February 2018 Market Statistics | Crystal Tran Team | Chicago Real Estate Market

FEBRUARY 2018 | CHICAGO MARKET STATISTICS | 1ST QUARTER

Data provided by MRED

#1 Trusted Company

FEATURED COMMUNITYÂ BUCKTOWN

PAGE 4

GOLD COAST

PAGE 6

GOOSE ISLAND

PAGE 8

LAKESHORE EAST

PAGE 10

LAKEVIEW

PAGE 12

LINCOLN PARK

PAGE 14

OLD TOWN

PAGE 16

RIVER NORTH

PAGE 18

RIVER WEST

PAGE 20

ROSCOE VILLAGE

PAGE 22

SOUTH LOOP

PAGE 24

STREETERVILLE

PAGE 26

THE LOOP

PAGE 28

WICKER PARK

PAGE 30

WEST LOOP

PAGE 32

WEST TOWN

PAGE 34

DATA PROVIDED BY MRED

2

Bucktown

FEBRUARY 2018 MARKET STATISTIC BUCKTOWN AVERAGE SALES PRICE

$635,324

2.1%

AVERAGE MARKET TIME

60 DAYS

7.1%

HOMES FOR SALE

37 UNITS

54.2%

CONDOS FOR SALE

36 UNITS

24.1%

# CLOSED SALES

353 UNITS

1.4% CONDO CORNER

4.2

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

224

$455,431

Feb 2017

221

$455,854

224

$440,746

Feb 2016

4

Gold Coast

FEBRUARY 2018 MARKET STATISTIC GOLD COAST AVERAGE SALES PRICE

$631,281

12.5%

AVERAGE MARKET TIME

118 DAYS

4.8%

HOMES FOR SALE

28 UNITS

16.7%

CONDOS FOR SALE

213 UNITS

0.5%

# CLOSED SALES

482 UNITS

3.4% CONDO CORNER

5.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

466

$554,017

Feb 2017

486

$682,219

Feb 2016

489

$563,617 6

Goose Island

FEBRUARY 2018 MARKET STATISTIC GOOSE ISLAND AVERAGE SALES PRICE

$527,186

10.7%

AVERAGE MARKET TIME

62 DAYS

10.1%

HOMES FOR SALE

2 UNITS

100%

CONDOS FOR SALE

34 UNITS

13.3%

# CLOSED SALES

176 UNITS

18.9% CONDO CORNER

3.4

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

159

$447,770

Feb 2017

132

$439,885

Feb 2016

154

$458,776 8

Lakeshore East

FEBRUARY 2018 MARKET STATISTIC LAKESHORE EAST AVERAGE SALES PRICE

$702,694

14.3%

AVERAGE MARKET TIME

92 DAYS

5.7%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

123 UNITS

36.7%

# CLOSED SALES

168 UNITS

15.6% CONDO CORNER

6.4

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

168

$702,694

Feb 2017

199

$614,853

Feb 2016

191

$765,450 10

Lakeview

FEBRUARY 2018 MARKET STATISTIC LAKEVIEW AVERAGE SALES PRICE

$501,012

2.8%

AVERAGE MARKET TIME

64 DAYS

11.1%

HOMES FOR SALE

87 UNITS

8.4%

CONDOS FOR SALE

448 UNITS

1.4%

# CLOSED SALES

2,375 UNITS

1.2%

CONDO CORNER

3.4

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

2,065

$405,218

Feb 2017

2,033

$392,439

Feb 2016

2,098

$370,754 12

Lincoln Park

FEBRUARY 2018 MARKET STATISTIC LINCOLN PARK

$782,110

7.7%

AVERAGE MARKET TIME

81 DAYS

11%

HOMES FOR SALE

142 UNITS

3.6%

CONDOS FOR SALE

305 UNITS

4.4%

# CLOSED SALES

1,598 UNITS

1.3%

AVERAGE SALES PRICE

CONDO CORNER

4.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

1,301

$586,761

Feb 2017

1,285

$525,476

Feb 2016

1,312

$511,395 14

Old Town

FEBRUARY 2018 MARKET STATISTIC OLD TOWN AVERAGE SALES PRICE

$633,655

0.2%

AVERAGE MARKET TIME

60 DAYS

9.1%

HOMES FOR SALE

42 UNITS

35.5%

CONDOS FOR SALE

118 UNITS

8.3%

# CLOSED SALES

585 UNITS

4.1% CONDO CORNER

3.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

517

$486,524

Feb 2017

497

$461,547

Feb 2016

516

$428,326 16

River North

FEBRUARY 2018 MARKET STATISTIC RIVER NORTH AVERAGE SALES PRICE

$593,608

12.1%

AVERAGE MARKET TIME

68 DAYS

1.5%

HOMES FOR SALE

2 UNITS

