Thursday, March 08, 2012

Lincoln Square single family home sales: Rehab projects popular

With several clients either selling their homes or looking to buy houses in the Lincoln Square, I thought we'd take a look at house sales. Traditionally, the first couple months of the year are really slow for the number of homes actually closing.

Classic Lincoln Square house...this would sell well over the median! Photo Eric Rojas

13 Lincoln Square Community Area single family homes closed in the first two months of 2012. The median price was about $375,000. 6 of these homes were sold west of Western Avenue and north of Lawrence Avenue which make up the lower half of pricing. 9 of the sold homes need substantial renovation (or tear down) which speaks to the trend of increased rehab and new construction homes in the area.

In the first two months of 2011, 10 homes closed with a median price of about $450,000. The vast majority of these homes were of move-in or higher (even luxury) quality.

More Lincoln Square posts HERE

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