Was This The Peak.... Only time will tell. However, May was only one of 3 months in the last 10 years where we closed over 50 sales. Most if not all of these sales likely occurred before interest rates took the big jump we have seen in the last 30 days. Thus homes that sold in April and closed in May may have sold at the … [Read more...] about Washington Park Monthly Stats – May 2022
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Washington Park Monthly Stats – April 2022
We Are Still Upside Down.... This time last year, I wrote about how unprecedented an upside down market is. To refresh your memory, that is when we sell more homes in a month than we have listed on the first day of the month. I had never seen an upside down market until January of 2021 and was surprised when it went on for 5 … [Read more...] about Washington Park Monthly Stats – April 2022
Washington Park Monthly Stats – March 2022
Spring Has Sprung.... The chart is always the quickest snap shot of what is going on in Washington Park. There was very low inventory in 2018 and again in 2020. However, in January of 2021 and for every month since, the active listing and sold numbers have been drastically upside down resulting in an unprecedented Seller's … [Read more...] about Washington Park Monthly Stats – March 2022
Washington Park Monthly Stats – February 2022
Another Month, Another Record... On March 1 of 2021, there were 16 homes for sale in Washington Park. That was 50% less than on March 1 of 2020. On March 1 of this year there were 4. All the listings we have put on the market this year have sold way over asking. There is some good news for buyers as several listings have come … [Read more...] about Washington Park Monthly Stats – February 2022
Washington Park Monthly Stats – January 2022
Historically Low Inventory... Stats like these are no longer surprising but remain concerning. With only 8 homes available in Washington Park and only 5 of them priced below $1,000,000, affordability is certainly a concern. Many of us regret that our children who were raised in the neighborhood cannot afford to live near … [Read more...] about Washington Park Monthly Stats – January 2022
Washington Park Real Estate – Market in Review 2021
Best Year Ever... Not only did The Bridge Team have their best year ever with over $52 million in sales in 2021, but the Washington Park market broke records in the number of sales, volume of sales and value increases. It was the best year, by far, to sell a Washington Park home in the 40 years that I have been selling real … [Read more...] about Washington Park Real Estate – Market in Review 2021
Washington Park Monthly Stats – December 2021
The Storm Before the Calm... Stats like these are no longer surprising but remain concerning. With only 8 homes available in Washington Park and only 5 of them priced below $1,000,000, affordability is certainly a concern. Many of us regret that our children who were raised in the neighborhood cannot afford to live near … [Read more...] about Washington Park Monthly Stats – December 2021
Washington Park Monthly Stats – November 2021
Welcome to Millionaires Row... Did you ever think you would live in a million dollar house? Me either. Now of the 9 homes available in Washington Park on Dec. 1st of this year, only two were priced under $1 million. In a neighborhood that consistently sells 25 to 50 houses a month we now count the supply of homes for sale in … [Read more...] about Washington Park Monthly Stats – November 2021
