Here is the updated Evanston IL Real Estate market report as of March 14 2016. There are some surprising stats regarding the beginning of the Spring market. Looking at the complete picture, Evanston has a 9.1% gain in new listings of all properties, a 18.4% loss in closed sales of all types of properties combined and 13.6% less inventory. Now to break it down further into categories.
In the single family home scene for Evanston IL Real Estate, we have 33.3% more new listings as of this month as compared to last year, 9.6% less houses under contract and 16% less closed sales. The average sales price of a single family home in Evanston is up 10.8% to $463,786 as compared to $418,672 one year ago today. We have a 2.4% gain in the percent of original list price received and our average market time is down 51.5% to 96 days on market as compared to 198 days last year at this time.
In the Evanston IL real estate condo scene we have 5.6% new listings but 47.5% more under contract properties yet 20.8% less closed sales. The average sales price of Evanston Condominiums is down 7.7% to $189,821 vs. $205,729 last year at this time. The average market time is up 33% to 149 days as compared with 108 days in this time frame one year ago.
If you have any questions about buying or selling homes or condos in Evanston IL or anywhere in Chicago Land give is a call at Coldwell Banker Evanston. We can create a customized search to meet your personal specifications and have you receive via email the listings as they hit the MLS.
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