Sheffield Neighborhood* Real Estate Transactions

As the number of real estate transactions declines, market times increase. The accompanying chart shows the number of properties under contract, closed and average market times for 2006 and 2007. For the nine-month period, average market times have increased significantly for single family, condo and vacant land properties. However, for multi-unit properties, average market is consistent with last year and the number of closed and under-contract has increased dramatically.

FYI

A property that sold for $950,000 in April 2007 in the 2000 block of Seminary has new construction.

My 9^th Annual 2005-2006 Sheffield Neighborhood Real Estate Market Report is compiled and 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 showing what sold on your block, when and at what price. If you have not received last year’s report and would like a copy, please contact me at 773-294-1822 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Paula Arnett, GRI, CRS, ABR, who has provided quality single-agency real estate representation for more than 20 years, is a Broker Associate with Rubloff Residential Properties, 2663 N. Halsted, Chicago, IL 60614, and is 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.

**Data compiled from MLSNI (Multiple Listing Service of Northern Illinois).