Evanston IL Initial Market Positioning Condos
The graph below shows the flow of contracts accepted monthly for the five-year period from 2013 through the current year. The market began to slow in 2006, which resulted in increasing market time and lower sales
prices for many homes. The slowdown accelerated in 2007 and 2008. The number of transactions recovered somewhat in 2009 and beginning in 2010, grew annually.
By year-end 2013, the numbers confirmed a solid recovery in the real estate market which slowed somewhat, but continued through 2014 – 2016. Off to a very fast start, 2017 has seen the number of transactions soar for the North Shore, although the pace is not consistent throughout the region.
The graph also shows the typical flow of sales during the year. In this market, we usually build sales during the winter and spring months until they reach a peak in early summer. After this peak, sales start to decline through the end of the year to the point that they can be almost flat during the holiday period.
Current Condo Stats
Currently Evanston IL has 90 condos for sale. We also have 140 properties under contract and waiting to close. In the last 30 days, 70 properties have closed and are now sold. To break it down further.
There are currently 14 one bedroom condos for sale in Evanston IL. 29 properties are under contract and waiting to close. In the last 30 days we have seen 10 one bedroom condos close in Evanston. They are off the market.
Looking at two bedroom condos, we currently have 55 properties for sale in Evanston Il. 66 properties are under contract and waiting to close. These properties are going through the inspection and attorney review period. This is the definition of “under contract”.
For three bedroom condos we currently have 20 condos for sale in the Evanston market. 40 3 bedroom condos are under contract and waiting to close. In the last 30 days, 20 condos have closed and are now sold.
If you have any questions please call us at (800) 858-7917 day or night. Please also check out our web site located at Coldwell Banker Evanston