Glenview IL Real Estate Market Action Report December 2015

By
Real Estate Agent with Coldwell Banker Residential Brokerage

By Art Wilson, Realtor

Glenview's November Property sales were 50, up 6.4% from 47 in November of 2014 and -31.5% lower than the 73 sales last month. November 2015 sales were at a mid level compared to November of 2014 and 2013. November YTD sales of 771 are running 3.1% ahead of last year's year-to-date sales of 748.

The Median Sales Price in November was $407,500, up 24.6% from $327,000 in November of 2014 and up 11.0% from $367,000 last month. The Average Sales Price in November was $479,821, up 9.1% from $439,805 in November of 2014 and up 6.2% from $451,597 last month. November 2015 ASP was at highest level compared to November of 2014 and 2013.

The Total Inventory of Properties available for sale as of November was 292, down -20.2% from 366 last month and up 25.3% from 233 in November of last year. November 2015 Inventory was at highest level compared to November of 2014 and 2013.

The November 2015 Months Supply Of Inventory of 5.8 months was at its highest level compared with November 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 November was 51, up 10.9% from 46 days last month and up 8.5% from 47 days in November of last year. The November 2015 DOM was at its highest level compared with November 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 November 2015 Selling Price vs List Price of 96.0% was up from 95.0% last month and up from 95.2% in November of last year.

The number of New Listings in November 2015 was 72, down -24.2% from 95 last month and up 24.1% from 58 in November 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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