Market Stats Booklet March 2018 Market Stats | Page 9

Local Market Update – February 2018
LOCAL MARKET UPDATE
February 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2018
CBHomes.com
Lake Forest
+ 25.0% + 25.0% - 12.8%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
February
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
2-2017 2-2018 + / – 2-2017 2-2018 + / –
63 79 + 25.4% 678 649 - 4.3%
20 26 + 30.0% 277 288 + 4.0%
8 12 + 50.0% 268 289 + 7.8%
$1,165,000 $770,000 - 33.9% $795,000 $844,000 + 6.2%
$1,328,375 $789,375 - 40.6% $977,156 $1,068,545 + 9.4%
84.9% 85.2% + 0.4% 89.0% 88.8% - 0.2%
343 217 - 36.7% 178 190 + 6.7%
290 248 - 14.5% -- -- --
February
Attached Single-Family
New Listings
Under Contract (includes Contingent and Pending)
Closed Sales
Median Sales Price*
Average Sales Price*
Percent of Original List Pric e Received*
Average Market Time
Inventory of Homes for Sale at Month End
Trailing 12 Months
2-2017 2-2018 + / – 2-2017 2-2018 + / –
9 11 + 22.2% 95 131 + 37.9%
4 3 - 25.0% 48 77 + 60.4%
4 3 - 25.0% 48 68 + 41.7%
$329,500 $535,000 + 62.4% $359,000 $397,750 + 10.8%
$489,750 $494,000 + 0.9% $473,724 $416,311 - 12.1%
90.6% 93.2% + 2.9% 91.7% 90.2% - 1.6%
221 79 - 64.3% 133 145 + 9.0%
39 39 0.0% -- -- --
* 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
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
1-2018
- 50%
1-2009 1-2010 1-2011 1-2012
1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
** 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.