northwest suburban chicagoland market stats: Northwest Suburban Chicagoland Mult-Family Update - 06/27/11 08:13 AM
How hot is the Multi-Family housing market? I guess it depends on who you ask. Taking a look at the Northwest Suburban Chicagoland area, there are some mixed signs.
According to the Midwest Real Estate Data MLS system there have been 22 Closed sales on listings with more than 5 units. Prices have ranged from $171,100 to $1,050,000. (Note: There was 1 sale for an unfinished 60 unit condo building which I have left out of this analysis because it is not in character with the rest of the properties.)
Of the 22 sale 11 were sold as a short sale … (0 comments)
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northwest suburban chicagoland market stats: How distressed is the Chicagoland Market? - 05/31/11 10:06 AM
I have analyzed the stats from the MLS Midwest Real Estate Data and have found the following. There has been 27970 closings of Single Family, Attached Single Family (Condo, Townhome &; 1/2 Duplex) and 2-4 unit Multi-Family Units. Of those 13245 were marked as foreclosures or short sales. This means that over 47% of the sold properties were distressed.
For the Northwest Suburban Market I have posted the stats below. I will go into some more detailed anaylsis tomorrow on this.
All properties
Distressed Properties
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I … (0 comments)
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