As a “Short Sale” Specialist I  find it  important to discuss how the real estate market is being influenced by the number of “Short Sales” and “Foreclosures” in Evanston. The statistics I am about to report are only accurate to a point. Part of the problem is real estate agents are not disclosing their listings as “Short Sales” in the MLS even though the Real Estate Board has now improved the data entry on  both “Short Sales” and “Bank Owned” properties. With that in mind, here are the third quarter results on”Short Sales” and”Bank Owned” properties in Evanston.

Currently, there are 23 “Short Sales” Listings  and  4 “Bank Owned” Listings in Evanston. This represents 7%-9% of all “Active Listings” in Evanston, IL

During the past nine months, 8 “Short Sales”  and 4 “Bank Owned”  have closed in Evanston, Il. This represents 4% of all closed homes in Evanston.