Monday, February 19, 2018

Ravenswood Gardens and Ravenswood Manor staggering home sale prices

Many charming brick homes line West Wilson Avenue in Ravenswood Gardens and Ravenswood Manor. All photos Eric Rojas, Broker, kale Realty.
We have several clients aggressively looking for a house in the Lincoln Square area.  This includes Ravenswood Gardens and Ravenswood Manor (the Manor is technically in Albany Park but it is associated with Lincoln Square as well). A few houses have come on and sold really quickly in these neighborhoods this February.

Ravenswood Gradens is a popular Lincoln Square neighborhood west of Western Avenue and East of the river.
Single family home sales in Ravenswood Gardens
13 single family homes closed over 2017 in the Ravenswood Garden neighbor with a bonkers median sales price of $1,050,000.   11 homes sold over 2016 with a median price of $655,000.  Even in high flying 2007 before the financial crash six homes had closed for a median price of $700,000.  Seven homes sold for over one million dollars.  The highest prices sale was a full gut renovation at 2451 W Eastwood Ave, Chicago, IL 60625 for $1,115,000.

Six Ravenswood Gardens homes are currently under contract with three of those selling within a week from listing. 

Ravenswood Manor neighborhood of Albany Park
Ravenswood Manor single family home sales
20 single family homes sold over 2017 with a median price of about $650,000.  The Manor price appears much lower than their near neighbors to the east.  But one story charming brick homes can catch up to $875,000.  That's right... no second story.  In 2016, 28 homes sold with a median price of $575,000.  In 2007 before the crash 22 houses closed with a median price of $547,000.

There are pockets of older frame houses that are a little cheaper near the fringes of North Kedzie, West Montrose and West Lawrence that keep the median price down. One controversy brewing in the neighborhood is proliferation of new construction homes in this designated Historic District.  

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