We just got the Evanston IL Real Estate report for data through July 14 2016. We are going to take a look at the situation as compared to one year ago the same time frame and one month of data. You can get a good idea of how Evanston Real Estate is doing now as compared to one year ago.
Looking at the whole picture, single family homes and condos the change in new listings is down 23.6% but the change in closes sales has gone up 6.1%. A great sign that Evanston IL properties are really selling. There is a 37.5% change in inventory of homes, all types of property. This is a good indication that there is a lack of inventory. If you are wondering if this is still a good time to sell your home the answer is yes.
To break it down further we have 17.6% less new inventory of new listings in single family homes as compared to this time frame last year. We have had 75 new single houses hit the market for sale this month. Last year it was 91 properties. Evanston IL has 15.6% less under contract single family homes but the closed sales this month are up 21.9% with 78 houses closing as compared to 64 in the time frame ending July 14 last year. The average sales price of a single family house in Evanston IL is up 10.7% to $656,477 as compared to $592,830 last year at this time. Average market time is up 9.1% to 60 days before a contract as compared with 2015 when it was 55 days.
Looking at the Condo scene we have 28.8% less new listing on the market with 74 in the time frame ending July 14, 2016 and last year the same time it was 64 properties. The figure for under contract condominiums is up 16.4% to 78 condos as compared with 67 one year ago. The average sales price of a condo is down 8.4% to $254,840 this month and last year it was $278,131. The average market time is down a whopping 18.3% from last year’s 82 days until a contract to today’s 67 days.
Please let us know if you have any questions about Evanston and its Real Estate.
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