FEBRUARY 1 – FEBRUARY 28, 2014: SOLD & RENTAL DATA FOR NORTH SHORE OF ILLINOIS.*

THE NORTH SHORE OF ILLINOIS
....................Units...DAYS on MARKET...Median Sold $.................TOTAL SOLD
Attached ..........85.…................78.....…................$195,000.................$19,300,970
Detached........128…...............118.........................$461,000….............$67,296,022
TOTAL……...213…….…......102…………....…$340,000…….……$86,596,992

FEBRUARY 1 - FEBRUARY 31, 2013 (Attached & Detached Homes):
TOTAL…..….275………..…..151……………...$285,000………….$92,988,318

RENTALS ~ FEBRUARY 1 - 28, 2014
…………......Units...... DAYS on MARKET…….Median Rental $....TOTAL VOLUME
.......................131.....................41..…………………. $1,700…………….$258,934
Data provided by 2013 MRED, LLC, not Guaranteed. Fair Housing Compliant.

Comparing last February, 2013 to this February, 2014, the Real Estate Market is down in number of sales transactions. This is largely due to the fact that there is ½ the inventory on the market today as there was last year this time. On a positive note, Median Sale prices continue to climb gradually.

The reason for the low inventory; is the above average snow fall for the Chicago area. 2014 will be noted as the 3rd snowiest winter since the early 1900’s. Right now we are over 4 feet above our average snow fall. The freezing temperatures and below zero wind chills have kept people staying inside their warm cozy homes.
The Real Estate Market has a shortage of homes For Sale. If you are considering selling your home, now is a GREAT TIME to list your home!

~PAM DEVENDORF, BROKER. Representing Buyers, Sellers, Investors, Builders and Rentals Locally, National & International. Call me for a confidential consultation.

This Data Includes the Following Areas: Deerfield, Bannockburn, Riverwoods, Highland Park, Lake Forest, Lake Bluff, Lincolnshire, Northbrook, Glenview/Golf, Mundelein/Ivanhoe, Vernon Hills/Indian Creek and Buffalo Grove.