rett-201302

Property sales in Evanston have started the new year showing no signs of a major revival.

Real Estate Transfer Tax revenue to the city in the first two months of the year are down 8 percent from 2012, though up 53 percent from the depressed levels of 2011.

In creating its budget for 2013, the city forecast that sales this year would be 28 percent higher than the $1.63 million total recorded for 2012.

The transfer tax numbers include large commercial properties as well as single family homes, so they can show large month-to-month swings if the relatively rare sale of a large commercial property happens in a given month.

No properties sold for over $1 million in Evanston last month.

Bill Smith is the editor and publisher of Evanston Now.

Leave a comment

The goal of our comment policy is to make the comments section a vibrant yet civil space. Treat each other with respect — even the people you disagree with. Whenever possible, provide links to credible documentary evidence to back up your factual claims.

Your email address will not be published. Required fields are marked *