Market Stats Booklet March 2017 Market Stats | Page 8

Local Market Update – February 2017
LOCAL MARKET UPDATE
February 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2017
CBHomes.com
Bluff
Lake Lake
Bluff
- 6.3% + 125.0% + 11.1%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
February
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
2-2016 2-2017 + / – 2-2016 2-2017 + / –
27 23 - 14.8% 265 252 - 4.9%
16 15 - 6.3% 141 132 - 6.4%
2 6 + 200.0% 143 138 - 3.5%
$289,000 $770,000 + 166.4% $507,000 $547,500 + 8.0%
$289,000 $830,833 + 187.5% $591,722 $697,320 + 17.8%
81.9% 92.4% + 12.8% 92.1% 91.7% - 0.4%
205 135 - 34.1% 100 122 + 22.0%
70 78 + 11.4% -- -- --
February
Attached Single-Family
Single-Family
Attached
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
2-2016 2-2017 + / – 2-2016 2-2017 + / –
5 7 + 40.0% 62 69 + 11.3%
3 3 0.0% 47 45 - 4.3%
+ 6.7%
2 3 + 50.0% 45 48 $101,500 $191,500 + 88.7% $204,000 $192,000 - 5.9%
$101,500 $172,833 + 70.3% $202,307 $220,726 + 9.1%
88.3% 88.3% 0.0% 93.5% 91.6% - 2.0%
109 131 + 20.2% 59 95 + 61.0%
11 12 + 9.1% -- -- --
* 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
Detached Single-Family
All MLS
Lake Bluff
b
Attached Single-Family
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.