Thursday, June 14, 2018

Under contract! Avondale condo near hip restaurants, transportation (condo unit sales way up)

3234 N California #2S is listed at $339,000.  Our clients are under contract and in attorney review period.
Avondale has become a very popular area to live as bars, restaurants, retail and transportation options meet the needs and wants of buyers.  The condo market is tight!  There are simply few condos in the neighborhood relative to eastern neighborhoods like Lake View and Edgewater.  You have to act fast when a good value is listed on the market.

The group of sharp, newer condo buildings line California near Cafe Tola and Honeybutter Fried Chicken.  This section of Avondale is centrally located close to Roscoe Village (North Center) and Logan Square hot spots.
Our buyer clients need access to the highway and the CTA Blue Line.  Avondale is a great fit.  We found the two beds, two baths condo market very competitive.  When an upgraded newer unit hit the market we were one of the first to see it. Our clients secured the contract that evening.  They have completed attorney review and we are awaiting closing.

Views of Brands Park right off the back deck and roof! Awesome for some tennis, softball, basketball, kids/adult activities, exercise and dog walking!  Personally, I make living by a large city park a priority.
Avondale condo sales

102 condos (attached units) have sold thus far in 2018.  The median price is $350,000.  The highest priced sold condo this year is 3035 W Belmont Unit 1E, Chicago IL 60618 for $606,000.  The new construction duplex down is very close to the CTA Belmont Blue Line stop.  The lowest priced sold condo is 4010 W Nelson, Unit 10A, Chicago IL 60641 for $100K. The vintage two bedrooms conversion condo sold as a short sale.

In 2017, 84 condos sold with a median price of $312,000.  In 2016, only 66 condo units sold with a median price of $259,000.  Avondale median price of a condo is up 35% since 2016!

Looking back at 2012, 50 condos units sold with a median price of $118,000.

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