Market Stats Booklet Northshore Market Stats October 2018 | Page 8

Local Market Update – October 2018
LOCAL MARKET UPDATE
October 2018
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2018
CBHomes.com
Lake Bluff
+ 43.8% + 6.7% + 12.9%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
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
10-2017 10-2018 + / – 10-2017 10-2018 + / –
12 21 + 75.0% 237 282 + 19.0%
- 4.5%
10 7 - 30.0% 134 128 9 13 + 44.4% 140 130 - 7.1%
$591,650 $540,000 - 8.7% $557,500 $555,000 - 0.4%
$602,628 $565,692 - 6.1% $617,524 $637,229 + 3.2%
90.5% 91.7% + 1.3% 91.6% 93.1% + 1.6%
167 76 - 54.5% 125 121 - 3.2%
65 85 + 30.8% -- -- --
October
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
10-2017 10-2018 + / – 10-2017 10-2018 + / –
4 2 - 50.0% 67 57 - 14.9%
2 5 + 150.0% 41 48 + 17.1%
6 3 - 50.0% 40 48 + 20.0%
$194,750 $154,000 - 20.9% $216,000 $208,450 - 3.5%
$235,750 $296,333 + 25.7% $236,399 $250,344 + 5.9%
94.4% 87.0% - 7.8% 92.8% 94.0% + 1.3%
39 84 + 115.4% 60 69 + 15.0%
20 11 - 45.0% -- -- --
* 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 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.