Thursday, October 15, 2015

Good views for North Park single family home sales, unit sales up 48%

Northwestern views over the North Park community area from the (most likely) tallest building in the neighborhood.  Taken from the 8th floor of 5125 N California (Swedish Covenant's newer construction medical building) it's nothing but three stories or less until Evanston.  Chicago really flattens out east of Broadway!

North Park home sales 
71 single family homes have closed thus far in 2015 (January 1st through October 10th). This is a 48% increase in unit sales over same period 2104.  This is a nice jump from unit sales that averaged about 45 units over the past 4 years.  The median price of a house is about $315,000, up over the $280,000 from 2014. It's still a nice value for a North Side neighborhood not too, too far from the action.
Pockets of North Park feature attractive custom brick homes. Photo Eric Rojas, Broker, Kale Realty
The highest priced sold house so far is 5435 N Kildare Ave, Chicago, Illinois 60630 for $710,000.  Incidentally, we were involved in a multiple offer for that house in the unique sub-division of "Sauganash Woods" near North Park Village Nature Center.  The large home with finished attic space was built around 1995. The lowest priced home sale is 3601 W Foster Ave , Chicago, Illinois 60625 for $202,000 cash.  The foreclosure sale is located on a busy street and needed extensive renovation.

Only 48 North Park homes sold over the same period of 2014 with a median price of $280,000.
50 homes sold same period 2013 with a median price of $270,000.
2012 had 45 homes sell for about $235,000 median price.
2011 had 40 homes sold for a median about $279,000.

No comments: