Lake Forest’s February Property sales were 12, down -45.5% from 22 in February of 2010 and 20.0% higher than the 10 sales last month. February 2011 sales were at a mid level compared to February of 2010 and 2009. February YTD sales of 22 are running -31.3% behind last year's year-to-date sales of 32.

The Median Sales Price in February was $593,950, down -6.8% from $637,500 in February of 2010 and down -19.5% from $737,813 last month. The Average Sales Price in February was $1,059,261, up 12.1% from $944,827 in February of 2010 and up 31.5% from $805,563 last month. February 2011 ASP was at a mid range compared to February of 2010 and 2009.

The Total Inventory of Properties available for sale as of February was 326, down -0.6% from 328 last month and down -15.1% from 384 in February of last year. February 2011 Inventory was at the lowest level compared to February of 2010 and 2009.

The February 2011 Months Supply of Inventory of 27.2 months was at a mid range compared with February of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers.

The average Days On Market (DOM) is 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 February was 128, down -54.1% from 279 days last month and down -43.4% from 226 days in February of last year. The February 2011 DOM was at its lowest level compared with February of 2010 and 2009.

The Selling Price vs Original Listing Price is 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 February 2011 Selling Price vs Original List Price of 83.2% was up from 77.5% last month and up from 79.1% in February of last year.

The number of New Listings in February 2011 was 59, up 11.3% from 53 last month and down -18.1% from 72 in February of last year.