Lake Bluff Il Real Estate Market Action Report May 2010
April Property sales were 11, up 10.0% from 10 in April of 2009 and the same as the 11 sales last month. April 2010 sales were at their highest level compared to April of 2009 and 2008. April YTD sales of 32 are running 60.0% ahead of last year's year-to-date sales of 20.
The Median Sales Price in April was $284,000, down -46.4% from $530,000 in April of 2009 and down -12.6% from $325,000 last month. The Average Sales Price in April was $340,500, down - 44.1% from $608,600 in April of 2009 and down - 25.5% from $457,273 last month. April 2010 ASP was at the lowest level compared to April of 2009 and 2008.
The Total Inventory of Properties available for sale as of April was 143, up 4.4% from 137 last month and down - 8.9% from 157 in April of last year. April 2010 Inventory was at its lowest level compared with April of 2009 and 2008.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2010 MSI of 13.0 months was at its lowest level compared with April of 2009 and 2008.


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