Glencoe, IL

Glencoe's February Property sales were 7, up 16.7% from 6 in February of 2011 and -12.5% lower than the 8 sales last month. February 2012 sales were at their highest level compared to February of 2011 and 2010. February YTD sales of 15 are running -11.8% behind last year's year-to-date sales of 17.

The Median Sales Price in February was $500,000, down -45.4% from $916,000 in February of 2011 and down -32.2% from $737,500 last month. The Average Sales Price in February was $771,143, down -30.3% from $1,107,000 in February of 2011 and down -50.7% from $1,562,813 last month. February 2012 ASP was at a mid range compared to February of 2011 and 2010.

The Total Inventory of Properties available for sale as of February was 89, down -1.1% from 90 last month and down -14.4% from 104 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 12.7 months was at its lowest level 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 121, up 3.4% from 117 days last month and down -16.0% from 144 days in February of last year. The February 2012 DOM was at a mid range 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 81.6% was down from 93.6% last month and down from 86.3% in February of last year.

The number of New Listings in February 2012 was 24, up 14.3% from 21 last month and up 4.3% from 23 in February of last year.

Glencoe's January Property sales were 7, down -36.4% from 11 in January of 2011 and -36.4% lower than the 11 sales last month. January 2012 sales were at their lowest level compared to January of 2011 and 2010. January YTD sales of 7 are running -36.4% behind last year's year-to-date sales of 11.

The Median Sales Price in January was $850,000, down -11.7% from
$962,500 in January of 2011 and up 19.4% from $712,000 last month.
The Average Sales Price in January was $1,696,786, up 43.1% from $1,185,973 in January of 2011 and up 112.1% from $800,136 last month. January 2012 ASP was at highest level compared to January of 2011 and 2010.

The Total Inventory of Properties available for sale as of January was 89, up 4.7% from 85 last month and down -16.8% from 107 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 12.7 months was at a mid range 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 133, up 51.1% from 88 days last month and up 16.7% from 114 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 94.7% was up from 85.1% last month and up from 88.4% in January of last year.

The number of New Listings in January 2012 was 20, up 185.7% from 7 last month and equal to 20 in January of last year.

Thank goodness it finally snowed yesterday for about twelve straight hours. About 6 inches later, it's time to have fun at the annual Glencoe Winter Carnival which will be held tomorrow, Saturday, January 14.

This year the event has been expanded to celebrate the Glencoe Park District's 100 year anniversary. Festivities will take place at the Watts Center at 305 N. Randolph between 1 and 4 pm.

The Watts Center will be offering skating races, games and prizes, ice sculpting, broomball, a hockey shooting contest, s'mores by the bonfire . . . and a dog sledding demonstration. If you have never figure skated before, come by and take advantage of a free lesson from 1-3 pm in the studio rink

The event is free, but if you need to rent skates, those fees will apply.

Weather is permitting, but for some reason, I don't think that will be a problem.

Call the Watts Center for more information at 847-835-7979.

Glencoe's December Property sales were 11, up 10.0% from 10 in December of 2010 and 37.5% higher than the 8 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 137 are running 24.5% ahead of last year's year-to-date sales of 110.

The Median Sales Price in December was $712,000, up 24.6% from $571,500 in December of 2010 and down -28.4% from $993,750 last month. The Average Sales Price in December was $800,136, down -8.0% from $869,500 in December of 2010 and down -38.5% from $1,301,563 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.

The Total Inventory of Properties available for sale as of December was 84, down -12.5% from 96 last month and down -20.0% from 105 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

The December 2011 Months Supply of Inventory of 7.6 months was at its lowest level compared with December of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

Glencoe Homes Sold in October 2011

Last month, 12 Glencoe homeowners sold their homes.

0 homes sold were Foreclosures.

2 homes sold were Short Sales.

Currently, 101 homes are for sale.

12 homes have pending contracts.

Based on last month’s sales, it will take 8 months to sell current inventory.

Following are the fabulous homes that sold in Glencoe last month.

Data provided by the Midwest Real Estate LLC (MRED) multiple listing service and includes properties listed and sold by various participants in the MLS. Data supplied does not reflect all market activity in the area.

Extraordinary value

Houses that sell faster offer extraordinary value.

Houses that offer extraordinary value are priced correctly at the get-go and show like a model home.

If you want to sell your home quickly, you must offer extraordinary value.

It’s Judy … your North Shore Chicago real estate agent.