Market Stats Booklet April2017 Market Stats | Page 8

Local Market Update – March 2017
LOCAL MARKET UPDATE
March 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2017
CBHomes.com
Bluff
Lake Lake Bluff
- 19.2% - 40.0% - 3.4%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
March
Detached
Detached Single-Family
Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
20 17 - 15.0% 258 250 - 3.1%
13 15 + 15.4% 138 132 - 4.3%
9 7 - 22.2% 135 136 + 0.7%
$750,000 $420,000 - 44.0% $507,000 $531,250 + 4.8%
$659,944 $647,314 - 1.9% $601,235 $697,219 + 16.0%
86.4% 84.2% - 2.5% 91.7% 91.6% - 0.1%
210 180 - 14.3% 105 119 + 13.3%
74 74 0.0% -- -- --
March
Attached Single-Family
Single-Family
Attached
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Price Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
3-2016 3-2017 + / – 3-2016 3-2017 + / –
6 4 - 33.3% 63 67 + 6.3%
2 3 + 50.0% 41 46 + 12.2%
6 2 - 66.7% 47 44 - 6.4%
$158,750 $181,000 + 14.0% $194,000 $193,500 - 0.3%
$163,125 $181,000 + 11.0% $203,029 $226,775 + 11.7%
90.9% 89.4% - 1.7% 93.7% 91.5% - 2.3%
84 165 + 96.4% 63 99 + 57.1%
14 11 - 21.4% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
Detached Single-Family
All MLS
Lake Bluff
b
Attached Single-Family
Attached Single-Family
All MLS
Lake Bluff
a
b
a
+ 200%
+ 80%
+ 60%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 50%
- 40%
- 60%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 100%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
All data from Midwest Real Estate Data LLC. Report © 2017 ShowingTime.