Chicago, IL 60645 - Rogers Park Market Report for 2-4 Unit Buildings

Well, the dumpster picture got your attention and if I got your attention then this report will make your day even a better one. Here's why ....

Chicago - Roger's Park Neighborhood in the 60645 Zip Code Market Report says that your value has stablized! SHOCKER? Nope.

In the last 365 days, 29 2-4 units have been active with 34 closed and 10 units under contract.

In the last 180 days, 20 2-4 units have closed, 10 units under contract and 29 are still for sale.

See a pattern here at all?

The major peak price was at $230K to $240K with the next peak price at $270-$330K.

The low-end pricing was at $160k to $180K. Now, remember that these properties were/are foreclosures and would require some work to them. Those amounts of monies are averaging between 10% to 20% in this price point based on the selling price. That is minimal work for mechanical, roofs, etc. Doesn't include the porches, kitchens and bathrooms.

IN THE LAST 180 days compared to the previous year's 180 days, this is where it shows that the market is strengthening in Rogers Park's 60645 zip code area

The median price a year ago was $279,950 and the Median Price currently is at $278,450K which reflects just .05% drop which to me isn't much and it shows stablization.

If one looked at the past 365 days to the previous years 365 days, the average price was $345K compared to the current 365 days which is at $278,450! That shows a 19.3% drop in price or a grand sum of chunk change in the amount of $66,500 from the previous year's average price compared to the current last 365 days.

So, even while Rogers Park is showing a list of 347 pre-foreclosures, those pre-foreclosure include East Rogers Park which carries a long list of troubled condominium developers and owners. Thus minimizing the the West Ridge Neighborhood of Rogers Park here in Chicago.

So, if you have expired, and are considering re-entering the marketplace, now is the time. Pick up your phone and let's get you back in the market and get you sold this time.