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.
Jeff has also published a guide to buying a single-family home in Lincoln Park.
NOTE: Lincoln Park Condos is one of our sponsors.