Market Stats Booklet North Shore Market Stats Aug 2018 | Page 8

Local Market Update – August 2018
LOCAL MARKET UPDATE
August 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2018
CBHomes.com
Lake Bluff
+ 14.3% + 5.0% + 27.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
August
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
8-2017 8-2018 + / – 8-2017 8-2018 + / –
14 20 + 42.9% 244 273 + 11.9%
6 7 + 16.7% 135 124 - 8.1%
17 16 - 5.9% 138 127 - 8.0%
$469,000 $696,250 + 48.5% $518,000 $560,000 + 8.1%
$529,471 $756,689 + 42.9% $632,963 $640,975 + 1.3%
95.6% 93.2% - 2.5% 91.8% 93.2% + 1.5%
69 116 + 68.1% 123 125 + 1.6%
62 91 + 46.8% -- -- --
August
Attached 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
8-2017 8-2018 + / – 8-2017 8-2018 + / –
7 4 - 42.9% 64 66 + 3.1%
4 6 + 50.0% 40 53 + 32.5%
3 5 + 66.7% 46 48 + 4.3%
$240,000 $245,000 + 2.1% $209,250 $208,450 - 0.4%
$218,300 $244,780 + 12.1% $212,797 $250,125 + 17.5%
94.4% 94.5% + 0.1% 92.4% 94.4% + 2.2%
14 97 + 592.9% 71 71 0.0%
19 12 - 36.8% -- -- --
* 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 Bluff
+ 80%
+ 60%
b
Attached Single-Family
a
All MLS
Lake Bluff
b
a
+ 200%
+ 150%
+ 40%
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 40%
- 60%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018
- 50%
- 100%
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.