Looking at the Skokie IL Real Estate report for November 2016 and a 30 period as compared to the same time last year shows an active market. Taking a 30 time frame that ends November 14, 2016 and the exact same period of 2015 shows that Skokie IL has a 20% change in new listings of all types of properties. 15.5% less closed sales and 22% less inventory.
If we break it down and look at Skokie IL real estate and single family homes new listings are up 32.7% this month. We have 65 new house listings and in 2015 during the same 30 period it was 49. Under contract properties are up 10% to 33 houses Vs 30 last year. Closed sales are down 30% to 35 from last year's 50. The average sales price for a Skokie IL single family is currently up 6.6% to $305,472, one year ago the figure was $286,250. The average market time before a contract is at 60 days as opposed to one year ago 62 days a slight decrease of 3.2%.
Now on to the Skokie IL Real Estate scene as it relates to condominiums. The news listings in this period as compared with 2015 is flat, 31 condos hit the market in the 30 time frame both seasons. The under contract figure for Skokie condos is surprising at a 93.8% increase with 31 properties and this month last year it was only 16. Closed sales of condos are currently up 19% with 25 properties changing hands and in the same period last year the number was 21. The average sales price for a Skokie IL condo is up 13.8% to 234,100 from last year's $205,623. The average market time for a Skokie IL condo to see a contract is at 106 days, an increase of 43.3% from 74 days during this month in 2015
When you want to learn more about Skokie IL Real Estate, the local schools or any questions at all please call us day or night at (800) 858-7917. You can also find us online at Coldwell Banker Skokie.