WOW! Look at that condo, look at that house!!!
View at www.kalerealty.com
WOW! Look at that condo, look at that house!!!
View at www.kalerealty.com
WOW!! Check out our new listings!! Logan Square-Irving Park-Wrigleyville!!!
According to figures released Monday by Midwest Real Estate Data (MRED), unit sales of Chicago condos are down 54% year to date, while total dollar volume is down 60%.
From January 1 through March 31, the number of units closed in the city total 1,349 in 2009 compared to 2,920 in 2008. The dollar volume for those units dropped to $462 million so far this year compared to $1.158 billion last year.
For condos closed year to date, the median sales price is $285,000. Average market time: 155 days.
Comparing March sales of Chicago condos to February sales, one finds a brighter picture, influenced by seasonal upticks:
* Units closed increased by 47%, from 384 to 563
* Dollar volume was up 44%, from $130 million to $187 million
* Median sales price increased by 1%, from $278,000 to $280,000.
Source www.ChicagoCondosonline.com
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