Monday, April 28, 2014

East Lakeview condo sales Q1, 2014: Higher median price

Mista Pizza on Broadway in East Lakeview (Photo Eric Rojas, Broker, Kale Realty).
The hustle and bustle of Chicago's East Lakeview community makes for a dynamic housing market as well.  Let's take a look at first quarter condo sales in 2014.

Lakeview Condo Sales Jan 1st - March 31st, 2014
Overall, 135 attached units (condo, town house) have sold from January 1st to March 31st in the East Lakeview neighborhood.  The median price of sold condos is about $245,000.  During the same period of 2013, 153 condos closed with a median price of about $199,000.

The small dip in unit sales most likely is due to rising prices and less short sales and foreclosures being cleared out.  The lack of "super deals" in smaller condos has sobered up the market while larger attached homes remain hot.

East Lakeview sales area *No boats included!
Fun Facts
  • The highest condo sale was 2919 N Burling Unit J for $885,000. The 3 bedrooms, 2800 sq/ft penthouse featured attached garage parking and roof top deck on a fantastic block
  • There were 51 condos sold at $200,000 and under.  Many of these units are one bedroom units in high- rise buildings.
  • 37 East Lakeview and short-sales and foreclosures were listed as sold in first quarter 2013Only 16 short sales and foreclosures were listed as sold in first quarter of this year.

Sales statistics from gathered and analyzed by Eric Rojas, Broker, Kale Realty. Source:

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