February 2016 Market Update for Jefferson Park
There are currently 13 active listings in Jefferson Park. Looks like of those 13, 2 were listed during January. Average CDOM is 172 which tells me several of these have been on the market for some time now. This is normal for the neighborhood though given that so many are new construction and may not go Under Contract until further along in the building process.
Of the active properties, prices range all the way from 435K to 4.2 million. The property that is 4.2 is not normal for this area. Typically, there isn’t too many higher than 800k. This neighborhood that was once a hidden jem has become a hip area which has made it hard to find anything under 400k.
During the month of January only 2 listings sold here compared to December which was 6. This has been a very active neighborhood for months, so a little strange to see only 2 that sold last month.
Of the two listings that sold, one was on the market for 860 days while the other was on the market for 8 da