REAL ESTATE NEWS
YOU CAN USE BROUGHT TO YOU BY
MEREDITH MANNI MESEROW
312.893.3554 | MMeserow@KoenigRubloff.com MeredithMeserow.KoenigRubloff.com
February 22, 2017 Dear Friends and Clients, Overall, January 2017 was a month of increased activity, compared to January 2016. Total home sales were generally up 3-5% (and over 10% in Lake View) with the exception of Lincoln Park singlefamily homes. We saw a decrease in single-family sales over $850,000 nearing 10% in Lincoln Park. It will be interesting to watch the activity in this market segment as the year progresses, and the amount of inventory in this bracket stays strong. Currently, there are over 85 single family homes on the market in Lincoln Park priced over $2 million. That’s good news for buyers! Sellers will have increased market times and pricing will become more important than ever. I am always eager to hear your questions or comments, and I look forward to keeping you up-to-date on the real estate market in your Chicago neighborhood.
Sincerely, Meredith M. Meserow
312.893.3554 | mmeserow@koenigrubloff.com meredithmeserow.koenigrubloff.com
GOLD COAST | STREETERVILLE Condominiums/Co-Ops $700K+
Monthly Statistics for January 2017 Avg. Price
$1,512,982
Median Price
$1,152,500
Maximum Price
$2,900,000
Total Sales Volume
$21,181,744
Total Units Sold
14
Avg. Market Time (days)
275
Total Active Units
236
Avg. Market Time of Active Units
204
Address
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
30 W Oak St, 19B
3,020
$952
$2,995,000
$2,875,000
1/10/2017
72
1366 N Dearborn Pkwy, 3C
1,650
$448
$750,000
$740,000
1/12/2017
29
20 E Cedar St, 10B
2,800
$393
$1,295,000
$1,100,000
1/12/2017
49
1212 N Lake Shore Dr, 28CN
1,850
$554
$1,092,000
$1,025,000
1/17/2017
85
800 N Michigan Ave, 4302
3,025
$959
$3,025,000
$2,900,000
1/17/2017
279
250 E Pearson St, 901
1,931
$531
$1,100,000
$1,025,000
1/18/2017
121
* 1500 N Lake Shore Dr,
4,107
$676
$3,495,000
$2,775,000
1/19/2017
792
1434 N Astor St, 1
2,700
$388
$1,395,000
$1,048,850
1/20/2017
1,887
* 1421 N State Pkwy, 3
5,600
$246
$1,550,000
$1,375,000
1/20/2017
37
1501 N State Pkwy, 9B
2,875
$419
$1,350,000
$1,205,000
1/25/2017
133
1110 N Lake Shore Dr, 37N
2,200
$448
$1,050,000
$984,900
1/27/2017
33
175 E Delaware Pl, 8009
1,379
$555
$825,000
$765,000
1/31/2017
48
10 E Delaware Pl, 24D
1,956
$825
$1,825,000
$1,612,994
1/31/2017
223
* 1430 N Lake Shore Dr, 11 * Co-ops
4,500
$389
$1,850,000
$1,750,000
1/31/2017
58
17C
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
GOLD COAST | STREETERVILLE Single–Family Homes $1MM+
Monthly Statistics for January 2017 Avg. Price
$1,535,000
Median Price
$1,535,000
Maximum Price
$1,870,000
Total Sales Volume
$3,070,000
Total Units Sold
2
Avg. Market Time (days)
437
Total Active Units
34
Avg. Market Time of Active Units
360
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1439 N North Park Ave
2,700
$444
$1,250,000
$1,200,000
1/4/2017
5
17 E Scott St
3,805
$491
$2,400,000
$1,870,000
1/13/2017
868
Address
12/2016 | Real Estate News You Can Use
LINCOLN PARK Condominiums $700K+
Monthly Statistics for January 2017 Avg. Price
$954,476
Median Price
$955,000
Maximum Price
$1,420,000
Total Sales Volume
$18,164,040
Total Units Sold
18
Avg. Market Time (days)
95
Total Active Units
133
Avg. Market Time of Active Units
134
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1615 N Burling St, 102
2,123
$535
$1,079,000
$1,135,140
1/5/2017
27
1827 N Larrabee St, 3
1,900
$447
$899,000
$850,000
1/6/2017
90
942 W Montana St, 3
2,560
$457
$1,194,900
$1,170,000
1/9/2017
72
2036 N Sheffield Ave, 3
1,400
$532
$750,000
$745,000
1/9/2017
3
2621 N Southport Ave, 1
2,700
$354
$975,000
$955,000
1/11/2017
127
2751 N Greenview Ave, E
3,400
$250
$849,000
$849,000
1/13/2017
3
1820B N Dayton St, B
