Market Stats Booklet February 2017 Market Stats | Page 3
Local Market Update – January 2017
LOCAL MARKET UPDATE
January 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of February 14, 2017
CBHomes.com
Evanston
Evanston
- 5.2% - 2.0% - 31.4%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
January
Detached
Detached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
1-2016 1-2017 + / – 44 39 - 11.4% 24 23 - 4.2% 18 24 + 33.3% 497 495 - 0.4%
$368,000 $422,500 + 14.8% $504,000 $517,500 + 2.7%
$685,056 $525,343 - 23.3% $582,629 $596,623 + 2.4%
93.3% 96.1% + 3.0% 94.7% 95.2% + 0.5%
97 104 + 7.2% 84 75 - 10.7%
97 88 - 9.3% -- -- --
January
Attached
Attached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
1-2016
1-2017 + / –
736 730 - 0.8%
505 480 - 5.0%
Trailing 12 Months
1-2016 1-2017 + / – 1-2016 1-2017 + / –
72 71 - 1.4% 993 864 - 13.0%
37 57 + 54.1% 653 665 + 1.8%
31 24 - 22.6% 654 645 - 1.4%
$249,000 $196,500 - 21.1% $225,000 $220,000 - 2.2%
$248,840 $238,195 - 4.3% $253,220 $262,042 + 3.5%
91.9% 90.9% - 1.1% 93.2% 94.4% + 1.3%
119 101 - 15.1% 92 82 - 10.9%
180 102 - 43.3% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
Single-Family
Detached
All MLS
Evanston
b
Single-Family
Attached Single-Family
a
All MLS
Evanston
b
a
+ 30%
+ 30%
+ 20%
+ 20%
+ 10%
+ 10%
0%
0%
- 10%
- 10%
- 20%
- 20%
- 30%
- 30%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are
proportioned according to their share of sales during that period. | All data from Midwest Real Estate Data LLC. Powered by ShowingTime 10K.