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1653 W Cortland #2 features a spacious living room leading to 200 sq/ft walk-out private deck. |
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Love, love, love this open airy kitchen and dining areas! |
Since 2005: Where would you like to live?
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1653 W Cortland #2 features a spacious living room leading to 200 sq/ft walk-out private deck. |
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Love, love, love this open airy kitchen and dining areas! |
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Ravenswood Gardens and Ravenswood Manor neighborhoods are popular for their vintage custom homes and leafy riverside location close to CTA Brown Line transportation. |
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Ravenswood Gardens / Ravenswood Manor sales area. |
So far in 2022 only five homes have sold in the Ravenswood Gardens / Ravenswood Manor neighborhoods. About 45 Ravenswood Gardens/ Ravenswood Manor single family homes sold over the past twelve months. The median price of a home sale during that time is about $815,000.
The sun has been shining on home ownership over the last decade |
A recent report by the national Association of Realtors researches shows homeownership brought tremendous wealth gains over the past decade:
"Newer" construction condos and mixed use buildings with popular Bucktown businesses line North Damen Avenue. |
Bucktown sales area |
Bucktown condo sales January 1st to March 11th
58 condos sold so far in 2022 with a median price of $467,500. 75 condos sold in the crazy market of 2021 over the same period with a median price of $480,000.
- 8 one bedroom condos sold with a median price of $250,000
- 24 two bedrooms condos sold with a median price of $410,000
- 25 three bedrooms condos sol with a median price of $607,000
- Only one four bedrooms condo has sold thus far for $660,000
Home Sales This Year
28 single family homes have closed in Lincoln Square from January 1st to March 10th of this year. The median price of a closed home during this time is $784,000. That median price isn't eye popping for the area... BUT 12 of the homes closed sold for over $1M and one home sold for over $2M.
Currently 22 single family homes are under contract with a median asking price of $1.1M (much higher than the $784,000 closed median price so far this year). 13 of the 22 homes under contract are listed over $1M and one is $2.45M.
A two-flat building sits between newly built homes on West Winona of Lincoln Square. The house pictured on the right sits on a 30'x150' lot. |
I know of over a dozen new construction homes in Lincoln Square currently under contract from $1.395M to $2M. Many of these new construction homes under contract are not listed (shown) on the MLS. We'll probably see a record average price and record median price for homes by the end of 2022.
New construction is the name of the game in Chicago (all photos Eric Rojas, Broker, Kale Realty) |
A popular condo conversion in a former church building sits at North Seminary and West Barry in Lakeview (All photos Eric Rojas, Broker, Kale Realty) |
Typical condo construction around Lakeview over the past ten years. |
*The City of Chicago Market Snapshot represents the residential real estate activity within the 77 officially defined Chicago community areas as provided by the Chicago Association of REALTORS®.
It was cold on Evanston's bustling Central Street on Saturday! My partner Bob took the Metra to the Central Street Station and waked to our house showings. Our clients would still like walkable businesses nearby the house. This makes homes near Central Street attractive to them. |
We have a couple groups of clients looking for a single family home in Evanston. Proximity to Metra stations and a good sized yard are priorities for both. In fact, it's the yard size that is pushing them out of the city to Evanston. They both have the budget for a nice house in the Lincoln Square, Chicago area but the yards will be comparatively small. Here's a look at over-all single family home sales over the past few years.
A familiar looking brick bungalow in north Evanston. Our clients are moving from a similar Chicago bungalow! |
Evanston Single Family Home Sales
-38 single family homes have already closed in 2022 (January 1st through February 13th) with a median price of $585,000. Eight of these home sales have been over $1,000,000.
-504 single family homes sold in Evanston in all of 2021. The median price was $630,000. The median price is up about 9% year to year over 2020.
-The highest priced sale in 2021 is 706 Sheridan Road, Evanston IL 60202 for $2,400,000 (I thought there may be a higher priced sale considering the explosion of the high-end market over the last 18 months). Six houses sold for over $2 million.
-The lowest priced single family home sale was $151,500 at 1712 Grey Ave, Evanston IL 60201.
-537 single family homes sold in 2020 with a median price of $580,000. More houses sold in that first and more uncertain pandemic year than the crazy heated 2021. Sales in 2021 reflect low inventory and priced going up (making home buying more competitive). Inventory could not keep up with buyer demand. Four houses sold for $2.5 million or more in 2020.
A typical block of homes near Central Street, Evanston. |