Market Stats Booklet April2017 Market Stats | Page 9

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
Forest
Lake Lake Forest
+ 9.6% - 5.0% - 1.7%
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 + / –
67 67 0.0% 660 676 + 2.4%
25 26 + 4.0% 242 281 + 16.1%
17 16 - 5.9% 240 267 + 11.3%
$727,500 $732,500 + 0.7% $860,000 $800,000 - 7.0%
$885,743 $773,518 - 12.7% $1,050,463 $970,773 - 7.6%
89.5% 87.9% - 1.8% 89.8% 88.9% - 1.0%
224 119 - 46.9% 161 172 + 6.8%
320 301 - 5.9% -- -- --
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 13 + 116.7% 96 102 + 6.3%
6 6 0.0% 60 48 - 20.0%
3 3 0.0% 67 48 - 28.4%
$283,000 $316,500 + 11.8% $538,000 $359,000 - 33.3%
$351,000 $391,117 + 11.4% $556,085 $476,231 - 14.4%
83.3% 84.0% + 0.8% 93.6% 91.8% - 1.9%
223 343 + 53.8% 91 141 + 54.9%
31 44 + 41.9% -- -- --
* 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 Forest
b
Attached Single-Family
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.