By Art Wilson, Realtor
Glenview's January Property sales were 38, down -9.5% from 42 in January of 2014 and -26.9% lower than the 52 sales last month. January 2015 sales were at their lowest level compared to January of 2014 and 2013. January YTD sales of 38 are running -9.5% behind last year's year-to-date sales of 42.
The Median Sales Price in January was $346,500, down -18.9% from $427,500 in January of 2014 and up 3.9% from $333,500 last month. The Average Sales Price in January was $517,119, down -6.0% from $549,932 in January of 2014 and up 34.6% from $384,052 last month. January 2015 ASP was at a mid range compared to January of 2014 and 2013.
The Total Inventory of Properties available for sale as of January was 192, down -4.0% from 200 last month and up 11.0% from 173 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 5.1 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 72, up 71.4% from 42 days last month and up 14.3% from 63 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 94.6% was down from 95.6% last month and down from 95.8% in January of last year.
The number of New Listings in January 2015 was 93, up 82.4% from 51 last month and up 16.3% from 80 in January of last year.
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