Friday, November 16, 2012

Lincoln Park three bedroom condos (attached home) sales UP 35% in 2012

It's been a robust year for condo sales in Lincoln Park this year.  Several of our recent clients have bought or would like to find a three bedroom condo or town house in this most desirable of neighborhoods.  It's also the season where a good number of sellers are contacting us with an eye on listing now, or, next year. Let's see what sales and prices look like this year for three bedroom attached homes (including town house style) in Lincoln Park.
Photo Eric Rojas, Real Estate Broker
Lincoln Park Three Bedroom Attached Home Sales 
January 1st-November 14th

257 attached three bedroom attached homes sold from January 1st to November 14th of this year.  That's way up 35% from the 190 sold in the same period last year  The median price was about $535,000.  This includes a very diverse range of properties...from high-rise to town house.

Three bedroom, two baths sales

76 of the sold units in 2012 so far were three bedrooms and two baths. That's up from 60 sold same time last year. The median price for the this very popular search request is about $435,000, down from $475,000 same period last year.  The $435,000 median looks like deals were better this year. However, we've noticed a lot of higher assessment units selling (loft and high-rise units) which may reflect lower asking prices but also higher maintenance fees that increase cost of ownership.

Town Houses
We represented the town house sale of 1827 N Sheffield early this year (photo Eric Rojas)

93 town house style units with three bedrooms sold from January 1st to November 14th this year.  This may be a bit high as several units listed in the MLS have a den or family room counted at the 3rd bedroom (not a true 3rd bedroom).  Nevertheless , that's way up from the 66 three bedroom units sold same time last year.  The median price for a three bedroom town house style unit is about $525,000 this year.

More Lincoln Park HERE