Island Lake Real Estate Market Update December 2018


Real Estate In Island Lake is a sellers’ market with low inventory of homes in Island Lake and a lot of buyer interest. There is a 4.65 months supply of inventory on the market in Island Lake on December 31, 2018.



Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Island Lake last month was 36 days.
It took on average 27 days to sell Island Lake Condo, Townhouse or a Duplex.
The number of home sales in Island Lake from November 1, 2018 through November 30, 2018 was 10 units. That is 1% above the number of homes sold last month in Island Lake.

The average price per square foot in the area is now $80/Sq.Ft, which is 10% an increase from last month.



In Island Lake there were 4 units sold in November in the price range between $98,000 – $135,600 with an average of 2 bedrooms and 1.5 bathrooms and average Square footage of 1,050SF.

In Island Lake there were 3 units sold in November in the price range between $135,601 – $220,349 with an average of 2.7 bedrooms and 1 bathrooms and average Square footage of 1,482SF.

In Island Lake there were 3 units sold in November in the price range between $220,350 – $267,500 with an average of 3.3 bedrooms and 2.4 bathrooms and average Square footage of 2,075SF.

The low price range had the most activity. Homes up to $135,600 were on the market on average 39 days and sold an average of $122,500.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Island Lake. Search all Island Lake homes for Sale on propertyup.com If you are considering viewing Island Lake, you may want to do so now!

Island Lake
Oct 1, 2018 – Oct 31, 2018
Nov 1, 2018 – Nov 30, 2018
Month
October
November
Average Listing Price
$265,542
$281,093
Median Sales Price
$151,128
$173,200
Month supply of inventory
6.5
4.7
Market Time Detached
48 days
36 days
Market Time Attached
42 days
27 days
Inventory
101 properties
81 properties
Low price range
$67,000 – $109,064
$98,000 – $135,600
Low price range market time
115 days
39 days
Low price range units sold
0
4
Low price range bedrooms
3.5
2
Low price range bathrooms
1.1
1.5
Low price range approx sqft
1,523 SF
1,050 SF
Mid price range
$109,065 – $187,563
$135,601 – $220,349
Mid price range market time
30 days
12 days
Mid price range units sold
9
3
Mid price range bedrooms
2.6
2.7
Mid price range bathrooms
1.3
1
Mid price range approx sqft
1,197 SF
1,482 SF
High price range
$187,564 – $224,000
$220,350 – $267,500
High price range market time
51 days
45 days
High price range units sold
3
3
High price range bedrooms
3.3
3.3
High price range bathrooms
1.7
2.4
High price range approxsqft
1,728 SF
2,075 SF

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source http://realestatevibe.com/island-lake-real-estate-market-update-December-2018/

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