Higher Inventory Among Some Lakeview East Condos: Neighborhood Report

Start your Lakeview East home search here.

Lakeview East

Housing Type: Condo

Inventory levels are holding steady since our last report. The $500-600k range and homes listed over $900k are all in a balanced or buyer's market. This is good news for buyers. These markets see fewer bidding wars and buyers tend to have a little more time to think about a home before making an offer. The median sales price for condos was $248,750.

 

Price Range: $400,000-$800,000

Price Range: $800,000+

 

Lakeview East

Housing Type: Townhome

Inventory of townhomes is still extremely low and only two of the homes that are listed are comparable. The average market time for those under contract is 71 days, which shows that even with little to choose from buyers are looking and making offers on what is available.   

Price Range: $400,000-800,000

Price Range: $800,000+

Lakeview East

Housing Type: Single Family

Three of the homes that are listed are priced at approximately $2.2m. The other two homes are listed at $3.8 and 4.5m. Of the three that are priced about the same two of them have 6 bedrooms and the other has 4 bedrooms. The one with 4 bedrooms is about 2,000sf smaller than the other two. As a result, it might not be attracting the same buyers. It's important for sellers to be aware of such differences so they will know what to expect when comparing listings. The home that closed sold for $966,000. 

 

Price Range: $800,000+

 

Start your Lakeview East home search here

 

*In this blog series we focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available.

When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop only has condos) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know if you would like a personal assessment of your target market.

 


For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.ChicagoCityHomesForSale.com  

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Comment balloon 0 commentsTerri Buseman • September 16 2017 04:09PM
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