photos © Jonna Reilly Photography

1st Quarter, 2012 Results for Lincoln Park Real Estate

1st Quarter, 2012 Results for Lincoln Park Real Estate

As a lot of you know, I am constantly tracking the data behind the local real estate markets where I assist my clients.

Lincoln Park has been one of the more stable markets and the numbers that I am about to reveal will also show that this neighborhood is showing great signs of a rebound.

In the single family home market, the average sales price in the 1st quarter of 2012 was $1,630,096. This number is up 9.8% from the same quarter in 2011. Total sales also increased from 18 to 29. Market Time dropped by 16 days.

The numbers for condominiums were also very encouraging. The average sales price increased in the 1st quarter of 2012 by 9.2% from $404.448 to $441,763. Total sales increased from 124 to 142 for the same period a year earlier. Market Time dropped by 30 days holding at 142 days.

As you can see, there is cause for cautious optimism. The numbers speak for themselves. The data I am providing is directly off the multiple listing service used by Realtors selling in Lincoln Park.

Each property is different. If I can help you examine the approximate value you of your property, please do not hesitate to contact me. I’d love to help.