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Property sales perk up a bit more

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Property sales in Evanston continued their seasonal increase in June, but were still off by 28 percent from the same month a year ago.


Property sales in Evanston continued their seasonal increase in June, but were still off by 28 percent from the same month a year ago.

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A total of 80 properties changed hands in June, according to the City Clerk’s office, compared to 111 in June 2008.

The average selling price last month was $441,000, down four percent from the average of $458,000 recorded a year ago.

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For the past 12 months, selling prices are down 11 percent on average from the similar period a year earlier and the number of transactions is down 31 percent.

In the first four months of its new fiscal year the city has collected a total of $492,464 in real estate transfer tax revenue, only 49 percent of the monthly average needed to reach its $3 million budget target for the year.

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

  • 2700 Euclid Park Place, a Tudor-style mansion two blocks from the lake in northeast Evanston, sold for $3.5 million.
  • 1217-1227 Harvard Terrace, a courtyard apartment building in south Evanston, sold for $1.85 million.
  • 801 Roslyn Place, a ranch-style home on the Wilmette border, sold for $1.046 million.
  • 2427 Colfax St., a 3,600-square-foot single-family home in northwest Evanston, sold for $1.025 million.

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