We now have the Evanston IL Real Estate report for May 2016. This is data current through May 14th 2016 and covers a comparison of April of 2015 and April of this year. Evanston IL Real Estate has 9.1% less new listing in all property types a gain of 1.9% of closed sales and 18.9% less inventory when looking at the total picture of all types of properties together. To break it down further let us look at single family homes. For the month of April we have 2.2% less new listings at 90 properties as compared to 92 in April of 2015. Evanston has a gain of 6.1% of under contract houses, 52 as compared to 49 at this time in April of last year. The market shows 12.6% less closed sales of single family homes in Evanston IL at 42 homes, last year there were 48. The average sales price of single family homes are up 3.8% to $578,652 from $557,256 in April of 2015. The average market time currently for single family homes in Evanston IL is 65 days and that is down 11% as compared to last year at this time when we were at 73 days. We have less inventory of some price brackets.
Looking at the Evanston Real Estate condominium scene we have 15.1% less new listings as compared to April of 2015 with 90 condo coming on in April of this year and 106 properties last year of the same period. April of 2016 shows 5.1% more under contract condos at 83 this period and 79 last year yet a 14.3% gain if condo closed sales at 64 this April and 56 last year at this time. The average sales price for a condo in Evanston IL is currently $278,673 a 7.3% gain as compared to $259,603 last year in April. The average market time for condos is now 162 days which is 27.4% less time than last year at 223 days.
Evanston IL is continuing to be a very popular location for buyers, I have been a resident since 1979 at age 21 and during that time I have seen huge growth in the community. Evanston has become a desired location for all ages there is so much to do. People love the parks, the beaches and all the events Evanston provides. Don’t get me wrong I love the city of Chicago but Evanston is quiet, tree lined and easy to park. There are so many great restaurants interesting stores and entertainment anyone would enjoy.
Want to learn more about Evanston IL the community its events or the Real Estate? Contact us at Coldwell Banker Evanston and we will answer all your questions. If you want to learn more about the property available we can set up a personalized search based upon your criteria. We have a system to email you property listings as they hit the market. This is the most reliable way to find out about homes and condos. We can show you property at a time that works in your schedule. Before or after your work schedule or on weekends. You tell us what works
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