Market Stats Booklet September 2017 Market Stats | Page 9

Local Market Update – August 2017
LOCAL MARKET UPDATE
August 2017
A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC
RESIDENTIAL ACTIVITY ONLY | Data current as of September 14, 2017
CBHomes.com
Lake Forest
- 19.0% + 27.3% - 13.2%
Change in
New Listings
All Properties Change in
Closed Sales
All Properties Change in
Inventory of Homes
All Properties
August
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
8-2016 8-2017 + / – 8-2016 8-2017 + / –
57 38 - 33.3% 708 639 - 9.7%
17 24 + 41.2% 251 291 + 15.9%
32 36 + 12.5% 241 295 + 22.4%
$1,058,500 $776,248 - 26.7% $850,000 $817,000 - 3.9%
$1,132,105 $1,084,430 - 4.2% $1,041,190 $1,019,868 - 2.0%
89.8% 88.1% - 1.9% 89.1% 89.1% 0.0%
201 229 + 13.9% 174 193 + 10.9%
356 297 - 16.6% -- -- --
August
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
8-2016 8-2017 + / – 8- 2016 8-2017 + / –
6 13 + 116.7% 92 121 + 31.5%
3 5 + 66.7% 55 62 + 12.7%
1 6 + 500.0% 56 57 + 1.8%
$653,000 $329,750 - 49.5% $427,500 $359,000 - 16.0%
$653,000 $317,917 - 51.3% $537,961 $433,402 - 19.4%
98.2% 94.1% - 4.2% 93.7% 89.7% - 4.3%
4 19 + 375.0% 120 170 + 41.7%
38 45 + 18.4% -- -- --
* 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 Forest
b
Attached Single-Family
All MLS
Lake Forest
a
b
a
+ 200%
+ 40%
+ 30%
+ 150%
+ 20%
+ 100%
+ 10%
0%
+ 50%
- 10%
0%
- 20%
- 30%
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
- 50%
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.