MARKET ACTION REPORT August 2010

.
City: Highland Park .
.

Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $550,000 0% -13%
Average List Price of all Current Listings $894,498 -1% -5%
August Median Sales Price $530,000 25% 26% 12% 16% $428,750 -13% -6%
August Average Sales Price $626,519 29% 13% 10% 10% $559,283 -5% -2%
Total Properties Currently for Sale (Inventory) 419 -7% -20%
August Number of Properties Sold 27 17% -4% 258 65%
August Average Days on Market (Solds) 129 5% -15% -1% -1% 146 22% 12%
Asking Price per Square Foot (based on New Listings) $233 -15% -1% -12% -31% $336 32% -0%
August Sold Price per Square Foot $187 -7% 3% -9% -14% $188 -19% -13%
August Month's Supply of Inventory 15.5 -21% 8% -17% -51% 16.4 -55% -48%
August Sale Price vs List Price Ratio 84.6% -7.2% 4.2% 3.3% 4.3% 81.6% 1.0% .7%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

60
Property Sales

57
August Property sales were 27, down 3.6% from 28 50

48
in August of 2009 and 17.4% higher than the 23 40

40
sales last month. August 2010 sales were at their
30
33
lowest level compared to August of 2009 and 2008.
32
31

31
31

30
29

29
28

28

28
27

27

27

27
August YTD sales of 258 are running 65.4% ahead of
25

20
23

23

23

23
22
21
20

20
last year's year-to-date sales of 156.

18

17
15

14
10
13

13
9
7
0 5
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 900
The Median Sales Price in August was $530,000, up
800
12.5% from $471,250 in August of 2009 and up
24.7% from $425,000 last month. The Average 700
Sales Price in August was $626,519, up 10.2% from 600
$568,375 in August of 2009 and up 29.5% from
$483,935 last month. August 2010 ASP was at a 500
mid range compared to August of 2009 and 2008. 400
300
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
600 90
The Total Inventory of Properties available for sale as of
August was 419, down 7.1% from 451 last month and 80
500
527
524
517
515
509

508
504
503

down 20.0% from 524 in August of last year. August 70

484
479

479
477

476

474
473
463

455

453

451

451
450
444
443
439

400 60
431

2010 Inventory was at its lowest level compared with

430

430
429

429

426
423

419
411

409
402

399

August of 2009 and 2008. 50

300
40
200 30
A comparatively lower MSI is more beneficial for sellers
20
while a higher MSI is better for buyers. The August 2010 100
MSI of 15.5 months was at its lowest level compared with 10
August of 2009 and 2008. 0 0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT August 2010
.
City: Highland Park .
.

Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time 250
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 230
days the average Property is on the market before it 210
sells. An upward trend in DOM tends to indicate a move 190
towards more of a Buyer's market, a downward trend a 170 140
move towards more of a Seller's market. The DOM for 150 130 129
August was 129, up 4.9% from 123 days last month and 130
down 0.8% from 130 days in August of last year. The 110
August 2010 DOM was at its lowest level compared with 90
August of 2009 and 2008. 70
50
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 400
The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales 350
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 300
selling price per square foot is a more normalized
indicator on the direction of Property values. The 250 231
August 2010 Selling Price per Square Foot of $187 was 206
down 7.4% from $202 last month and down 9.3% from 187
200
206 in August of last year.
150
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
95%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the
90%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 85.4%
84.6%
below 100% the more of a Buyer's market exists, a ratio
85%
at or above 100% indicates more of a Seller's market. 81.9%
The August 2010 Selling Price vs Original List Price of
84.6% was down from 91.2% last month and up from 80%
81.9% in August of last year.

75%
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 600 Inventory New Listings Sales
This last view of the market combines monthly 500
527
524
517
515
509

508
504
503

inventory of Properties for sale along with New Listings

484
479

479
477

476

474
473
463

455

453

451

451
450
444
443
439

and Sales. The graph shows the basic annual 400

431

430

430
429

429

426
423

419
411

409
402

399

seasonality of the market as well as the relationship

300
between these items. The number of New Listings in
August 2010 was 70, down 6.7% from 75 last month and 200
up 6.1% from 66 in August of last year.
100

0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales August 2010
.
City: Highland Park .
.

Price Range: All | Properties: Single Family - Condo - TwnHm

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2010 was 70, down
6.7% from 75 last month and up 6.1% from 66 in August of last year.

600 Inventory New Listings Sales

527
524
517
500

515
509

508
504
503
484
479

479
477

476

474
473
463

455

453

451

451
450
444
443
439

431

430

430
429

429

426
423

419
400
411

409
402

399

300

200

100

113
110

102
100
98

91

91

89
88
87

87

86
85

80
79
78

78

76
75

75
72

70
69

69
68
66
62
61

59

59
58

57
51

51

48

40
37
23

31

28

15

23

13

25

28

29

32

33

29

27

20

14
31
21

18

27

31

31

28

17

23

22
29
27

20

13

30

23

27
5

0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data, LLC, MetroMLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.