North Shore Property Sales Reports

October North Shore-Glencoe property sales were 12, up 20.0% from 10 in October of 2010 and 71.4% higher than the 7 sales last month. October 2011 sales were at a mid level compared to October of 2010 and 2009. October YTD sales of 118 are running 32.6% ahead of last year’s year-to-date sales of 89.

Prices

The Median Chicago’s North Shore Sales Price trend in October was $924,500, up 16.0% from $797,000 in October of 2010 and up 110.1% from $440,000 last month. The Average Sales Price in October was $1,012,053, up 20.8% from $837,650 in October of 2010 and up 3.0% from $982,357 last month. October 2011 ASP was at a mid range compared to October of 2010 and

Inventory & MSI

The Total Inventory of Properties analytics show available for sale as of October was 105, down -5.4% from 111 last month and down -21.1% from 133 in October of last year. October 2011 Inventory was at the lowest level compared to October of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 8.8 months was at its lowest level compared with October of 2010 and 2009.

Market Time

The average Days On Market(DOM) statistic shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 112, up 72.3% from 65 days last month and up 10.9% from 101 days in October of last year. The October 2011 DOM was at a mid range compared with October of 2010 and 2009.

Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The trending graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2011 was 21, up 31.3% from 16 last month and up 5.0% from 20 in October of last year.

For additional Data visit www.gloriamatlin.com and select Community Reports

October-November 2011 Data

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