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The Bridge Team

2013

Washington Park Market Review & Report – December 2013

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HAPPY NEW YEAR   There are some differences from this time last year.  It is just hard to gauge how much they are a true indicator of things to come.  It is early to predict how exciting the 2014 market will be. What we know now is that the number of sales was about the same as last year.  The two positive indicators are that … [Read more...] about Washington Park Market Review & Report – December 2013

Washington Park Market Review & Report November 2013 in review

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HO HO HO... It looks like Santa will be bringing more new homes to Washington Park buyers this year than last.  Sales are up over this month last year and inventory is down.  This is resulting in happy sellers as prices continue to rise.  I notice that there was a sale in West Wash Park this month at $561/sf and another home in … [Read more...] about Washington Park Market Review & Report November 2013 in review

Washington Park Market Review & Report October 2013 in Review

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FINALLY, SOMETHING TO SELL… There is a little more inventory this month.  The pent up demand seems to be absorbing that inventory, however.  We still have less than a two month supply of homes for sale in most price ranges.  Many buyers have been sitting on the sidelines waiting for their dream home to come up for sale.  At … [Read more...] about Washington Park Market Review & Report October 2013 in Review

Wash Park Market Review/Report September 2013

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A LITTLE MORE INVENTORY MEANS A LITTLE MORE TIME A market is simple.  It is a matter of supply verses demand.  With supply up slightly and demand down slightly, our days on market are beginning to rise. That means not so many bidding wars and sales prices that are a little less than asking.  In May of this year, the sales in … [Read more...] about Wash Park Market Review/Report September 2013

Wash Park Market Report/Review August 2013

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This report shows that the Washington Park market continues to out pace the August market of a year ago.  The number of sales are up and the inventory is down.  The only indicator that this market is cooling a bit is the Days on Market (DOM). A jump from the unprecedented 18 DOM in July to 31 DOM in August is significant.  This … [Read more...] about Wash Park Market Report/Review August 2013

Wash Park Market Report July 2013

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CAN YOU BELIEVE THOSE DAYS ON MARKET? In 32 years of selling, I had never seen the average days on the market for a Washington Park home under 50 days until this year.  For July we were at 18.  That is amazing! The rest of the news remains all good.  When the rates bumped into the 4% plus range in late June, I felt like things … [Read more...] about Wash Park Market Report July 2013

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