Lake Bluff IL Real Estate Market Action Report August 2010
The Total Inventory of Properties available for sale as ofJuly was 133, down -8.3% from 145 last month and down -17.4% from 161 in July of last year. July 2010 Inventorywas at its lowest level compared with July of 2009 and 2008.
The Median Sales Price in July was $560,000, up 47.4% from $380,000 in July of 2009 and up 53.4% from $365,000 last month. The Average Sales Price in July was $599,545, up 13.2% from $529,786 in July of 2009 and up 22.6% from $489,029 last month. July 2010 ASP was at the highest level compared to July of 2009 and 2008.
July Property sales were 11, up 57.1% from 7 in July of 2009 and -35.3% lower than the 17 sales last month. July 2010 sales were at their highest level compared to July of 2009 and 2008. July YTD sales of 68 are running 61.9% ahead of last year's year-to-date sales of 42.
The July 2010 Months Supply of Inventory of 12.1 months was at its lowest level compared with July of 2009 and 2008. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.
The Selling Price vs Original Listing Price shows the average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market. The July 2010 Selling Price vs Original List Price of
80.5% was down from 87.3% last month and down from 83.0% in July of last year.
The average Days On Market (DOM) shows how many days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 203, up 69.2% from 120 days last month and
up 103.0% from 100 days in July of last year. The July 2010 DOM was at a mid level compared with July of
2009 and 2008.


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