Condo prices fell in 59 neighborhoods, including all of the 10 most popular

In the first half of 2009, the median sale price of a condo fell in 59 out of 77 Chicago neighborhoods, including almost all the neighborhoods with well-developed condo markets.

Some highlights:

• Lakeview condos fell 7.6 percent
• Near North Side condos fell by 15 percent
• Loop condos fell by 20 percent

Here is a chart that shows the percentage increase / decrease in median condo sales prices by neighborhood, over the same period in 2008. Dark bars indicate neighborhoods with many sales; light bars indicate those with few sales. Almost all neighborhoods with many sales are in negative territory.

Click through to the Lakeshore Analytics site to see enlarged chart, plus one that shows median condo prices by neighborhood.

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