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Property sales lag last year’s pace

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Sales of property in Evanston are winding up 2014 badly trailing last year's pace but looking better than they did in the two years before that.

Real estate transfer tax revenue to the city is down 37 percent through November compared to the same period last year, and it's running 11 percent short of the city's budget forecast of $2.875 million for the full year.

Figures from the city's transfer tax report show 76 transactions in November, down from 82 in the same month last year.

The biggest transaction recorded last month was the $7 million sale of the Mather Pavilion nursing home at 820 Foster St. by Mather Lifeways to Symphony of Evanston.

The next largest was the $2 million sale of 1717 Central St. to the Evanston Art Center.

The only single-family home sale that topped the $1 million mark was the sale of a newly-constructed home in the Kendall Place development at 722 Lincoln St. for $1.264 million.

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