Albany Park's market is completely insane (WOW)

I happen to have a listing in Albany Park right now. It's a 1 bedroom, 1 bath condo with washer/dryer and an exceptionally well-run association.

ANYWAY - I was doing a check-in with my client about her listing and trying to figure out a strategy for our next steps. Before dropping the price, my client asked me a great question: "Since listing- have there been any one bedrooms that have sold in Albany Park?  If so, at what prince?"

So I looked it up. And here's what I found:

There have been only 2 listings in Albany Park that have moved this year so far. One is pending, the other is closed. Here are the details:

Unit 1: a 1/1 foreclosure that SOLD at $47,000

Unit 2: a 1/1 short sale PENDing at $65,000 list price.

I did NOT expect that! I sell a lot of real estate and keep my finger on the pulse of things. But I was flabbergasted that THIS is all that has moved in one full quarter in Albany Park.

WOW.

Comments

[property in Vietnam]

Wow, that's good news then. Good luck and keep it up! It is good to know that there are still good news about housing these days.