Friday, October 19, 2012

Wicker Park condo sales UP 32% over last year

Wicker Park is cool.  It's also a neighborhood to find vintage, traditional, transitional, loft and ultra modern style condos.  Not every neighborhood can offer such variety of housing amongst both urban grit and post-hipster paradise. I expand the southern border of Wicker Park a bit to include 900 North to 1500 North and 1600 West to 2400 West.
The official neighborhood boundary is Division on the south, but I extend it as sales just south of Division are highly due to the Wicker Park neighborhood and gravity of Division Street restaurants and bars.

Wicker Park condo sales January 1st to October 18th, 2012
There have been 201 condos closed this year in the Wicker Park neighborhood of West Town. This is up 32% over the 158 sold same period in 2011.   The median price for the sold condos is about $373,000. 

The highest condo sale for 2012 was at 1622 W Julian for $695,575 ...a new construction duplex penthouse with full roof top deck.  Bringing up the rear was 1349 N Western... a 2004 construction 2 beds, 2 baths (with parking) foreclosure sale for $150,000.  A pretty good deal even with some condo association issues and deferred maintenance.

Two beds, two baths condos with parking
About 45 two beds, two baths condos with parking included sold with a median price of about $330,000. 

Three beds or more, two baths or more with parking
More popular were three beds+ units.  About 75 of these condos sold (including townhouse style) with a median price about $455,000.

Sales gathered and analyzed from by Eric Rojas, Real Estate Broker