Tuesday, January 29, 2013

Lincoln Park to Lincoln Square: 97 homes under contract, 165 for sale in our 5 key North Side neighborhoods

We search for single family homes everyday in the popular North Side Community Areas of Lincoln Park, Lakeview, North Center, Lincoln Square and Uptown for our current clients (these Community Area are basically all adjacent heading south to north).  This morning (for fun) I took a look at the total number of homes for sale and total number of homes under contract in these 5 Community Areas. Enjoy.
333 W Barry in Lakeview shown here was under contract last fall asking $3.45 million. The home came back on the market and then the listing was cancelled prior to the New Year (Photo Eric Rojas, Broker).

Under Contract Now
On the MLS (MREDLLC.com) today there are 97 homes either contingent or pending closing (under contract).  One was just put under contract as I'm writing. 

The median asking price of under contract homes is about $945,000.  17 of the 96 homes under contract (18%) are listed at $500,000 or under.

For Sale Now
There are 165 homes listed for sale in these 5 Community Areas.  Only 15 of the 165 homes (9%) are listed for under $500,000. The median price for the listed single family homes in the combined 5 areas is about $1.3 million dollars.  110 of the 165 homes listed for sale (67%) are asking over $1 million.

Highest and Lowest
The highest priced  listing is 1866 N Howe in Lincoln Park asking $10,000,000 for the triple lot, 6 bedroom property including a full lot side yard (3 city lots total).  The lowest priced listing is 5003 N Western Avenue in Lincoln Square asking $189,000.  This small frame home on the busy 4 way street was picked up in foreclosure and now is being re-sold.