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Winnetka IL Real Estate Market Action Report September 2013
By Art Wilson, Realtor Winnetka's August Property sales were 32, down -3.0% from 33 in August of 2012 and -15.8% lower than the 38 sales last month. August 2013 sales were at a mid level compared to August of 2012 and 2011. August YTD sales of 203 are running 15.3% ahead of last year's year-to-date sales of 176. The Median Sales Price in August was $1,197,500, up 29.5% from $925,000 in August of 2012 and up 33.2% from $898,750 last month. The Average Sales Price in August was $1,548,463, up 38.6% from $1,117,568 in August of 2012 and up 52.7% from $1,014,289 last month. August 2013 ASP was at highest level compared to August of 2012 and 2011. The Total Inventory of Properties available for sale as of August was 106, down -7.0% from 114 last month and down -26.4% from 144 in August of last year. August 2013 Inventory was at the lowest level compared to August of 2012 and 2011. The August 2013 Months Supply of Inventory of 3.3 months was at its lowest level compared with August of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while ... more
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