BUCKTOWN— The real estate market is picking up citywide as well as locally, based on the latest sales data for the neighborhoods of Wicker Park and Bucktown.
According to Realtor Eva Bergant's blog, there were 16 closings in a two-week period from Dec. 2 to Dec. 16.
Five of the sales were single-family homes, 10 were attached condos or townhouses and one was a multi-unit building.
"Volume of transactions is up, we're seeing an indication that people are having the ability to buy," Bergant said. "What we haven't seen yet and what we're still waiting for is an improvement in pricing. I think next year will be incredibly busy for real estate in Chicago and other markets."
Two-Week Highlights:
A 4-bed, 3-bath vintage bunglaow home at 1234 N. Marion St. built in 1890 sold at foreclosure for $385,000 (Dec. 14). The home is now demolished and an empty lot sits in its place, awaiting new construction in spring.
A 1-bed, 1-bath loft condo at 1728 N. Damen Ave. sold in four days and at 100 percent of its list price of $229,000 (Dec. 12).
A 3-bed, 3-bath single family home at 2033 W. St. Paul Ave. sold in nine days and at 102 percent of its list price of $550,000 (Dec. 4).
A 4-bed, 3.1 bath luxury LEED-Platinum certified home at 1610 N. Honore sold for $1,390,000 (Dec. 10), after being on the market since Sept. 2010. The property went right back on the market Dec. 11 for $1,799,000.
A 5-bed, 3.1 bath new construction home at 1822 N. Marshfield Ave. sold for $1,080.00 (Dec. 7). A home next to the property at 1824 N. Marshfield sold for $1,100,000 (Nov. 12).
** Information sourced from MREDLLC; 12/02 - 12/16. Residential properties - Bucktown (Ashland, Western, Fullerton, North) and Wicker Park (Ashland, Western, North, Division).
