Market Stats Booklet North Shore Market Stats February 2019 | Page 8

Local Market Update – February 2019
LOCAL MARKET UPDATE
February 2019
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2019
CBHomes.com
Lake Bluff
+ 21.2% - 20.0% + 13.8%
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
2-2018 2-2019 + / – 2-2018 2-2019 + / –
29 35 + 20.7% 248 266 + 7.3%
13 3 - 76.9% 130 123 - 5.4%
8 7 - 12.5% 134 127 - 5.2%
$477,500 $475,000 - 0.5% $569,500 $527,000 - 7.5%
$476,375 $595,357 + 25.0% $611,553 $632,946 + 3.5%
89.8% 87.1% - 3.0% 92.2% 92.2% 0.0%
112 166 + 48.2% 122 125 + 2.5%
76 92 + 21.1% -- -- --
February
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
2-2018 2-2019 + / – 2-2018 2-2019 + / –
4 5 + 25.0% 64 63 - 1.6%
3 3 0.0% 42 52 + 23.8%
2 1 - 50.0% 42 49 + 16.7%
$622,500 $225,000 - 63.9% $216,000 $205,000 - 5.1%
$622,500 $225,000 - 63.9% $257,611 $227,863 - 11.5%
95.3% 93.8% - 1.6% 93.7% 94.1% + 0.4%
148 45 - 69.6% 56 65 + 16.1%
11 7 - 36.4% -- -- --
* 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
b
Attached Single-Family
a
+ 80%
+ 60%
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 1-2019
- 50%
- 100%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
** 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 © 2019 ShowingTime.