Lake Bluff's July Property sales were 19, up 171.4% from 7 in July of 2011 and equal to 0.0% 19 sales last month. July 2012 sales were at their highest level compared to July of 2011 and 2010. July YTD sales of 77 are running 10.0% ahead of last year's year-to-date sales of 70.
The Median Sales Price in July was $360,000, down -58.9% from $875,000 in July of 2011 and down -12.2% from $410,000 last month. The Average Sales Price in July was $474,116, down -44.1% from $848,071 in July of 2011 and up 5.0% from $451,486 last month. July 2012 ASP was at the lowest level compared to July of 2011 and 2010.
The Total Inventory of Properties available for sale as of July was 99, down -2.9% from 102 last month and down -20.2% from 124 in July of last year. July 2012 Inventory was at the lowest level compared to July of 2011 and 2010.
The July 2012 Months Supply of Inventory of 5.2 months was at its lowest level compared with July 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 July was 161, up 64.3% from 98 days last month and down -10.1% from 179 days in July of last year. The July 2012 DOM was at its lowest level compared with July of 2011 and 2010.
The Selling Price vs Listing Price is the average amount that Sellers are agreeing to come down from their 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 2012 Selling Price vs List Price of 89.8% was down from 95.3% last month and up from 87.3% in July of last year.
The number of New Listings in July 2012 was 23, down 8.0% from 25 last month and up 27.8% from 18 in July of last year.
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