Sunday, April 14, 2013

Roscoe Village single family home sales, inventory low

We have clients looking for a quality house in the Roscoe Village neighborhood of North Center.  Here's a look at single family homes sales this year.

3536 N Bell is under contract asking $1,689,000.  The luxury new construction in Roscoe Village was completed this spring (photo Eric Rojas)
Roscoe Village Single Family Homes Sales January 1st - April 14th, 2013

12 single family homes closed so far this year in the Roscoe Village boundaries (North Ashland to North Western, West Belmont to West Addison).  The median price is about $1.1M.  The highest closing this season is $1,751,309 (and .50 cents) for 3330 N Oakley.  The 6 bedroom luxury new construction on a 30' wide lot was sold to the owner during the development/ construction phase.
The popular retail stretch of West Roscoe Street on a cold March morning.

The lowest sold single family home sold this year in Roscoe Village was 2326 W Melrose closed for $615,000.  This was a nicely renovated 3 bedrooms house with a one bedroom rental unit in the lower level.

All of the closed homes were in Audubon Elementary school attendance boundaries with the exception of 1845 W Newport (a new gut renovation closed $1,050,000).  1845 W Newport was in Hamilton school district (another popular school).
Roscoe Village (generated by Eric Rojas using

Homes for sale, under contract

The real story this year is single family home inventory.  As of this writing, seven homes are actively available for sale.  The median asking price is about $980,000.  Contrast that with 21 homes under contract in this relitively small area.  We'll see about 40-50 single family houses change hands the first six months of this year...that's pretty dynamic for this single neighborhood.

All sales stats pulled from and interpreted by Eric Rojas, Real Estate Broker with Kale Realty. Unit sales and median prices approximate and based on available data at time of writing.