Lake Forest's November Property sales were 22, up 10.0% from 20 in November of 2011 and -4.3% lower than the 23 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 260 are running 10.2% ahead of last year's year-to-date sales of 236.
The Median Sales Price in November was $636,500, up 2.7% from $620,000 in November of 2011 and up 34.0% from $475,000 last month. The Average Sales Price in November was $753,539, down -37.6% from $1,208,050 in November of 2011 and up 2.8% from $733,054 last month. November 2012 ASP was at the lowest level compared to November of 2011 and 2010.
The Total Inventory of Properties available for sale as of November was 205, down -17.0% from 247 last month and down -35.7% from 319 in November of last year. November 2012 Inventory was at the lowest level compared to November of 2011 and 2010.
The November 2012 Months Supply of Inventory of 9.3 months was at its lowest level compared with November 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 November was 139, down -3.5% from 144 days last month and down -26.8% from 190 days in November of last year. The November 2012 DOM was at its lowest level compared with November 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 November 2012 Selling Price vs List Price of 90.2% was down from 91.9% last month and up from 90.0% in November of last year.
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