Market Stats Booklet February 2017 Market Stats | Page 9

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
Forest
Forest
+ 1.5% - 41.2% + 2.4%
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 Re ceived*
Average Market Time
Inventory of Homes for Sale at Month End
1-2016 1-2017
59 14
Trailing 12 Months
+ / – 1-2016 1-2017 56 - 5.1% 658 692 + 5.2%
23 + 64.3% 243 279 + 14.8%
+ 14.7%
13 9 - 30.8% 238 273 $810,000 $680,000 - 16.0% $874,500 $769,000 - 12.1%
$1,171,077 $936,523 - 20.0% $1,070,039 $954,334 - 10.8%
92.7% 89.6% - 3.3% 90.2% 88.8% - 1.6%
230 158 - 31.3% 157 173 + 10.2%
261 262 + 0.4% -- -- --
January
Attached
Attached 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 + / – 1-2016 1-2017 + / –
9 13 + 44.4% 104 91 - 12.5%
5 2 - 60.0% 65 45 - 30.8%
4 1 - 75.0% 66 48 - 27.3%
$665,000 $595,000 - 10.5% $496,250 $367,500 - 25.9%
$693,750 $595,000 - 14.2% $535,890 $479,214 - 10.6%
91.9% 100.0% + 8.8% 94.2% 92.0% - 2.3%
145 27 - 81.4% 86 122 + 41.9%
33 39 + 18.2% -- -- --
* 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 Forest
b
Single-Family
Attached Single-Family
a
All MLS
Lake Forest
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. Powered by ShowingTime 10K.