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Winnetka IL Real Estate Market Report March 2017
By Art Wilson, Realtor
Winnetka's February Property sales were 12, equal to 12 in February of 2016 and -40.0% lower than the 20 sales last month. February 2017 sales were at a mid level compared to February of 2016 and 2015. February YTD sales of 32 are running 10.3% ahead of last year's year-to-date sales of 29.
The Median Sales Price in February was $867,500, down -13.9% from $1,007,000 in February of 2016 and down -25.6% from $1,166,000 last month. The Average Sales Price in February was $836,875, down -12.8% from $960,154 in February of 2016 and down -47.1% from $1,582,950 last month. February 2017 ASP was at the lowest level compared to February of 2016 and 2015.
The Total Inventory of Properties available for sale as of February was 155, up 12.3% from 138 last month and down -7.2% from 167 in February of last year. February 2017 Inventory was at a mid range compared to February of 2016 and 2015.
The February 2017 Month’s Supply of Inventory of 12.9 months was at its lowest 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 ... more

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