Wednesday, April 20, 2011

Underwhelming Lincoln Park single family home sales down 47%

Surprisingly to us anyway, Lincoln Park first quarter 2011 home sales seem a little slow and median price a little low.

Only 17 Lincoln Park single family homes closed in the first three months of 2011 with a median of about $1,150,000. According to Chicago Association of Realtors and our (MLS) statistics, unit sales are down -47% and the median price is down -23% from the same period of 2010.

That said, there are already 43 Lincoln Park single family homes under contract for a median price about $1,300,000. The second quarter of 2010 had only 30 closed single family homes. We could double that this year.

Read more Lincoln Park posts HERE

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