Tuesday, June 22, 2010

Statistics: Lincoln Park condo sales increase for 2010 second quarter

Lincoln Park 2010 second quarter attached home sales will see an increase compared to 2009... but may not be as dramatic as one might venture. 220 attached homes have already closed with eight days left in the quarter. There are 167 attached homes under contract. When all the closings are in by the original June 30th deadline (with many delayed due to lenders backlogs) we may see a 25% gain in unit sales over the 236 closed in 2009.

Lincoln Park sellers were less motivated to sell than surrounding neighborhoods

Other Lincoln Park notes:
The lowest sale was a foreclosure for $100,100 at 200 N Lincoln Park West (a studio condo).

The highest sale was $2,600,000.00 at 2120 N Lincoln Park West #8 (a three beds three-and-one half bath with family room, office large terraces etc...).

The second highest sale was for $1,955,000 at 2340 N Lincoln Park West #501(Four bedrooms, family room, four plus baths).

12 Lincoln Park closings (5%) were distressed properties (foreclosure or short-sale). Most of those were priced well under $125,000.

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