Quantcast

Property sales edge up

transactions-090608.gif

Property sales in Evanston increased again in May, but were off by a third from the same month a year ago.


Property sales in Evanston increased again in May, but were off by a third from the same month a year ago.

transactions-090608.gif

A total of 62 properties changed hands in May, according to the City Clerk’s office, compared to 93 in May 2008.

The average selling price was just under $416,000; down five percent from the average of $439,000 recorded a year ago.

average-price-090608.gif

In the first three months of its new fiscal year the city has collected a total of $316,000 in real estate transfer tax revenue, only 42 percent of the amount needed to reach its $3 million budget target for the year.

Four properties changed hands for $1 million or more last month:

  • 1409 Wilder St., a newly-constructed Tudor-style two-story home, sold for $1.365 million.
  • 149 Burnham Place, a ranch home a block from the lake, sold for $1.09 million.
  • 2735 Colfax St., a two-story home facing Evanston’s only forest preserve, sold for $1.012 million.
  • 2014 Harrison St., a three-flat apartment building, sold for $1 million.

Editors’ Picks