Tuesday, November 04, 2008

Ravenswood Market Snapshot:Three Bedroom Condo Sells Fast

I was just browsing market data here in the Ravenswood neighborhood and noticed another unit on 4900 block of North Damen, north of Lawrence, has sold under 30 days. It is a three bedroom, two bath condo with 2 car parking built in 2006. I walk by the building almost every day.
The list price was about 50K over the original sales price... so they are most likely netting 15K plus more than they paid only two years ago.
The Ravenswood market has been pretty strong over-all... maybe one of the most stable in the city over this last year. I sold a similar unit in multiple offers down the street earlier this summer.

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