2,200
$348
$775,000
$765,000
1/13/2017
1
2645 N Burling St, 2
2,350
$457
$1,249,000
$1,075,000
1/18/2017
498
2744 N Mildred Ave, 1
2,530
$379
$989,000
$960,000
1/20/2017
181
2634 N Hartland Ct
3,000
$247
$799,900
$740,000
1/23/2017
189
345 W Fullerton Pkwy, 1801
3,350
$424
$1,799,000
$1,420,000
1/24/2017
257
708 W Shubert Ave, A
2,000
$413
$839,000
$825,000
1/24/2017
6
1615 N Burling St, 203
1,234
$611
$729,000
$754,000
1/25/2017
155
2014 N Seminary Ave, 3
1,525
$466
$725,000
$710,000
1/25/2017
21
1709 N Larrabee St, 3N
2,600
$315
$865,000
$820,000
1/26/2017
42
2740 N Racine Ave, 1
3,400
$360
$1,225,000
$1,225,000
1/26/2017
61
1005 Webster Ave, 4W
1,800
$568
$1,049,900
$1,022,000
1/31/2017
51
2107 N Magnolia Ave, 3A
2,500
$396
$999,000
$990,000
1/31/2017
3
Address
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
LINCOLN PARK Single–Family Homes $1MM+
Monthly Statistics for January 2017 Avg. Price
$2,467,611
Median Price
$1,775,000
Maximum Price
$7,200,000
Total Sales Volume
$22,208,500
Total Units Sold
8
Avg. Market Time (days)
160
Total Active Units
141
Avg. Market Time of Active Units
177
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1862 N Freemont St
4,000
$465
$1,995,000
$1,860,000
1/4/2017
14
1918 N Sedgewick St
4,860
$249
$1,395,000
$1,210,000
1/9/2017
1
1805 N Sedgewick St
6,000
$542
$3,750,000
$3,250,000
1/11/2017
230
2143 N Clifton Ave
4,200
$423
$2,067,000
$1,775,000
1/12/2017
198
2621 N Mildred Ave
5,600
$419
$2,599,000
$2,344,500
1/17/2017
126
2426 N Burling St
2,025
$523
$1,199,900
$1,060,000
1/18/2017
22
542 W Grant Pl
9,200
$783
$9,250,000
$7,200,000
1/26/2017
359
2036 N Racine Ave
4,000
$320
$1,539,000
$1,280,000
1/31/2017
377
Address
12/2016 | Real Estate News You Can Use
LAKEVIEW Condominiums $700K+
Monthly Statistics for January 2017 Avg. Price
$911,000
Median Price
$845,000
Maximum Price
$1,520,000
Total Sales Volume
$11,843,000
Total Units Sold
13
Avg. Market Time (days)
129
Total Active Units
89
Avg. Market Time of Active Units
152
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1408 W Byron St, 1
2,800
$273
$775,000
$765,000
1/6/2017
6
3510 N Fremont St, 4
2,000
$480
$1,050,000
$960,000
1/10/2017
416
457 W Melrose St, 4
3,000
$507
$1,500,000
$1,520,000
1/11/2017
1
3258 N Clifton Ave, 1
2,400
$385
$925,000
$925,000
1/11/2017
52
507 W Roscoe St, 1
3,800
$300
$1,349,000
$1,140,000
1/12/2017
239
2920 N Commonwealth Ave, 6B
2,600
$288
$759,000
$747,500
1/17/2017
20
3300 N Lake Shore Dr, 8A
2,350
$368
$899,000
$865,000
1/17/2017
103
3340 N Southport Ave, 3
3,200
$258
$849,000
$825,000
1/17/2017
186
3512 N Southport Ave, 2-S
1,900
$381
$729,000
$724,000
1/17/2017
8
1244 W Cornelia Ave, 1
2,400
$352
$870,000
$845,000
1/19/2017
1
* 3750 N Lake Shore Dr, 6A 3,200
$228
$749,900
$730,000
1/20/2017
568
Address
2808 N Seminary Ave
2,900
$302
$899,000
$875,000
1/23/2017
10
1338 W Belmont Ave, 4
2,285
$312
$775,000
$712,500
1/31/2017
61
* Co-ops
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
LAKEVIEW Single–Family Homes $1MM+
Monthly Statistics for January 2017 Avg. Price
$1,976,000
Median Price
$2,097,000
Maximum Price
$2,700,000
Total Sales Volume
$7,904,000
Total Units Sold
4
Avg. Market Time (days)
212
Total Active Units
92
Avg. Market Time of Active Units
176
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1734 W Wellington Ave
3,600
$281
$1,100,000
$1,010,000
1/4/2017
8
3937 N Marshfield Ave
4,000
$324
$1,599,000
$1,295,000
1/20/2017
298
419 W Oakdale Ave
6,800
$351
$2,595,000
$2,390,000
1/27/2017
304
1428 W Berteau Ave
6,000
$433
$2,700,000
$2,600,000
1/27/2017
238
Address
12/2016 | Real Estate News You Can Use
Meredith Manni Meserow 312.893.3554 | MMeserow@KoenigRubloff.com MeredithMeserow.KoenigRubloff.com
12/2016 | Real Estate News You Can Use