Evanston IL Real Estate November 2016

By
Real Estate Agent with Coldwell Banker 475.140531

We now have the Evanston IL Real Estate report for November 2016. The discussion here will be Evanston ILcomparing 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.

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

Evanston IL google map

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.

Evanston Real Estate November 2016.jpg

Comments (9)

Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Noah-October seems like a tough month for detached in your area, but the twelve month trend was OK. No reason to jump off a bridge considering one month results, right?

Nov 18, 2016 05:39 AM
Noah Seidenberg

Thanks Wayne Johnson 

Nov 18, 2016 12:50 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Noah: The Evanston IL real estate market sure looks like it can use an infusion of new listings to satisfy buyer needs. Now is a good time for potential sellers to call you and get their property on the market.

Nov 18, 2016 07:53 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Noah things slowing down at this time of the year is expected, but there are still a lot of people out there looking to purchase a house before the end of the year.

Nov 18, 2016 08:10 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It is good to see homes selling even in the slower time of the year

Nov 18, 2016 10:45 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Thanks Anita ClarkGeorge Souto & William Feela  

Nov 18, 2016 12:50 PM
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 update for the Evanston IL real estate market.

Nov 18, 2016 08:48 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Noah -- the typical seasonal slowdown in Evanston real estate market seems to have made a detour when it comes to your still strong business.  Keep pushing forward -- you're having a terrific year and I'm certain 2017 will bring more of the same for you.  

Nov 18, 2016 10:52 PM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Noah, Thanks for Evanston IL Nov Market update report. This market still looks to be humming along. 

Nov 19, 2016 06:56 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Nov 20, 2016 01:00 AM