The Skokie IL Real Estate report for February is now available. Looking at all property types we have a 1% change in new listings of all properties. For this time frame as compared to February of last year Skokie has a 19.5% gain in closed sales of all properties yet 16.5% less inventory. This shows a fantastic opportunity for people interested in selling a home in Skokie IL. To drill down the stats further, closed sales of single family homes are up 41.7% over January of 2015. The average sales price is up 24.6% for houses from $285,329 in January of 2015 to $355,626 for January of this year. The average market time for a sale of a single family home in Skokie is up 12.5%, we were at 88 days last year and in January 2016 at 99 days. People selling single family homes in Skokie IL are presently receiving 93% of the original list price.
To take a look at the Skokie IL Real Estate scene regarding condominiums new listings are down 25% in January as compared to the same time last year. Closed sales are down 11.8% and the average sales price is up 17.3% to $186,238 from $158,759 in January of 2015. The average market time for condos in Skokie is down 7% to 106 days from 114 days at this time last year.
If you want have any questions about Skokie IL, the local Real Estate or anything we can help you with feel free to contact us at Coldwell Banker Skokie. (800) 858-7917. We can create a customized search to meet your specifications and show you property at a time that works for your schedule.
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