REAL ESTATE NEWS
YOU CAN USE BROUGHT TO YOU BY
MEREDITH MANNI MESEROW
312.893.3554 | MMeserow@KoenigRubloff.com MeredithMeserow.KoenigRubloff.com
April 2017 Dear Friends and Clients, If February was the “cruelest month” then March has to be one of the kindest. In fact, it is safe to say that, “March came in like Lion” with increased sales activity across all neighborhoods. Gold Coast experienced increases ranging from 60% to 400%. Lincoln Park saw increases from 60% (condo sales) to 175% (single-family sales). Lakeview also had similar percentage increases in both single-family and condo sales. It should be noted, however, that we still have plenty of single-family product in Lincoln Park with more than 150 single-family homes for sale in the $1million+ range. Additionally, Chicago is experiencing an amazing increase in rental product. According to the Appraisal Research Council, there are now more than 8,000 rental units in 23 buildings under construction and 10 other buildings in the process of getting renters to sign leases. By early 2018, the number of new units in Class A and B buildings will be 40,000 units. We will watch and see how well these units get absorbed, but it is safe to say the apartment market is nearing saturation. For the buyers out there: despite interest rates inching up, they still remain at historic lows — so yes, it is a good time to buy. For the sellers: with a robust spring market taking off, and inventory, generally in short supply, selling remains a sound business decision. I look forward to hearing from you regarding any of your real estate needs.
Sincerely, Meredith M. Meserow
312.893.3554 | mmeserow@koenigrubloff.com meredithmeserow.koenigrubloff.com
GOLD COAST | STREETERVILLE Condominiums/Co-Ops $700K+ Monthly Statistics for March 2017 Avg. Price
$1,471,875
Median Price
$975,000
Maximum Price
$4,350,000
Total Sales Volume
$44,156,259
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
30 139 210 211
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
990 N Lake Shore Dr, 28D
1,550
$548
$995,000
$850,000
3/1/2017
112
33 E Bellevue Pl, 7E
3,094
$921
$2,995,000
$2,850,000
3/1/2017
1
77 E Walton Pl, 24C
4,788
$808
$5,200,000
$3,870,260
3/1/2017
235
77 E Walton Pl, 26C-6211
4,800
$760
$5,399,000
$3,650,000
3/3/2017
426
175 E Delaware Pl, 12
3,500
$429
$1,595,000
$1,500,000
3/6/2017
10
1100 N Lake Shore Dr, 21C
2,160
$389
$899,000
$840,000
3/7/2017
27
1440 N Wells St, G
3,000
$318
$1,025,000
$955,000
3/7/2017
9
57 E Delaware Pl, 2105
1,855
$615
$1,180,000
$1,140,000
3/8/2017
15
1122 N Dearborn St, 16J
1,750
$452
$810,000
$791,000
3/10/2017
78
Address
1110 N Lake Shore Dr, 37S
2,000
$483
$999,000
$965,000
3/10/2017
193
1430 N Lake Shore Dr, 2
3,000
$400
$1,200,000
$1,200,000
3/10/2017
5
21 E Elm St, 3D
2,000
$376
$890,000
$750,999
3/13/2017
332
1030 N State, 44E-2005
1,600
$519
$860,000
$830,000
3/13/2017
31
2 W Delaware Pl, 06
2,335
$809
$1,890,000
$1,890,000
3/14/2017
1
800 N Michigan Ave, 5001
4,200
$1,036
$5,900,000
$4,350,000
3/14/2017
161
1440 N State Pkwy, 10D
2,200
$330
$859,000
$725,000
3/15/2017
251
2 E Delaware Pl, 801
1,920
$620
$1,199,000
$1,190,000
3/15/2017
78
250 E Pearson St, 1303
1,695
$581
$1,000,000
$985,000
3/16/2017
1
1000 N Lake Shore Plz, 27A
2,500
$458
$1,200,000
$1,145,000
3/17/2017
152
1555 N Astor St, 16NE
1,840
$408
$880,000
$750,000
3/23/2017
207
N/A
N/A
$749,900
$750,000
3/24/2017
136
840 N Lake Shore Dr, 601
3,965
$832
$3,690,000
$3,300,000
3/24/2017
200
2 W Delaware Pl, 1602
2,207
$861
$1,900,000
$1,900,000
3/28/2017
1
950 N Michigan Ave, 3705
1,860
$392
$1,250,000
$730,000
3/29/2017
270
1322 N Sandburg Ter
2,200
$380
$850,000
$835,000
3/30/2017
9
1440 N State Pkwy, 3A
1,700
$435
$859,000
$739,000
3/31/2017
21
950 N Michigan Ave, 3304
1,830
$505
$1,085,000
$925,000
3/31/2017
271
1000 N Lake Shore Plz, 17A
2,432
$384
$1,070,000
$935,000
3/31/2017
150
1301 N Dearborn Pkwy, 1306
2,240
$558
$1,335,000
$1,250,000
3/31/2017
74
1040 N Lake Shore Dr, 23D
3,020
$518
$1,900,000
$1,565,000
3/31/2017
700
21 W Chestnut St, 1408
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
GOLD COAST | STREETERVILLE Single–Family Homes $1MM+ Monthly Statistics for March 2017 Avg. Price
$1,898,000
Median Price
$1,886,500
Maximum Price
$2,600,000
Total Sales Volume
$7,592,000
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
4 333 29 333
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1354 N Dearborn St
2,400
$655
$1,50,000
$1,573,000
3/1/2017
10
1310 N LaSalle St
3,180
$383
$1,250,000
$1,219,000
3/10/2017
51
61 E Elm St
5,200
$500
$3,195,000
$2,600,000
3/16/2017
841
1360 N State Pkwy
4,000
$550
$2,480,000
$2,200,000
3/17/2017
430
Address
3/2017 | Real Estate News You Can Use
LINCOLN PARK Condominiums/Co-Ops $700K+ Monthly Statistics for March 2017 Avg. Price
$972,207
Median Price
$905,000
Maximum Price
$1,975,000
Total Sales Volume
$31,110,615
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
ASF
Price/ Sq. Ft.