100%

CONDOS FOR SALE

361 UNITS

32.7%

# CLOSED SALES

965 UNITS

3.1% CONDO CORNER

4.8

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

954

$582,413

Feb 2017

931

$527,110

Feb 2016

937

$530,205 18

River West

OCTOBER 2017 MARKET STATISTIC RIVER WEST AVERAGE SALES PRICE

$478,982

18.5%

AVERAGE MARKET TIME

65 DAYS

12.1%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

11 UNITS

22.2%

# CLOSED SALES

68 UNITS

0.0% CONDO CORNER

2.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

61

$429,747

Feb 2017

58

$401,465

Feb 2016

44

$388,431 20

Roscoe Village

OCTOBER 2017 MARKET STATISTIC ROSCOE VILLAGE AVERAGE SALES PRICE

$650,900

6.2%

AVERAGE MARKET TIME

78 DAYS

23.8%

HOMES FOR SALE

29 UNITS

17.1%

CONDOS FOR SALE

28 UNITS

0.0%

# CLOSED SALES

288 UNITS

10.0% CONDO CORNER # OF SALES

3.4

MONTH OF INVENTORY Amount of time to sell off current inventory

AVERAGE PRICE

Feb 2018

175

$436,773

Feb 2017

202

$428,269

Feb 2016

163

$409,118 22

South Loop

FEBRUARY 2018 MARKET STATISTIC SOUTH LOOP AVERAGE SALES PRICE

$403,762

4.6%

AVERAGE MARKET TIME

63 DAYS

0.0%

HOMES FOR SALE

2 UNITS

100%

CONDOS FOR SALE

222 UNITS

5.7%

# CLOSED SALES

981 UNITS

4.6% CONDO CORNER

3.3

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

965

$400,372

Feb 2017

1,019

$382,607

Feb 2016

1,007

$377,861 24

Streeterville

FEBRUARY 2018 MARKET STATISTIC STREETERVILLE AVERAGE SALES PRICE

$571,059

0.4%

AVERAGE MARKET TIME

104 DAYS

12.6%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

324 UNITS

11.3%

# CLOSED SALES

622 UNITS

5.9% CONDO CORNER

6.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

621

$571,059

Feb 2017

661

$573,214

Feb 2016

643

$601,188 26

The Loop

FEBRUARY 2018 MARKET STATISTIC THE LOOP AVERAGE SALES PRICE

$429,576

13.2%

AVERAGE MARKET TIME

88 DAYS

12.7%

HOMES FOR SALE

0 UNITS

0.0%

CONDOS FOR SALE

119 UNITS

7.0%

# CLOSED SALES

346 UNITS

2.8% CONDO CORNER

4.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

339

$430,036

Feb 2017

352

$493,574

Feb 2016

336

$483,225 28

Wicker Park

OCTOBER 2017 MARKET STATISTIC WICKER PARK AVERAGE SALES PRICE

$632,773

6.6%

AVERAGE MARKET TIME

54 DAYS

5.3%

HOMES FOR SALE

30 UNITS

3.2%

CONDOS FOR SALE

65 UNITS

1.6%

# CLOSED SALES

541 UNITS

4.0% CONDO CORNER

3.1

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

417

$507,750

Feb 2017

392

$479,188

Feb 2016

428

$479,189 30

West Loop

FEBRUARY 2018 MARKET STATISTIC WEST LOOP AVERAGE SALES PRICE

$524,697

10.2%

AVERAGE MARKET TIME

44 DAYS

12.8%

HOMES FOR SALE

3 UNITS

50%

CONDOS FOR SALE

168 UNITS

17.5%

# CLOSED SALES

948 UNITS

2.9% CONDO CORNER

2.7

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

922

$519,709

Feb 2017

880

$454,947

Feb 2016

924

$434,482 32

West Town

OCTOBER 2017 MARKET STATISTIC WEST TOWN AVERAGE SALES PRICE

$565,354

6.7%

AVERAGE MARKET TIME

57 DAYS

0.0%

HOMES FOR SALE

93 UNITS

12%

CONDOS FOR SALE

308 UNITS

19.8%

# CLOSED SALES

2,117 UNITS

2.5% CONDO CORNER

3.5

MONTH OF INVENTORY Amount of time to sell off current inventory

# OF SALES

AVERAGE PRICE

Feb 2018

1,617

$476,344

Feb 2017

1,532

$449,813

Feb 2016

1,557

$434,589 34

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