In September 2011, 20 homes sold in Bedford Park, at an average price of $1,209,391. On average these properties took 12 days to sell and sold at 102% of their listing price. A total of $20,587,000 worth of real estate changed hands on the MLS system in September.
The signs point to a strong seller’s market in Bedford Park. Average selling price is up 8% over this same time last year and homes are selling at 102% of their asking price, and are taking fewer days to sell 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 August 2011 click here: Bedford Park Real Estate Market Report Sept 2011 Donwload.