This is our report for the first quarter for Inverness IL real estate sales. It should open up the eyes to what’s been happening over the last several years and what to expect. It’s as clear as day that recovery occurred in this small community in 2012. Sales increased on 2011 by 77%. That’s a huge increase in sales. 2013 held steady at about the same amount. There’s no answer about 2014 until it unfolds, but sales this year have crept up compared to last year, at least for the first three months.
Inverness IL Real Estate Chart of Sales
Here are a few more stats you might find interesting.
What’s the average marketing time for Inverness homes in 2013 – 151 days.
What’s the average marketing time for Inverness homes over $1 million in 2013 – 33 days. Now that’s a mind blowing statistic. There were 6 sales.
What’s the average list to sales price ratio for Inverness homes sold in 2013 – 95%
The average sold price for single family Inverness homes in 2013 was – $568,713
The average sold price for town-homes/condos in Inverness for 2013 was – $360,960
We’ll be back at the end of June to see how the Inverness IL real estate market is fairing as we enter the busiest season of the year for home sales.