Wednesday, August 03, 2011

2011 Wicker Park, Bucktown duplex condo sales up (a little), median -12%

Check out our Wicker Park duplex with garage parking and HUGE deck at 1250 N Wolcott $409,000!

We watch the Wicker Park and Bucktown markets in the West Town community area for our clients closely. Here's a look at duplex home sales this year in Wicker Park and Bucktown. Duplex condo homes are preferred by some as they may offer more privacy with separate levels and, in most cases, offer more square footage.

For the greater Wicker Park, Bucktown boundaries we're using 1000-2000 North and 1600-2400 West. Most of our buyers looking in these neighborhoods want to be within this "square".

57 duplex condos sold in Wicker Park, Bucktown in the first 7 months of 2011 (January through July). This was up 3 units over same period in 2010. The median price was about $400,000. This was down about $57,000 (-12%) from same period 2010. All the units were a minimum of two bedrooms and two baths.

The highest sale was $1,575,000 for a 4 bedrooms, 3.5 baths contemporary penthouse in Bucktown built in 2008. The three unit building has one other residential unit and one retail unit on the ground floor. This about tripled the second highest closing of $550,000.

The lowest duplex sold was $259,000 for a 3 bedrooms, 2.5 baths bank owned newer construction unit at busy Armitage near Milwaukee.

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