By Art Wilson, Realtor
Glencoe's June Property sales were 17, up 6.3% from
16 in June of 2013 and 13.3% higher than the 15 sales last month. June 2014
sales were at a mid level compared to June of 2013 and 2012. June YTD sales of
64 are running -15.8% behind last year's year-to-date sales of 76.
The Median Sales Price in June was $1,025,000, down
-18.8% from $1,262,500 in June of 2013 and down -1.0% from $1,035,000 last
month. The Average Sales Price in June was $1,339,441, up 3.0% from $1,300,981
in June of 2013 and up 30.8% from $1,024,301 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 81, up 6.6% from 76 last month and up 5.2% from 77 in June of
last year. June 2014 Inventory was at a mid range compared to June of 2013 and
The June 2014 Months Supply of Inventory of 4.8
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
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 36, down -60.9%
from 92 days last month and down -79.4% from 175 days in June of last year. The
June 2014 DOM was at its lowest level compared with June of 2013 and 2012.
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 95.1% was up from 94.0%
last month and up from 93.2% in June of last year.
The number of New Listings in June 2014 was 35, up
25.0% from 28 last month and up 34.6% from 26 in June of last year.