Sheffield Real Estate Transactions

The accompanying chart shows real estate prices in Sheffield* comparing 2007 to the same period in 2006. Total transactions are down by 9% from last year with condominiums showing the greatest decline but single family, multi-unit and vacant land transactions are about flat. Total transactions for 2006 were 214, down significantly from 254 in 2005.

Average market times are not too different from last year, with condominiums having a bit longer market time than last year. The average selling prices are down with single-family home prices down by 21% and condominium prices down by 7%.

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.
 

Sheffield* Neighborhood Real Estate Transactions