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Sheffield Neighborhood News

May/June 2005

Your real estate questions may be answered

BY PAULA ARNETT

In the Sheffield neighborhood*, do you know how many real estate transactions take place each year? Do you know which streets have the most transactions? Do you know which property has the highest selling price? Do you know which property has the lowest selling price? Do you know which properties sold more than once in the past several years? The answers are in my Sixth Annual 2003-2004 Sheffield Neighborhood Real Estate Market Report.

The report 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, including past and present, are included

Latest FYI’s

A property that sold for $940,000 in June 2004 in the 1100 block of Webster has been torn down and will be rebuilt as three condos; a property that sold for $1,500,000 in July 2004 in the 2000 block of Clifton has been torn down; a property that sold for $1,015,000 in January 2005 in the 2000 block of Magnolia has been torn down; a property that sold for $1,035,000 in May 2004 in the 2100 block of Fremont has new construction; a property that sold for $1,050,000 in September 2004 in the 2100 block of Magnolia has new construction; a property that sold in August 2004 for an undetermined amount in the 2100 block of Racine has new construction of three condos; a property that sold for $900,000 in September 2004 in the 2200 block of Fremont has been torn down; a property in the 2200 block of Janssen that sold for $765,000 in November 2004 has new construction; and a property that sold for $900,000 in August 2004 in the 2200 block of Lakewood has new construction with a list price of $2,490,000.

*Neighborhood 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*
 
Single Family Homes
Condominiums(Includes Townhomes)
Multi-Units
(2-4 Flats)
 
2000
1999
2000
1999
2000
1999
January through March
Sales Volume $4,340,496 $3,748,000 $14,799,100 $9,140,009 $700,000 $1,219,999
% Change 99 to 00 15.8%   61.9%   -42.6%  
Transactions 6 5 49 30 1 2
% Change 99 to 00 20.0%   63.3%   -50.0%  
Average Market Time 70 106 37 41 85 30
% Change 99 to 00 -34.0%   -9.8%   283.3%  
Average Selling Price $723,416 $749,600 $302,022 $304,667 $700,000 $610,000
% Change 99 to 00 -3.5%   -0.9%   14.8%  
Highest Selling Price $925,000 $880,000 $577,250 $782,500 $700,000 $620,000
% Change 99 to 00 5.1%   -26.2%   12.9%  
Lowest Selling Price $485,000 $514,000 $71,000 $110,000 $700,000 $599,999
% Change 99 to 00 -5.6%   -35.5%   16.7%  
             

* compiled from the Multiple Listing Service of Northern Illinois

 
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