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Art Wilson's Blog

By Michele & Art Wilson | Broker in Lake Forest, IL
  • Winnetka IL Real Estate Market Action Reprt July 2014

    Posted Under: Market Conditions in Winnetka, Home Buying in Winnetka, Home Selling in Winnetka  |  July 16, 2014 6:04 PM  |  57 views  |  No comments
    By Art Wilson, Realtor

    Winnetka's June Property sales were 27, down -50.9% from 55 in June of 2013 and -6.9% lower than the 29 sales last month. June 2014 sales were at their lowest level compared to June of 2013 and 2012. June YTD sales of 105 are running -21.1% behind last year's year-to-date sales of 133.
     
    The Median Sales Price in June was $1,300,000, up 40.5% from $925,000 in June of 2013 and up 2.4% from $1,270,000 last month. The Average Sales Price in June was $1,286,750, down -2.9% from $1,325,395 in June of 2013 and down -9.8% from $1,426,738 last month. June 2014 ASP was at the lowest level compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 165, up 5.8% from 156 last month and up 34.1% from 123 in June of last year. June 2014 Inventory was at highest level compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 6.1 months was at its highest level compared with June 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 June was 70, equal to 70 days last month and up 27.3% from 55 days in June of last year. The June 2014 DOM was at a mid range compared with June of 2013 and 2012.
     
    The Selling Price vs Listing Price reveals 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 June 2014 Selling Price vs List Price of 95.7% was up from 94.6% last month and down from 95.9% in June of last year.

    The number of New Listings in June 2014 was 58, down -9.4% from 64 last month
    and up 23.4% from 47 in June of last year.

  • Wilmette Il Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Wilmette, Home Buying in Wilmette, Home Selling in Wilmette  |  July 16, 2014 5:46 PM  |  57 views  |  No comments

    By Art Wilson, Realtor

     

    Wilmette's June Property sales were 61, down -14.1% from 71 in June of 2013 and 13.0% higher than the 54 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012. June YTD sales of 237 are running 6.3% ahead of last year's year-to-date sales of 223.

     The Median Sales Price in June was $795,000, up 13.9% from $698,000 in June of 2013 and up 25.8% from $632,000 last month. The Average Sales Price in June was $819,907, up 9.0% from $752,098 in June of 2013 and up 4.5% from $784,301 last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 124, up 6.9% from 116 last month and down -19.0% from 153 in June of last year. June 2014 Inventory was at the lowest level compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 2.0 months was at its lowest level compared with June 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 June was 34, down -35.8% from 53 days last month and equal to 34 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 June 2014 Selling Price vs List Price of 96.4% was down from 96.9% last month and down from 97.3% in June of last year.

    The number of New Listings in June 2014 was 75, down -18.5% from 92 last month and down -6.3% from 80 in June of last year.

     

  • Northbrook IL Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Northbrook, Home Buying in Northbrook, Home Selling in Northbrook  |  July 16, 2014 5:31 PM  |  65 views  |  No comments

    By Art Wilson, Realtor

     

    Northbrook's June Property sales were 78, down -2.5% from 80 in June of 2013 and 44.4% higher than the 54 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012. June YTD sales of 292 are running -8.5% behind last year's year-to-date sales of 319.

    The Median Sales Price in June was $469,750, up 9.9% from $427,500 in June of 2013 and down -3.3% from $486,000 last month. The Average Sales Price in June was $491,362, up 0.5% from $488,922 in June of 2013 and down -0.5% from $493,836 last month. June 2014 ASP was at highest level compared to June of 2013 and 2012. 

    The Total Inventory of Properties available for sale as of June was 250, up 5.9% from 236 last month and up 30.9% from 191 in June of last year. June 2014 Inventory was at a mid range compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 3.2 months was at a mid range compared with June 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 June was 43, up 10.3% from 39 days last month and down -2.3% from 44 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 June 2014 Selling Price vs List Price of 97.5% was up from 95.8% last month and up from 97.2% in June of last year.

    The number of New Listings in June 2014 was 128, down -8.6% from 140 last month.

  • Lincolnshire IL Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  July 16, 2014 9:05 AM  |  62 views  |  No comments

    By Art Wilson, Realtor

     

    Lincolnshire's June Property sales were 16, down -11.1% from 18 in June of 2013 and 100.0% higher than the 8 sales last month. June 2014 sales were at their lowest level compared to June of 2013 and 2012. June YTD sales of 54 are running -20.6% behind last year's year-to-date sales of 68.

