Real Estate Sales Statistics; Oak Lawn @ 05 Aug 2010 12:14 pm by judyorr
The 1st half of 2010 stats are in for Oak Lawn real estate sales:
Single Family Oak Lawn Homes
| # of Properties Sold | % Change | Average Sale Price | % Change |
| 2010 | 2009 | 2010 | 2009 | ||
| 172 | 124 | 38.7% | $201,625 | $183,696 | 9.8% |
It’s all positive news, but I wish it would reflect the sale of my own Oak Lawn home. I have it priced now to where I purchased it in 2003, and we’ve put thousands of dollars into it with updates such as two new bathrooms, new windows, new flooring and much more.
This just goes to show that data only tells us so much. My own home should be worth more based on these upward trending numbers, yet I have to continue reducing my price. There is still too much inventory vs. buyers and although the stats are positive, they are comparing 2009 (when I did not have my house on the market) to 2010.
It’s still good news that Oak Lawn real estate is seeing a positive turn in amount of sales and prices.
Oak Lawn Condos and Townhomes (Attached Properties)
| # of Properties Sold | % Change | Average Sale Price | % Change |
| 2010 | 2009 | 2010 | 2009 | ||
| 94 | 59 | 59.3% | $102,986 | $116,401 | -11.5% |
Although prices have dropped for Oak Lawn condos, I think many sellers will be happy that there was a whopping increase of 59.3% in total number of sales comparing the 1st half of last year to this one. In this market, anything positive is good.
If you’re interested in buying or selling an Oak Lawn property, give Judy Orr a call at 708-536-8200 or use the Contact Form.
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