Posted by: union03g | January 7, 2010

Nice Analysis On North Center Lux Condo Market

This is the kind of analysis I love. Fran Baily put together a nice piece on the apparent drop off of $600k + condo sales in North Center compared to last year. The lack of comps makes valuation difficult and weakens the confidence of buyers. I can only assume that high end homeowners in North Center have the cushion to wait for an appreciating market before selling, thus the diminished transactions in this neighborhood.

Article Here: http://www.chicagometroarearealestate.com/north-center-3-4-bedroom-condo-sales-evaporate-above-600k/

North Center 3 & 4 Bedroom Condo & Townhouse Sale Price Distribution Past Year (green) vs. Prior Year (black outline)

North Center 3 & 4 Bedrooms Sale Price Distribution Past Year vs. Prior Year

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