*In Lincoln Park 2010 thus far, 14 "land" deals closed or are under contract. In 2009 10 total land deals closed for the year.
*In Lake View 2010 thus far, 9 land deals closed. In 2009, only 5 land deals closed.
We've been writing all year about the increased amount of land and rehab properties selling this year in many of our core neighborhoods. People are taking advantage of the market conditions to build custom homes. We are also seeing speculation single family homes hitting the market again within a year from the land, tear down or rehab purchase closing.
The numbers above reflect real estate marketed as land in our local MLS. This does not include the many homes marketed as single family home "tear downs" as best use but were not listed in the land category.