Condo median price UP in tight Lake View market

 

The front entrance at 450 W Briar condo building in Lake View. New listing inventory has been low while condo sales prices ticked up in July.  All photos Eric Rojas, Broker, Kale Realty.

We have several clients actively looking for a condo or townhouse in Lake View. The Lake View community area may be the largest condo market in Chicago. The numbers in Lake View are a bellwether for popular North Side neighborhood sales. 2023 has been the year of low inventory yet strong sale prices for many of our most desirable Chicago neighborhood markets. Lake View is no exception and has been a challenging buyer market for our clients.

Statistics compiled from the Chicago Association of Realtors chicagorealtor.com

 

2023 Lake View condo sales (attached and townhouse units)

July new listings were down -30.5% and closed sales were down -11.7% for the same month in 2022. Despite high mortgage interest rates and a slower market median price for a sold condo in July was up +6.6%. Most condos sold for at the list price or over! 

Lake View condo sales year to date (January 1st through July 30th) are down -37.6% from 2022.  Median price has managed to push up +1.5%  year over year.

Contact: Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com

Evanston home sales this year: Fewer listings, prices up year over year

Most years we have clients considering a move to Evanston.  Single family home inventory seems tighter than ever this year.  The number of unit sales is down 20% year to year.

Evanston homes near the lakefront (all photos Eric Rojas, Broker, Kale Realty)

-As of today only six homes are NEWLY listed in the past seven days. 

-33 more homes remain actively on the market (listed for mor than a week without contract). The median price of an Evanston single family home currently offered for sale is about $685,000.

-7 homes are listed on our Broker MLS Privet Listing Network with  median price of about $899,900.

-233 single family homes closed this year (January 1st to August 11th) with a median price of about $720,000. Over the same period last year 290 listings closed with a median price about $700,000.  

Contact: Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com

Kale Realty sponsors 3rd Annual Amundsen Homecoming Golf Classic

Having a blast at last year's Amundsen High School Homecoming Golf Classic  hosted at Sydney R. Marovitz Golf Course  

I'm sponsoring the 3rd Annual Amundsen Homecoming Golf Classic for my third year! The event takes place Sunday, September 17th Sign-up, play or sponsor HERE

Amundsen High School in Lincoln Square/ Ravenswood is arguably the best academic and athletic neighborhood high school in Chicago. It's no secret that great schools help your property values. Supporting your Chicago Public Schools neighborhood school is as good as a hole-in-one!

Eric Rojas, Chicago Real Estate Broker and Kale Realty have been proud contributors to Amundsen High School for over ten years. The teachers, administrators, coaches and staff have been supportive of my kids and those of our friends. We are thankful to have their hard work and dedication.

Contact: Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com

Listing photo of the day

Actual listing photo of a home listed in Chicago. I'm not sure what I'm learning about the house but they certainly get an "A" for effort! (photo MREDLLC.com)

Only 3.63 NEW single family home listings per Chicago Community Area

Chicago new listings are low (duh!).  As of today there are 280 single Chicago family homes listed as NEW across all 77 Chicago Community Areas. That's only 3.63 NEW listings per Community Area🤯 

Ravenswood Manor single family homes (all photos Eric Rojas, Broker, Kale Realty).

A new listing is a home listed on MLS within the past seven days.  Couple low inventory with the fact many of these new listings are re-treads of homes already on the MLS (cancelled or expired listings brought back as NEW).  We have our eyes peeled every day for the very few NEW opportunities that hit the open market and private market. 

Contact: Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

Office 312-602-3367

erojas@kalerealty.com