Monday, May 23, 2016

Lake View single family homes sales: Unit sales and dollars down year to year

A rare East Lake View single family home.  Lake View east of Halsted is mostly multi-unit buildings while west of Halsted Street features the bulk of single family homes in the community area.

First Quarter Lake View Community Area single family home unit sales took a dip in first quarter 2016.  

From January 1st to March 31st this year 21 single family home units sold with a median price of $1,120,000.  Unit sales are down about 27% same period 2015.  

Sales dollar volume is down about 38% over first quarter. In Q1 2015 $42,314,735 changed hands in transactions over the first three months of the year. In 2016, just $26,421,200 smackers were spent on single family homes.

All photos Eric Rojas, Broker, Kale Realty

Median price also dipped.  This is surprising as re-sale and new home construction has been on a positive six year run. 2015 median price was $1,310,000 while 2016 landed about $1,120,000. 

Fun stats!
The highest sale in first quarter 2016 is $2,970,000 at 1430 W Melrose St, Chicago, Illinois 60657.  The new construction six bedrooms home is built on a 33'x125' lot in Burley School district.

The lowest priced Lake View single family home sale in first quarter is 3350 N Marshfield Ave , Chicago, Illinois 60657 for $505,000.  The two bedroom house on a small lot is fully renovated featuring attractive interior finishes.

All stats gathered from and interpreted by Eric Rojas, Broker, Kale Realty

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