Time to take a look back at the month of May here on the North Shore. We thought it would be interesting to see how many properties came on the market in May (defined as a listing date between May 1 and May 31), and how many of them are already under contract (or perhaps even closed!) This is just a quick snapshot, covering the broad spectrum of property offerings: new construction, resale, a cancelled/new listing situation (ask your friendly realtor what that means!), etc. Generally speaking, it seems there is plenty of buying opportunity on the North Shore.
ROLL CALL:
Single family/ condo or townhome
(# under contract or closed) (# under contract/closed)
EVANSTON 10/ 193
(24, or 22.4%)/ (27, or 13.9%)
WILMETTE 84/ 4
(15, or 17.8%)/ (0)
KENILWORTH 4/ 0
(1, or 25%)/ (0)
WINNETKA 45/ 1
(8, or 17.7%)/ (0)
GLENCOE 26/ 5
(5, or 19.2%)/ (2, or 40%)
ROLL CALL:
Single family/ condo or townhome
(# under contract or closed) (# under contract/closed)
EVANSTON 10/ 193
(24, or 22.4%)/ (27, or 13.9%)
WILMETTE 84/ 4
(15, or 17.8%)/ (0)
KENILWORTH 4/ 0
(1, or 25%)/ (0)
WINNETKA 45/ 1
(8, or 17.7%)/ (0)
GLENCOE 26/ 5
(5, or 19.2%)/ (2, or 40%)
2 comments:
I'm a little confused. Is this the percentage of these actual new listings that have gone under contract already. If that's the case, it seems that if 15-20% of new listings are already under contract in the first 30 days, that's not too bad. What am I missing?
Good question! In fact, the contracts that we are citing in this post are not necessarily restricted to the new listings that came on market in the month of May. The intent of this post is to report how many units (either single family, or "attached") went under contract in the month of May, vs. how many new unit came on market in the month of May. Sorry for the confusion.
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