Sunday, March 13, 2016

A look at Edgewater condo sales (non high-rise), median prices up year over year

I visited a client this morning to discuss selling their Edgewater condo of eight years. Time to move to the burbs. It's in a great location very close to Foster beach and the Bryn Mawr CTA Red Line stop.  Let's take a look at over-all Edgewater community area condo sales (40 unit buildings or less) for 2015 and early on this year.

Edgewater condo sales 2015 and 2016 (40 unit buildings and under)
(342) attached units sold in Edgewater over 2015 with a median sales price of $259,900.  That's a good jump over the (297) units sold over 2014 (median price was $238,000).  In 2013, (297) units also sold for a median price of about $221,000.

The ubiquitous two beds, two baths unit saw 214 units sold over 2015 with a median price of $254,000.
Edgewater just west of the lakefront is home to many brick and grey stone multi-unit buildings.
Thus far in 2016 (18) attached condo units have sold with a median price of about $260,000

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