Tuesday, February 05, 2013

Snowy Oak Park house sales in January up almost 100%

We looked at a house on the 300 block of South Harvey
Many of our clients are trading in their condos for single family homes in Oak Park.  We were back looking at homes in the $500,000-$600,000 range last weekend.  I love showing homes in the snow!
Let's see if the 2012 increased homes sales activity spilled into this January.

Oak Park Single Family Home Sales January 2013

33 Single Family Homes closed (sold) last month in Oak Park.  This is up about 95% over last January.  The median price last month was a reachable $350,000 (the majority of homes under the $350,000 needed extensive rehab). 

The lowest home sale price was a small frame foreclosure at 1176 S Cuyler sold for $66,012 (how they got to the $12.00 I don't know).  The highest priced sale for January was 818 N Grove for $710,000. The 4 beds, 2 full and 2 half-bath home was fully renovated and had a rather contemporary interior for the swanky north Oak Park location.

8 homes (24% of sales) were sold as either foreclosure or short sales.

Statistics gathered from MREDLLC.com

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