Market Stats Booklet May2017 Market Stats | Page 9

Local Market Update – April 2017
LOCAL MARKET UPDATE
April 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of May 14, 2017
CBHomes.com
Forest
Lake Lake Forest
+ 12.3% + 9.5% - 0.3%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
April
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
4-2016 4-2017 + / – 4-2016 4-2017 + / –
69 75 + 8.7% 650 682 + 4.9%
29 31 + 6.9% 239 281 + 17.6%
15 22 + 46.7% 236 274 + 16.1%
$900,000 $865,000 - 3.9% $888,000 $800,000 - 9.9%
$926,695 $1,175,369 + 26.8% $1,058,686 $989,613 - 6.5%
88.4% 91.1% + 3.1% 89.7% 89.1% - 0.7%
185 281 + 51.9% 165 180 + 9.1%
327 310 - 5.2% -- -- --
April
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
4-2016 4-2017 + / – 4-2016 4-2017 + / –
12 16 + 33.3% 94 106 + 12.8%
7 10 + 42.9% 59 51 - 13.6%
6 1 - 83.3% 67 43 - 35.8%
$367,500 $505,000 + 37.4% $555,000 $360,000 - 35.1%
$456,667 $505,000 + 10.6% $562,496 $479,630 - 14.7%
90.4% 95.3% + 5.4% 93.5% 92.1% - 1.5%
73 58 - 20.5% 92 148 + 60.9%
33 49 + 48.5% -- -- --
* 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.