Market Stats Booklet February 2017 Market Stats | Page 8

Local Market Update – January 2017
LOCAL MARKET UPDATE
January 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of February 14, 2017
CBHomes.com
Lake Lake
Bluff
Bluff
0.0% - 28.6% + 5.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
January
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
1-2016 1-2017 + / – 22 25 + 13.6% 264 256 - 3.0%
9 6 - 33.3% 146 133 - 8.9%
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
1-2017
+ / –
6 3 - 50.0% 147 134 - 8.8%
$590,000 $727,500 + 23.3% $502,820 $541,750 + 7.7%
$695,000 $678,167 - 2.4% $589,954 $685,247 + 16.2%
92.6% 96.9% + 4.6% 92.7% 91.5% - 1.3%
143 150 + 4.9% 103 122 + 18.4%
66 73 + 10.6% -- -- --
January
Attached
Attached Single-Family
Single-Family
1-2016
Trailing 12 Months
1-2016 1-2017 + / – 1-2016 1-2017 + / –
5 2 - 60.0% 61 67 + 9.8%
5 3 - 40.0% 48 45 - 6.3%
1 2 + 100.0% 45 47 + 4.4%
$477,500 $235,000 - 50.8% $204,000 $192,000 - 5.9%
$477,500 $235,000 - 50.8% $206,496 $218,710 + 5.9%
93.8% 94.5% + 0.7% 93.7% 91.6% - 2.2%
203 33 - 83.7% 60 93 + 55.0%
11 8 - 27.3% -- -- --
* 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
Single-Family
Detached
All MLS
Lake Bluff
b
Single-Family
Attached Single-Family
a
+ 80% + 200%
+ 60% + 150%
+ 40%
All MLS
Lake Bluff
b
a
+ 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. Powered by ShowingTime 10K.