condo market for the near west side of chicago february 2015

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Attached Homes & Condominium market as of February 2015 for the Near West side of Chicago

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Page 1: Condo Market for the Near West Side of Chicago February 2015

Attached Homes & Condominium market as of February 2015 for

the Near West side of Chicago

Page 2: Condo Market for the Near West Side of Chicago February 2015

Attached homes and condominium data taken from the MRED MLS

Page 3: Condo Market for the Near West Side of Chicago February 2015

In the last 30 days there were 85 closed sales of Attached Homes & Condos 148 went under contract and there were 158 new listings

Page 4: Condo Market for the Near West Side of Chicago February 2015

In the last 12 months median sales prices increased +10.3%

Page 5: Condo Market for the Near West Side of Chicago February 2015

Marketing Time is down -6.8% to an average of 55 days on the market

Page 6: Condo Market for the Near West Side of Chicago February 2015

Now there is a 2.5 Month Supply of Inventory at the current level of absorption, this level is considered a shortage. It's a sellers market.

Page 7: Condo Market for the Near West Side of Chicago February 2015

Distressed sales, Bank Owned and Short Sales account for approximately 11% of total sales

Page 8: Condo Market for the Near West Side of Chicago February 2015

Citywide Services performs residential real estate appraisals in Chicago & suburbs. Appraisals for divorce, estate, bankruptcy, tax appeal, bail bonds, and for sale by owner. Call 312.479.5344 www.appraisercitywide.com