|Walking along North Dearborn in Gold Coast last weekend (Photo Eric Rojas, Broker, Kale Realty)|
Gold Coast Single Family Home Sales 2014 (including row houses)
7 Gold Coast single family homes have closed in 2014. This is a pretty good number of transactions for the relatively small number of available homes in the neighborhood.
The highest sale just closed in May for $5,875,000 at coveted 1207 N Astor Street (asking price). The classic estate on a 27 wide lot was bought in 2010 for $3,750,00 and has been fully renovated.
The lowest single family dwelling sale this year in Gold Coast is 1234 N State Street for $1,750,000. The surprisingly spacious "1886" row house was advertised as needing updates and modernization.
|YOU ARE HERE Mariano Park (photo Eric Rojas, Broker, Kale Realty)|
A surprisingly large number of Gold Coast single family home dwellings are offered for sale. 27 homes are currently marketed for sale from $1,699,000 to $15,000,000. Yes, 15 million. Only four offerings are priced under $2 million.
The hot Chicago single family home market on the North Side and retiring Baby Boomer generation may have a lot to do with the good number of Gold Coast listings.
Yet, only two homes are currently under contract. 59 West Schiller is under contract listed at $2,800,000 and 43 E Division is under contract listed at $4,500,000.
All stats gathered from MREDLLC.com and interpreted by Eric Rojas, Broker, Kale Realty