MARKET ACTION REPORT April 2011

Agent Name
City: Glencoe Title
Phone
Website
Other
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 $1,072,000
Average List Price of all Current Listings $1,552,236
April Median Sales Price $775,000 $807,500
April Average Sales Price $1,071,804 $989,853
Total Properties Currently for Sale (Inventory) 112
April Number of Properties Sold 14 48
April Average Days on Market (Solds) 112 137
Asking Price per Square Foot (based on New Listings) $305 $318
April Sold Price per Square Foot $267 $259
April Month's Supply of Inventory 8.0 10.3
April Sale Price vs List Price Ratio 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 (up), 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
20

April of 2010 and 17.6% lower than the 17 sales last

month. April 2011 sales were at their highest level 15

17
16

compared to April of 2010 and 2009. April YTD sales

14

14

14

14
13
of 48 are running 60.0% ahead of last year's year-to- 10

11

11

11

11
10

10

10

10
9

9
9
date sales of 30.
8

8
5
7

7
6

6
5

5
4

0
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 S O N D J F M A
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 1,600
Median means Middle (the same # of properties sold above and below the Median)

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
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 S O N D J F M A
08 09 10 11

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

Inventory & MSI 180
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
60
The Total Inventory of Properties available for sale as of
April was 112, up 5.7% from 106 last month and down 160
50
160
160

156

140
153
151

150

21.7% from 143 in April of last year. April 2011 Inventory

149

148
147
146

146
144

144
143
137

137

120 40
133
133

was at its lowest level compared with April of 2010 and

132
130

130

129
127

125
123

123
123
121
121
119

117

2009. 100
112
107

106
105

30
104

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
MSI of 8.0 months was at its lowest level compared with 20
April of 2010 and 2009. 0 0
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 S O N D J F M A
08 09 10 11

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Indiana Association of REALTORS and Metro MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarant
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 April 2011
Agent Name
City: Glencoe Title
Phone
Website
Other
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 190
move towards more of a Buyer's market, a downward 157
170
trend a move towards more of a Seller's market. The 150
DOM for April was 112, down 34.9% from 172 days last 130 107 112
month and up 4.7% from 107 days in April of last year. 110
The April 2011 DOM was at a mid level compared with 90
April of 2010 and 2009. 70
50
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 S O N D J F M A
08 09 10 11

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 500
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 450
the direction of Property values. Since Median Sales 400
Price and Average Sales price can be impacted by the 350
'mix' of high or low end Properties in the market, the 300 267
selling price per square foot is a more normalized 226
250
indicator on the direction of Property values. The April 200
2011 Selling Price per Square Foot of $267 was down 150
5.0% from $282 last month and up 18.3% from 226 in 100
April of last year. 50 0
0
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 S O N D J F M A
08 09 10 11

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 89.0%
90%
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 85%
84.1%
at or above 100% indicates more of a Seller's market.
The April 2011 Selling Price vs Original List Price of 80.6%
84.1% was down from 86.8% last month and down from 80%
89.0% in April of last year.

75%
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 S O N D J F M A
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 180 Inventory New Listings Sales

This last view of the market combines monthly 160

160
160

156

140
153

inventory of Properties for sale along with New Listings

151

150
149

148
147
146

146
144

144
143
137

137

120
133
133

and Sales. The graph shows the basic annual

132
130

130

129
127

125
123

123
123
121
121
119

117

seasonality of the market as well as the relationship 100

112
107

106
105

104

between these items. The number of New Listings in 80

April 2011 was 38, up 90.0% from 20 last month and 60
down 13.6% from 44 in April of last year. 40
20
0
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 S O N D J F M A
08 09 10 11
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Indiana Association of REALTORS and Metro MLS, Inc. and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not
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 April 2011
Agent Name
City: Glencoe Title
Phone
Website
Other
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 April 2011 was 38, up 90.0%
from 20 last month and down 13.6% from 44 in April of last year.

180 Inventory New Listings Sales

160
160
160

156
153
151

150
149

148
147

140
146

146
144

144
143
137

137
133
133
132
130

130

129
127

120

125
123

123
123
121

121
119

117

112
107
100

106
105

104
80

60

40

44

38
36

36
34

32
31
30

29

29
28

27

20
25
24

24
23

23

23

23
21

21

21
20

20

20

20
19

18

17
16

16

15

15

15
10

11

11

14

13
10

14

13

11

14

10
11

10

11

10

11

14
4

6
0
M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A
08

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Midwest Real Estate Data LLC; Greater Northwest Indiana Association of REALTORS and Metro MLS, Inc. 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.