Tuesday, June 07, 2016

Lake View condo sales (40 units or less) in 2016

Vintage multi-unit buildings on West Briar Place, Lake View
We have a new East Lake View condo coming to the market this month. Let's take a look at one of the larger condo markets in the city.

Lake View condo sales 2016 (40 or less unit buildings) January 1st to June 3rd, 2016

One bedroom condos: 41 one bedroom units sold thus far in the Lake View community area.  The median price is about $210,000.  21 of those units were listed as having some sort of parking included or for lease.  Surprisingly the median price for those is still about $210,000.  In 2015, 51 units sold over the same period with a median price about $180,000.

Two bedrooms condos: 271 units have sold this year with a median price of $383,500.  255 units sold same period last year with a median price about $379,000.  Prices for this popular segment have been very steady.
Condo buildings line North Halsted Avenue in Lake View
Three bedrooms condos: 187 units have sold with a median price of about $521,000.  177 units sold over the same period last year for a median price of about $511,000.

Four of more bedrooms units: 36 units have sold thus far in 2016 with a median price of $875,000. Last year over the same period 25 units had sold with a median price of about $740,000.

Only one bedroom condos sold less units this year but median prices in all segments are up.


Check out some of our Lake View property videos

No comments: