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
Lake Lake
Bluff
Bluff
- 18.2% - 35.0% + 2.2%
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
10-2015 10-2016
17 13
Trailing 12 Months
+ / – 10-2015 10-2016 + / –
16 - 5.9% 267 247 - 7.5%
11 - 15.4% 148 134 - 9.5%
15 8 - 46.7% 144 133 - 7.6%
$729,000 $467,500 - 35.9% $507,500 $525,000 + 3.4%
$935,067 $913,199 - 2.3% $619,099 $681,938 + 10.2%
91.8% 90.9% - 1.0% 91.9% 91.7% - 0.2%
85 220 + 158.8% 101 122 + 20.8%
78 79 + 1.3% -- -- --
October
Attached
Attached 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 + / – 10-2015 10-2016 + / –
5 2 - 60.0% 62 74 + 19.4%
3 4 + 33.3% 46 49 + 6.5%
5 5 0.0% 47 45 - 4.3%
$168,000 $210,500 + 25.3% $195,000 $185,000 - 5.1%
$167,400 $210,000 + 25.4% $198,220 $217,008 + 9.5%
96.3% 91.1% - 5.4% 94.1% 92.1% - 2.1%
26 180 + 592.3% 62 96 + 54.8%
12 13 + 8.3% -- -- --
* 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
Single-Family
Detached
All MLS
Lake Bluff
b
Single-Family
Attached Single-Family
a
+ 80% + 200%
+ 60% + 150%
+ 40%
All MLS
Lake Bluff
b
a
+ 100%
+ 20%
+ 50%
0%
0%
- 20%
- 50%
- 40%
- 60%
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.