Tuesday, March 19, 2013

Lincoln Square single family home sales 2013, inventory low

Single family home inventory has been tight in Lincoln Square thus far in 2013.  Newly listed homes have been snapped up pretty fast... especially east of North Western Avenue and south of West Foster Ave.  The last several houses listed under $500,000 (either ideal for a move-in buyer or developer) in this zone have gone under contract immediately.

Lincoln Square single home sales January 1st to March 18th, 2013

14 single family homes have closed this year (March 18th). The median price is about $536,000.  Closed unit sales are down from the 21 homes closed same period of 2012. However, the median price was only about $410,000 for the same period last year. 

The highest sale so far was $1,3675,000 for a unique new construction home at 2104 W Sunnyside. The house features an attached garage fronting the street rather than detached off alley.  The lowest sale has been $190,000 for a very small frame ranch house at 2730 W Berwyn. The house was a foreclosure sale and needed work.

Image from www.wikipedia.org

Lincoln Square Contingent and Pending sales 2013

21 single family homes are currently contingent or pending (under contract).  Amazingly, only 21 homes are currently listed for sale in the large Lincoln Square Community Area. The median asking price for these homes is about $475,000.

We sell a lot of houses in the Lincoln Square area.  Contact me if you are looking for a home in the area.  We may have "pocket listings" or know of homes being rehabbed or built that are not listed.

Stats gathered from MREDLLC.com...all opinions and analysis Eric Rojas, Licensed Real Estate Broker.