November/December 2001

Recent Real Estate Statistics

BY PAULA ARNETT

Yes, the real estate market is different from last year’s. So is everything. The accompanying chart shows the number of transactions* that occurred in the Sheffield neighborhood in the third quarter of this year compared to last year.

You can see that there have been more listings, more properties under contract and more properties closed this year compared to last year. This year there are more sellers than there are buyers.

Most interesting is that of the three single-family homes that went under contract in the third quarter of 2001, none was over $1 million whereas in the third quarter of 2000, of the six single-family homes that went under contract, fiver were over $1 million.. In addition, of the 10 single-family homes that closed in the third quarter of this year, only 3 were over $1 million whereas in 2000, 5 of the 8 were over $1 million. Of the single-family listings in the third quarter of 2001, 7 of the 22, or about one-third, were over $1 million compared to 2000 where 7 of the 15 or about half, were over $1 million. That’s only single-family home statistics.

Helpful Hint: All residents of the 43rd Ward can request “No Parking” signs for your moving van on the day of your move for up to five parking spaces. Call Alderman Vi Daley’s office at 773/327-9111 at least five working days prior to your move to request the signs. Streets and Sanitation will post the signs the day before the move to give neighboring residents 24-hour notice of the No Parking restriction.

*Data compiled from the Multiple listing Service of Northern Illinois.