SNN Jan/Feb 2008

Sheffield Neighborhood* Real Estate Transactions

BY PAULA ARNETT

The Sheffield neighborhood* saw the fewest number of transactions in 2007 for the past ten years. The total number of transactions is down from last year by about 8% due to the drop in condo sales. Single family, multi units and vacant land transactions have increased, however, as shown on the accompanying chart. Prices of single family homes, condos and vacant land remain essentially flat, but there is a 21% increase in the price of multi units along with an 83% increase in the number of sales. Market times have increased significantly except for the hot multi units whose market time has decreased by 8%.

The spring real estate market has begun. Now is not too early to put your property on the market if you are planning to sell this year…it just may take a little longer than you would like.

If you have not received my 9th Annual 2005-2006 Sheffield Neighborhood Real Estate Market Report containing 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, 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.