Original List Price
1827 N Larrabee St, 2
1,900
$428
2756 N Magnolia Ave, 1S
2,500
$374
2628 N Wayne Ave, PH
N/A
641 W Willow St, 113
32 55 94 122
Sold Price
Closed Date
Market Time
$899,000
$813,000
3/1/2017
112
$949,900
$935,000
3/1/2017
1
N/A
$1,199,000
$1,100,000
3/1/2017
22
2,800
$338
$1,000,000
$947,500
3/2/2017
67
339 W Webster Ave, 2B
2,700
$369
$995,000
$995,000
3/6/2017
1
1615 N Burling St, 103
2,029
$581
$1,099,000
$1,178,215
3/6/2017
8
2703 N Janssen Ave
2,100
$362
$750,000
$760,000
3/8/2017
5
2756 N Magnolia Ave, 1N
2,500
$380
$949,900
$949,900
3/10/2017
1
1205 W Montana St, 2W
2,100
$571
$1,200,000
$1,200,000
3/10/2017
88
2708 N Southport Ave, A
2,700
$283
$790,000
$763,000
3/13/2017
137
2221 N Orchard St, A
2,800
$389
$1,095,000
$1,090,000
3/13/2017
80
2628 N Halsted St, 4N
1,675
$433
$739,900
$725,000
3/14/2017
20
1915 N Larrabee St, B
N/A
N/A
$749,900
$765,000
3/14/2017
8
1615 N Burling St, 402
2,160
$914
$1,999,000
$1,975,000
3/14/2017
1
929 W Altgeld St, 4
1,600
$469
$780,000
$750,000
3/15/2017
5
1312 W Webster Ave, 3W
1,400
$571
$835,000
$799,000
3/16/2017
30
1956 N Mohawk St, C
2,685
$313
$869,000
$840,000
3/17/2017
26
641 W Willow St, 139
2,800
$346
$1,000,000
$968,000
3/17/2017
25
1615 N Burling St, 304
1,749
$620
$1,059,000
$1,084,000
3/17/2017
29
2029 N Bissel St, 2
2,450
$608
$1,499,000
$1,489,000
3/17/2017
13
Address
1320 W Wrightwood Ave, 3
1,600
$522
$849,000
$835,000
3/20/2017
303
942 W Montana St, 1
2,644
$376
$994,000
$993,000
3/20/2017
144
2740 N Ashland Ave, 1
2,641
$284
$774,000
$750,000
3/22/2017
360
1849 N Hudson Ave, 5
2,500
$350
$929,000
$875,000
3/23/2017
24
2669 N Greenview Ave, C
2,200
$332
$735,000
$730,000
3/24/2017
7
1615 N Burling St, 302
1,458
$624
$899,000
$910,000
3/24/2017
117
641 W WIllow St, 143
2,600
$338
$899,000
$880,000
3/27/2017
6
2446 N Racine Ave, 3E
3,000
$400
$1,199,500
$1,200,000
3/27/2017
9
1149 W Armitage Ave, A
1,860
$378
$699,000
$703,500
3/30/2017
5
2702 N Southport Ave, B
2,250
$330
$745,000
$742,500
3/31/2017
5
424 W Armitage Ave, G
2,554
$452
$859,000
$900,000
3/31/2017
6
2314 N Lincoln Park West, 11S
3,000
$488
$1,695,000
$1,465,000
3/31/2017
105
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
LINCOLN PARK Single–Family Homes $1MM+ Monthly Statistics for March 2017 Avg. Price
$1,655,401
Median Price
$1,460,000
Maximum Price
$3,300,000
Total Sales Volume
$18,209,413
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
11 173 130 172
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
2521 N Marshfield Ave
4,100
$276
$1,200,000
$1,130,000
3/2/2017
60
623 W Armitage Ave
3,700
$345
$1,499,000
$1,275,000
3/2/2017
220
1931 N Hudson Ave
6,600
$500
$3,895,000
$3,300,000
3/7/2017
266
2029 N Sedgwick St
3,000
$580
$1,990,000
$1,740,000
3/10/2017
238
2052 N Racine Ave
3,400
$329
$1,295,000
$1,119,500
3/17/2017
215
816 W Lill Ave
5,300
$377
$2,495,000
$1,996,413
3/23/2017
313
1949 N Lincoln Ave
3,000
$467
$1,450,000
$1,400,000
3/24/2017
120
2140 N Magnolia Ave
