Lincoln Park sales show year-over-year gains

Jeff Herbert of Urban Living has just published a report on Lincoln Park sales during the first quarter of 2012. The highlights:

Total sales for condos and townhomes increased 25% to approximately $63 million in Q1 2012 compared to $50 million in Q1 2011.

Two-bedroom condos and townhomes are starting to show price increases.

Single family homes also saw a sharp increase in sales volume to $47 million in Q1 2012 compared to $27 million in Q1 2011.

The rental market continues to show strength, with increased rents across all property types.

The full report (pdf), which includes yearly data beginning with 2007, is available at Jeff’s Lincoln Park Condos site.

NOTE: Lincoln Park Condos is one of our sponsors.