THE NORTH SHORE OF ILLINOIS
........................................Units...DAYS on MARKET...Median Sold $.........TOTAL SOLD
Condo’s/Town Homes.....394.…............65.....…...............$200,000.................$93,559,545
Single Family……….......648….............93........................$451,000….............$364,960,910
TOTAL……………….1,042….…........82…………........$345,500……..…...$470,520,455
RENTALS
…………....................Units..... DAYS on MARKET…….Median Rental $....TOTAL VOLUME
........................................273..................45..……….…… $1,800…………….$583,212
DECEMBER 1 – DECEMBER 31, 2014
TOTALS…………….1,110………......88………..……..$331,030………….$470,349,611
Data provided by 2015 MRED, LLC, not Guaranteed. Fair Housing Compliant.
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.
Overall existing-home sales for 2014, fell slightly below 2013, 5.1 million compared to 4.9 million for 2014. There is pent up synergy with sellers and buyers and the National Association of Realtors (NAR) is forecasting 2015 home sales will increase to 5.3 million with a continual upswing in 2016 to 5.4 million. Prices will remain at a healthy level of growth, with an anticipated 4 percent rise in 2015 and 2016.
The improving job market has consumers feeling more confident, and the rebound in home prices continues to build household wealth for homeowners while giving them the ability to sell after waiting the last few years.
If you are thinking about selling or buying a home in the North Suburbs of Chicago, please contact me:
PAM DEVENDORF, REALTOR at Coldwell Banker. Direct: (847) 681-4143, pam.devendorf@cbexchange.com
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