BUCKTOWN — The law of supply and demand are in full swing, based on the latest real estate sales data for the neighborhoods of Wicker Park and Bucktown.
According to Realtor Eva Bergant's blog, there were 17 homes sold in Wicker Park and Bucktown during a three-week period from Jan. 1- 20.
Just two of the properties were short sales and none were foreclosures.
Three homes were sold just one day after being listed and four others were sold in under 100 days.
One reason behind the numbers: less inventory.
As of Jan. 20 data, there are just 32 detached homes on the market for the neighborhoods of Wicker Park and Bucktown and 67 attached properties, as compared to 64 detached homes and 161 attached properties at this same time last year.
Among the highlights from Jan. 1-20 was a first-floor, three-bedroom, 2.1-bath duplex condo with garage parking at 2217 N Leavitt St. which sold in just one day for $560,000 on Jan. 19.
Created by luxury builder Halcyon, the property is listed by @properties Realtors Samantha Porter and Lynda Lipkin and features an all-mason exterior with stucco and epi wood detailing.
According to Porter, the builder purchased the lot on July 2012 and now all three condos in the complex at 2217 N. Leavitt St. are sold.
"[2217 N. Leavitt St.] sold before finish very quickly," said Porter. "It's reflective of where the market is, a lot of buyers. Supply is low and properties are selling quicker than they have been in the last six years."
Another fast-seller during the most recent reporting period was a three-bedroom, two-bathroom penthouse condo with garage parking at 1849 N Hermitage Ave., which sold in just one day for $781,075 on Jan. 10.
Formerly home to the Sisters of the Resurrection Convent built in 1905 and just across the street from St. Mary of the Angels School, the "Urban Tree House" property saw two other sales at the close of last year and is listed by Karen Ranquist.
Rounding out the fast sales is a three-bedroom, two-bathroom home at 2325 W Dickens Ave. in Bucktown which sold in just one day for $485,000 on Jan.11.
Other notable sales during the Jan. 1-20 period include:
A six-bedroom, 4.1-bath home at 1637 N Winchester Ave sold for $1,612,500 (Jan. 15). From a cursory glance, the home features a rooftop garden with trees and two gorilla statues on its front lawn. It is unclear if the statues are included in the sale.
A one-bedroom, 1.1-bath second-floor unit condo with garage parking at 2041 W. Division St. sold as a short sale for $213,000 (Jan. 1)
A four-bedroom, three-bath home at 2337 W Lyndale St. in Bucktown sold in 53 days as a short sale for $307,000 (Jan. 11). Interestingly, a half-constructed five bedroom, 4.5 bath home one address west of this property, at 2339 W. Lyndale St. is listed on the market for $1,299,000, according to Redfin.
A two-bedroom, 1.1-bath condo with garage parking at 2300 W Wabansia Ave. (unit #105) sold in 95 days at 96 percent of its list price for $320,000 (Jan. 17)
A newly constructed five-bedroom, 3.1-bath home at 2216 W Homer St. sold for $1,040,000 (Jan. 10).