Boom Week in Local Real Estate: 22 Closings (1 Foreclosure, 1 Short Sale)

By at June 6, 2012 | 9:58 am | Print

All photos by Marc Harris Photography

The buyer’s market continues to power through the spring and into the beginning of summer. Market times for the closings this week were similar to last week, shorter than we were seeing in the early spring closings. The number of properties available has gone up 5-9% this week, so there are choices for buyers in today’s market. Sellers with appropriately priced and well marketed properties are getting and accepting offers on their homes! As summer progresses we’ll see if this level of activity continues or if we experience a slow down while Chicagoans enjoy the summer weather for other activities.

There were 22 closings in Wicker Park and Bucktown this past week: (4) Detached single family houses; (17) Attached condos, and (1) multi- unit building.

Sold – Detached Single Family Homes

2042 W Cortland 2 bedroom 1 bath 1.5 Story $325,000

1933 W Schiller 3 bedroom 2 bath 2 Stories, Coach House $414,500

2122 W Lyndale 4 bedroom 3.1 bath 2 Stories $598,750

1940 W Potomac 4 bedroom 3.1 bath 2 Stories $670,000 (Foreclosure) – PICTURED

 

Sold – Attached Single Family (Average this week of 70 days on the market selling at 96.4% of final list price.)

2118 W Schiller #G 3 bedroom 2 bath Condo $253,000

1539 N Leavitt #3S 2 bedroom 1.1 bath Garage Condo $270,000

1735 N Paulina #607 2 bedroom 1 bath Garage Condo $285,000

1523 N Ashland #3 2 bedroom 2 bath Parking Condo $305,000

2231 N Leavitt #2 2 bedroom 2 bath Garage Condo $318,000

2045 W Concord #502 2 bedroom 2 bath Garage Condo $325,000

1702 W North #B3 2 bedroom 2 Garage Condo $335,000

2124 W Division #6 2 bedroom 2.1 bath 2 Parking Condo, Penthouse $350,000 – PICTURED

1306 N Greenview #1 3 bedroom 2.1 bath Parking Condo $380,000

2026 W Pierce #6 3 bedroom 2 bath Parking Condo $395,000

2144 W Concord #3 2 bedroom 2 bath Parking Condo, $395,000

1532 N Paulina #P 2 bedroom 3 bath Garage Condo, Duplex $398,500

2126 W Schiller #1 3 bedroom 3 bath Parking Duplex, Condo $410,000

2330 W Armitage #D 3 bedroom 3 bath 2 Garage Townhouse $450,000

1101 N Wolcott #1 3 bedroom 2.2 bath 2 Garage Condo, Townhouse $450,000 (Short Sale)

2312 W Wabansia #1 3 bedroom 2.1 bath Garage Condo $465,000

1611 N Bell #3S 3 bedroom 2.1 bath Garage Duplex, Condo $531,000

 

Sold – Two to Four Units

2222 W Lyndale 3 units each 2 bedroom 1 bath $430,000 - PICTURED

 

Quick take – What’s on the market now?

Type, (number), Max, Average, Median, Min Price

Detached (71 properties) $4,499,900 $1,232,888 $899,000 $275,000

Attached (122 condos) $1,200,000 $406,482 $382,400 $105,000

2 -4 units (27 properties) $890,000 $494,259 $499,000 $214,900

 

*** Information sourced from MREDLLC; 6/4/12. Residential properties – Bucktown (Ashland, Western, Fullerton, North) and WickerPark (Ashland, Western, North, Division)

About Eva: Eva Bergant is a Bucktown resident and local Realtor with a community driven style. In addition to being president of theBucktown Community Organization(BCO), Eva has long served as the chair of the Bucktown Garden Walk. Do you have a real estate topic that you’d like explored in a future column, or a question about buying or selling a home? You can reach Eva by email,or 312-543-6819.


 

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