|This guy loves living in the Ravenwood/ Andersonville area (seen at Winona and Ravenswood). All photos Eric Rojas, Real Estate Broker, Kale Realty|
82 homes closed in the above boundaries (Lawrence to Peterson and Ashland to Western) with a median price of $555,000 in 2013. This includes houses along the major streets of Western and Ashland that sell at a discount from interior streets. Sales were up 30% over the same period in 2012 while median price id up $100,000 over 2012.
A median priced house at $550,000 in the area will most likely be a small to mid-size (1500-1800 square feet above grade) move-in ready three bedroom home. Larger 4 bedroom+ homes at the median price and in locations closer to transportation or the retail strips will require structural renovation work or substantial updates and repairs. Many properties sold under $450,000 are now torn down for new construction or completely gut renovated.
|5034 N Ravenswood built in 2007 (second house from left) sold quickly for $1.275 million in 2013.|
Million dollar sales
Eight homes in these boundaries topped the $1 million sales price for 2013 and nine more homes topped $900,000. The highest sale was $1.5 million in 2013. In 2012 five homes topped $1 million with $1.3 million the highest sale. Only two more homes topped $900,000.
Watch some of my Ravenswood area and property videos going back seven years.