Property Sales Evanston IL November Property sales were 69, up 13.1% from 61 in November of 2014 and 16.9% lower than the 83 sales last month. November 2015 sales were at their highest level 
compared to November of 2014 and 2013. November YTD sales of 1,044 are running 15.4% ahead of last year's year-to-date sales of 905.
Prices The Median Sales Price in November was $294,000, up 10.9% from $265,000 in November of 2014 and up 0.5% from $292,500 last month. The Average Sales Price in November was $330,415, up 6.5% from $310,374 in November of 2014 and down 14.1% from $384,461 last month. November 2015 ASP was at the highest level compared to November of 2014 and 2013.
Inventory The Total Inventory of Properties available for sale as of November was 296, down 15.4% from 350 last month and down 14.9% from 348 in November of last year. November 2015 Inventory was at a mid level compared with November of 2014 and 2013.
Market Time The average Days On Market (DOM) shows 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 62, up 8.8% from 57 days last month and up 3.3% from 60 days in November of last year. The November 2015 DOM was at a mid level compared with November of 2014 and 2013.
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2015 Selling Price per Square Foot of $203 was down 1.2% from $205 last month and up 6.6% from 190 in November of last year.
Inventory/New Listings/Sales The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original 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 Original List Price of 97.1% was up from 96.2% last month and up from 96.7% in November of last year.
Give us a call at (800) 858-7917 Coldwell Banker Evanston
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