Market Stats Booklet August 2017 Market Stats | Page 8

Local Market Update – July 2017
LOCAL MARKET UPDATE
July 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of August 14, 2017
CBHomes.com
Lake Bluff
- 8.0% + 5.0% - 26.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
July
Detached 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
7-2016 7-2017 + / – 7-2016 7-2017 + / –
20 17 - 15.0% 247 245 - 0.8%
8 11 + 37.5% 143 140 - 2.1%
16 13 - 18.8% 141 138 - 2.1%
$540,000 $611,500 + 13.2% $555,000 $520,000 - 6.3%
$570,301 $707,531 + 24.1% $660,526 $679,527 + 2.9%
94.8% 89.3% - 5.8% 91.8% 91.3% - 0.5%
35 179 + 411.4% 116 124 + 6.9%
88 64 - 27.3% -- -- --
7-2016 7-2017 + / – 7-2016 7-2017 + / –
5 6 + 20.0% 73 62 - 15.1%
4 1 - 75.0% 43 42 - 2.3%
July
Attached 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
4 8 + 100.0% 39 49 + 25.6%
$206,250 $239,400 + 16.1% $183,000 $210,500 + 15.0%
$195,625 $275,600 + 40.9% $217,837 $219,057 + 0.6%
94.1% 94.7% + 0.6% 92.2% 92.5% + 0.3%
62 33 - 46.8% 81 70 - 13.6%
20 15 - 25.0% -- -- --
* 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
All MLS
Lake Bluff
b
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.