Each Monday morning, we update Market Statistics for the North Side of Chicago IL, roughly North and West of Wrigley Field to the Chicago City Limits. We post the numbers on our Team Blog Center - BlogChicagoHomes.com. We'll start sharing these numbers here, each week, in case you or any of your clients are considering moving or investing here in Chicago.
Here is a look at our Chicago Real Estate Stats Pack for, Monday Morning, January 21, 2008. We cover single-family, small-multi family, and condos in Downtown Chicago and the entire Chicago IL area.
Communities and clients we serve reside, or plan to reside, in the Chicago Neighborhoods of The Chicago Loop, The Gold Coast, River North, Lincoln Park, Lakeview, Uptown, Edgewater, North Center, Lincoln Square, Albany Park, Ravenswood, Wicker Park, and Bucktown.
Also, these Great Chicago Neighborhoods: Logan Square, Rogers Park , West Ridge, Portage Park, Jefferson Park, Norwood Park, Sauganash, Edgebrook, and Edison Park. Plus All Chicago Suburbs.
SINGLE FAMILY, CONDOS, AND SMALL MULTI-UNIT PROPERTIES - NORTH SIDE OF CHICAGO, NORTH OF ADDISON STREET, WEST OF ASHLAND AVENUE
ACTV LISTINGS JUST SOLD CLOSED EXPIRED
w/e January 20th 4,200 45 38 70
w/e January 13th 4,186 28 34 42
% CHANGE +0.3% +60.7% +11.8% +66.7%
CLOSED PROPERTIES DATA
AVG SALE PRICE AVG DAYS ON MKT TOTAL VOLUME
w/e January 20th $352,377 134 DAYS $13,390,350
w/e January 13th $350,460 157 DAYS $11,915,665
% CHANGE +0.5% -14.6% +12.4%
THEORETICAL TIME TO CLEAR EXISTING INVENTORY (ABSORPTION RATE) -
LAST 12 MOS - 11.35 LAST 6 MOS - 18.37 LAST 3 MOS - 32.23
PERCENT OF HOMES SELLING IN 180 DAYS - 31.45% (UNSOLD - 68.55%)
SOURCE: MLSNI, AREA MARKET SURVEY DATA
For an archive of earlier Chicago Stats Pack Reports, click here.
As always, call with any questions on any of these numbers.
DEAN & DEAN'S TEAM CHICAGO