Winnetka IL Real Estate Market Action Report October 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

Winnetka's September Property sales were 13, down -50.0% from 26 in September of 2011 and -60.6% lower than the 33 sales last month. September 2012 sales were at their lowest level compared to September of 2011 and 2010. September YTD sales of 189 are running 5.0% ahead of last year's year-to-date sales of 180.

The Median Sales Price in September was $970,000, down -10.9% from $1,088,375 in September of 2011 and up 4.9% from $925,000 last month. The Average Sales Price in September was $965,346, down -11.1% from $1,085,842 in September of 2011 and down -13.6% from $1,117,568 last month. September 2012 ASP was at the lowest level compared to September of 2011 and 2010.

The Total Inventory of Properties available for sale as of September was 145, up 1.4% from 143 last month and down -19.0% from 179 in September of last year. September 2012 Inventory was at the lowest level compared to September of 2011 and 2010.

The September 2012 Months Supply of Inventory of 11.2 months was at a mid range compared with September 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 September was 50, down -55.4% from 112 days last month and down -34.2% from 76 days in September of last year. The September 2012 DOM was at its lowest level compared with September of 2011 and 2010.

The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their 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 September 2012 Selling Price vs List Price of 92.6% was down from 95.2% last month and down from 94.1% in September of last year.

The number of New Listings in September 2012 was 27, down -15.6% from 32 last month and equal to 27 in September 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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