SNN Jan-Feb 2005

2004 a Record Year for Real Estate Transactions

BY PAULA ARNETT

2004 was a record year for the total number of real estate transactions in the Sheffield* Neighborhood. The 255 transactions** during 2004 surpassed 2003’s number of 243 by 4%. The largest difference was the number of multi-unit transactions of 25 in 2004 vs 12 in 2003, or more than doubled. Condominium transactions decreased by 6% with 184 occurring in 2004 and 195 occurring in 2003. Single-family transactions increased by 27% with 46 occurring in 2004 and 36 in 2003. The accompanying chart shows the breakdown for the last seven years. As you can see, 2004 had the most transactions in the last seven years.

My new 2003-2004 Sheffield Neighborhood Real Estate Market Report is about to be published. It contains charts, dollar volumes, and statistics of real estate sales in the neighborhood*, as well as the Street-by-Street analysis so you can see what sold on your block, when, and at what price. Many more details are contained in my new report. If you have not received last year’s report and would like a copy, please contact me at 312.255.3316 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it


Paula Arnett, GRI, CRS, ABR, is a Broker Associate with Sudler, 1650 N Wells, and a member of the SNA Board of Directors.

*Sheffield’s boundaries are Armitage on the South, Fullerton on the North, Halsted on the East and the Chicago River on the West. **Transaction compilations from MLSNI (Multiple Listing Service of Northern Illinois) do not include direct sales from a seller to a buyer where the property was not listed with a member of MLSNI.