Here is the complete data for the Evanston IL Real Estate May 2016 Market report. There is been quite a change from last month’s report. We are seeing a big difference between attached (Condos and townhouses) and Single Family homes. Let us start with a look at the whole Evanston Real Estate picture. For this period which is through June 14th 2016 and looking at one month of data, we have 7% less news listing of all property types and 1% gain of closed sales. The inventory is down 28.1% but if you read further it is a reflection of condos.
When viewing Detached properties which is single family homes, we have 15.5% more new listings during this period and a whopping 56% gain in under contract properties for this month with 78 new home listings as opposed to 50 in this time frame of 2015. Closed sales of houses is down 30.4% with 32 in the May time frame and 46 exactly one year ago. The average sales price of a single family home in Evanston IL has gone down 7.7% to $647,094 compared to $701,214 one year ago. Houses are selling faster at this time, the average market time is down 21.1% to 86 days and last year at this time it was 109 days.
To analyze the Attached or condo and townhouse situation, we have 21.7% less new listings for sale with only 101 and we had 129 one year ago. Evanston IL has a 24.1% gain or under contract condos in the May time frame with 72 units contingent or pending as opposed to 58 in the same time frame one year ago. Closed sales of Condos are up 28.8% with 67 condos sold and off the market in May compared with 52 one year ago in this 30 day time frame. The average sales price of a condo is up 12.5% to $278,080 Vs $247,144 one year ago. Finally the average market time for a condo to go under contract in Evanston IL is down 13.2% to 92 days from 106 days at this time one year ago.
If you have any questions about Evanston Il Real Estate please contact us and we can answer any questions.
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