Wrightwood Sheffield/DePaul Housing Type: Condo Most condos have continued to sell in a month or less, as we have been seeing. Two homes sold in the $700-800k range, one took 36 days to sell, but the other took 223 days. That home was first listed in February for $950,000 and sold for $725,000. We can't stress enough how important it is for sellers to price their home close to its actual value. It can be tempting to price high in a seller's market, when home values are increasing, but in the end buyers are the ones who determine fair value. That … (0 comments)
sheffield: Fast Sales Continue in Wrightwood Sheffield: Neighborhood Update
- 09/21/17 12:42 PM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Market times continue to be low, as does the month's supply of inventory. As we were noting last month this neighborhood is still very much in a seller's market. There was a small spike in listings in the $500-600k range, but the two homes that sold in that price range had an average sales time of only 7 days. We expect this market will continue at this pace through the end of the year. The median sales price for condos was $480,000. Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome A few more listings have come to … (0 comments)
sheffield: Market Times Vary Widely Among Wrightwood Houses: Neighborhood Update
- 08/06/17 02:00 PM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Condos continue to sell fast and in some price ranges the month's supply of inventory is even lower than it was in our last report. While there were a few homes that took over 100 days to sell over 80% of the homes that closed sold in less than 100 days, in fact, most of them took less than 40 days to sell. More of the active homes have been on the market for over 40 days, but 65% of them have been on for less than 100 days so far. We could see … (0 comments)
sheffield: Many Homes Selling in Under a Month in Sheffield: Neighborhood Update
- 05/21/17 02:54 PM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo As was the case last month these homes are selling fast! Nearly half of the 17 homes that closed were on the market for less than a month. Of the homes that are under contract a little more than half went under contract in less than a month! The seller's market is continuing strong. If you are thinking about selling now is a great time to list. The median sales price for condos was $575,000. Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome Just like the condos the townhomes are selling faster than one can keep up … (0 comments)
sheffield: All Homes Selling Fast in Sheffield: Neighborhood Update
- 04/18/17 05:30 PM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo As the spring market begins we are not yet seeing an increase in inventory, as we hoped we would last month. In fact, in some price ranges the months supply of inventory has gone down. Condos are still in high demand and because of that, they are selling fast. There is plenty of room in this market for more sellers, buyers are demanding it! The median sales price for condos was $510,000. Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome With sales times of 2 and 7 days these homes are going fast! The homes that are under … (2 comments)
sheffield: More Single Family Homes for Sale in Sheffield: Neighborhood Update
- 03/09/17 12:31 PM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Condos in the Wrightwood Sheffield neighborhood are holding steady since last month. Nearly the same number of homes came to the market as went under contract keeping the inventory levels as is. The seller's market continues, but spring is not here yet. We could see parts of this market balance out if some more homeowners decide to sell. The median sales price for condos was $549,000. Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome There are more townhomes available, which is good for buyers, but there still aren't many choices. The $1-2m range is the only price range, … (2 comments)
sheffield: Townhomes Selling Fast in Sheffield: Neighborhood Update
- 02/03/17 10:51 AM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Since last month there has been a little spike in the month's supply of inventory for homes in the $700-800k range. A few have come to the market in this range and we haven't seen any more go under contract yet. As those that are under contract close we might see this number drop a little, but if more homes come to the market as homeowners prepare for the spring season we could see this price range hit a balanced market. Average market times haven't really changed much and of the homes that are … (2 comments)
sheffield: Wrightwood Sheffield Neighborhood Update: Year in Review 2016-2017
- 01/05/17 08:29 AM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo More homes went under contract than were listed since last month, pushing the current month's supply of inventory down. Being a new year we also created charts to show how these homes have trended over the past 12 months. We can see that the month's supply of inventory has remained steady, it is about the same for this past month as it has been all year. This means these homes remain deep in a seller's market. While our average market time has been higher in the past two months overall it has been averaging … (0 comments)
sheffield: Homes Taking Longer to Sell: Wrightwood Sheffield Neighborhood Update
