Last spring, I shared with you the first @properties Market Report, the only real estate report that takes Chicago homebuyers and sellers beyond the headlines and statistics to offer real insights into local market activity. Since then, we've updated it with a few significant changes that will make it even easier to find information that best fits your needs.In addition to including data from Q1 and Q2 of 2008, it now includes data from all 77 official Chicago neighborhoods. For attached housing (condos and townhomes), data is divided by neighborhood, and also by number of bedrooms and number of baths. Similarly, for detached or single-family homes, the report is divided into four price points, allowing home owners to compare and contrast more similar homes.Also, you can now view the data, which includes average market time, average price and number of units sold, in several different ways. If you're interested in buying or selling a home right now, you can sort the data by consecutive seasons, from fall 2007 to spring 2008. This shows the latest fluctuations and market trends.If you're interested in keeping tabs on your home's more long-term pricing trends, it can be helpful to view the annual comparisons, which remove seasonal influences and fluctuations. I hope you find the new report helpful, and if you have any questions on it, or your local area, property or specific situation, please don't hesitate to contact me.
-Dave Straub @properties 773.255.3180
(@properties October 2008 Newsletter)
