Market Stats Booklet January 2017 Market Stats | Page 8
Local Market Update – December 2016
LOCAL MARKET UPDATE
December 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of January 14, 2017
CBHomes.com
Lake Lake
Bluff
Bluff
+ 25.0% + 7.7% - 1.4%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
December
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
12-2015 12-2016 + / – 4 8 + 100.0% 264 253 - 4.2%
5 3 - 40.0% 144 136 - 5.6%
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
12-2016
+ / –
11 13 + 18.2% 149 137 - 8.1%
$435,000 $460,000 + 5.7% $489,000 $546,000 + 11.7%
$538,264 $519,670 - 3.5% $576,397 $685,829 + 19.0%
89.0% 86.1% - 3.3% 92.4% 91.4% - 1.1%
109 143 + 31.2% 101 122 + 20.8%
59 62 + 5.1% -- -- --
December
Attached
Attached Single-Family
Single-Family
12-2015
Trailing 12 Months
12-2015 12-2016 + / – 12-2015 12-2016 + / –
4 2 - 50.0% 61 70 + 14.8%
2 4 + 100.0% 45 49 + 8.9%
2 1 - 50.0% 44 46 + 4.5%
$165,000 $82,000 - 50.3% $201,500 $188,500 - 6.5%
$165,000 $82,000 - 50.3% $200,337 $223,627 + 11.6%
94.6% 71.4% - 24.5% 93.7% 91.5% - 2.3%
75 180 + 140.0% 57 98 + 71.9%
14 10 - 28.6% -- -- --
* 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
- 100%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** 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.