Friday, July 11, 2014

Lincoln Park three bedroom condo sales: Units down, prices UP

We are under contract and in attorney review on a three bedroom condo listing in Lincoln Park.  Let's take a look at how three bedroom condo sales are doing this over-all this year.

The entrance at 1307 W Wrightwood, Wrightwood Crossing in Lincoln Park (Photo Eric Rojas, Broker, Kale Realty)
Three bedroom condo sales in Lincoln Park January 1st to June 30th, 2014

165 attached homes (condos, town houses) listed as three bedrooms have closed from January 1st to June 30th this year. The median price is about $625,000.   In 2013, 186 condo units sold at a median price of $564,000.  2014 is another year of tight inventory and rising prices for the most desirable neighborhoods.

The highest sold condo listed in the MLS was tat the newest luxury building in Lincoln Park. 2550 N Lakeview Avenue Unit C8-13 closed for $3,999,000. The home was listed as 3965 interior sq ft + 758 sq ft terrace.

The lowest recorded sale in the MLS over the same period is 825 W Diversey #2 sold quickly for $286,000 ($1,000 over list price).  The vintage 3 bedroom vintage condo did not include dedicated parking. The busy but great walkable location offers terrific shopping and transportation.

All sales statistics gathered from and analyzed by Eric Rojas, Broker, Kale Realty.  The stats are meant as a guide and are as accurate as possible.

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