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February 2013 Near West Side

February 2013 Near West Side

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Published by Hillary Dunn Deck

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Published by: Hillary Dunn Deck on Mar 16, 2013
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03/16/2013

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Local Market Update – February 2013

A RESEARCH TOOL PROVIDED BY MIDWEST REAL ESTATE DATA LLC RESIDENTIAL ACTIVITY ONLY | Data current as of March 14, 2013

8028 - CHI - Near West Side
Detached Single-Family
New Listings Under Contract (includes Contingent and Pending) Closed Sales Median Sales Price* Average Sales Price* Percent of Original List Price Received* Average Market Time Inventory of Homes for Sale at Month End

- 2.8%
Change in New Listings All Properties

+ 7.3%
Change in Closed Sales All Properties

- 54.8%
Change in Inventory of Homes All Properties

February
2-2012 4 1 2 $67,500 $67,500 91.3% 72 23 2-2013 7 4 4 $267,500 $375,625 89.7% 90 14 +/– + 75.0% + 300.0% + 100.0% + 296.3% + 456.5% - 1.7% + 25.0% - 39.1% 64 21 22

Trailing 12 Mos.
2-2012 2-2013 66 33 28 $280,000 $357,995 93.0% 125 -+/– + 3.1% + 57.1% + 27.3% + 53.4% + 14.7% + 9.6% + 8.3% --

$182,500 $312,013 84.8% 115 --

February

Trailing 12 Mos.
+/– - 5.1% + 40.0% + 3.8% + 37.1% + 31.7% + 10.9% - 58.3% - 55.6% 2-2012 1,692 843 749 $250,000 $273,739 91.7% 159 -2-2013 1,291 1,003 926 $250,000 $275,159 93.2% 124 -+/– - 23.7% + 19.0% + 23.6% 0.0% + 0.5% + 1.6% - 21.9% --

Attached Single-Family
New Listings Under Contract (includes Contingent and Pending) Closed Sales Median Sales Price* Average Sales Price* Percent of Original List Price Received* Average Market Time Inventory of Homes for Sale at Month End

2-2012 137 80 53 $172,900 $206,868 88.1% 200 453

2-2013 130 112 55 $237,000 $272,357 97.7% 84 201

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Change in Median Sales Price from Prior Year (6-Month Average)**
Detached Single-Family
All MLS 8028 - CHI - Near West Side
+ 450% + 400% + 350% + 300% + 250% + 200% - 5% + 150% + 100% + 50% 0% - 50% - 100% 1-2009 - 20% - 25% 1-2009 - 10% - 15% + 5% 0%

Attached Single-Family
b a
+ 15% + 10%

All MLS 8028 - CHI - Near West Side

b a

1-2010

1-2011

1-2012

1-2013

1-2010

1-2011

1-2012

1-2013

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are period | All data from Midwest Real Estate Data LLC proportioned according to their share of sales during that period. LLC. Powered by 10K Research and Marketing Marketing.

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