Property Sales

Reflecting data in April 2012, Chicago’s North Shore-Glencoe March 2012 real estate Property sales were down -52.9% from March of 2011 and equal to 0.0% 8 sales last month. March 2012 sales were at a mid-level compared to March of 2011 and 2010. March YTD sales of 24 are running -29.4% behind last year’s year-to-date sales of 34.

 Prices

The Median north shore   Sales Price in March was $972,000, up 36.9% from $710,000 in March of 2011 and up 101.7% from $482,000 last month. The Average Sales Price in March was $1,645,063, up 118.2% from $753,912 in March of 2011 and up 124.5% from $732,750 last month. March 2012 ASP was at highest level compared to March of 2011 and 2010.

 Inventory   & MSI

The Total Inventory of North Shore Properties available for sale as of March was 98, up 2.1% from 96 last month and down -8.4% from 107 in March of last year. March 2012 Inventory reporting was at the lowest level compared to March of 2011 and 2010.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for buyers. The March 2012 MSI of 12.3 months was at a mid-range compared with March of 2011 and 2010.

 Market Time

The average Days On   Market (DOM) shows how many days the average North Shore Property is on the   Market before it is sold. 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 March was down -24.0% from 167 days last month   and down -26.2% from 172 days in March of last year. The March 2012 DOM was at its lowest level compared with March of 2011 and 2010.

 
 

Inventory /   New Listings / Sales

The attached graph shows the basic annual seasonality of the North Shore market as well as the relationship between these items. The number of New Listings in March 2012 was 34, up 41.7% from 24 last month and up 70.0% from 20 in March of last year.

 Feel free to utilize our Coldwell Banker Residential Brokerage Office.  We can review market reports, supply real estate property value analysis, help you find a home, sell a home, or get a map on the local places to go/see. We are located at 640 Vernon Ave, Glencoe Illinois 60022.  Let our top ranked service guide you through the North Shore Real estate process. Our North Shore realtors are top rated. You can also review more reports at www.gloriamatlin.com 
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