The real estate market is really picking up these days.
There is less inventory on the market compared to a year ago.
There are also less foreclosures on the the market.
The market is changing to a seller’s market.
Let’s take a quick look at sales in Chicago’s Bronzeville
neighborhood.
This analysis is based on sales from 01/01/2013 — 04/30/2013.
SINGLE FAMILY HOMES
16 Single Family homes were sold. The median selling price was $225,000.
CONDOS
42 condos were sold. The median selling price was $50,000.
LAND
5 vacant lots were sold. The median selling price was $15,000.
Multi-Family
2 Multi-Family properties were sold. The median selling price was $255,000.
Two to Four Units
12 properties were sold. The median selling price was $97,000.
Rentals
77 properties were rented. The median rental price was $1,325.
Hopefully you found this information useful.
Until the next time,
Mark Killion
Kale Realty
542 W. Roosevelt Rd.
Chicago, IL 60607
Visit me online: www.773property.com
EQUAL HOUSING OPPORTUNITY
