This is
the last Skokie IL Real Estate report for 2015, we are
viewing data through December 14 2015. December
is one of the least busy of the
whole year due to the holidays. We see 4.1% less new inventory of all
properties and 14% less closed sales of all properties compared to the same
period last year. This will defiantly change early next year, look for around
late February of 2016.To analyze the
data a little further, we have a 4.6% gain in new listing of single family
homes and a whopping 40% gain of under contract sales of single family homes
compared to the same time last year. The average sales price for homes in Skokie IL has gone down 7.4% so this might be
a good time to do some house shopping.
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| Old Orchard Mall |
As for the Skokie IL condo scene, we are seeing 16.1
less condominium new listings this month, 20% less under contract and 12.5 less
closed sales. The average sales price for condos has slid to $161,971 a 11.5% drop
from $183,056 for the same time last year. An interesting comparison of
market time this month is that the average market time for condos has gone up
20% to 90 days for 75 properties last year at this time and for homes we are at
78 average days on the market compared to the same time last year of
88 days and that is 11.4% less time for a house in Skokie to be on the market before going under
contract.
Click Skokie Homes to see the most updated Skokie IL Condos and Houses for sale.
Skokie is a fantastic location to call home, the prices and property
taxes are quite a bit lower compared to its neighbor to the East in Evanston IL and Skokie has so much to offer. Excellent public
transportation and schools are the
norm in Skokie as well as some of the best shopping in
Old Orchard Mall. Considered one of the best outdoor shopping
malls in Chicago Land.
If you have any
questions about Skokie IL or its real estate, give us a call
at (800) 858-7917 or check out our web site Coldwell Banker Residential Real Estate.
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