Deerfield IL Real Estate Market Action Report February 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

 

Deerfield's January Property sales were 23, equal to 23 in January of 2014 and -20.7% lower than the 29 sales last month. January 2015 sales were at a mid level compared to January of 2014 and 2013. January YTD sales of 23 are running equal to last year's year-to-date sales of 23.

The Median Sales Price in January was $560,000, up 80.6% from $310,000 in January of 2014 and up 40.0% from $400,000 last month. The Average Sales Price in January was $589,104, up 47.8% from $398,528 in January of 2014 and up 36.2% from $432,508 last month. January 2015 ASP was at highest level compared to January of 2014 and 2013.

The Total Inventory of Properties available for sale as of January was 126, up 5.9% from 119 last month and up 37.0% from 92 in January of last year. January 2015 Inventory was at a mid range compared to January of 2014 and 2013.

The January 2015 Months Supply of Inventory of 5.5 months was at a mid range compared with January of 2014 and 2013.  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 January was 60, up 50.0% from 40 days last month and up 22.4% from 49 days in January of last year. The January 2015 DOM was at a mid range compared with January of 2014 and 2013.

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 January 2015 Selling Price vs List Price of 95.8% was down from 96.0% last month and up from 94.9% in January of last year.

The number of New Listings in January 2015 was 43, up 53.6% from 28 last month and up 16.2% from 37 in January 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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Tags:
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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Art - This is very good helpful report in Deerfield, Illinois for February 2015.

Feb 10, 2015 12:28 PM #1
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Art Wilson

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