Let’s see what the Hyde Park real estate market is doing these days.
2009 3rd Quarter….Hyde Park Condo Sales Analysis
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….Type….#_Sold……….AVG_Price………………AVG_Assessments
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Studio…………….4………………..$73K………………………………$326/mo
..1Bed…………..13……………..$116K………………………………$374/mo
..2Bed…………..21……………..$189K………………………………$434/mo
..3Bed…………..23……………..$282K………………………………$418/mo
..4Bed…………….7……………..$451K………………………………$756/mo
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Total Sold 68…. So, about 22 Condos sold per month.
Currently there are 172 Condos listed for For Sale on the MLS.
So, we have almost 8 months of inventory.
A balanced market is considered to have 6 months of inventory.
So, it is still somewhat of a buyers market in Hyde Park.
But, the local Hyde Park market is apparently stabilizing.
Please contact me for more information on buying a Hyde Park Condo.
Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
