Weekly Real Estate Update – Oak Park, River Forest, Forest Park – New homes for sale, Contingent, and Sold homes – 07/12/2015 – 07/18/2015
Here is the weekly real estate update for Oak Park, River Forest, and Forest Park for the week of July 11th
How many new Oak Park homes for sale, Forest Park homes for sale, and River Forest homes for sale last week?
New Homes For Sale – 25 New Single Family Homes
Between 07/12/2015 and 07/18/2015 we had 25 new single family homes go on the market. Pretty steady from last week. Out of those 25 only 1 is currently under contract. That signifies a bit of a slowdown from the last couple weeks. The average list price for these homes is $538,126.
The lowest price listing is a short sale at 1146 Gunderson that is a 3BR/2Bath home listed for $219,000. There is also a great home my partner and I listed at 430 Hannah, Forest Park. This is a 4 BR/3 Full Bath home on a huge lot with an open kitchen into a first floor family room. Lots of character and 2 full baths on second floor.
The highest priced new listing is a home at 1111 Franklin Ave, River Forest. This home is a 3 BR/2Full 2 Half Bath home listed for $1,324,000. From the pictures it appears to need a good deal of work. I’ll have my eyes on this one.
Of the 25 homes for sale, 6 are in Forest Park, 4 in River Forest, and 15 in Oak Park.
Homes Under Contract –15 Single Family Homes Under Contract
There were 15 single family homes that went under contract in Oak Park, River Forest, and Forest Park during the week of 07/12/2015 – 07/18/2015. The average list price for these homes is $404,060. The average market time was 86 days.
There were 14 homes that closed between 07/12/2015 – 07/18/2015. Of the 14 homes, 10 of the 14 or 71% of the homes sold for 96% of the original list price or higher! That is great. 3 of the homes sold for 100% of the original list price or higher. It is a good time to be selling your Oak Park, River Forest or Forest Park home for sure!
If you ever have any specific questions about any of these homes feel free to call either Barbara Kohut or Cory Kohut at any time.