Skokie IL Real Estate Dec 14 2015
This is the last Skokie IL Real Estate report for 2015, we are viewing data through December 14 2015. December is one of the least busy of the whole year due to the holidays. We see 4.1% less new inventory of all properties and 14% less closed sales of all properties compared to the same period last year. This will defiantly change early next year, look for around late February of 2016.To analyze the data a little further, we have a 4.6% gain in new listing of single family homes and a whopping 40% gain of under contract sales of single family homes compared to the same time last year. The average sales price for homes in Skokie IL has gone down 7.4% so this might be a good time to do some house shopping.
As for the Skokie IL condo scene, we are seeing 16.1 less condominium new listings this month, 20% less under contract and 12.5 less closed sales. The average sales price for condos has slid to $161,971 a 11.5% drop from $183,056 for the same time last year. An interesting comparison of market time this month is that the average market time for condos has gone up 20% to 90 days for 75 properties last year at this time and for homes we are at 78 average days on the market compared to the same time last year of 88 days and that is 11.4% less time for a house in Skokie to be on the market before going under contract.
Skokie is a fantastic location to call home, the prices and property taxes are quite a bit lower compared to its neighbor to the East in Evanston IL and Skokie has so much to offer. Excellent public transportation and schools are the norm in Skokie as well as some of the best shopping in Old Orchard Mall. Considered one of the best outdoor shopping malls in Chicago Land.
If you have any questions about Skokie IL or its real estate, give us a call at (800) 858-7917 or check out our web site Coldwell Banker Residential Real Estate.