October 2010 Price Range: All | Properties: Single Family - Condo - TwnHm Market Profile & Trends Overview LM L3M PYM LY Pri or YTD Pr ior Ye ar Median List Price of all Current Listings Average List Price of all Current Listings October Median Sales Price October Average Sales Price Total Properties Currently for Sale (Inventory) October Number of Properties Sold October Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) October Sold Price per Square Foot October Month's Supply of Inventory October Sale Price vs List Price Ratio Property Sales Prices Inventory & MSI The Total Inventory of Properties available for sale as of October was 413, down 4.4% from 432 last month and down 18.7% from 508 in October of l ast year. October 2010 Inventory was at its lowest level compared with October of 2009 and 2008. The Median Sales Price in October was $325,000, down 37.5% from $520,000 in October of 2009 and down 39.5% from $537,500 last month. The Average Sales Price in October was $419,480, down 31.0% from $607,619 in October of 2009 and down 41.8% from $720,615 last month. October 2010 ASP was at the lowest level compared to October of 2009 and 2008. Trending versus*: * LM=Last Month / L3M=Last 3 Months / PYM=Sa me Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are highe r (up), lower (down) or unchanged (flat) Number of Properties Sold October Property sales were 25, up 8.7% from 23 in October of 2009 and 4.2% higher than the 24 sales last month. October 2010 sales were at their highest level compared to October of 2009 and 2008. October YTD sales of 310 are running 58.2% ahead of last year's year-to-date sales of 196. $219 81.4% $315 $187 16.6 Copyright © Coldwell Ba nker Residential Brokerage | Price Range : All | Property Types: Single Famil y - Co ndo - TwnHm Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Resident ial Brokerage does not warrant or guarante he accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction Total Inventory & Month's Supply of Inventory (MSI) A comparatively lower MSI is more beneficial for sellers while a higher MSI is better fo r buyers. The October 2010 MSI of 16.5 months was at its lowest level compared with October of 2009 and 2008. 16.5 Month YTD 143 $425,000 $562,667 25 $160 134 Trending versus*: 310 Zip Code: 60035 - Highland Park Median Sales Price and Average Sales Price MARKET ACTION REPORT 80.5% $559,000 $932,050 $325,000 $419,480 413 2 8 1 5 2 3 1 3 2 5 2 8 2 9 3 2 3 3 2 9 2 7 1 4 2 1 5 7 1 8 9 2 7 3 1 3 1 2 8 1 7 2 2 2 7 2 1 1 3 3 0 4 8 4 0 5 7 2 4 2 8 2 4 2 0 2 3 2 5 0 10 20 30 40 50 60 N 07 D J 08 FMA MJ J ASO NDJ 09 FM AMJJ ASON DJ 10 FMA MJ JASO 300 400 500 600 700 800 900 N 07 D J 08 FMA MJ JA SO NDJ 09 FMA MJ J ASON DJ 10 FMA MJ J ASO Median means Middle (the same # of properties sold above and below the Median) MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace 4 2 9 4 0 2 4 1 1 4 2 9 4 5 5 4 7 9 4 8 4 5 0 4 5 0 3 4 7 6 4 7 9 4 3 9 3 9 9 4 0 9 4 3 1 4 5 1 4 7 3 5 0 9 5 1 5 5 2 7 5 2 4 5 1 7 4 7 4 4 3 0 4 2 3 4 2 8 4 3 3 4 4 8 4 4 8 4 5 9 4 6 5 4 3 8 4 3 2 4 1 3 5 0 8 4 5 3 0 100 200 300 400 500 600 N 07 D J 08 FM AMJJ ASO NDJ 09 FM AMJJ ASO NDJ 10 FM AMJJ ASO 0 10 20 30 40 50 60 70 80 90 (000's) 3 Mo Avg 3 Mo Avg Stephanie Hofman Coldwell Banker Residential Real Estate Email: Stephanie.Hofman@cbexch ange.com Cell: 847-652-1902 Blog: www.HofmanOnHomes.com
