3 Signs of a Struggling Luxury Market – From Our September 2016 Real Estate Summary of Lincoln Park, Lakeview, North Center and The Near North Side

While home sales dropped 3.0% in August 2016 vs 2015 in Lincoln Park, the Near North Side, Lakeview and North Center, it was an improvement from the 21.9% drop in July. ¬†As we head into the Fall 2016 real estate market we continue to see the overall market soften a bit; however, the luxury market…

Summer Home Sales Plunge – August 2016 Market Summary for Lincoln Park, Lakeview, North Center and The Near North Side

Home Sales plunged 20.9% in July 2016 vs 2015 in Lincoln Park, the Near North Side, Lakeview and North Center. While Home Sales are only one of a number of comparables that should be analyzed in order to determine the health of a real estate market, the double digit drop was surprising. The decrease was…

Summer Mixed Signals – July 2016 Market Summary for Lincoln Park, Lakeview, North Center and The Near North Side

Unit Sales for the combined areas of the Near North Side, Lincoln Park, Lakeview and North Center were a bit softer than in the past few months when comparing June 2016 to 2015, but most of the other indicators were positive. (see charts below) Unit Sales were down 2.4%, while Units Under Contract and Median…

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