Thursday, October 29, 2015

Lincoln Square single family home sales up BIG 44% as of October 2015

Are Lincoln Square single family home sales still hot?  Things slow down? Prices are way up from 3 years ago but how are unit sales?
Houses on the 5000 block of North Oakley (Photo Eric Rojas, Broker, Kale Realty)

Lincoln Square Single Family Home Sales January 1st to October 28th, 2015
111 single family homes are recorded as closed in (our member MLS). That's up 44% over last year. The median price of a sold house is about $695,000.   77 homes closed in 2014 over the same period with a median price about $640,000. The higher median price in 2015 reflects some very high-end new construction and re-sales that came to market this year pushing comparable prices higher. Still hot!

The highest sold house is  2026 W Wilson Ave , Chicago, Illinois 60625 for $2,922,000. The luxury new construction is built on a triple wide 75'x122' lot in the epicenter of Lincoln Square a stone's throw from Lycee Francais Chicago.  Can you say "Sport court" in the back yard!

The lowest priced sold home is 2317 West Foster for $225,000 cash.  The small foreclosure house is on busy West Foster but still a pretty good location close enough to the action. At the $225,000 price this could be a three unit condo development. Many existing and new development condo buildings line this couple blocks of West Foster.

September and October of 2015 have been a little more active than last year.  12 homes closed in the month of September and 6 so far this October (with maybe a closing or two tomorrow, Friday).   7 homes closed in September 2014 and 5 homes in October 2014.  

All stats pulled from and public records and presented by Eric Rojas, Broker, Kale Realty

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