Market Stats Booklet March 2017 Market Stats | Page 9

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
Forest
Lake Lake
Forest
- 15.3% - 29.4% - 3.3%
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 + / –
80 63 - 21.3% 669 674 + 0.7%
17 22 + 29.4% 242 281 + 16.1%
13 8 - 38.5% 240 268 + 11.7%
$530,000 $1,165,000 + 119.8% $842,000 $795,000 - 5.6%
$714,038 $1,328,375 + 86.0% $1,063,059 $977,156 - 8.1%
82.3% 84.9% + 3.2% 89.8% 89.0% - 0.9%
164 343 + 109.1% 158 178 + 12.7%
299 281 - 6.0% -- -- --
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 9 + 80.0% 99 95 - 4.0%
2 4 + 100.0% 60 48 - 20.0%
4 4 0.0% 69 48 - 30.4%
$368,500 $329,500 - 10.6% $492,500 $359,000 - 27.1%
$555,625 $489,750 - 11.9% $542,960 $473,724 - 12.8%
93.3% 90.6% - 2.9% 94.2% 91.7% - 2.7%
84 221 + 163.1% 84 133 + 58.3%
32 39 + 21.9% -- -- --
* 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 Forest
b
Attached Single-Family
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 © 2017 ShowingTime.