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Lake Forest IL Real Estate Market Action Report September 2013

By Art Wilson, Realtor

 

Lake Forest's August Property sales were 43, up 38.7% from 31 in August of 2012 and -14.0% lower than the 50 sales last month. August 2013 sales were at their highest level compared to August of 2012 and 2011. August YTD sales of 282 are running 45.4% ahead of last year's year-to-date sales of 194.

 

The Median Sales Price in August was $755,000, up 7.9% from $700,000 in August of 2012 and up 12.1% from $673,500 last month. The Average Sales Price in August was $933,791, up 7.3% from $870,644 in August of 2012 and up 12.6% from $829,020 last month. August 2013 ASP was at highest level compared to August of 2012 and 2011.

 

The Total Inventory of Properties available for sale as of August was 225, down -2.6% from 231 last month and down -20.2% from 282 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 5.2 months was at its lowest level compared with August of 2012 and 2011. ... more

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