|The Orchard condo homes in Lincoln Park are taking full shape as part of the Lincoln Common development. 32 units are advertised starting around $1.5 million.|
April was the first full calendar month of sales since the Illinois stay-at-home order took effect.
April condo closings in Lincoln Park were down 28%. 111 condo units closed April 2020. 154 units closed April of 2019. For some perspective:
- April Lakeview condo closings were down 6%.
- Near North April condo sales were down 40%.
- Lincoln Square had 34 condo closings in both April 2019 and 2020.
- North Center had the same amount of April closings with 42 units closed in both 2019 and 2020.
We've been busy in Lincoln Park over the First Quarter of 2020. Lately we have been doing showings for an out of state client that needs to move to Chicago. We've conducted video walk-through tours (with my commentary) to the enjoyment of our buyers. A couple condos we showed near the end of April sold within the first couple weeks of listing on the market. Some folks are taking advantage of low mortgage interest rates and better values than they would have found in the beginning of the year.