Market Stats Booklet February 2018 Market Stats | Page 9

Local Market Update – December 2017
LOCAL MARKET UPDATE
January 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2018
CBHomes.com
Lake Forest
+ 27.8% - 11.1% - 12.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
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
12-2016 12-2017 + / – 12-2016 12-2017 + / –
14 15 + 7.1% 697 641 - 8.0%
8 11 + 37.5% 267 286 + 7.1%
24 21 - 12.5% 277 280 + 1.1%
$737,500 $1,035,000 + 40.3% $780,000 $845,000 + 8.3%
$890,829 $1,144,024 + 28.4% $965,085 $1,064,322 + 10.3%
87.6% 90.4% + 3.2% 89.0% 89.1% + 0.1%
171 162 - 5.3% 176 189 + 7.4%
261 216 - 17.2% -- -- --
December
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
Trailin g 12 Months
12-2016 12-2017 + / – 12-2016 12-2017 + / –
4 8 + 100.0% 86 137 + 59.3%
2 4 + 100.0% 48 73 + 52.1%
+ 27.5%
3 3 0.0% 51 65 $906,500 $150,000 - 83.5% $394,000 $397,500 + 0.9%
$783,500 $206,833 - 73.6% $493,770 $422,503 - 14.4%
87.9% 86.7% - 1.4% 91.8% 90.0% - 2.0%
247 178 - 27.9% 125 154 + 23.2%
36 45 + 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 Forest
b
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 © 2018 ShowingTime.