Thursday, January 26, 2017

Roscoe Village three bedroom condo unit sales up 32% in 2016

We viewed a top floor re-sale unit last week listed for $550,000 on the 2100 block of West Roscoe. The unit had multiple offers in the first couple days on the market
We've been back in my old hood with clients looking for a three bedrooms condo in Roscoe Village.  These particular buyers would like a unit with all the fixings; parking, large deck, two bathrooms, newer construction etc... That all comes at a price in one the North Side's most popular neighborhoods.

The Roscoe Village sales area includes Ashland to Western and Addison to Belmont. The area has great CTA Brown Line access, fantastic bars, restaurants and independent shops and services all steps away from the dynamic housing options.
 Roscoe Village Condo Unit Sales 2016
About 93 Roscoe Village three bedrooms condo units (attached units including town houses) sold in 2016.  The median price for a unit over 2016 was about $515,000.  Unit sales are up about 32% over 2015 and median price is up about $10,000 year to year.
The famous Roscoe Village kiosk is a remnant from more humble times in my old neighborhood.
Past three bedrooms unit sales
In 2015, 70 units sold for a median price of about $505,000.
2014, 60 units sold with a median price of about $465,000
2013, 66 units sold with a median price of about $430,000
2012, about 41 units closed with a median price of $400,000.

We've already seen Roscoe Village condos list and sell quickly in this mild January Weather in 2017.  We expect new listing inventory to take a big jump this spring after a relatively slow fall market abbreviated by the Cub's World Series run and presidential election.

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