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Lake Bluff IL Real Estate Market Action Report September 2013
By Art Wilson, Realtor
 
Lake Bluff's August Property sales were 20, up 11.1% from 18 in August of 2012 and -13.0% lower than the 23 sales last month. August 2013 sales were at their highest level compared to August of 2012 and 2011. August YTD sales of 131 are running 37.9% ahead of last year's year-to-date sales of 95.
 
The Median Sales Price in August was $297,750, down -22.7% from $385,000 in August of 2012 and down -33.2% from $446,000 last month. The Average Sales Price in August was $381,700, down -25.5% from $512,189 in August of 2012 and down -19.7% from $475,109 last month. August 2013 ASP was at the lowest level compared to August of 2012 and 2011.
 
The Total Inventory of Properties available for sale as of August was 76, up 4.1% from 73 last month and down -21.6% from 97 in August of last year. August 2013 Inventory was at the lowest level compared to August of 2012 and 2011.
 
The August 2013 Months Supply of Inventory of 3.8 months was at its lowest level compared with August of 2012 and 2011.  A comparatively lower MSI is more beneficial for sellers ... more

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