2,850
$512
$1,695,000
$1,460,000
3/30/2017
242
2718 N Pine Grove Ave
5,800
$364
$2,325,000
$2,112,500
3/30/2017
213
440 N Arlington Pl
3,800
$309
$1,195,000
$1,175,000
3/31/2017
8
2245 N Burling St
2,400
$625
$1,595,000
$1,501,000
3/31/2017
5
Address
3/2017 | Real Estate News You Can Use
LAKEVIEW Condominiums $700K+
Monthly Statistics for March 2017 Avg. Price
$857,824
Median Price
$757,500
Maximum Price
$1,675,000
Total Sales Volume
$14,583,000
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
17 101 74 112
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
3,200
$523
$1,675,000
$1,675,000
3/3/2017
6
N/A
N/A
$700,000
$700,000
3/6/2017
6
828 W Grace St, 1603
2,400
$313
$799,900
$750,000
3/9/2017
89
3150 N Lakewood Ave, 3
2,650
$291
$790,000
$770,000
3/10/2017
24
1039 W Grace St, 1
2,800
$252
$699,900
$705,000
3/15/2017
6
917 W Roscoe St, A
2,400
$301
$739,900
$723,000
3/15/2017
91
4103 N Southport Ave
3,002
$265
$1,095,000
$795,000
3/15/2017
134
717 W Melrose St, 1
3,300
$353
$1,199,000
$1,165,000
3/16/2017
52
625 W Buckingham Pl, 2
2,000
$373
$769,000
$745,000
3/17/2017
111
2918 N Sheffield Ave, 1N
2,600
$324
$850,000
$842,000
3/17/2017
56
597 W Hawthorne Pl, 4
N/A
N/A
$1,099,000
$1,010,000
3/17/2017
1
1040 W Diversey Pkwy, 1E
2,200
$409
$899,000
$899,000
3/21/2017
127
434 W Oakdale Ave, 2
2,400
$312
$799,000
$749,000
3/23/2017
191
2835 N Lakewood Ave, 3B
2,205
$327
$750,000
$720,000
3/27/2017
137
2920 N Paulina St
2,900
$261
$815,000
$757,500
3/28/2017
199
635 W Sheridan Rd, 1
2,500
$290
$835,000
$725,000
3/29/2017
245
2920 N Commonwealth Ave, 9A
3,000
$284
$925,000
$852,500
3/31/2017
240
Address 449 W Aldine Ave, 3 3230 N Kenmore Ave, 1
Meredith Manni Meserow | 312.893.3554 | MMeserow@KoenigRubloff.com
LAKEVIEW Single–Family Homes $1MM+
Monthly Statistics for March 2017 Avg. Price
$1,544,534
Median Price
$1,480,000
Maximum Price
$2,695,000
Total Sales Volume
$16,989,874
Total Units Sold Avg. Market Time (days) Total Active Units Avg. Market Time of Active Units
11 193 74 190
ASF
Price/ Sq. Ft.
Original List Price
Sold Price
Closed Date
Market Time
1250 W Barry Ave
4,000
$386
$1,649,750
$1,542,500
3/1/2017
121
1727 W School St
4,650
$280
$1,465,000
$1,300,000
3/10/2017
109
1306 N Nelson St
4,200
$358
$1,690,000
$1,505,000
3/13/2017
146
4024 N Paulina St
5,000
$318
$1,638,000
$1,589,000
3/13/2017
363
3922 N Greenview Ave
6,200
$435
$2,839,000
$2,695,000
3/17/2017
133
1225 W Wellington Ave
4,400
$336
$1,499,900
$1,476,750
3/22/2017
14
1734 W Henderson St
3,600
$333
$1,249,000
$1,199,999
3/27/2017
128
1437 W Cuyler Ave
4,000
$370
$1,749,000
$1,480,000
3/27/2017
272
4026 N Paulina St
4,800
$313
$1,698,000
$1,501,625
3/28/2017
218
3852 N Paulina St
4,344
$299
$1,449,900
$1,300,000
3/29/2017
273
1306 W Byron St
4,000
$350
$1,825,000
$1,400,000
3/31/2017
343
Address
3/2017 | Real Estate News You Can Use
Meredith Manni Meserow 312.893.3554 | MMeserow@KoenigRubloff.com MeredithMeserow.KoenigRubloff.com
Real Estate News You Can Use