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Art Wilson's Blog

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

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  September 15, 2014 3:42 PM  |  68 views  |  No comments

    By Art Wilson, Realtor

     

    Lincolnshire's August Property sales were 16, down -11.1% from 18 in August of 2013 and 23.1% higher than the 13 sales last month. August 2014 sales were at their lowest level compared to August of 2013 and 2012. August YTD sales of 83 are running -20.2% behind last year's year-to-date sales of 104.

    The Median Sales Price in August was $467,500, down -0.5% from $470,000 in August of 2013 and up 4.1% from $449,000 last month. The Average Sales Price in August was $489,719, up 1.0% from $484,817 in August of 2013 and up 16.5% from $420,462 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 57, down -6.6% from 61 last month and up 11.8% from 51 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 3.6 months was at a mid range 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 58, equal to 58 days last month and up 16.0% from 50 days in August of last year. The August 2014 DOM was at a mid range 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 95.9% was down from 96.5% last month and down from 96.0% in August of last year.

    The number of New Listings in August 2014 was 21, down -12.5% from 24 last month and up 50.0% from 14 in August of last year.

     

  • 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  |  82 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.

     

  • Lincolnshire IL Real Estate Market Action Report June 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  June 10, 2014 3:48 PM  |  148 views  |  No comments

    By Art Wilson, Realtor

     

    Lincolnshire's May Property sales were 8, down -60.0% from 20 in May of 2013 and -11.1% lower than the 9 sales last month. May 2014 sales were at a mid level compared to May of 2013 and 2012. May YTD sales of 37 are running -26.0% behind last year's year-to-date sales of 50.

     The Median Sales Price in May was $465,000, up 24.2% from $374,500 in May of 2013 and up 18.3% from $393,000 last month. The Average Sales Price in May was $490,563, up 13.6% from $431,654 in May of 2013 and up 17.0% from $419,444 last month. May 2014 ASP was at highest level compared to May of 2013 and 2012.

    The Total Inventory of Properties available for sale as of May was 53, up 23.3% from 43 last month and up 15.2% from 46 in May of last year. May 2014 Inventory was at a mid range compared to May of 2013 and 2012.

    The May 2014 Months Supply of Inventory of 6.6 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 47, up 20.5% from 39 days last month and down -66.4% from 140 days in May of last year. The May 2014 DOM was at its lowest level 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 95.7% was down from 102.6% last month and up from 93.1% in May of last year.

    The number of New Listings in May 2014 was 28, up 64.7% from 17 last month and up 12.0% from 25 in May of last year.

  • Lincolnshire IL Real Estate Market Action Report May 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  May 18, 2014 2:45 PM  |  242 views  |  No comments

    By Art Wilson, Realtor


    Lincolnshire's April Property sales were 9, down -10.0% from 10 in April of 2013 and equal to 0.0% 9 sales last month. April 2014 sales were at their lowest level compared to April of 2013 and 2012. April YTD sales of 29 are running -3.3% behind last year's year-to-date sales of 30. 

     The Median Sales Price in April was $393,000, down -1.5% from $399,000 in April of 2013 and up 0.8% from $390,000 last month. The Average Sales Price in April was $419,444, down -6.0% from $446,050 in April of 2013 and up 5.7% from $396,750 last month. April 2014 ASP was at the lowest level compared to April of 2013 and 2012.

     The Total Inventory of Properties available for sale as of April was 42, down -12.5% from 48 last month and down -8.7% from 46 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 4.7 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 39, down -42.6% from 68 days last month and down -64.5% from 110 days in April of last year. The April 2014 DOM was at its lowest level 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 102.6% was up from 97.4% last month and up from 93.6% in April of last year.

     The number of New Listings in April 2014 was 17, down -5.6% from 18 last month and down -15.0% from 20 in April of last year.

