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 – 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 – 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
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Washington Park Monthly Stats – June 2021
It's Still a Great Time to Sell.. 49 closed sales in a month is certainly one of the top months we have had but, as you can see on the chart, the number is not unprecedented. What is so unusual is the consistently low inventory we have seen all year. The number that I use for active listings is the number of actives on the … [Read more...] about Washington Park Monthly Stats – June 2021
Washington Park Monthly Stats – May 2021
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
