Single-Family Home profiles

Chicago Neighborhood Info

2010 Single-Family Home sales: city of Chicago

We provide detailed profiles on the areas of the city that have the bulk of single-family homes sales with pricing information that reflects both size and condition—as well as the number of short sales and foreclosed, as shown in this sample:

Sample: Lincoln Square – area 04

Size:	Regular Sales	Bottom 1/3	Middle 1/3	Top 1/3	Short Sale/Foreclosed
					2010	2009
Small (3 bdrm/1.1 bath max)	11	$275,000 and less	$275,000 - $330,000	$330,000 and up	8 sold at $435,000 median price (18% of total sales)	12 sold at $750,000 median price (15% of total sales)
Medium (3-4 bdrm/ 2-2.1 bath)	18	$433,000 and less	$433,000 - $550,000	$550,000 and up
Large (4 bdrm/3 bath min)	18	$760,000 and less	760,000 - $1,137,000	$1,137,000 and up

We think mostly likely ‘handyman specials’ will be in the bottom third and that new construction or fully rehabbed homes will be in the top third. On the far right you will see the number of short sale/foreclosed properties iand their percentage of total sales. We group all this into 18 individual reports, as listed below.

Here is how short sales and foreclosures compared on an overall basis from 2009 to 2010. Of the 18 different areas we report on:

In 2010, SEVEN of the 18 stayed relatively the same in terms of short sales / foreclosures (meaning that the percent of short sales / foreclosures stayed within 5% of where it had been). SEVEN showed an increase of 5% to 10%, and FOUR saw increases of more than 10%. NONE had a significant decrease (i.e., a drop of 5% or more).

In 2010, FIVE of the 18 areas had 25% or less of their sales as short-sale / foreclosure; FIVE had between 25% and 50%;and EIGHT had a rate higher than 50%. In 2009, this had been SIX at 25% or less, SIX at 25% to 50%; and SIX at 50% or more.

Click on any of these hyperlinks to see an individual report:

Chicago NORTH

Chicago NORTHWEST and WEST

Chicago SOUTHWEST and SOUTH