We present the complete data for the Evanston IL Real Estate May 2016 Market report. There is been quite
a change from last month's report. We see a big change between attached (Condos and
townhouses) and Single Family homes. First
we look at the whole Evanston Real Estate situation. For this period which
is through June 14th 2016 and looking at one month of data, we have 7%
less news listing of all property types and 1% gain of closed sales. The
inventory is down 28.1% but if you read further it is a reflection of
condos.
In researching Detached properties which is single family
homes, we have 15.5% more new listings during this period and a whopping
56% gain in under contract properties for this month with 78 new home
listings as opposed to 50 in this time frame of 2015. Closed sales of
houses is down 30.4% with 32 in the May time frame and 46 exactly one
year ago. The average sales price of a single family home in Evanston IL
has gone down 7.7% to $647,094 compared to $701,214 one year ago.
Houses are selling faster at this time, the average market time is down
21.1% to 86 days and last year at this time it was 109 days.
Here is a direct link to available inventory click
Evanston Houses for sale and
Evanston Condos for sale. This is a live data to the Multiple Listing Service (MLS) and is updated on the fly.
To
summarize the Attached or condo and townhouse situation, we have 21.7%
less new listings for sale with only 101 and we had 129 one year
ago. Evanston IL has a 24.1% gain or under contract condos in the May
time frame with 72 units contingent or pending as opposed to 58 in the
same time frame one year ago. Closed sales of Condos are up 28.8% with
67 condos sold and off the market in May compared with 52 one year ago
in this 30 day time frame. The average sales price of a condo is up
12.5% to $278,080 Vs $247,144 one year ago. Finally the average market
time for a condo to go under contract in Evanston IL is down 13.2% to 92
days from 106 days at this time one year ago.
If you have any questions about Evanston Il Real Estate please contact us and we can answer any questions.
Understanding your Expectations and Exceeding them
(800) 858-7917
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