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Condo selling below 1999 price in downtown Deerfield

Joe Zekas

20 years on the North Shore without going native.

Virtually every piece of property sells, sooner or later. Sooner or later, the common mantra you see in real estate listings - "hurry, won't last"- comes true for almost every property.

Unit 132, at 1015 Deerfield Rd in Deerfield, is on day 237 of its "hurry won't last" phase.

The 2-bedroom, 2-bath condo across the road from Maplewood Park and a few short blocks from the Metra station, is currently priced at $125,000 - just below the $127,000 it sold for in 1999.

A quick scan of condo units for sale within a block of this seems to indicate that the units have quite a lot of staying power. A block to the east, at Deerfield Gardens, 4 units in a small complex are listed as short sales, and have been on the market for 117 to 382 days.

At a 16-unit complex half a block west, one unit has been on the market for 377 days, and another for 1,012 days.

The "hurry won't last" clock is ticking relentlessly on all of these units. And, as a real estate agent once doubtless said to Rip Van Winkle, "if you snooze, you lose."



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