By Art Wilson, Realtor
Winnetka's April Property sales were 15, down -21.1% from 19 in April of 2015 and equal to 0.0% 15 sales last month. April 2016 sales were at their lowest level compared to April of 2015 and 2014. April YTD sales of 59 are running -4.8% behind last year's year-to-date sales of 62.
The Median Sales Price in April was $1,230,000, up 16.7% from $1,054,000 in April of 2015 and up 28.3% from $959,000 last month. The Average Sales Price in April was $1,601,000, up 25.0% from $1,280,921 in April of 2015 and up 40.6% from $1,138,667 last month. April 2016 ASP was at highest level compared to April of 2015 and 2014.
The Total Inventory of Properties available for sale as of April was 209, up 11.8% from 187 last month and up 11.8% from 187 in April of last year. April 2016 Inventory was at highest level compared to April of 2015 and 2014.
The April 2016 Months Supply of Inventory of 13.9 months was at its highest level compared with April of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The average Days On Market (DOM) is how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 102, up 43.7% from 71 days last month and up 8.5% from 94 days in April of last year. The April 2016 DOM was at a mid range compared with April of 2015 and 2014.
The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The April 2016 Selling Price vs List Price of 95.1% was down from 96.6% last month and up from 94.0% in April of last year.
The number of New Listings in April 2016 was 78, up 16.4% from 67 last month and up 27.9% from 61 in April of last year.
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