Are
Lincoln Square single family home sales still hot? Things slow down? Prices are way up from 3 years ago but how are unit sales?
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Houses on the 5000 block of North Oakley (Photo Eric Rojas, Broker, Kale Realty) |
Lincoln Square Single Family Home Sales January 1st to October 28th, 2015
111 single family homes are recorded as closed in MREDLLC.com (our member MLS). That's up 44% over last year. The median price of a sold house is about $695,000.
77 homes closed in 2014 over the same period with a median price about $640,000. The higher median price in 2015 reflects some very high-end new construction and re-sales that came to market this year pushing comparable prices higher.
Still hot!
The highest sold house is 2026 W Wilson Ave , Chicago, Illinois 60625 for $2,922,000. The luxury new construction is built on a triple wide 75'x122' lot in the epicenter of Lincoln Square a stone's throw from
Lycee Francais Chicago. Can you say "Sport court" in the back yard!
The lowest priced sold home is 2317 West Foster for $225,000 cash. The small foreclosure house is on busy West Foster but still a pretty good location close enough to the action. At the $225,000 price this could be a three unit condo development. Many existing and new development condo buildings line this couple blocks of West Foster.
September and October of 2015 have been a little more active than last year. 12 homes closed in the month of September and 6 so far this October (with maybe a closing or two tomorrow, Friday). 7 homes closed in September 2014 and 5 homes in October 2014.
All stats pulled from MREDLLC.com and public records and presented by Eric Rojas, Broker, Kale Realty