Home > Blogs > Art Wilson's Blog
65,360 views

Art Wilson's Blog

By Michele & Art Wilson | Broker in Lake Forest, IL
  • Lincolnshire IL Real Estate Market Action Report April 2012

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  April 7, 2012 9:29 AM  |  276 views  |  No comments

    Lincolnshire's March Property sales were 9, up 350.0% from 2 in March of 2011 and 125.0% higher than the 4 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 18 are running 63.6% ahead of last year's year-to-date sales of 11.

    The Median Sales Price in March was $375,000, down -48.3% from $725,000 in March of 2011 and up 20.5% from $311,250 last month. The Average Sales Price in March was $425,419, down -41.3% from $725,000 in March of 2011 and up 32.7% from $320,600 last month. March 2012 ASP was at the lowest level compared to March of 2011 and 2010.

    The Total Inventory of Properties available for sale as of March was 79, down -4.8% from 83 last month and down -36.3% from 124 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

    The March 2012 Months Supply of Inventory of 8.8 months was at its lowest level compared with March of 2011 and 2010. 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 133, down -59.1% from 325 days last month and down -42.2% from 230 days in March of last year. The March 2012 DOM was at a mid range compared with March of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 79.5% was down from 81.2% last month and up from 75.3% in March of last year.

    The number of New Listings in March 2012 was 17, down 15.0% from 20 last month and down -34.6% from 26 in March of last year.

  • Lake Forest IL Real Estate Market Action Report April 2012

    Posted Under: Market Conditions in Lake Forest, Home Buying in Lake Forest, Home Selling in Lake Forest  |  April 6, 2012 11:59 AM  |  308 views  |  No comments

    Lake Forest's March Property sales were 25, up 92.3% from 13 in March of 2011 and 150.0% higher than the 10 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 45 are running 28.6% ahead of last year's year-to-date sales of 35.

    The Median Sales Price in March was $570,000, down -31.3% from $830,000 in March of 2011 and down -35.2% from $879,500 last month. The Average Sales Price in March was $837,870, down -28.4% from $1,169,593 in March of 2011 and down -17.3% from $1,013,150 last month. March 2012 ASP was at a mid range compared to March of 2011 and 2010.

    The Total Inventory of Properties available for sale as of March was 272, down -3.2% from 281 last month and down -21.4% from 346 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

    The March 2012 Months Supply of Inventory of 10.9 months was at its lowest level compared with March of 2011 and 2010. 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 164, down -37.9% from 264 days last month and down -20.4% from 206 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 80.4% was down from 88.6% last month and down from 84.5% in March of last year.

    The number of New Listings in March 2012 was 55, up 1.9% from 54 last month and up 17.0% from 47 in March of last year.

  • Lake Bluff IL Real Estate Market Action Report April 2012

    Posted Under: Market Conditions in Lake Bluff, Home Buying in Lake Bluff, Home Selling in Lake Bluff  |  April 6, 2012 11:52 AM  |  269 views  |  No comments

    Lake Bluff's March Property sales were 11, up 120.0% from 5 in March of 2011 and 266.7% higher than the 3 sales last month. March 2012 sales were at a mid level compared to March of 2011 and 2010. March YTD sales of 15 are running 25.0% ahead of last year's year-to-date sales of 12.

    The Median Sales Price in March was $215,000, down -52.7% from $455,000 in March of 2011 and up 164.5% from $81,300 last month. The Average Sales Price in March was $283,182, down -63.8% from $782,000 in March of 2011 and up 87.4% from $151,100 last month. March 2012 ASP was at the lowest level compared to March of 2011 and 2010.

    The Total Inventory of Properties available for sale as of March was 107, down -7.0% from 115 last month and down -13.0% from 123 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

    The March 2012 Months Supply of Inventory of 9.7 months was at its lowest level compared with March of 2011 and 2010. 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 123, up 66.2% from 74 days last month and down -18.0% from 150 days in March of last year. The March 2012 DOM was at a mid range compared with March of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 88.9% was up from 77.2% last month and up from 82.4% in March of last year.

    The number of New Listings in March 2012 was 19, down 5.0% from 20 last month and down -34.5% from 29 in March of last year.

  • Highland Park IL Real Estate Market Action Report Apri, 2012

    Posted Under: Market Conditions in Highland Park, Home Buying in Highland Park, Home Selling in Highland Park  |  April 5, 2012 2:38 PM  |  326 views  |  No comments

    Highland Park's March Property sales were 43, up 95.5% from 22 in March of 2011 and 126.3% higher than the 19 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 80 are running 63.3% ahead of last year's year-to-date sales of 49.

    The Median Sales Price in March was $325,000, down -23.6% from $425,500 in March of 2011 and down -7.1% from $350,000 last month. The Average Sales Price in March was $388,707, down -20.6% from $489,454 in March of 2011 and up 0.6% from $386,330 last month. March 2012 ASP was at the lowest level compared to March of 2011 and 2010.

