Market Trends & Statistics - Fulton GraceLincoln Square Lincoln Square All Local Market Update –...

NORTHWEST NEIGHBORHOODS

pg 2 Albany Park

pg 3 Avondale

pg 4 Irving Park

pg 5 Lincoln Square

(Includes Ravenswood Manor & Mayfair)

(Includes Ravenswood, Ravenswood Gardens & Bowmanville)

Market Trends & StatisticsUpdated April 18th

3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 25 25 0.0% 57 63 + 10.5%

Closed Sales 8 11 + 37.5% 20 27 + 35.0%

Median Sales Price* $500,000 $386,500 - 22.7% $407,500 $400,000 - 1.8%

Percent of Original List Price Received* 98.2% 93.1% - 5.2% 97.5% 94.4% - 3.2%

Market Time 73 121 + 65.8% 78 112 + 43.6%

Inventory of Homes for Sale 36 34 - 5.6% -- -- --

3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 36 27 - 25.0% 76 65 - 14.5%

Closed Sales 17 13 - 23.5% 27 27 0.0%

Median Sales Price* $185,000 $194,000 + 4.9% $195,000 $215,000 + 10.3%


Market Time 58 58 0.0% 74 70 - 5.4%

Inventory of Homes for Sale 26 31 + 19.2% -- -- --* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

Detached Single-FamilyMarch Year to Date

Attached Single-FamilyMarch Year to Date

Change in Median Sales Price from Prior Year (6-Month Average)†

All

kraP ynablAkraP ynablA

All

Local Market Update – March 2019A Research Tool Provided by the Chicago Association of REALTORS®

RESIDENTIAL ACTIVITY ONLY | Data current as of April 14, 2019

Albany Park- 14.8% - 4.0% + 4.8%

Change inNew ListingsAll Properties

Change inClosed SalesAll Properties

Change in Inventory of Homes

All Properties

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

+ 70%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Detached Single-Familyb

a

- 80%

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

Attached Single-Familyb

a

† Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot areproportioned according to their share of sales during that period. | Current as of December 14, 2018. All data from Midwest Real Estate Data. Report © 2018 ShowingTime.

3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 24 13 - 45.8% 47 38 - 19.1%

Closed Sales 9 11 + 22.2% 21 22 + 4.8%

Median Sales Price* $509,000 $525,000 + 3.1% $570,000 $427,500 - 25.0%

Percent of Original List Price Received* 97.1% 97.6% + 0.5% 96.8% 96.8% 0.0%

Market Time 103 76 - 26.2% 90 79 - 12.2%


3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 33 37 + 12.1% 97 86 - 11.3%

Closed Sales 23 17 - 26.1% 47 37 - 21.3%

Median Sales Price* $350,000 $410,000 + 17.1% $348,000 $345,000 - 0.9%

Percent of Original List Price Received* 98.8% 99.1% + 0.3% 97.7% 97.2% - 0.5%

Market Time 54 63 + 16.7% 84 77 - 8.3%





All

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Avondale- 12.3% - 12.5% + 1.9%




All Properties

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

+ 140%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a


3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 61 46 - 24.6% 161 131 - 18.6%

Closed Sales 24 18 - 25.0% 52 52 0.0%

Median Sales Price* $507,500 $575,000 + 13.3% $482,500 $496,250 + 2.8%


Market Time 106 159 + 50.0% 108 131 + 21.3%


3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 50 44 - 12.0% 105 110 + 4.8%

Closed Sales 16 17 + 6.3% 45 42 - 6.7%


Percent of Original List Price Received* 95.9% 95.9% 0.0% 96.3% 94.8% - 1.6%

Market Time 70 76 + 8.6% 58 106 + 82.8%





All

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All



Irving Park- 18.9% - 12.5% - 9.8%




All Properties

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a


3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 40 25 - 37.5% 83 61 - 26.5%

Closed Sales 12 11 - 8.3% 25 19 - 24.0%

Median Sales Price* $806,500 $608,000 - 24.6% $675,000 $740,000 + 9.6%

Percent of Original List Price Received* 95.0% 96.4% + 1.5% 92.9% 96.3% + 3.7%

Market Time 121 73 - 39.7% 137 114 - 16.8%


3-2018 3-2019 + / – 3-2018 3-2019 + / –

New Listings 69 71 + 2.9% 176 177 + 0.6%

Closed Sales 41 28 - 31.7% 86 67 - 22.1%



Market Time 98 63 - 35.7% 94 79 - 16.0%





All

Lincoln Square Lincoln Square

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Lincoln Square- 11.9% - 26.4% + 12.1%




All Properties

- 40%

- 30%

- 20%

- 10%

0%

+ 10%

+ 20%

+ 30%

+ 40%

+ 50%

+ 60%

+ 70%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a

- 60%

- 40%

- 20%

0%

+ 20%

+ 40%

+ 60%

+ 80%

+ 100%

+ 120%

1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019


a


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