Eric Rojas, Chicago Real Estate Broker

Promote Your Page Too

Friday, September 06, 2013

Lakeview town house sales steady, prices up $35,000

The town house market has been very competitive in several of our key neighborhoods.  We've been involved in many Lakeview town house transactions, offers and showings over the years. "Town house" is a description of a condo or fee-simple property that is attached on the side, but has no neighboring unit above or below it.  Let's look at over-all town house sales recorded in the MLS for 2013 for this large and diverse Chicago Community Area.

Lakeview Townhouse sales January 1st to September 5th, 2013

78 town house sales have been recorded in our member MLS this year.  78 units also closed over the same period in 2012.  The median price is up a healthy $35,000 over 2012 at $490,00. The good market helped bring quality properties to sale.  The median price on town houses for this period year to year went up for the first time since 2008.

The highest town house closing is at 3842 N Southport Unit K for $805,000.  The home is in a newer construction town house community adjacent to popular Blaine school. The lowest priced sale was 1702 W Belle Plaine for $192,000.  Before you get too excited, the three bedrooms, one bath home was built in the 1950s, had no designated parking and needed complete renovation.

Town house sales 2008-2013 over January 1st to September 5th
2013:  78 units sold, median price $490,000
2012:  78 units sold, median price $455,000
2011:  61 units sold, median price $458,000
2010:  80 units sold, median price $470,000
2009:  68 units sold, median price $480,000
2008:  76 units sold, median price $495,000

Under Contract Now

As of this writing, 14 town house properties are under contract priced from $350,000 to $750,000.
21 town homes are listed actively for sale now from $375,000 to $799,000.

No comments: