Local Market Update – October 2016
LOCAL MARKET UPDATE
October 2016
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2016
CBHomes.com
Glencoe
Glencoe
- 50.0% 0.0% 0.0%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
October
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
10-2015 10- 2016
+ / –
23 10 - 56.5% 270 300 + 11.1%
14 9 - 35.7% 118 134 + 13.6%
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
10-2016
+ / –
+ 29.4%
5 6 + 20.0% 109 141 $960,000 $802,500 - 16.4% $987,000 $950,000 - 3.7%
$907,000 $902,167 - 0.5% $1,149,974 $1,152,490 + 0.2%
91.4% 90.7% - 0.8% 90.5% 91.3% + 0.9%
58 122 + 110.3% 133 159 + 19.5%
85 84 - 1.2% -- -- --
October
Attached
Attached Single-Family
Single-Family
10-2015
Trailing 12 Months
10-2015 10-2016 + / – 10-2015 10-2016 + / –
3 3 0.0% 18 27 + 50.0%
1 3 + 200.0% 10 18 + 80.0%
2 1 - 50.0% 10 15 + 50.0%
$403,000 $683,500 + 69.6% $223,000 $240,000 + 7.6%
$403,000 $683,500 + 69.6% $277,700 $270,460 - 2.6%
96.2% 88.2% - 8.3% 91.6% 94.7% + 3.4%
100 94 - 6.0% 74 82 + 10.8%
5 6 + 20.0% -- -- --
* 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
Single-Family
Detached
All MLS
Glencoe
b
Single-Family
Attached Single-Family
a
All MLS
Glencoe
b
a
+ 150%
+ 50%
+ 40%
+ 100%
+ 30%
+ 20%
+ 50%
+ 10%
0%
0%
- 10%
- 20%
- 50%
- 30%
- 40%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
- 100%
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016
** 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. Powered by ShowingTime 10K.