- 12/02/16 11:55 AM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Not a lot has changed since last month. Inventory levels are still steady and low. Some homes are selling quickly and some are taking a few months. Overall, the average market time for sold homes is 59 days, for those under contract it is 123 days, and for those still available it is 127 days. If you are planning to list your condo be prepared for it to take a few months to sell, but there is still a chance it will sell quickly. Turn-key homes tend to sell faster than ones that need … (1 comments)
sheffield: Longer Market Times in Wrightwood Sheffield: Neighborhood Update
- 11/03/16 04:19 AM
Start your Wrightwood Sheffield/DePaul home search here. Wrightwood Sheffield/DePaul Housing Type: Condo Even though inventory levels haven't changed much since last month and most of these condos are still in a buyer's market, market times have been creeping up. They are still low at around two months, but it has been enough for some seller's to lower their asking price. If you are looking to buy, research the listing history of a home before you make an offer, you might have more negotiating room than the seller will admit. The median sales price for condos in this neighborhood was $530,000 Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome There … (0 comments)
Wrightwood Sheffield/DePaul Housing Type: Condo A few homes have come to the market in nearly every price range since last month. The month's supply of inventory is pushing balanced levels, but homes are continuing to sell very fast, in under a month in most cases. Often times in real estate we will see the markets slow as we head into the fall and winter months, but so far this is not the case for the Wrightwood/Sheffield neighborhood. The median sales price for condos in this neighborhood was $635,500 Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome No new listings have come to the … (2 comments)
Wrightwood Sheffield/DePaul Housing Type: Condo We've seen a few condos come to the market since last month, across the price ranges. They continue to sell very fast. The $600-700k range is the most telling, since there have been multiple sales, with an average market time of only 33 days! Sometimes, even in a fast market, nice homes don't sell as quickly. For example, the $800-900k sale took 111 days to market, but it's only the 3rd sale in this category over the past six months. Remember, as you get into the higher price ranges buyers tend to be more discerning … (0 comments)
Wrightwood Sheffield/DePaul Housing Type: Condo The trends haven't changed much since last month. The $400-500k range is still selling so fast that inventory can't keep up with demand. If you are thinking about selling your condo in this price range this is a great time to do it. When there is such a high demand prices go up, so the well kept and well-marketed homes will be able to sell for top dollar in this market. The median sales price for condos in this neighborhood was $427,500 Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood Sheffield/DePaul Housing Type: Townhome Townhomes continue to sell at lightning speed. … (0 comments)
sheffield: Townhomes Selling in Under a Week in Sheffield: Neighborhood Update
- 07/12/16 08:23 AM
Start your Wrightwood Sheffield/DePaul home search here. *Allow me to let you in on a little industry secret. We have two ways of collecting these numbers for you. One is through a reporting program in the MLS called Infosparks. The other is by manually looking up the data in the MLS. Infosparks is great for a quick view of the market, however, if you want to dig deeper you need to go to the actual MLS, look up the data manually and you may find that the numbers don't quite match what you found on Infosparks. Infosparks is updated often, but not as often … (0 comments)
Wrightwood Sheffield/DePaul Housing Type: Condo Inventory in the Wrightwood Sheffield neighborhood has shrunk compared with last month. It looks like sellers in the higher price ranges are seeing this and listing their homes, but the $400-500k range is most concerning. Last month there were 6 available and 8 under contract in that range, now 9 have closed, 6 are under contract, but only 1 is available. If you are thinking of selling in that price range you will have hardly any competition right now. The median sales price for condos in this neighborhood was $533,300 Price Range: $400,000-$800,000
Price Range: $800,000+
Wrightwood … (0 comments)
sheffield: Wrightwood Sheffield/DePaul, Chicago Neighborhood Update
- 05/09/16 03:01 AM
Start your Wrightwood Sheffield/DePaul home search here. In this blog series we will focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available. When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop only has condos) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know … (0 comments)
sheffield: Wrightwood Sheffield/DePaul, Chicago Neighborhood Update
- 04/10/16 11:46 AM
Start your Wrightwood Sheffield/DePaul home search here. The most important element in getting your home sold in a timely fashion is pricing it correctly. When you set the right price, you'll be attracting buyers who are looking for exactly the type of home you're offering. As a buyer or a seller it is vital to understand the specific marketplace you are in. Being a city of neighborhoods Chicago has a slew of different markets. We want to educate you on the different markets and give you the opportunity to watch a variety of them. In this blog series we will focus on one of twenty neighborhoods … (1 comments)
This blog is about life in the city of Chicago and in particular of the South Loop. The blog will strive to become a valuable source of information regarding real estate, community news and family life in an urban setting.
Start your Wrightwood Sheffield/DePaul home search here.
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