Our Skokie IL Real Estate report is in for August 2016. Let us take a little time
and go through
an analysis of the stats of this month as compared to the same time
frame of exactly one year ago. We can try to get a feel of what is currently
going on and some views into the future if that is possible? We provide an interesting report at the end of this blog that will help you dig in even
deeper if you like to view stats. I sure do.
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| Old Orchard Mall Skokie |
In
the complete picture for Skokie Real Estate we see 25.7% less new
listings of all types of properties and 9.9% less closed sales. Our inventory is down 17.7% and that shows a lack of property for sale. This
means that it is a good time to sell if you are considering a move. The
sales of Skokie homes and condos have boomed this Spring and Summer.
Click Skokie Houses for sale and Skokie Condos for sale to see the latest inventory directly from the Multiple Listing Service (MLS), this is live data.
Next is the Skokie Real Estate scene for single family homes. During this
one month time frame we are viewing today Skokie has a 27.4% loss in new
listings with 69 properties going on for sale as compared to 95 one year
ago at the same time. Under contract properties are down 21.1% with 45
houses in Skokie going pending and last year during this month the
figure was 57 properties. The average sales price of a Skokie Single
Family home is up6% to $334,760, last year at this time it was $315,772.
The average market time is up 21.4% to 68 days before a contract and
last year it was only 56 days.
In
Skokie Real Estate for condos, new listings are down 22.4% this
month from 49 last year to only 38 properties presently this month. The
under contract figure is flat, we had 28 this month and the same in
2015. The average sales price of a condo in Skokie is up 13.3% to
$182.019 from last years $160,689. Also the average market time is down
37.1% from 62 days until a contract last year to only 39 now. That is a
rocking market.
If
you want a further explanation of what is going on in the Skokie Real
Estate situation or have any questions about the process please let us
know. We are here to help you.
Understanding your Expectations and Exceeding them
(800) 858-7917
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