The Rogers Park Real Estate Market Report for June 2016 is here. Rogers Park is a fantastic neighbored that is the North end of Chicago, it sits on the border of Evanston and Lake Michigan. The statistics are really interesting this month. For all types of listings we have a gain of 72% and 41.7% more closed sales in the month as compared to last year in the same time frame. Not surprisingly we have 8.3% less inventory but as I break down the stats it really looks good.
For Single family homes in Rogers Park Real Estate we have a gain of 150% with 15 new listings as opposed to only 6 in June of 2015.The closed sales are up 200% with 6 houses closed and last year during the same time which ends June 14th we had only 2 houses that closed. The average sales price for a house in Rogers Park is us 42.2% to $598,333 from last year’s $420,750. The strange stat is the average market time. It is up 195.8% to 71 days from only 24 days last year. The percent of original list price received for houses is up 14.5% to 95.6% of listed price and last year it was 83.5% for the asking price.
Looking at the Rogers Park condominium scene in Real Estate sales we have a 65% gain in new listings with 99 this month Vs 60 in the same time frame last year. There is a 21.3% gain in under contract condos and closed sales are up 32.4% to 45 and last year during the same time the number was 34. The average sale price of a Roger Park condo is down 1.2% to $178,316 and last year this month it was $180,475. The average market time is up 47.1% to 103 days from last year’s 70 days until a contract. The figure for the percentage of asking price is up 1.5% to 94.6% of asking price and last year it was 93.2%.
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