Classic Grey Stone in Bronzeville
Hello to all my blog readers out there!
Sorry I haven’t posted in a while.
I have been busy finding tenants for property owners.
But that is no excuse…
I have to find more time to give my readers the best FREE
information that money can buy. 
Well the spring Real Estate season is in full bloom.
I am seeing a lot of activity in the Bronzeville
Chicago neighborhood.
If you are thinking about buying or selling real estate
in Bronzeville, now is the time!
Here is a quick update on Bronzeville Single Family Homes:
As of May-20-2012, 26 single family homes have been sold Year To Date.
So the area is selling about 5 homes per month.
This number will probably increase as we enter the
busy summer selling season.
The average selling price was about $187,000.
The average home had about 3 bedrooms and 3 bathrooms.
The average selling price, per square foot,
for homes in good condition, was about $90.
Sales prices ranged from $27,000 all the way up to $575,000.
Prices are tied closely to the condition and square footage of the home.
Low end properties frequently require gut rehabs.
High end properties have been completely renovated.
Everything else falls somewhere in between.
Distressed sales now make up most of the market.
Out the 26 homes that were sold, only 10 were traditional sales.
So Bronzeville short sales and foreclosures now make up 60% of the market.
I expect this trend to continue for the next few years.
Hopefully you found this information useful.
If you have any questions, please let me know.
Also, please feel free to leave me a comment.
I read each comment I receive.
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
