Lake Forest’s April Property sales were 16, down -11.1% from 18 in April of 2011 and -36.0% lower than the 25 sales last month. April 2012 sales were at their lowest level compared to April of 2011 and 2010. April YTD sales of 61 are running 15.1% ahead of last year's year-to-date sales of 53.
The Median Sales Price in April was $932,450, up 10.6% from $843,013 in April of 2011 and up 63.6% from $570,000 last month. The Average Sales Price in April was $1,071,912, down -4.1% from $1,117,890 in April of 2011 and up 27.9% from $837,870 last month. April 2012 ASP was at a mid range compared to April of 2011 and 2010.
The Total Inventory of Properties available for sale as of April was 295, up 6.5% from 277 last month and down -17.8% from 359 in April of last year. April 2012 Inventory was at the lowest level compared to April of 2011 and 2010.
The April 2012 Months Supply of Inventory of 18.4 months was at a mid range compared with April of 2011 and 2010. 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 April was 110, down -32.9% from 164 days last month and down -24.1% from 145 days in April of last year. The April 2012 DOM was at its lowest level compared with April of 2011 and 2010.
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 April 2012 Selling Price vs Original List Price of 88.1% was up from 80.4% last month and up from 84.5% in April of last year.
The number of New Listings in April 2012 was 72, up 30.9% from 55 last month and up 10.8% from 65 in April of last year.
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