The Rogers Park Real Estate report is in for August. We will take a little time and go through an analysis of the situation of this month as compared to the same time frame of one year ago. We can try to get a picture of what is currently going on and some eyes into the future if that is possible? We offer a nice report at the end of this piece that will help you investigate in even deeper if you like to view stats. I find them helpful
If we look at the complete picture new listing for Rogers Park Real Estate are down 11.8% and we have 7.8% less closed sales of all types of property. The real estate market shows a loss of 19.1% There is a lack of inventory in Rogers Park and this is one reason for these stats. People who are interesting in selling property at this time will be successful and may want to consider talking to us about where you stand.
Taking a view at the Rogers Park single family home situation, we have 42.9% more new listings at this time as compared with last year this month, there are 10 new houses for sale as compared to 7 last year. Under contract houses are up 66.7% to 5 from only 3 homes last year and closed sales are up 75% to 7 from only 4 one year ago at this time. The average sales price has gone up 48.2% to $504,714 from $340,563 and the average market time is down to only 69 days showing 24.6% less market time with 52 days as opposed to 69 days last year in July.
Taking a look at the Rogers Park Real Estate Condominium stats, new listings are down 15.8% to 80 condos vs. 95 one year ago. The figures for under contract condos is up 67.7% with 52 condos pending Vs only 31 one year ago this month. Closed sales are down 14.9% to 40 units and last year it was 47. The average sales price is up 20.1% to $192,562 and last year it was $160,294. The average market time is down 9.8% to only 101 days and last year we saw 112 days.
If you have any questions about the Rogers Park Real Estate scene or the community in general please us know.
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