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Winnetka IL Real Estate Market Action Report November 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

Winnetka's October Property sales were 13, down -18.8% from 16 in October of 2014 and -23.5% lower than the 17 sales last month. October 2015 sales were at their lowest level compared to October of 2014 and 2013. October YTD sales of 210 are running -0.9% behind last year's year-to-date sales of 212.

The Median Sales Price in October was $765,000, down -30.7% from $1,104,000 in October of 2014 and down -22.7% from $990,000 last month. The Average Sales Price in October was $932,423, down -27.4% from $1,284,465 in October of 2014 and down -16.0% from $1,109,559 last month. October 2015 ASP was at the lowest level compared to October of 2014 and 2013.

The Total Inventory of Properties available for sale as of October was 176, down -1.7% from 179 last month and up 21.4% from 145 in October of last year. October 2015 Inventory was at highest level compared to October of 2014 and 2013.

The October 2015 Months Supply of Inventory of 13.5 months was at its highest level compared with October 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 October was 84, up 47.4% from 57 days last month and down -42.9% from 147 days in October of last year. The October 2015 DOM was at a mid range compared with October 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 October 2015 Selling Price vs List Price of 92.6% was down from 93.8% last month and down from 93.4% in October of last year.

The number of New Listings in October 2015 was 37, down -26.0% from 50 last month and up 15.6% from 32 in October 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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