     The Median Sales Price in June was $457,500, equal to $457,500 in June of 2013 and down -1.6% from $465,000 last month. The Average Sales Price in June was $490,188, up 2.4% from $478,805 in June of 2013 and down -0.1% from $490,563 last month. June 2014 ASP was at a mid range compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 61, up 15.1% from 53 last month and up 24.5% from 49 in June of last year. June 2014 Inventory was at a mid range compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 3.8 months was at a mid range compared with June 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 June was 87, up 85.1% from 47 days last month and up 4.8% from 83 days in June of last year. The June 2014 DOM was at a mid range compared with June 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 June 2014 Selling Price vs List Price of 94.9% was down from 95.7% last month and down from 98.7% in June of last year.

    The number of New Listings in June 2014 was 28, equal to 28 last month and up 21.7% from 23 in June of last year.

     

  • Lake Forest IL Real Estate Market Action Report Jult 2014

    Posted Under: Market Conditions in Lake Forest, Home Buying in Lake Forest, Home Selling in Lake Forest  |  July 16, 2014 8:49 AM  |  66 views  |  No comments

    By Art Wilson, Realtor

     

    Lake Forest's June Property sales were 47, down -16.1% from 56 in June of 2013 and 80.8% higher than the 26 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012. June YTD sales of 160 are running -15.3% behind last year's year-to-date sales of 189.

    The Median Sales Price in June was $655,000, down -6.4% from $699,500 in June of 2013 and down -9.1% from $720,286 last month. The Average Sales Price in June was $830,305, up 4.1% from $797,947 in June of 2013 and down -13.0% from $954,441 last month. June 2014 ASP was at a mid range compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 262, up 5.6% from 248 last month and up 0.8% from 260 in June of last year. June 2014 Inventory was at a mid range compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of  5.6 months was at a mid range compared with June 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 June was 79, down -3.7% from 82 days last month and down -36.8% from 125 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 June 2014 Selling Price vs List Price of 94.8% was down from 95.8% last month and up from 93.3% in June of last year.

    The number of New Listings in June 2014 was 88, up 1.1% from 87 last month and up 15.8% from 76 in June of last year.

     

  • Lake Bluff IL Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Lake Bluff, Home Buying in Lake Bluff, Home Selling in Lake Bluff  |  July 16, 2014 8:35 AM  |  64 views  |  No comments

    By Art Wilson, Realtor

     

    Lake Bluff's June Property sales were 19, up 5.6% from 18 in June of 2013 and -5.0% lower than the 20 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012. June YTD sales of 74 are running -15.9% behind last year's year-to-date sales of 88.

    The Median Sales Price in June was $340,000, down -12.3% from $387,500 in June of 2013 and down -31.3% from $495,000 last month. The Average Sales Price in June was $441,363, down -22.7% from $571,333 in June of 2013 and down -13.2% from $508,435 last month. June 2014 ASP was at the lowest level compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 86, up 8.9% from 79 last month and up 10.3% from 78 in June of last year. June 2014 Inventory was at a mid range compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 4.5 months was at a mid range compared with June 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 June was 40, down -31.0% from 58 days last month and down -34.4% from 61 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 June 2014 Selling Price vs List Price of 95.0% was down from 96.2% last month and up from 93.7% in June of last year

    The number of New Listings in June 2014 was 36, up 16.1% from 31 last month and up 16.1% from 31 in June of last year.

  • Highland Park IL Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Highland Park, Home Buying in Highland Park, Home Selling in Highland Park  |  July 16, 2014 8:17 AM  |  61 views  |  No comments

    By Art Wilson, Realtor

     

    Highland Park's June property sales were 63, up 1.6% from 62 in June of 2013 and 34.0% higher than the 47 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012. June YTD sales of 214 are running -16.7% behind last year's year-to-date sales of 257.

    The Median Sales Price in June was $507,000, up 15.5% from $439,000 in June of 2013 and down -17.2% from $612,500 last month. The Average Sales Price in June was $631,641, up 20.2% from $525,611 in June of 2013 and up 2.7% from $615,286 last month. June 2014 ASP was at highest level compared to June of 2013 and 2012.

    The Total Inventory of Properties available for sale as of June was 238, up 5.8% from 225 last month and down -3.6% from 247 in June of last year. June 2014 Inventory was at the lowest level compared to June of 2013 and 2012.

    The June 2014 Months Supply of Inventory of 3.8 months was at its lowest level compared with June 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 June was 63, up 12.5% from 56 days last month and down -19.2% from 78 days in June of last year. The June 2014 DOM was at its lowest level compared with June 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 June 2014 Selling Price vs List Price of 95.9% was up from 94.6% last month and up from 95.8% in June of last year.

    The number of New Listings in June 2014 was 107, down -8.5% from 117 last month and up 11.5% from 96 in June of last year.

     

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