Glenview IL Real Estate Market Action Report July 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

 

By Art Wilson, Realtor

 

Glenview's June Property sales were 123, up 26.8% from 97in June of 2014 and 50.0% higher than the 82 sales last month. June 2015 saleswere at their highest level compared to June of 2014 and 2013. June YTD salesof 391 are running 3.2% ahead of last year's year-to-date sales of 379.

The Median Sales Price in June was $482,000, up 17.6% from$410,000 in June of 2014 and up 6.2% from $453,750 last month. The AverageSales Price in June was $572,631, up 14.6% from $499,837 in June of 2014 and up7.5% from $532,862 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 374, up 13.7% from 329 last month and up 40.6% from 266 in June oflast year. June 2015 Inventory was at highest level compared to June of 2014and 2013.

The June 2015 Months Supply of Inventory of 3.0 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 movetowards more of a Seller's market. The DOM for June was 45, down -8.2% from 49days last month and up 45.2% from 31 days in June of last year. The June 2015DOM was at a mid range compared with June of 2014 and 2013.

The Selling Price vs Listing Price is the average amountthat Sellers are agreeing to come down from their list price. The lower theratio is below 100% the more of a Buyer's market exists, a ratio at or above100% indicates more of a Seller's market. The June 2015 Selling Price vs ListPrice of 96.7% was up from 96.3% last month and down from 97.8% in June of lastyear.

The number of New Listings in June 2015 was 200, up 14.9%from 174 last month and up 29.0% from 155 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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