The real estate market in the Sheffield neighborhood

Authored by: 

News reports state that the real estate market is booming and, in the Sheffield neighborhood, it certainly is ahead of last year’s numbers of closed sales and contract pendings.  The accompanying chart shows the increases for single-family and condominium homes.

January 1 thru April 21*

No. of Closed Sales

2015

2014

% change

No. of Contract Pendings

2015

2014

% change

Single Family

14

9

64%

Single Family

15

12

25%

Condo

38

27

41%

Condo

64

57

12%

Multi-Units

2

2

 

Multi-Units

3

3

 

Land

0

0

 

Land

0

0

 

Total

54

38

 

Total

82

72

 

FYI’s

A property in the 2100 block of Magnolia, on a 30 x 125 lot that sold for $1,150,000 in May 2014, has been torn down.

Paula Arnett is a Broker Associate with Baird & Warner specializing in residential real estate sales for over 25 years.

*Sheffield’s boundaries are Armitage on the South, Fullerton on the North, Halsted on the East and the Chicago River on the West.