From the field: They loaded up the truck and moved to Beverly (Chicago, that is)

2003 W 103rd St, Chicago

A Realtor who keeps an eye on these kinds of things mentioned to me yesterday that he saw “a surprising amount” of activity in the Far South neighborhood of Beverly in the weeks leading up to the federal tax credit deadline. “Buyers seemed more interested in Beverly and Morgan Park than I’ve seen in the past,” he said. (Whether those buyers were hillbillies, millionaires, or both is anyone’s guess.)

Following our conversation, I looked at some past sales data to see what’s moved down in Beverly over the past three months. Redfin shows 54 closed homes, most single-families, between February 18 and last Monday, going at a median price of $230,000. That amounts to about 30 percent of all sales Redfin recorded in Beverly over the past 12 months.

Turning to current listings, it looks like the “average” home for sale (if there is such a thing) would be a four-bedroom / three-bath single-family priced a little over $300,000. The closest thing I could find to that in a single listing was the 2,000 square-foot. four-bedroom / 2.5-bath, Colonial-style home at 2003 W 103rd St (above), listed for $314,900, or about $157 a square foot. As Coldwell Banker agent Kent Magnuson notes in his listing, the home has a prime location “on the hill,” referring to the hill west of Longwood Drive, the snaky street that forms the backbone of Beverly.

Using Coldwell Banker‘s search, I found another 18 homes listed for rent in the 60643 and 60655 ZIP codes, ranging from an 800 square-foot condo priced at $800 a month to a four-bedroom / 2.5-bath single-family listed at $2,500 a month.

Any Beverly residents or other Realtors out there seeing this activity up close?

(Visited 166 times, 1 visits today)