Glo-NovResults-2013Property Sales

The year approaches the end with a real estate surge…November Chicago North Shore November YTD sales volume is running 23.7% ahead of last year’s year-to-date sales. Market action reporting figures were down -2.4% compared to figures in November of 2012 and were -20.2% lower than market action report sales figures last month. November 2013 sales were at a mid-level compared to November of 2012 and 2011.

Prices

The Median Chicago North Shore Sales Price in November was up 26.6% from totals in November of 2012 and up 14.5% from North Shore sales results last month. The Average Sales Price in November was up 29.3% compared to November of 2012 and up 10.2% from last month’s North Shore results. November 2013 ASP was at the highest level compared to November of 2012 and 2011.

Selling Price vs Listing Price

The North Shore Selling Price vs Listing Price reveals the average amount that North Shore Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a North Shore Seller’s market. The November 2013 Selling Price vs List Price of 96.1% was up from 95.8% last month and up from 94.0% in November of last year.

Inventory & MSI

The total Chicago Northern Shore Inventory of Properties available for sale as of November was down -14.8% from totals calculated last month and down -28.2% compared to November of last year. November 2013 Inventory was at the lowest level compared to November of 2012 and 2011.

A comparatively lower MSI is more beneficial for North Shore sellers while a higher MSI is better for North Shore buyers. The November 2013 MSI of 4.4 months was at its lowest level compared with November of 2012 and 2011.

Inventory / New Listings / Sales

The view above of the North Suburban market of Chicago, combines monthly inventory of North Shore properties for sale along with New Listings and Sales totals. The sales driven graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New North Shore Listings in November 2013 was down -31.9% from last month and down -2.9% from market action reporting in November of last year.

Consistently among the top performing Illinois Realtors for the 2nd, and 3rd quarter of 2013, a five star professional award winner -2011, 2012 and 2013, nationally ranking in the top 1% of agents for over 3 decades; Gloria Matlin maintains these accolades with grace, and a sincere approach by making each and every client realize their North Shore real estate dreams.  For more information on these and similar reports feel free to stop by Gloria’s high producing Coldwell Banker Residential Real Estate office- 640 Vernon Ave., in the downtown village district  of Glencoe, Illinois,60022.

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