Lincoln Park 2 bedroom condo price decline slows in 2nd quarter 2010

by Fran Bailey, Downtown Chicago Realtor on July 24, 2010 · 0 comments

in 2 Bedroom Chicago Condos,Lincoln Park Condos

Later today I’m showing 2 bedroom townhouses and duplex condos in Lincoln Park. The average price of a 2 bedroom condo or townhouse in Lincoln Park was down in the 2nd quarter when compared to the same time period last year, but not down as much as from 2nd quarter 2008 to 2009.

Lincoln Park 2 Bedroom Condo & Townhouse Average & Median Sale Prices Quarterly 2007 - 2010

Lincoln Park 2 Bedroom Condo & Townhouse Average & Median Sale Prices Quarterly 2007 - 2010

The average sale price of a Lincoln Park 2 bedroom condo or townhouse for 2nd quarter 2010 was $396,000, down 4% from 2nd quarter 2009. The median sale price was $380,000, down 3%. The percent declines were far less than those from 2nd quarter 2008 to 2009 when the average sale price dropped 7% and the median sale price dropped 8%.

ABOUT THE AUTHOR

Fran BaileyFran 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

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