|New construction condos along West Addison Street in Southport Corridor, Lakeview (photo Eric Rojas)|
Lakeview Condo Sales (attached homes including town houses) Jan 1st to Feb 26th, 2013
161 condos/ attached homes have closed this year (Jan 1st to Feb 27th). This is up 46% over the 110 sold condos over the same period in 2012. The median price for an attached home in Lakeview this year is $285,000.
The highest sale so far is 340 West Barry Unit C for $965,000... a three bedrooms, two baths full floor condo in a converted mansion. This location at West Barry and North Lake Shore Drive West is one of my favorites in the city!
|West Barry and North Lake Shore Drive West in Lakeview (Google Maps image)|
You can see the last boom in 2008 prior to the financial crash. Then you see a little bump in 2010 helped by Federal stimulus. The latest boom is fueled by pent-up demand for those with cash, lower list prices and low mortgage interest rates.
(Jan 1st to Feb 27th)
2013 161 units
2012 110 units
2011 98 units
2010 101 (affected by FED First Time Buyer stimulus)
2009 89 units
2008 151 units
|Sold out new construction condos built in 2012 at North Racine and West Cornelia, Lakeview (photo Eric Rojas)|