Sunday, January 25, 2009

Lincoln Park Single Family Homes: Fourth Quarter Median Prices Up, Unit Sales Steady

These guys are looking for a $900,000 house in Lincoln Park... they've been looking awhile.

I've been researching Lincoln Park homes and hosted an open house today near Janssen and Fullerton. A look at the median price for the fourth quarter shows the median sales price for single family homes was up 3% to $1,727,820 from $1,683,173.

Most interesting is, while many neighborhoods experienced sharp declines in unit sales, Lincoln Parker's bought and sold 33 homes in the fourth quarter of 2008, 35 in 2007 and 35 in 2006. The statistics are compiled by the Chicago Association of Realtors.

My concern right now is looking for a true three bedroom single family home under $900,000 in Lincoln Park that is move in ready for a family of four. It has to have a minimum of three bathrooms and a yard for the kids.

A quick look at the MLS shows only three options that might work with these specific requirements.
More Lincoln Park information, home tours and market statistics here!

No comments: