Wednesday, January 11, 2012

North Center single family homes sales up 23%, median price up $50K

One of the hottest and most exciting single family home markets in 2011 was North Center.  From new construction on the high-end to little tear down shacks on the low-end and everything in were in great demand.

Sales: 177 single family homes sold in the North Center Community Area in 2011, up 23% over last year. The median price of about $800,000, a nice bump up from about $750,000 in 2010.  Both sales and median price were up for the year... a rare combo for any segment of the real estate market.

View the interior of one of the North Center homes sold as a foreclosure this year.

The Highs: 3905 N Oakley sold for $1,775,000.  The new construction custom built house sits on a 35 wide lot in Bell School district.
The Lows: 4117 N Western  was sold at a foreclosure auction for $167,700.  The home on busy Western had been renovated in the recent past.
22 homes (8% of sales) were sold as either foreclosure (banked owned, REO) or short-sale.

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