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Property sales in deep freeze

Property sales in Evanston were in the deep freeze last month, as they usually are this time of year. Just 100 buildings changed hands.

Transactions

The number of transactions for the city's fiscal year that ends this month now stands at 1,643. That's down nearly 5 percent from the previous year and 19 percent from the torrid pace of two years ago.

Though the volume of sales has been down, the year has been marked by three unusually large sales — of the 1603 Orrington Ave. building, the Church Street Plaza development and the retail portion of the Sherman Plaza complex.

Average selling price

Those transactions have boosted the average selling price for properties in Evanston to $518,283, up 15 percent from last year and 29 percent from two years ago. Median prices for residential properties have shown much smaller changes.

With one month to go, the city now has collected $4.26 million in transfer tax revenue, 6 percent ahead of its $4 million goal for the full fiscal year.

Only four million-dollar-plus transactions were recorded last month.

727 Lincoln St. sold for $1.15 million, 2131 Harrison St. sold for $1.09 million, 2129 Harrison St. sold for $1.08 million and 718-720 Foster St. sold for $1 million.

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