Lincolnshire IL Real Estate Market Action Report July 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

 

By Art Wilson, Realtor

 

Lincolnshire's June Property sales were 14, down -12.5%from 16 in June of 2014 and -6.7% lower than the 15 sales last month. June 2015sales were at their lowest level compared to June of 2014 and 2013. June YTDsales of 73 are running 35.2% ahead of last year's year-to-date sales of 54.

The Median Sales Price in June was $598,500, up 30.8% from$457,500 in June of 2014 and up 47.8% from $405,000 last month. The AverageSales Price in June was $617,282, up 25.9% from $490,188 in June of 2014 and up42.6% from $432,907 last month. June 2015 ASP was at highest level compared toJune of 2014 and 2013.

The Total Inventory of Properties available for sale as ofJune was 68, down -2.9% from 70 last month and up 6.3% from 64 in June of lastyear. June 2015 Inventory was at highest level compared to June of 2014 and2013.

The June 2015 Months Supply of Inventory of 4.9 months wasat its highest level compared with June of 2014 and 2013. A comparatively lowerMSI is more beneficial for sellers while a higher MSI is better for buyers.  

The average Days On Market (DOM) is how many days theaverage Property is on the Market before it sells. An upward trend in DOM tendsto indicate a move towards more of a Buyer's market, a downward trend a move towardsmore of a Seller's market. The DOM for June was 31, down -61.7% from 81 days lastmonth and down -64.4% from 87 days in June of last year. The June 2015 DOM wasat its lowest level compared with June of 2014 and 2013.

 The Selling Price vsListing Price is the average amount that Sellers are agreeing to come down fromtheir list price. The lower the ratio is below 100% the more of a Buyer'smarket exists, a ratio at or above 100% indicates more of a Seller's market.The June 2015 Selling Price vs List Price of 96.9% was up from 95.2% last monthand up from 94.9% in June of last year.

The number of New Listings in June 2015 was 26, down -33.3%from 39 last month and down -3.7% from 27 in June 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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