MARKET ACTION REPORT October 2010

Stephanie Hofman
Zip Code: 60035 - Highland Park Coldwell Banker Residential Real Estate
Cell: 847-652-1902
Email: Stephanie.Hofman@cbexchange.com

Price Range: All | Properties: Single Family - Condo - TwnHm

Blog: www.HofmanOnHomes.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 $559,000
Average List Price of all Current Listings $932,050
October Median Sales Price $325,000 $425,000
October Average Sales Price $419,480 $562,667
Total Properties Currently for Sale (Inventory) 413
October Number of Properties Sold 25 310
October Average Days on Market (Solds) 134 143
Asking Price per Square Foot (based on New Listings) $219 $315
October Sold Price per Square Foot $160 $187
October Month's Supply of Inventory 16.5 16.6
October Sale Price vs List Price Ratio 80.5% 81.4%
* 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
October Property sales were 25, up 8.7% from 23 in 50

48
October of 2009 and 4.2% higher than the 24 sales 40

40
last month. October 2010 sales were at their highest
level compared to October of 2009 and 2008. 30
33
32

31
31

30
29

29
28

28

28

28
27

27

27
October YTD sales of 310 are running 58.2% ahead of
25

25
24

24
20
23

23
22
21

21
20

last year's year-to-date sales of 196.

18

17
15

14

10
13

13
9
7
5

0
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 O
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 900
The Median Sales Price in October was $325,000,
800
down 37.5% from $520,000 in October of 2009 and
down 39.5% from $537,500 last month. The Average 700
Sales Price in October was $419,480, down 31.0% 600
from $607,619 in October of 2009 and down 41.8%
from $720,615 last month. October 2010 ASP was at 500
the lowest level compared to October of 2009 and 400
2008.
300
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 O
07 08 09 10

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

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
600 90
The Total Inventory of Properties available for sale as of
October was 413, down 4.4% from 432 last month and 80
500
527
524
517
515
509

508
504
503

down 18.7% from 508 in October of last year. October 70

484
479

479
476

474
473

465
459
455

453

451

448
448
439

438
433

400 60
432
431

430
429

429

2010 Inventory was at its lowest level compared with

428
423

413
411

409
402

399

October 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 October 2010 100
MSI of 16.5 months was at its lowest level compared with 10
October of 2009 and 2008. 0 0
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 O
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 October 2010
Stephanie Hofman
Zip Code: 60035 - Highland Park Coldwell Banker Residential Real Estate
Cell: 847-652-1902
Email: Stephanie.Hofman@cbexchange.com

Blog: www.HofmanOnHomes.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 move 190
towards more of a Buyer's market, a downward trend a 170 146
move towards more of a Seller's market. The DOM for 150 134
125
October was 134, up 25.2% from 107 days last month 130
and up 7.2% from 125 days in October of last year. The 110
October 2010 DOM was at a mid level compared with 90
October of 2009 and 2008. 70
50
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 O
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 237
250
October 2010 Selling Price per Square Foot of $160 was
down 23.6% from $210 last month and down 13.0% 184
200
from 184 in October of last year. 160
150
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 O
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
from their original list price. The lower the ratio is 85.8%
below 100% the more of a Buyer's market exists, a ratio 83.6%
85%
at or above 100% indicates more of a Seller's market.
The October 2010 Selling Price vs Original List Price of 80.5%
80.5% was down from 85.5% last month and down from 80%
83.6% in October of last year.

75%
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 O
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
503

inventory of Properties for sale along with New Listings

484
479

479
476

474
473

465
459
455

453

451

448
448
439

438

400
433

and Sales. The graph shows the basic annual

432
431

430
429

429

428
423

413
411

409
402

399

seasonality of the market as well as the relationship

300
between these items. The number of New Listings in
October 2010 was 53, down 10.2% from 59 last month 200
and down 30.3% from 76 in October of last year.
100

0
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 O
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 October 2010
Stephanie Hofman
Zip Code: 60035 - Highland Park Coldwell Banker Residential Real Estate
Cell: 847-652-1902
Email: Stephanie.Hofman@cbexchange.com

Blog: www.HofmanOnHomes.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 October 2010 was 53, down
10.2% from 59 last month and down 30.3% from 76 in October of last year.

600 Inventory New Listings Sales

527
524
517
500

515
509

508
504
503
484
479

479
476

474
473

465
459
455

453

451

448
448
439

438
433

432
431

430
429

429

428
423
400

413
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

71
69

69
68
66
62
59

59

59
58

57

53
51

51

48

40
37
28

15

23

13

25

28

29

32

33

29

27

20

14
31
21

18

27

31

31

28

17

23

22
29
27

21

13

30

24

28

24

25
5

0
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 O
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.