Evanston IL Real Estate July 2016

By
Real Estate Agent with Coldwell Banker 475.140531
https://activerain.com/droplet/4TkX

We just got the Evanston IL Real Estate report for data through July 14 2016. We are going to take a look at the situation as compared to one year ago the same time frame and one month of data. You can get a Evanston ILgood idea of how Evanston Real Estate is doing now as compared to one year ago. Looking at the whole picture, single family homes and condos the change in new listings is down 23.6% but the change in closes sales has gone up 6.1%. A great sign that Evanston IL properties are really selling. There is a 37.5% change in inventory of homes, all types of property. This is a good indication that there is a lack of inventory. If you are wondering if this is still a good time to sell your home the answer is yes. 

To break it down further we have 17.6% less new inventory of new listings in single family homes as compared to this time frame last year. We have had 75 new single houses hit the market for sale this month and last year it was 91 properties. Evanston IL has 15.6% less under contract single family homes but the closed sales this month are up 21.9% with 78 houses closing as compared to 64 in the time frame ending July 14 last year. The average sales price of a single family house in Evanston IL is up 10.7% to $656,477 as compared to $592,830 last year at this time. Average market time is up 9.1% to 60 days before a contract as compared with 2015 when it was 55 days.

Click Evanston Houses for sale and Evanston Condos for sale to see the latest inventory.

Looking at the Condo scene we have 28.8% less new listing on the market with 74 in the time frame ending July 14, 2016 and last year the same time it was 64 properties. The figure for under contract condominiums is up 16.4% to 78 condos as compared with 67 one year ago. The average sales price of a condo is down 8.4% to $254,840 this month and last year it was $278,131. The average market time is down a whopping 18.3% from last year's 82 days until a contract to today's 67 days.

Please let us know if you have any questions about Evanston and its Real Estate.

Understanding your Expectations and Exceeding them

Coldwell Banker Evanston 

(800) 858-7917

Evanston Real Estate July 2016 market report

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Rainmaker
2,480,403
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Evanston real estate is in good hands with you!  I hope that your weekend is being enjoyed my friend!

Jul 16, 2016 04:16 AM #1
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Thank you Brian England a true friend.

Jul 16, 2016 04:17 AM #2
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Noah - Your excellent Evanston market report certainly suggests that homeowners thinking of selleing should contact you to discover how to make the most of current market opportunities.

Jul 16, 2016 05:19 AM #3
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Noah...it's great of you to keep everyone updated on the Evanston, IL real estate market. Both buyers and sellers will appreciate this information. 

Jul 16, 2016 10:05 AM #4
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Thanks for a great market report Noah Seidenberg, it is detailed and easy to understand.

Jul 16, 2016 10:08 AM #5
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Noah if inventory is down then it makes sense that sales would be down as well.  Hopefully Sellers start to see that this is a great time for them to put their properties on the market if they are thinking of selling.

Jul 16, 2016 11:23 AM #6
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Noah

Your real estate market report shows the Evanston Illinois is a strong real estate market.

Good luck and success.

Lou Ludwig

Jul 16, 2016 01:06 PM #7
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Noah Seidenberg Thank you for taking the time to prepare and share this information. 

Jul 16, 2016 01:21 PM #8
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Evanston home sellers will be in very good hands when they select you as their listing agent.

Jul 16, 2016 09:12 PM #9
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Noah,

Good to hear sales and average sale price rose in Evanston IL in July.

Jul 16, 2016 09:18 PM #10
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Noah.  Thanks for the thorough update for the Evanston real estate market.

Jul 16, 2016 09:41 PM #11
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

We are seeing less inventory too Noah. Consumers will appreciate your Evanston Real Estate report.

Jul 16, 2016 10:30 PM #12
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Thanks for the comments friends.

Jul 17, 2016 12:20 AM #13
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Noah --- when I think of Evanston -- I now think of you.  Not just real estate but anything Evanston.   

Jul 17, 2016 06:18 AM #14
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Chicagoland and Suburbs (800) 858-7917
Chicago Land Real Estate and Suburbs
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