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Glencoe IL Real Estate Market Action Report April 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Glencoe's March Property sales were 8, down -52.9% from 17 in March of 2011 and equal to 0.0% 8 sales last month. March 2012 sales were at a mid level compared to March of 2011 and 2010. March YTD sales of 24 are running -29.4% behind last year's year-to-date sales of 34.

The Median Sales Price in March was $972,000, up 36.9% from $710,000 in March of 2011 and up 101.7% from $482,000 last month. The Average Sales Price in March was $1,645,063, up 118.2% from $753,912 in March of 2011 and up 124.5% from $732,750 last month. March 2012 ASP was at highest level compared to March of 2011 and 2010.

The Total Inventory of Properties available for sale as of March was 96, equal to 96 last month and down -10.3% from 107 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

The March 2012 Months Supply of Inventory of 12.0 months was at a mid range compared with March of 2011 and 2010. 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 March was 127, down -24.0% from 167 days last month and down -26.2% from 172 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 March 2012 Selling Price vs Original List Price of 82.3% was up from 79.2% last month and down from 86.8% in March of last year.

The number of New Listings in March 2012 was 34, up 41.7% from 24 last month and up 70.0% from 20 in March of last year.

Posted by

Art Wilson, Broker, ABR, CRP, CRS
Coldwell Banker Residential Brokerage        
552 Lincoln Ave.Winnetka, IL 60093              

Cell: 847-363-1599

Serving Chicago's North Shore Suburbs

Art.Wilson@cbexchange.com 
www.NorthShoreHomesOnline.com

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