While working on my monthly real estate newsletter, “Maximizing Equity“, one statistic really caught my attention. The median sale price for houses in Lincoln Square for January 2010 was $1.3M! As shown below, it’s well above the monthly median sales prices in Lincoln Square for the past 2 years.
Lincoln Square Monthly Median House Sale Prices January 2008 to January 2010
A closer look revealed that only one Lincoln Square house sale closed in January, 2310 W. Sunnyside, which sold for, you guessed it, $1.3M. Lincoln Square typically has between 4 and 12 house sales each month. January just happened to be an unusual month.
What’s also unusual is that 2310 W. Sunnyside sold well above the asking price of $1.25M. Multiple offers still happen! 
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{ 2 comments… read them below or add one }
Nice tidbit! Fun stuff.
Thanks, Jason! If nothing else, it’s a good example of how misleading monthly median sale prices can be.