Evanston IL Condo Stats January 2017
The stats are in for Evanston IL Condos January 2017. January 2017 condominium sales were 12. This is up 9.1% from 11 in January of 2016 and equal to 0.0% 12 sales last month. January 2017 sales were at their highest level compared to January of 2016 and 2015. January year to date sales of 12. This is 9.1% ahead of last year’s year-to-date sales of 11.
The Median Sales Price in January was $196,500, down -39.5% from $325,000 in January of 2016. Down -19.9% from $245,250 last month. The Average Sales Price in January was $232,515, down -28.6% from $325,455 in January of 2016 and down -22.1% from $298,667 last month. January 2017 average sales price was at the lowest level compared to January of 2016 and 2015.
The average Days On Market shows how many days the average Property is on the Market before it sells. An upward trend in days on market 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 days on market for January was 92, up 187.5% from 32 days last month and down -27.6% from 127 days in January of last year. The January 2017 days on market was at its lowest level compared with January of 2016 and 2015.
The price per square foot is an important gauge
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market. The selling price per square foot is a more normalized indicator on the direction of Property values. The January 2017 Selling Price per Square Foot of $190 was down -16.7% from $228 last month and down -21.8% from $243 in January of last year.
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