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Art Wilson's Blog

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

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  September 10, 2014 1:11 PM  |  69 views  |  No comments

    By Art Wilson, Realtor

     

    Glencoe's August Property sales were 13, down -27.8% from 18 in August of 2013 and -7.1% lower than the 14 sales last month. August 2014 sales were at their lowest level compared to August of 2013 and 2012. August YTD sales of 91 are running -20.9% behind last year's year-to-date sales of 115.

     The Median Sales Price in August was $970,000, up 13.1% from $857,500 in August of 2013 and up 10.5% from $877,500 last month. The Average Sales Price in August was $1,405,385, up 43.6% from $978,972 in August of 2013 and up 26.0% from $1,115,482 last month. August 2014 ASP was at highest level compared to August of 2013 and 2012.

    The Total Inventory of Properties available for sale as of August was 87, up 1.2% from 86 last month and up 7.4% from 81 in August of last year. August 2014 Inventory was at a mid range compared to August of 2013 and 2012.

    The August 2014 Months Supply of Inventory of 6.7 months was at its highest level compared with August 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 August was 63, down -3.1% from 65 days last month and down -4.5% from 66 days in August of last year. The August 2014 DOM was at its lowest level compared with August 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 August 2014 Selling Price vs List Price of 95.6% was up from 93.8% last month and down from 96.0% in August of last year.

    The number of New Listings in August 2014 was 21, down -8.7% from 23 last month and down -4.5% from 22 in August of last year.

  • Glencoe IL Real Estate Market Action Report August 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  August 13, 2014 2:13 PM  |  55 views  |  No comments

    By Art Wilson, Realtor

     

    Glencoe's July Property sales were 14, down -33.3% from 21 in July of 2013 and -17.6% lower than the 17 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012. July YTD sales of 78 are running -19.6% behind last year's year-to-date sales of 97.

     The Median Sales Price in July was $877,500, down -28.1% from $1,220,000 in July of 2013 and down -14.4% from $1,025,000 last month. The Average Sales Price in July was $1,115,482, down -12.1% from $1,269,476 in July of 2013 and down -16.7% from $1,339,441 last month. July 2014 ASP was at a mid range compared to July of 2013 and 2012.

    The Total Inventory of Properties available for sale as of July was 86, up 3.6% from 83 last month and equal to 86 in July of last year. July 2014 Inventory was at the lowest level compared to July of 2013 and 2012.

    The July 2014 Months Supply of Inventory of 6.1 months was at its highest level compared with July 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 July was 65, up 80.6% from 36 days last month and equal to 65 days in July of last year. The July 2014 DOM was at its lowest level compared with July 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 July 2014 Selling Price vs List Price of 93.8% was down from 95.1% last month and down from 96.0% in July of last year.

    The number of New Listings in July 2014 was 23, down -34.3% from 35 last month and down -30.3% from 33 in July of last year.

  • Glencoe IL Real Estate Market Action Report July 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  July 16, 2014 7:22 AM  |  43 views  |  No comments

    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 2012.

    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 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 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.

     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 95.1% 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.

  • Glencoe IL Real Estate Market Action Report June 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  June 11, 2014 2:37 PM  |  148 views  |  No comments

    By Art Wilson, Realtor

     

    Glencoe's May Property sales were 15, down -16.7% from 18 in May of 2013 and equal to 0.0% 15 sales last month. May 2014 sales were at a mid level compared to May of 2013 and 2012. May YTD sales of 47 are running -21.7% behind last year's year-to-date sales of 60.

    The Median Sales Price in May was $1,035,000, up 17.6% from $880,000 in May of 2013 and up 26.2% from $820,000 last month. The Average Sales Price in May was $1,024,301, down -0.3% from $1,027,851 in May of 2013 and down -0.9% from $1,033,247 last month. May 2014 ASP was at a mid range compared to May of 2013 and 2012.

    The Total Inventory of Properties available for sale as of May was 76, up 7.0% from 71 last month and down -3.8% from 79 in May of last year. May 2014 Inventory was at the lowest level compared to May of 2013 and 2012.

    The May 2014 Months Supply of Inventory of 5.1 months was at a mid range compared with May 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 May was 92, up 15.0% from 80 days last month and up 37.3% from 67 days in May of last year. The May 2014 DOM was at a mid range compared with May 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 May 2014 Selling Price vs List Price of 94.0% was up from 92.5% last month and down from 96.5% in May of last year.

    The number of New Listings in May 2014 was 28, down -9.7% from 31 last month and down -28.2% from 39 in May of last year.

  • Glencoe IL Real Estate Market Action Report May 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  May 16, 2014 2:23 PM  |  197 views  |  No comments

    By Art Wilson, Realtor

    Glencoe's April Property sales were 15, down -16.7% from 18 in April of 2013 and 275.0% higher than the 4 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012. April YTD sales of 32 are running -23.8% behind last year's year-to-date sales of 42.

     The Median Sales Price in April was $820,000, down -7.1% from $882,500 in April of 2013 and down -0.6% from $825,000 last month. The Average Sales Price in April was $1,033,247, up 10.0% from $939,075 in April of 2013 and down -26.4% from $1,403,000 last month. April 2014 ASP was at highest level compared to April of 2013 and 2012.

    The Total Inventory of Properties available for sale as of April was 65, down -3.0% from 67 last month and down -12.2% from 74 in April of last year. April 2014 Inventory was at the lowest level compared to April of 2013 and 2012.

    The April 2014 Months Supply of Inventory of 4.3 months was at a mid range compared with April 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 April was 80, down -35.5% from 124 days last month and up 60.0% from 50 days in April of last year. The April 2014 DOM was at a mid range compared with April 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 April 2014 Selling Price vs List Price of 92.5% was down from 94.7% last month and down from 93.8% in April of last year.

    The number of New Listings in April 2014 was 31, up 14.8% from 27 last month and up 19.2% from 26 in April 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  |  388 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.

  • Glencoe IL Real Estate Market Action Report March 2014

    Posted Under: Market Conditions in Glencoe, Home Buying in Glencoe, Home Selling in Glencoe  |  March 3, 2014 1:11 PM  |  216 views  |  No comments

    By Art Wilson, Realtor

     

    Glencoe's February Property sales were 3, down -25.0% from 4 in February of 2013 and -70.0% lower than the 10 sales last month. February 2014 sales were at their lowest level compared to February of 2013 and 2012. February YTD sales of 13 are running 8.3% ahead of last year's year-to-date sales of 12.

    The Median Sales Price in February was $740,000, down -37.3% from $1,180,000 in February of 2013 and down -31.5% from $1,080,828 last month. The Average Sales Price in February was $950,500, down -38.7% from $1,550,000 in February of 2013 and down -4.7% from $997,766 last month. February 2014 ASP was at a mid range compared to February of 2013 and 2012.

    The Total Inventory of Properties available for sale as of February was 55, down -1.8% from 56 last month and down -30.4% from 79 in February of last year. February 2014 Inventory was at the lowest level compared to February of 2013 and 2012.

    The February 2014 Months Supply of Inventory  of 18.3 months was at a mid range compared with February 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 February was 49, down -31.0% from 71 days last month and down -67.3% from 150 days in February of last year. The February 2014 DOM was at its lowest level compared with February 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 February 2014 Selling Price vs List Price of 96.3% was down from 96.8% last month and up from 94.7% in February of last year.

    The number of New Listings in February 2014 was 16, down -11.1% from 18 last month and down -46.7% from 30 in February of last year.

     

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