We now have the Evanston IL Real Estate report for November 2016. The discussion here will be comparing the last 30 days period ending November 14 to the same time frame of 2015. Evanston has really been busy and now near Thanksgiving we are seeing things slow down a bit.
There are 8.3% less new listings and 17.6% less closed sales of all types of properties combined. We have a definite sellers market with 29.8% less inventory. This year has been extremely busy and we anticipate a strong Spring.
Looking at the Evanston IL Real Estate single family stats, we have 6.3% less new listings with 45 this 30 day period as compared with 48 last year in the same time. Under contract houses are down 2.6% and we have 33.3% less closed sales this month as compared with the same time frame in 2015. The average sales price for a home in Evanston IL is down 15.8% to $478,380 as compared with $568,104 in 2015 at this same time of year. The average market time is up 22.2% to 77 days from only 63 days last year.
Now on to condominiums for sale in Evanston IL. New listings are down 10% from 60 at this same time last year, we had only 54 new condos hit the market in the last 30 days. Under contract properties are up slightly to 51 condos as opposed to 49 last year, a 4.1% gain. Interestingly the average sales price for an Evanston IL condo is up 36.4% to $306,614 from 2015 when it was $224,766 this month. The average market time for a condo to go under contract is up 2.3% to 89 days from 87 days last t year at the same time of year.
The condo market continues to be very hot and I have personally had a couple of sales in the last two weeks. That is unusual as next week is Thanksgiving. I have clients looking all weekend and the stats show many showings throughout Evanston.
If you want to get more information or see a property please call us at (800) 858-7917 day or night or if you want to search on your own, click Coldwell Banker Evanston.