The average sale price for Glenview houses sold during the past year compared to those sold during the previous year is down over 24%. Part of why the average price is down can be attributed to more sales of 2 bedroom or less houses and less sales of 5 bedroom or larger houses.
As shown in the table below the number of 2 bedroom or less houses sold in the past year was up from 4% of sales to 6% of sales. The number of 5 bedroom or larger houses this past year was 20% of the market compared to 23% the year earlier.
Average sale prices for 3 & 4 bedroom Glenview houses dropped the least this past year
Those segments of the market also experienced the greatest price declines. The average price of 2 bedrooms or less houses dropped 36%, twice that of 4 bedroom houses! The average price of 5 bedroom or larger houses dropped 26% while the average price for 3 bedroom houses dropped 22%.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
