Posts Tagged ‘sales statistics’

Chicago Real Estate Market Trends-April 2017

May 26, 2017

Chicago Market Tends

Chicago Real Estate Market Trends for April 2017

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Center, Uptown, West Town.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in April 2017 increased by 4.62% compared to April 2016. The average selling price decreased by 2.15% to $935,019 and the average market time increased by 7 days or 6.03 %. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

181

$935,019

97%

123

April 2016

173

$955,518

96%

116


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in April 2017 increased by 3.19% for the month when compared to April 2016. The average selling price increased 1.77 to $446,365 and the average market time decreased 6 days or 8.70%. Homes sold for 99% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

1,365

$446,365

99%

63

April 2016

1,410

$438,610

97%

69


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in April 2017 decreased 4.65% when compared to April 2016. The average selling price increased 16.38% to $604,670 and the average market time increased by 5 days or 7.58%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

April 2017

82

$604,670

96%

71

April 2016

86

$519,561

97%

66


Curious about the value of your home? 
Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

 

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Chicago Real Estate Market Trends – November 2015

December 23, 2015

Chicago Real Estate Market Trends – November 2015

chicago real estate

Chicago Real Estate Sales – Detached Single Homes

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

The number of Chicago detached single homes selling in November 2015 remained the same compared to November 2014. The average selling price decreased by 3.0% to $742,219 and the average market time decreased by 13 days or 15.8%. Homes sold for 96% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

127

$742,219

96%

69

Nov 2014

127

$765,797

96%

82


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in November 2015 increased by 1.89% for the month when compared to November 2014. The average selling price decreased 3.62% to $397,166 and the average market dropped 6 days or 7.5%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

753

$397,166

97%

74

Nov 2014

739

$412,088

98%

80


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in November 2015 increased by 9.80% for the month when compared to November 2014. The average selling price increased 4.10% to $526,023 and the average market time increased by 2 days or 2.73%. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

Nov 2015

100

$526,023

97%

75

Nov 2014

91

$505,293

97%

73

Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties

Chicago Real Estate Market Trends for May 2014

June 26, 2014

All-cash offers are an unusual real estate tactic, but often times are a winning strategy at the negotiating table, and are presently on the rise. The National Association of Realtors® reports market share of all-cash purchases has risen and currently makes up 33 percent of the market. This is a unique trend, especially since the market has experienced a decrease in distressed homes and investor activity.

Economists point out many reasons for this popular trend. One is restrictive lending standards have caused many buyers, especially wealthy ones, to forgo a loan. Another is the aging baby boom generation, many of whom are trading down and paying for their purchase with cash accumulated from decades of equity. Some also point to foreign buyers; home purchases by foreign buyers in the U.S. are increasing and those buyers don’t have the credit history in the U.S. to qualify for a loan.

Take a look at sales figures in our local real estate market for May 2014.

Chicago Real Estate Sales – Detached Single Homes

The number of Chicago detached single homes selling in May 2014 decreased 23% for the month compared to May 2013. The average selling price decreased by 12% to $681,934 and the average market time decreased by 41 days. Homes sold for 98% of the listed price.

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

May 2014

155

$704,827

98%

51

May 2013

202

$806,265

97%

92

 

Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in May 2014 decreased by 1% for the month when compared to May 2013. The average selling price increased 13% to $397,145 and the average market time decreased by 16 days. Homes sold for 99% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

May 2014

1,083

$365,679

99%

63

May 2013

1,102

$321,424

98%

79

 

Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in May 2014 decreased 28% from May 2013. The average selling price increased 21% from May 2013 prices, and the average market time decreased by 51 days. Homes sold for 99% of the listed price.

Date

Sold Listings

Average Sold Price

SP:LP

Average Market Time

May 2014

64

$472,843

99%

64

May 2013

89

$388,864

98%

115

 
Curious about the value of your home? Get your home’s value here!

Six Month Chicago Condo Sales Statistics for 2010

July 12, 2010

In the first six months of 2010, Chicago condo sales have dramatically increased compared to the first half of 2009. And June closings were up 26% over May.

According to figures generated by MRED, the regional MLS, year-to-date sales of Chicago condos through June 2010 are:

  • Up 42% in total dollar volume, to $1.8 billion
  • Up 45% in units closed, to 5,630
  • Down 6% in median sales price, to $263,700
  • Down 6% in average market time, to 148 days.

Comparing June sales to May:

  • Units closed were up 26%, from 1,083 to 1,365 closings
  • Dollar volume was up 27%, from $341 million to $434 million
  • Median sales price was up 2%, from $264,900 to $270,000
  • Average market time was flat, at 144 days

What’s your chicago condo worth?