Edgewater and Rogers Park – A long, long time before the dawn

Edgewater condominiums sold for an average of $76,000 in 1979. During 1991 and the first six months of 1992 they sold for an average of $56,570.

In Rogers Park condo sales averaged $52,800. In 1991 and the first six months of 1992 they sold for just $47,400.

The housing bubble of the late 1970s had been a long time coming – and it was a long time before prices recovered in these far north neighborhoods. Adjusted for inflation prices in Edgewater collapsed by a stunning 60 percent from 1979 to 1992.

Related posts:

1. The most important thing: Renting to own in Rogers Park
2. When Rogers Park was a dirty word
3. The nearly news: a Rogers Park garden
4. The funky heart of Rogers Park
5. Floor plan faceoff: lakeside living in two Rogers Park two-bedrooms

Tagged as: Edgewater, Rogers Park