Monday, December 30, 2013

Happy New Year to Logan Square: Condo unit sales up 64%

Logan Square Community Area picked up the buzz in 2013.  Did it pick up in condo sales too?  We've been taking a very close look as our new condo listings are set to come on the market.

"Expanding Universe" by sculptor Eric Lindsey now sits on Logan Boulevard near our new listing at 2623 W Logan #1W (photo DEC 2013 Eric Rojas, Real Estate Broker) 

518 attached homes (condos and town houses) have been recorded as sold in our MLS in 2013 (January 1st to December 30th). That crushes the 314 units sold in all of 2012, up 64% year over year.  We still have one more day on Tuesday for closings to increase that total.

The median price for an attached home in Logan Square is around $315,000 for 2013 - up from roughly $243,000 in 2012.

Converted loft condos on North California just south of Milwaukee Ave.  This area near the Blue Line got real hot for bars, condos and modern  new single family homes.
The Bucktown portion of the Logan Square Community area rang up the highest priced closed attached homes at 2138 N Damen.  The three unit new construction boutique building had sales from $1,050,000 to $1,100,000 closed in October. 

51 attached units sold for over $500,000 in all of Logan Square in 2013.  Most of these sales were in the Bucktown region (east of Western Ave and south of Fullerton).

143 attached units sold in the $250,000 to $350,000 price range.  The majority of these were located in the Logan Square and Palmer Square neighborhoods near Blue Line trains, good bus transportation and the hot bars and shops.

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