Chicago HOMEBUZZ Market Report

Hello Everyone and Happy New Year!

Here is our market report for the 4th quarter of 2006 for single family, condos, townhomes and multi-unit residential properties in our mailing list sorted by zip code. This market report podcast (click on title to listen or go here: http://www.rememberjim.com/chb/4Q06podcast.mp4) will show the huge increase in sales volume compared to 3rd quarter, 2006. With a few exceptions the zip code neighborhoods were up and in some case up BIG. The overall increase from the 3rd to 4th quarter was over 35.5% in total sales going from $2,118,059,477 in the third quarter to $3,284,127,045 in the fourth quarter of 2006.

Almost all of the neighborhoods in our report showed an increase in sales volume with a few exceptions including the Lakeview 60657 multi-unit sales which dropped 68.54% in the fourth quarter down from over $32 million in sales to just over $19 million in the fourth quarter. The Loops 60605 zip code area saw a HUGE 73.72% increase from $42 million to almost $163 million for attached dwellings with 535 units sold with an average market time of only 29 days and a median sales price of $241,000.

This is the kind of information you will find in the report and in our audio podcast. This podcast is available at our website at www.REMEMBERJIM.com or at www.CHICAGOHOMEBUZZ.com. It can also be found at iTunes where you can subscribe and automatically have it downloaded to your computer or ipod or you can subscribe to our RSS feed also available on these sites.

Thanks for your interest and have a great new year!