Single Family New Construction in Sheffield*

It may seem that many of the newly constructed single-family homes have been on the market for a long time. The accompanying chart condenses the results, including market times and percent of sales price to original list price. Some builders put their properties on the market before construction has begun; thus, long market times. And many properties are on and off the market before being sold. Many prices have been reduced while few are closing at full price. Nevertheless, they continue to sell.

Latest FYI’s

A property in the 900 block of Armitage that sold for $1,410,000 in March 2006 has been torn down. A property in the 2100 block of Clifton that sold for $1,075,000 in October 2006 has been torn down and is now a side yard. And, a property in the 2100 block of Kenmore that sold for $1,130,000 in August 2006 has been torn down for new construction.

My 9th Annual 2005-2006 Sheffield Neighborhood Real Estate Market Report is being compiled and when ready, will contain charts, dollar volumes and statistics of real estate sales in the neighborhood. 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.