Deerfield, IL

Deerfield's February Property sales were 10, down -23.1% from 13 in February of 2011 and -23.1% lower than the 13 sales last month. February 2012 sales were at their lowest level compared to February of 2011 and 2010. February YTD sales of 23 are running -4.2% behind last year's year-to-date sales of 24.

The Median Sales Price in February was $118,500, down -55.4% from $265,500 in February of 2011 and down -54.0% from $257,500 last month. The Average Sales Price in February was $158,350, down -59.3% from $389,200 in February of 2011 and down -50.7% from $321,406 last month. February 2012 ASP was at the lowest level compared to February of 2011 and 2010. The Inventory of Properties available for sale as of February was 160, up 0.6% from 159 last month and down -11.1% from 180 in February of last year. February 2012 Inventory was at the lowest level compared to February of 2011 and 2010.

The February 2012 Months Supply of Inventory of 16.0 months was at a mid range compared with February of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is 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 February was 137, up 10.5% from 124 days last month and up 55.7% from 88 days in February of last year. The February 2012 DOM was at its highest level compared with February of 2011 and 2010.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 Seller's market. The February 2012 Selling Price vs Original List Price of 74.6% was down from 82.2% last month and down from 86.8% in February of last year.

The number of New Listings in February 2012 was 37, down 5.1% from 39 last month and down -15.9% from 44 in February of last year.

Deerfield's January Property sales were 11, equal to 11 in January of 2011 and -47.6% lower than the 21 sales last month. January 2012 sales were at a mid level compared to January of 2011 and 2010. January YTD sales of 11 are running equal to last year's year-to-date sales of 11

The Total Inventory of Properties available for sale as of January was 160, down -8.0% from 174 last month and down -8.6% from 175 in January of last year. January 2012 Inventory was at the lowest level compared to January of 2011 and 2010.

The January 2012 Months Supply of Inventory of 14.5 months was at its lowest level compared with January of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is 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 January was 121, up 53.2% from 79 days last month and up 1.7% from 119 days in January of last year. The January 2012 DOM was at a mid range compared with January of 2011 and 2010.

The Selling Price vs Original Listing Price is the average amount that Sellers are agreeing to come down from their original 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 Seller's market. The January 2012 Selling Price vs Original List Price of 82.2% was down from 87.5% last month and down from 84.9% in January of last year.

The number of New Listings in January 2012 was 38, up 90.0% from 20 last month and up 8.6% from 35 in January of last year.

If you love to entertain friends and family in a relaxed and casual setting, this house at 8 Kenmore Avenue in Deerfield might just be the home for you.

It’s a 6 bedroom, 4.1 bath contemporary that has room for everybody. It sits at the end of a cul-de-sac, just blocks from South Park Elementary School. It has a flexible an open floor plan that fits well into any lifestyle. The great room is the perfect gathering space, with its cozy fireplace, wet bar and game area. The spacious and bright eat-in kitchen will undoubtedly become everyone’s favorite hang-out. A first floor bedroom can also double as an office allowing you to have a convenient “command central.” In warm weather the half sports court will draw everyone outside for a game of hoops as steaks sizzle on the grill. Upstairs the master suite has vaulted ceilings, a spa-like bath and large walk-in closet. There are three more bedrooms plus a hall bath. The lower level has a rec room big enough for all your toys: ping-pong, billiards, air hockey and foosball. There’s also a sixth bedroom and private bath that’s perfect for guests or an au pair.

This home has been meticulously maintained and has many features that make it the ultimate worry-free home: A whole house generator means you’ll never have to worry about power outages. The two furnaces with built-in humidifiers were new in 2010. There are two large hot water heaters, one of which was new in 2011, so there’s always plenty of hot water for laundry, dishes and showers. There are three sump pumps (count ‘em, three!) so flooding and seepage are never a problem. The security system gives added peace of mind.

The home is is a great value at $749,000. You can see a virtual tour here. If you’d like to see it in person, please give us a call at 847-881-6657 and we’d be happy to show it to you.

(Originally posted at North Shore Views)

Buyers looking for Colonial homes in Deerfield Illinois are invited to see the best new property to hit the market: 1680 Hickory Knoll, Deerfield

• Step back in time to experience the gracious elegance of this New England Colonial style 3 story retreat.
• This magnificent 15 room, 4600 square foot home, offers luxurious old world charm detailed with the finest restorations and modern amenities.
• Nestled on over 1.5 sprawling acres, this home rests high upon a hill surrounded by nature and unsurpassed private wooded splendor; a local landmark.