April 2011

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

MARKET ACTION REPORT
City: GlencoeStephanieHofman847-652-1902www.HofmanOnHomes.comStephanie.Hofman@cb
exchange.comwww.StephanieHofmanHomes.comApril 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
MARKET ACTION REPORT
City: GlencoeStephanieHofman847-652-1902www.HofmanOnHomes.comStephanie.Hofman@cb
exchange.comwww.StephanieHofmanHomes.com
Market Profile & Trends Overview

Median List Price of all Current Listings

Average List Price of all Current Listings
April Median Sales Price
April Average Sales Price
Total Properties Currently for Sale (Inventory)
April Number of Properties Sold
April Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
April Sold Price per Square Foot
April Month's Supply of Inventory
April Sale Price vs List Price Ratio

Trending versus*:
Trending versus*:
$1,071,804
112
$1,072,000
$1,552,236
$775,000
Month
LM L3M PYM LY
$989,853
$807,500
YTD
Prior YTD
Prior Year
14
48
112
137
$305
$318
$267
$259
8.0
10.3
84.1%
86.6%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (
2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (u
p), lower (down) or unchanged (flat)
Number of Properties Sold

3
Mo
Avg
25
Property Sales

April Property sales were 14, up 75.0% from 8 in 20

April of 2010 and 17.6% lower than the 17 sales last
month. April 2011 sales were at their highest level 15
compared to April of 2010 and 2009. April YTD sales
of 48 are running 60.0% ahead of last year's year-to-10
date sales of 30.

5
55
0
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08 09 10 11
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
1,600

The Median Sales Price in April was $775,000, up

1,400

16.5% from $665,000 in April of 2010 and up 9.2%

from $710,000 last month. The Average Sales Price 1,200
in April was $1,071,804, up 8.8% from $984,719 in
1,000

April of 2010 and up 42.2% from $753,912 last

month. April 2011 ASP was at a mid range compared 800
to April of 2010 and 2009.
600

400

MJ JASOND JFMAM J JASOND JFMAM J JASOND JFMA

08 09 10 11
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
180

60

The Total Inventory of Properties available for sale as of

160
April was 112, up 5.7% from 106 last month and down
50

140
21.7% from 143 in April of last year. April 2011 Inventory
was at its lowest level compared with April of 2010 and 120

40

2009. 100

30

80
60

20

A comparatively lower MSI is more beneficial for sellers

40

while a higher MSI is better for buyers. The April 2011

10

20
MSI of 8.0 months was at its lowest level compared with
0

0
April of 2010 and 2009.
MJ JASOND JFMAMJ JASOND JFMAMJ JASOND JFMA
08 09 10 11
20
16
109
814
810
1413
811
9
814
99
1110111011
17
14
4
7
6
8
5
7
5
7
3
88
6
7
8
66
16016015114914413713012312713014714615615314613212312312112111912512914314414815
0137133133117105107104106112
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Ty
pes: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Ind
iana Association of REALTORS and Metro MLS, Inc. and may not reflect all relevan
t real estate activity. Coldwell Banker Residential Brokerage does not warrant o
r guarantee
the accuracy of this information. It is the responsibility of any buyer or selle
r to verify any and all information relevant to such consumer s real estate transa
ction.
April 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
MARKET ACTION REPORT
City: GlencoeStephanieHofman847-652-1902www.HofmanOnHomes.comStephanie.Hofman@cb
exchange.comwww.StephanieHofmanHomes.comApril 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
MARKET ACTION REPORT
City: GlencoeStephanieHofman847-652-1902www.HofmanOnHomes.comStephanie.Hofman@cb
exchange.comwww.StephanieHofmanHomes.com
Market Time

The average Days On Market (DOM) shows 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 April was 112, down 34.9% from 172 days last
month and up 4.7% from 107 days in April of last year.
The April 2011 DOM was at a mid level compared with
April of 2010 and 2009.
Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median Sales
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized
indicator on the direction of Property values. The April
2011 Selling Price per Square Foot of $267 was down
5.0% from $282 last month and up 18.3% from 226 in
April of last year.
Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the

average amount that Sellers are agreeing to come down
from their original 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 April 2011 Selling Price vs Original List Price of
84.1% was down from 86.8% last month and down from
89.0% in April of last year.
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
April 2011 was 38, up 90.0% from 20 last month and
down 13.6% from 44 in April of last year.
Days On Market for Sold Properties
Average Days on Market (Listing to Contract) for properties sold during the mont
h 3
Mo
Avg
250

230

210

190

170

150

130

110
90
70
50

157
107
MJ JASOND J FMAMJ JASOND J FMAMJ JASOND J FMA
08 09 10 11
Selling Price per Square Foot

3
Mo
Avg
Average Selling Price per Square Foot for properties that sold during the month
500
450
400
350
300
250
200
150
100
50
0
00
02262670
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08 09 10 11
Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the mo
nth 3
Mo
Avg
95%

90%

85%

80%
75%

80.6%
89.0%
84.1%
MJ JASOND J FMAMJ JASOND J FMAMJ JASOND J FMA
08 09 10 11
Inventory / New Listings / Sales

Sales
180
160
140
120
100
80
60
40
20
0

16016015114914413713012312713014714615615314613212312312112111912512914314414815
0137133133117105107104106112
Inventory New Listings
MJ JASOND J FMAM J JASOND J FMAM J JASOND J FMA
08 09 10 11
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Ty
pes: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Ind
iana Association of REALTORS and Metro MLS, Inc. and may not reflect all relevan
t real estate activity. Coldwell Banker Residential Brokerage does not
the accuracy of this information. It is the responsibility of any buyer or selle
r to verify any and all information relevant to such consumer s real estate transa
ction.
April 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Inventory / Listings / SalesCity: GlencoeStephanieHofman847-652-1902www.HofmanOn
Homes.comStephanie.Hofman@cbexchange.comwww.StephanieHofmanHomes.comApril 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Inventory / Listings / SalesCity: GlencoeStephanieHofman847-652-1902www.HofmanOn
Homes.comStephanie.Hofman@cbexchange.comwww.StephanieHofmanHomes.com
Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale a
long 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 April 2011 was 38, up 90.0%
from 20 last month and down 13.6% from 44 in April of last year.
Inventory New Listings Sales
180
180
1
116
660
001
114
440
00120
100
80
60
40
20
0

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Inventory New Listings Sales
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Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Ty
pes: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Ind
iana Association of REALTORS and Metro MLS, Inc. and may not reflect all relevan
t real estate activity. Coldwell Banker Residential Brokerage does not warrant o
r guarantee
the accuracy of this information. It is the responsibility of any buyer or selle
r to verify any and all information relevant to such consumer s real estate transa
ction.