The number of condos sold in Chicago in 2010 compared to 2009 increased or decreased depending on the price range. As shown below the number of sales below $100,000 rose dramatically, up 63%. In the in the $200,000 to $400,000 price range they fell significantly, down 21% in the $200,000 to $300,000 price range and down 17% in the $300,000 to $400,000 range. The number of sales in the $600,000 to $700,000 range were also down 14%.
Price Distribution of Chicago Condo Sales 2010 (green) vs 2009 (black)
You can’t see it from the chart, but the total number of sales below $1,000,000 were down 4% while the number of sales between $1,000,000 and $2,000,000 up up 41%. The number of sales between $2,000,000 and $3,000,000 were also up 158%.
The median Chicago condo sale price in 2010 was $262,500, down 5.9% from 2009.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
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