120 days in March of last year. The March 2014 DOM was at its lowest level compared with March of 2013 and 2012.

     

    The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The March 2014 Selling Price vs List Price of 96.6% was up from 94.1% last month and up from 92.9% in March of last year.

    The number of New Listings in March 2014 was 56, up 27.3% from 44 last month and up 16.7% from 48 in March of last year.

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