The Rogers Park Real Estate report for December 2016 is available. 2016 has been a busy year for buying and selling in the Rogers Park and West Ridge area of Chicago. Being so close to Loyola University and great public transportation via the Metra and "EL" trains really help as does stunning beaches and so many choices of restaurants.
Looking at a one month time frame as compared to exactly one year ago, and ending December 14th is the focus of today's report. At the end, you will find a graph with so much more data, so many questions can be answered.
We see a 30% gain in closed sales of all types of properties this month. With that inventory is down 18.6% and not a surprise. New listings are down 4.3%.
Looking at Rogers Park Real Estate and single family homes new listings are up 33.3% this month. Closes sales are flat with only 2 houses closing. the average sales price is down 41% to $392,500 as compared to last years $665,125. The average market time before a contract is down 13.7% to 120 days from last year's 139 days.
Taking a peak at Rogers Park condominiums shows 6.8% less new listings going live this month with 41 compared to 44 one year ago, during December. Under contract condos are up 16.7% with 28 properties Vs 24 the same time last year. Closed sales are up 34.6% with 35 condos closing as compared with only 26 last year during the same period. The average sales price is down 16% to $170,998, 2015 had $203,656 in December. The average market time before a contract is down 3.2% to 90 days.
If you have any questions about Rogers Park Real Estate, please call us at (800) 858-7917 day or night or feel free to browse our web site at Coldwell Banker Rogers Park.
We are here to help anyone from first time home buyers to the most serious investors.