Jeff Herbert of Urban Living has just published a report on Lincoln Park sales during the second quarter of 2013. The highlights:
Condominium and townhome sales increased by 36% in Q2 2013 to $184 million compared to $136 million in Q2 2012. The average sales price increased 5.9% in Q2 2013 to $441,922 compared to $417,233 in Q2 2012.
Market time for many types of properties saw a significant decrease – averaging 42 days, compared to 71 days for Q2 2012.
Single family sales volume increased by 51.8% in Q2 2013 to $112 million, compared to $74 million in Q2 2012. Prices in Q2 2013 increased 11.6% over Q2 2012.
Rents increased for most property types (excluding 4+ bedrooms) in Q2 2013 compared to Q2 2012. One and two bedroom properties saw the largest year over year increases.
The full report, which includes yearly data beginning with 2007, is available at Jeff’s Lincoln Park Condos site.
Jeff has also published a guide to buying a single-family home in Lincoln Park.
NOTE: Lincoln Park Condos is one of our sponsors.
