Market Stats Booklet November 2017 Market Stats | Page 8

Local Market Update – October 2017
LOCAL MARKET UPDATE
October 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of November 14, 2017
CBHomes.com
Lake Bluff
- 16.7% + 15.4% - 12.5%
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
10-2016 10-2017 + / – 10-2016 10-2017 + / –
16 11 - 31.3% 248 236 - 4.8%
11 10 - 9.1% 134 134 0.0%
8 9 + 12.5% 133 140 + 5.3%
$467,500 $591,650 + 26.6% $525,000 $557,500 + 6.2%
$913,199 $602,628 - 34.0% $681,938 $617,166 - 9.5%
90.9% 90.5% - 0.4% 91.7% 91.6% - 0.1%
220 167 - 24.1% 122 125 + 2.5%
81 64 - 21.0% -- -- --
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
10-2016 10-2017 + / – 10-2016 10-2017 + / –
2 4 + 100.0% 73 67 - 8.2%
3 2 - 33.3% 47 41 - 12.8%
5 6 + 20.0% 45 40 - 11.1%
$210,500 $194,750 - 7.5% $185,000 $216,000 + 16.8%
$210,000 $235,750 + 12.3% $217,008 $236,399 + 8.9%
91.1% 94.4% + 3.6% 92.1% 92.8% + 0.8%
180 39 - 78.3% 96 60 - 37.5%
15 20 + 33.3% -- -- --
* 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 Bluff
b
Attached Single-Family
All MLS
Lake Bluff
a
b
a
+ 200%
+ 80%
+ 60%
+ 150%
+ 40%
+ 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
1-2017
- 100%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
** 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 © 2017 ShowingTime.