Market Stats Booklet North Shore Market Stats Aug 2018 | Page 9

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 Forest
+ 7.7% 0.0% + 2.0%
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 + / –
39 49 + 25.6% 641 679 + 5.9%
22 26 + 18.2% 287 286 - 0.3%
36 36 0.0% 295 286 - 3.1%
$776,248 $900,000 + 15.9% $817,000 $837,500 + 2.5%
$1,084,430 $1,045,294 - 3.6% $1,019,868 $1,021,281 + 0.1%
88.1% 88.8% + 0.8% 89.1% 89.2% + 0.1%
229 168 - 26.6% 193 185 - 4.1%
304 305 + 0.3% -- -- --
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 + / –
13 7 - 46.2% 122 130 + 6.6%
5 2 - 60.0% 63 73 + 15.9%
6 6 0.0% 57 70 + 22.8%
$329,750 $517,500 + 56.9% $359,000 $438,000 + 22.0%
$317,917 $463,167 + 45.7% $433,402 $469,056 + 8.2%
94.1% 91.5% - 2.8% 89.7% 91.4% + 1.9%
19 141 + 642.1% 170 110 - 35.3%
45 51 + 13.3% -- -- --
* 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
+ 40%
b
Attached Single-Family
a
All MLS
Lake Forest
b
a
+ 200%
+ 30%
+ 150%
+ 20%
+ 10%
0%
+ 100%
+ 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.