Skokie IL Real Estate Outlook May 2016

The Skokie IL Real Estate stats are very interesting this month. We have a 17.9% change in new

listings of all properties, a 7.1% change in closed sales and 10.7% less inventory of all types of property. Overall the stats look promising for Skokie at this time. As far as Skokie IL single family homes we have 18.8% new listings with 95 new homes on the market in April of 2016 and 80 the same time last year. Skokie has a 29.2% gain of under contract single family homes with 62 currently and 48 last April. Closed sales are up 2.9% with 35 homes this April and 34 last year at this time. The average sale price of a single family home in Skokie IL currently is up 9.1% at $334,200 and last year in April of 2015 was $306,307.The average market time is down 4.5% at 168 days and last year we had 176 days.

Taking a look at the Skokie IL condominium scene new listing are up 16.3% with 50 condo on the market in April of 2016 and 43 last April. Under contract condos are up 30% with 26 properties in the April market and 20 last year. Closed sales are up 13.6% with 25 properties as compared to 22 last April. The average sales price for Skokie IL condos currently is up 3.7% at $196,204 and last year was $189,211. The average market time before a sale for Skokie condos is up 60.7% to 90 days as compared to only 56 days last year at this time.

If you are interested in the latest inventory click Skokie IL Homes for sale and also Skokie IL Condos for sale. This is a direct connection to the Multiple Listing Service (MLS) with the data updated on the fly. This is the most accurate source your will find.

Skokie IL is a great place to live, the prices and property taxes are lower compared to its neighbor to the East in Evanston IL.

Understanding your Expectations and Exceeding them

Coldwell Banker Skokie

(800) 858-7917

Skokie IL Real Estate Report January 2016

The Skokie IL Real Estate market report for January 2016 has just come out. For the month of December through January 14th we see a 31.4% gain in new listings of all types of properties, 30.3% less closed sales of all property types and 18% less inventory of homes, that is condos and single family houses. To break it down further for single family homes we see a 60% gain in new listings in December of 2015 at 32 homes vs 20 properties in the same period of 2014. Skokie IL has a 111.8% gain in under contract single family homes in this period at 36 houses while last year at this time the number was 17 homes. The average sales price for a single family home in Skokie IL is $302,130, that is up 7.6% over last year at the same time.

In the condo scene for December of 2015 we see 6.7% less new listings at 14 properties listed vs 15 at this time last year. The figures for under contract condo sales is a 162.5% gain at 21 units vs 8 last year at this time. The average sales price for a condominium in Skokie IL is $188,506, up 2.4% from last year at this time.

If you are interested in to see for yourself, click Skokie Illinois Homes For Sale and you can browse single family homes or condos freely. This data is direct from the multiple listing service and updated on the fly. The same data we Realtors use to find property in Skokie IL.

Skokie IL Real Estate continues to be very popular, there are great values in homes and condos and the village offers great shopping in Old Orchard Mall, easy access to I94 or the Edens expressway and the Skokie school system is desirable offering a great education for your children.

If you become interested in Skokie IL Real Estate or have any questions about the community feel free to give us a call at Coldwell Banker Skokie. (800) 858-7917.

Understanding you Expectations and Exceeding them

Coldwell Banker Skokie

(800) 858-7917