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 days rather than months. The end result, we all live in a million dollar neighborhood.
As I have said before, it is all about the supply and 9 homes for sale is the lowest number I have seen in my 30+ years of tracking the neighborhood. Yet another record.
Needless to say, it is a great time to sell a house in Washington Park. In fact, it might be the best time in over 30 years to sell. If you have been thinking about a move and wonder what this market might bring your way, please don’t hesitate to be in touch. Happy holidays and let us know if we can help in the new year.