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Winnetka IL Real Estate Market Action Report April 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Winnetka's March Property sales were 13, down -7.1% from 14 in March of 2011 and 62.5% higher than the 8 sales last month. March 2012 sales were at their lowest level compared to March of 2011 and 2010. March YTD sales of 27 are running -20.6% behind last year's year-to-date sales of 34.

The Median Sales Price in March was $1,370,000, up 59.8% from $857,500 in March of 2011 and down -5.5% from $1,450,000 last month. The Average Sales Price in March was $1,239,231, up 9.4% from $1,132,857 in March of 2011 and down -21.5% from $1,578,688 last month. March 2012 ASP was at a mid range compared to March of 2011 and 2010.

The Total Inventory of Properties available for sale as of March was 165, up 4.4% from 158 last month and down -11.8% from 187 in March of last year. March 2012 Inventory was at the lowest level compared to March of 2011 and 2010.

The March 2012 Month Supply of Inventory of 12.7 months was at its lowest level 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 164, down -16.8% from 197 days last month and up 9.3% from 150 days in March of last year. The March 2012 DOM was at its highest 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 82.9% was up from 79.1% last month and down from 85.1% in March of last year.

The number of New Listings in March 2012 was 50, equal to 50 last month and up 31.6% from 38 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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