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Glencoe IL Real Estate Market Action Report March 2017
By Art Wilson, Realtor
Glencoe's February Property sales were 6, equal to 0 in February of 2016 and -40.0% lower than the 10 sales last month. February 2017 sales were at a mid level compared to February of 2016 and 2015. February YTD sales of 16 are running 166.7% ahead of last year's year-to-date sales of 6.
The Median Sales Price in February was $599,000, equal to $0 in February of 2016 and down -22.3% from $771,250 last month. The Average Sales Price in February was $662,000, equal to $0 in February of 2016 and down -21.9% from $847,800 last month. February 2017 ASP was at a mid range compared to February of 2016 and 2015.
The Total Inventory of Properties available for sale as of February was 99, up 20.7% from 82 last month and up 20.7% from 82 in February of last year. February 2017 Inventory was at highest level compared to February of 2016 and 2015.
The February 2017 Month’s Supply of Inventory of 16.5 months was at its highest level compared with February of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On ... more

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