Wednesday, January 22, 2014

Lincoln Park snowy house sales

A spectacular double-lot Lincoln Park home at the 2200 block of North Orchard steps from Oz Park (not for sale). Photo Eric Rojas, Broker Kale Realty
We were out over the weekend (during another snow event) looking at Lincoln Park single family homes. Only three Lincoln Park homes have closed in January thus far. 


2329 N Greenview closed for $905,000, 2517 N Bosworth closed for $1,360,000 and 2250 N Janssen for $2,430,000.  All homes went under contract at the end of 2013.  The low amount of house closings this January reflects low inventory for market price single family homes at the end of last year.

Winter wonderland on North Orchard in Lincoln Park (not for sale). Photo Eric Rojas, Broker Kale Realty
Under Contract
25 homes are currently under contract with a median asking price about $1,800,000. High end homes look to be doing very well.  Two new construction homes are under contract for over $5 million and $6 million respectively.  Three homes are under contract for over $4 million and four more homes are under contract for over $3 million.

A gorgeous expanded brick cottage on a wide lot located at the 2300 block of North Geneva in Lincoln Park (not for sale).  Photo Eric Rojas, Broker Kale Realty

Currently offered for sale
54 homes are currently listed for sale in Lincoln Park. The architectural styles, features and lot sizes of Lincoln park homes vary greatly.   Of those for sale, only one two bedroom house is offered for under $1 million dollars.  The median price of homes offered is about $2.5 million.
 

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