We Are Breaking Records... As you can see on the Active vs. Sold chart, there are not many months when we have closed more than 50 sales in Washington Park and May of 2021 was one of them. Even more impressive is that 87% of those sales were at or above asking for an average of 104.9% of the asking price. This seems to be … [Read more...] about Washington Park Monthly Stats – May 2021
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Washington Park Monthly Stats – April 2021
Upside Down Market... This is what you could call an upside down market. April was the 5th month in a row where we sold more homes in a month than we had listed on the first day of that month. If you look at the chart, you can see just how unprecedented this is. April was also one of only 3 months in the last 10 years where … [Read more...] about Washington Park Monthly Stats – April 2021
Washington Park Monthly Stats – March 2021
The Imbalance Continues... Oh my, as of March 31st, there were only 13 houses for sale in Washington Park. Prior to 2021, we typically have seen only one month a year where we sold more homes in a month than were available to purchase. Now we have seen this imbalance for 4 months in a row. Typically, the market really gets … [Read more...] about Washington Park Monthly Stats – March 2021
Washington Park Monthly Stats – February 2021
The Definition of an Imbalanced Market... Look at the graph. It is very rare for the number of homes available on the first day of the reported month to be lower than the number sold. We have now seen that phenomenon for 3 months in a row in Washington Park. That is unprecedented. I have been selling homes in Washington Park … [Read more...] about Washington Park Monthly Stats – February 2021
Washington Park Monthly Stats – January 2021
The Numbers Don't Get Much Better For Sellers... I think most of us are happy to say goodbye to 2020. What a year! Of the 27 sales this month, 66% sold at or above the asking price. Multiple offers are the norm rather than the exception. We used to think the high end never got full price but the one sale this month that sold … [Read more...] about Washington Park Monthly Stats – January 2021
Wash Park Real Estate Market Review 2020
What A Year 2020 will be a year to remember for so many reasons. Most of those reasons are not real estate related but the Washington Park real estate market for anyone who has been involved in it this year will also live on in infamy. Several numbers stand out. As you can see on the chart, traditionally we sell the most homes … [Read more...] about Wash Park Real Estate Market Review 2020
Washington Park Monthly Stats – December 2020
Goodbye 2020! I think most of us are happy to say goodbye to 2020. What a year! Typically December is a month when we find our clients busy with travel, shopping and holiday parties. Real estate is usually a much lower priority than these seasonal activities. However, with travel, shopping and parties all much diminished … [Read more...] about Washington Park Monthly Stats – December 2020
Washington Park Monthly Stats – November 2020
No Break For The Holidays This Year... With sales up 22% from a year ago and inventory 18% less than this time last year, I am not expecting much of a slow down in activity over the holidays. With rates historically low and very few people traveling over the holidays, it seems that buying a new home is one of the few pleasures … [Read more...] about Washington Park Monthly Stats – November 2020
