MARKET ACTION REPORT September 2010

Stephanie Hofman
Zip Code: 60035 - Highland Park 847-652-1902
[email protected]
www.HofmanOnHomes.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.StephanieHofmanHomes.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $550,000 0% -12%
Average List Price of all Current Listings $915,917 4% -0%
September Median Sales Price $550,000 12% 28% 31% 20% $431,000 -8% -6%
September Average Sales Price $735,424 19% 24% 47% 29% $572,491 -1% 1%
Total Properties Currently for Sale (Inventory) 418 -3% -19%
September Number of Properties Sold 23 -18% 35% 283 64%
September Average Days on Market (Solds) 111 -14% -24% 8% -15% 144 22% 11%
Asking Price per Square Foot (based on New Listings) $264 15% 7% 11% -22% $326 28% -3%
September Sold Price per Square Foot $210 12% 11% 16% -3% $190 -18% -12%
September Month's Supply of Inventory 18.2 18% 3% -40% -43% 16.6 -54% -48%
September Sale Price vs List Price Ratio 85.3% 1.2% 3.9% 2.2% 5.2% 81.8% 1.1% .9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

60
Property Sales

57
September Property sales were 23, up 35.3% from 17 50

48
in September of 2009 and 17.9% lower than the 28 40
sales last month. September 2010 sales were at a

40
mid level compared to September of 2009 and 30
33
32
31

31
31

30
29

29
28

28

28

28
2008. September YTD sales of 283 are running
27

27

27
20
25

24
23

23

23
22
21
63.6% ahead of last year's year-to-date sales of 173.
20

20
18

17
10
15

14
13

13
9
5
0 7
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 900 Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in September was

800
$550,000, up 31.0% from $420,000 in September
of 2009 and up 12.2% from $490,000 last month. 700
The Average Sales Price in September was $735,424, 600
up 46.8% from $501,118 in September of 2009 and
up 18.6% from $620,214 last month. September 500
2010 ASP was at the highest level compared to 400
September of 2009 and 2008.
300
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 600
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
90
The Total Inventory of Properties available for sale as of
80
September was 418, down 3.0% from 431 last month and 500
527
524
517

70
515
509

508
504
503

down 19.1% from 517 in September of last year.

484
479

479
476

474
473
463

460
456
455

453

451

400 60
447
447

September 2010 Inventory was at its lowest level

439

432
431

431
430
429

429

428
423

418
411

409
402

399

compared with September of 2009 and 2008. 50

300
40
200 30
A comparatively lower MSI is more beneficial for sellers
20
while a higher MSI is better for buyers. The September 100
10
2010 MSI of 18.2 months was at a mid level compared
with September of 2009 and 2008. 0 0
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the 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.
MARKET ACTION REPORT September 2010
Stephanie Hofman
Zip Code: 60035 - Highland Park 847-652-1902
[email protected]
www.HofmanOnHomes.com
www.StephanieHofmanHomes.com
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 250
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 230
days the average Property is on the market before it 210
sells. An upward trend in DOM tends to indicate a 190
move towards more of a Buyer's market, a downward 170
trend a move towards more of a Seller's market. The 150 136
DOM for September was 111, down 14.0% from 129 days 130 111
103
last month and up 7.8% from 103 days in September of 110
last year. The September 2010 DOM was at a mid level 90
compared with September of 2009 and 2008. 70
50
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 400
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median Sales 350
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 300
selling price per square foot is a more normalized
indicator on the direction of Property values. The 250
September 2010 Selling Price per Square Foot of $210 210
201
was up 12.3% from $187 last month and up 16.2% from 200 180
180 in September of last year.
150
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
95%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the
90%
average amount that Sellers are agreeing to come down 86.9%
from their original list price. The lower the ratio is 85.3%
below 100% the more of a Buyer's market exists, a ratio 85% 83.5%
at or above 100% indicates more of a Seller's market.
The September 2010 Selling Price vs Original List Price
of 85.3% was up from 84.3% last month and up from 80%
83.5% in September of last year.

75%
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 600 Inventory New Listings Sales

This last view of the market combines monthly 500

527
524
517
515
509

508
504

inventory of Properties for sale along with New Listings

503
484
479

479
476

474
473
463

460
456
455

453

451

400
447
447

and Sales. The graph shows the basic annual

439

432
431

431
430
429

429

428
423

418
411

409
402

399

seasonality of the market as well as the relationship

300
between these items. The number of New Listings in
September 2010 was 59, down 16.9% from 71 last month 200
and down 13.2% from 68 in September of last year.
100

0
O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the 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.
Inventory / Listings / Sales September 2010
Stephanie Hofman
Zip Code: 60035 - Highland Park 847-652-1902
[email protected]
www.HofmanOnHomes.com
www.StephanieHofmanHomes.com
Price Range: All | Properties: Single Family - Condo - TwnHm

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in September 2010 was 59,
down 16.9% from 71 last month and down 13.2% from 68 in September of last year.

600 Inventory New Listings Sales

527

524
500

517
515
509

508
504
503
484
479

479
476

474
473
463

460
456
455

453

451

447
447
439

432
431

431
430
429

429

428
423
400

418
411

409
402

399

300

200

100

113
110

102
100
98

91

91

91
88
87

87

86
85

80
79
78

78

77
76
75
72

71
69

69
68
66
62
59

59

59
58

57
51

51

48
31

28
37
15

23

13

25

28

29

32

33

29

27

20

14
31
21

18

27

31

31

28

17

23

22
29
27

20

13

30

40

24

28

23
5

0
O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S
07

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the 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.