3rd QUARTER SOLD DATA FOR LAKE FOREST, IL ~ JULY 1st – SEPTEMBER 30th, 2014

LAKE FOREST, ILLINOIS
....................................Units…...DAYS on MARKET…….Median Sold $..........TOTAL SOLD
Condos/Townhomes....21..................133……......................$365,000.................$10,559,075
Single Family…...........83....................85..............................$805,000.................$76,825,754

RENTALS:…............Units....... DAYS on MARKET…….Median Rental $........ VOLUME
.....................................38...................26........……....…......$2,700…...…….......$109,985
Data provided by 2014 MRED, LLC, not Guaranteed. Fair Housing Compliant.

Here is the 3rd Quarter Sold Data for LAKE FOREST, Il. Our overall number of units sold is down by 2 -3%. However, Days on Market (time it takes a home to be listed and an offer submitted) has dropped by 2 – 3 weeks. The Median Sold Price continues to improve by a small percentage, 1% - 2%.
Our Spring & Summer Real Estate market was greatly impacted by Winter/Polar Vortex of 2014. A normal Season is usually 6 – 8 months, this year it was a very short 2- 3 months.
If you are thinking about selling or buying a home in the North Suburbs of Chicago, please contact me:
PAM DEVENDORF, REALTOR at Coldwell Banker. Direct: (847) 681-4143, pam.devendorf@cbexchange.com