Bedford Park Market Update - Spring 2009

April 2009

Business is booming again in Bedford Park. Sales were up a whopping +34% in May vs. May 2008. Prices are still catching up, down -6% vs. last year, but it won't take long for things to turn around if sales continue to stay strong. The average sold price as a percentage of list is also improving, up to 98% vs. the 96% we saw in March and April. Days on the market also continues to improve vs. the last 6 months, down to 31 days from the peak 47 days in December. No doubt about it, Bedford Park homes are in demand.

March 2009

Sales in the Bedford Park neighborhood showed improvement this month vs. the past several months, down by -5% vs. March 2009. Prices were up a strong +15%.

Average days on the market in Bedford Park was up 56% to 39 days, from the 25 days we saw in March 2008. This is however an improvement over the past several months, where days on the market was as high as 47. The average sold price as a percent of list has gone from 99% to 106%.