In October 2011, 22 homes sold in Bedford Park, at an average price of $975,465. On average these properties took 12 days to sell and sold at 104% of their listing price. A total of $21,460,227 worth of real estate changed hands on the MLS system in October.
The signs point to a strong seller’s market in Bedford Park. Average selling price is up 30% over this same time last year, homes are selling at 104% of their asking price, and more homes sold this month as compared to last year. Now is a great time to sell in Bedford Park.
This supports the anecdotal evidence from our salespeople that the issue in Bedford Park is a lack of supply, not demand, which we encountered last month as well. Buyers have been facing multiple offers left, right, and centre in Bedford Park because there just aren’t enough properties available.
Provided below are some overview charts of the market activity in Bedford Park since Dec 2009. If you would like to download a report that outlines all of the details (including sold price) of the homes that sold in Bedford Park in October 2011 click here: Bedford Park Real Estate Market Report Oct 2011 Donwload.