Thursday, June 10, 2010

Lincoln Park ain't Kansas! New construction at Oz Park

Dorothy and Toto at Oz Park look on to their modern new construction home in Lincoln Park.

Upper bracket homes that are two million plus seem to being built and or sold at at better pace this year in greater Lincoln Park. This custom home at West Webster and North Orchard has a front seat view of Oz Park. Just steps northwest of the play lot, it's a nanny's dream!

This custom build above doesn't tease us with an offer price as it's not for speculation. On the south side of the park on North Howe Street we see another new construction home being completed (below). I don't see an asking price, but a similar new construction home next door sold for $3,300,000 last year.

A look at our multiple listing service closings shows 38 Lincoln Park single family homes sold for over two million dollars in 2009. The highest pricedBold closing being $5,600,000.

So far in 2010 , there are 27 single family homes closed or under contract. The highest priced home under contract is currently at $8,500,000. At this pace, 2010 should surpass 2009 handily in the upper bracket market.

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