Third quarter condo sales are significant because its the first three month period of closings free of the Federal first time buyers tax credit incentive. How did our five major condo markets do?
Third quarter 2010 compared to third quarter 2009 (July 1st to September 30th).
Lincoln Park: 180 units sold down from 2009 by -32%. Median price of $392,000 down -2% from 2009.
Lake View: 258 units sold down from 2009 by -32%. Median price of $315,000 up +2% over 2009.
West Town: 163 units sold down from 2009 -44%. Median price $350,000 up +2% over 2009.
Northcenter: 57 units sold down from 2009 -44% . Median price of $355,000 down -3% from 2009
Lincoln Square: 55 units sold down from 2009 -40%. Median price of $165,000 (no typo) down -38% from 2009 (this was affected by busted condo buildings north of Foster Ave in the Lincoln Square community area. The highest condo sale was $498,000 for the 3 month period.)
No comments:
Post a Comment