     

  • Lincolnshire IL Real Estate Market Action Report April 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  April 2, 2014 3:48 PM  |  274 views  |  No comments

    By Art Wilson, Realtor


    Lincolnshire's March Property sales were 8, down -20.0% from 10 in March of 2013 and 300.0% higher than the 2 sales last month. March 2014 sales were at their lowest level compared to March of 2013 and 2012. March YTD sales of 19 are running -5.0% behind last year's year-to-date sales of 20.


    The Median Sales Price in March was $416,250, up 5.1% from $396,000 in March of 2013 and down -24.3% from $550,000 last month. The Average Sales Price in March was $421,969, up 3.5% from $407,600 in March of 2013 and down -23.3% from $550,000 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 44, down -8.3% from 48 last month and down -10.2% from 49 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 5.5 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 69, down -10.4% from 77 days last month and down -31.0% from 100 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 97.4% was down from 98.6% last month and up from 93.7% in March of last year.


    The number of New Listings in March 2014 was 18, up 5.9% from 17 last month and down -5.3% from 19 in March of last year.

  • Lincolnshire IL Real Estate Market Action Report March 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  March 5, 2014 12:27 PM  |  316 views  |  No comments

    By Art Wilson, Realtor

    Lincolnshire's February Property sales were 2, down -75.0% from 8 in February of 2013 and -77.8% lower than the 9 sales last month. February 2014 sales were at their lowest level compared to February of 2013 and 2012. February YTD sales of 11 are running 10.0% ahead of last year's year-to-date sales of 10.

     The Median Sales Price in February was $550,000, up 26.3% from $435,500 in February of 2013 and up 5.3% from $522,500 last month. The Average Sales Price in February was $550,000, up 14.9% from $478,763 in February of 2013 and down -10.9% from $617,067 last month. February 2014 ASP was at highest level compared to February of 2013 and 2012.

    The Total Inventory of Properties available for sale as of February was 44, up 7.3% from 41 last month and down -15.4% from 52 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 22.0 months was at its highest level 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 77, up 16.7% from 66 days last month and up 35.1% from 57 days in February of last year. The February 2014 DOM was at a mid range 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 98.6% was up from 96.4% last month and up from 94.3% in February of last year.

    The number of New Listings in February 2014 was 17, up 70.0% from 10 last month and up 6.3% from 16 in February of last year.

  • Lincolnshire IL Real Estate Market Action Report February 2014

    Posted Under: Market Conditions in Lincolnshire, Home Buying in Lincolnshire, Home Selling in Lincolnshire  |  February 12, 2014 12:48 PM  |  236 views  |  1 comment

    By Art Wilson, Realtor

     

    Lincolnshire's January Property sales were 9, up 350.0% from 2 in January of 2013 and 125.0% higher than the 4 sales last month. January 2014 sales were at their highest level compared to January of 2013 and 2012. January YTD sales of 9 are running 350.0% ahead of last year's year-to-date sales of 2.

     The Median Sales Price in January was $522,500, up 22.6% from $426,250 in January of 2013 and up 10.1% from $474,750 last month. The Average Sales Price in January was $617,067, up 44.8% from $426,250 in January of 2013 and up 23.2% from $500,875 last month. January 2014 ASP was at highest level compared to January of 2013 and 2012.

    The Total Inventory of Properties available for sale as of January was 40, down -2.4% from 41 last month and down -21.6% from 51 in January of last year. January 2014 Inventory was at the lowest level compared to January of 2013 and 2012.

    The January 2014 Months Supply of Inventory of 4.4 months was at its lowest level compared with January 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 January was 66, up 144.4% from 27 days last month and down -13.2% from 76 days in January of last year. The January 2014 DOM was at its lowest level compared with January 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 January 2014 Selling Price vs List Price of 96.4% was equal to 96.4% last month and down from 98.9% in January of last year.

    The number of New Listings in January 2014 was 10, up 42.9% from 7 last month and down -16.7% from 12 in January of last year.

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