    The Total Inventory of Properties available for sale as of March was 304, up 2.7% from 296 last month and down -22.8% from 394 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

    The March 2012 Months Supply of Inventory of 7.1 months was at its lowest level compared with March of 2011 and 2010. 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, down -12.7% from 142 days last month and up 9.7% from 113 days in March of last year. The March 2012 DOM was at a mid range compared with March of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 85.0% was up from 79.8% last month and down from 87.0% in March of last year.

    The number of New Listings in March 2012 was 85, down 10.5% from 95 last month and down -3.4% from 88 in March of last year.

  • Deerfield IL Real Estate Market Action Report April 2012

    Posted Under: Market Conditions in Deerfield, Home Buying in Deerfield, Home Selling in Deerfield  |  April 3, 2012 7:30 PM  |  272 views  |  No comments

    Deerfield's March Property sales were 21, up 16.7% from 18 in March of 2011 and 90.9% higher than the 11 sales last month. March 2012 sales were at their highest level compared to March of 2011 and 2010. March YTD sales of 45 are running 7.1% ahead of last year's year-to-date sales of 42.

    The Median Sales Price in March was $310,000, up 9.0% from $284,450 in March of 2011 and up 136.6% from $131,000 last month. The Average Sales Price in March was $374,354, up 5.3% from $355,358 in March of 2011 and up 125.5% from $166,000 last month. March 2012 ASP was at a mid range compared to March of 2011 and 2010.

    The Total Inventory of Properties available for sale as of March was 151, down -8.5% from 165 last month and down -22.2% from 194 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

    The March 2012 Months Supply of Inventory  of 7.2 months was at its lowest level compared with March of 2011 and 2010. 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 94, down -24.8% from 125 days last month and down -14.5% from 110 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 86.6% was up from 76.1% last month and up from 84.9% in March of last year.

    The number of New Listings in March 2012 was 41, up 10.8% from 37 last month and down -14.6% from 48 in March of last year.

     

  • Lincolnshire IL Real Estate Market Action Report March 2012

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  March 7, 2012 6:37 AM  |  365 views  |  No comments

    Lincolnshire's February Property sales were 4, down -33.3% from 6 in February of 2011 and -20.0% lower than the 5 sales last month. February 2012 sales were at a mid level compared to February of 2011 and 2010. February YTD sales of 9 are running equal to last year's year-to-date sales of 9.

    The Median Sales Price in February was $311,250, down -42.5% from $541,000 in February of 2011 and down -26.4% from $423,000 last month. The Average Sales Price in February was $320,600, down -50.5% from $648,250 in February of 2011 and down -44.5% from $577,600 last month. February 2012 ASP was at a mid range compared to February of 2011 and 2010.

    The Total Inventory of Properties available for sale as of February was 81, down -2.4% from 83 last month and down -27.0% from 111 in February of last year. February 2012 Inventory was at the lowest level compared to February of 2011 and 2010.

    The February 2012 Months Supply of Inventory of 20.3 months was at its highest level compared with February of 2011 and 2010. 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 325, up 62.5% from 200 days last month and up 87.9% from 173 days in February of last year. The February 2012 DOM was at its highest level compared with February of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 81.2% was up from 77.0% last month and down from 85.1% in February of last year.

    The number of New Listings in February 2012 was 19, up 18.8% from 16 last month and up 26.7% from 15 in February of last year.

  • Lake Forest IL Real Estate Market Action Report March 2012

    Posted Under: Market Conditions in Lake Forest, Home Buying in Lake Forest, Home Selling in Lake Forest  |  March 6, 2012 7:12 AM  |  355 views  |  No comments

    Lake Forest's February Property sales were 10, down -16.7% from 12 in February of 2011 and equal to 0.0% 10 sales last month. February 2012 sales were at their lowest level compared to February of 2011 and 2010. February YTD sales of 20 are running -9.1% behind last year's year-to-date sales of 22.

    The Median Sales Price in February was $879,500, up 48.1% from $593,950 in February of 2011 and up 65.8% from $530,500 last month. The Average Sales Price in February was $1,013,150, down -4.4% from $1,059,261 in February of 2011 and up 27.7% from $793,100 last month. February 2012 ASP was at a mid range compared to February of 2011 and 2010.

    The Total Inventory of Properties available for sale as of February was 279, up 4.9% from 266 last month and down -18.4% from 342 in February of last year. February 2012 Inventory was at the lowest level compared to February of 2011 and 2010.

    The February 2012 Months Supply of Inventory of 27.9 months was at a mid range compared with February of 2011 and 2010. 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 264, up 175.0% from 96 days last month and up 106.3% from 128 days in February of last year. The February 2012 DOM was at its highest level compared with February of 2011 and 2010.

    The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 2012 Selling Price vs Original List Price of 88.6% was up from 88.2% last month and up from 83.2% in February of last year.

    The number of New Listings in February 2012 was 54, up 54.3% from 35 last month and down -8.5% from 59 in February of last year.

« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer