Glencoe had 12 homes close in October which is 1 house more than last October, 2013. Here are the 
numbers:
Sold homes: 12
Average sold price: $1,429,000
Average list to sell price ratio: 89%
Average days on market: 94
The average list to sell price ratio is a fairly low 89%. In checking deeper, I found one home that sold for 40% of its original list price and that skewed the average. Overpricing caused a very long market time as well as a lower sale price.
Current Real Estate Market in Glencoe
For sale: 72 homes
Price range: $349,000 to $5,400,000
Under contract: 11 homes (with contingencies)
Pending homes: 9 homes (contingencies cleared)
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