|Giddings Square. Photo, Eric Rojas Broker|
6 homes sold for over $1 million in 2012 and 2011. 2 homes are currently under contract for over $1 million.
The good, the bad and the ugly
The highest sale in 2012 was 2019 W Giddings for $1.795 million...a new construction Landrosh built home on a 37' wide lot. The location is close to the Damen Brown Line, the Ravenswood Metra stop and Giddings Square...the mecca of Lincoln Square shopping and community.
The lowest sale was 2249 W Farragut sold for $140,000 cash in the Bowmanville neighborhood of Lincoln Square. This was a small, corporate owned bungalow built on the rear of the lot and a great deal for this desirable block with many rehabs and new construction homes over the years. My guess is this will be a tear down for a custom house for the owner of the property or for a developer to build and sell retail.
15 of the 97 closed homes were distressed sales (either short-sale or foreclosure). That's actually 4 more - and a higher percentage of distressed sales - over the same period in 2011. I think this is an indication that banks are getting short sale and foreclosure sales done faster rather than any destabilization in housing prices.
|Lincoln Square new construction and renovated houses sold well in 2012.|