Monday, December 9, 2013

Trendy Chicago Neighborhood Sees Condo Prices Gain 30% YTD

The DNA Info Chicago has a full report on the rebound in the Condominium market in Lincoln Square.

It's no secret that the condo market has been less than robust following the 2008
(Flickr/Anthony Doudt)
real estate crash.
But in Lincoln Square, demand and prices for attached units are slowly creeping back up, real estate broker Eric Rojas says in an analysis on hisChicago Real Estate Localblog.
Through mid-September, condo sales in the neighborhood jumped 30 percent compared with the same period in 2012: 250 versus 192.
Prices are on the rebound as well. According to Rojas, the median sale price of $240,000 is $30,000 more than in 2012, and it's continuing to rise.


Chicago has a total of 77 neighborhoods as this map shows.


Lincoln Square is located on the Northwest side of Chicago



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