Chicago real estate has had a great summer with home sales rising 24.3% year over year with the median home price rising 16.2%. If you are in the market for a new home in Chicagoland here were the top selling areas over the summer:
Lakeview: (Attached SF) Lakeview has antiquated character on the outside with all the modern amenities you could want in a new home. Along with remodeled condominiums there are also many townhomes and detached single family options as well. The average price for a one bedroom condo in this neighborhood is about $252,000.
Near North: (Attached SF)The real estate in Near North is a blend of historic luxury which make this neighborhood one of the most sophisticated in Chicago. The high cost of living in this area attracts an older crowd but there is still a diverse feel to the charming and incredibly well maintained neighborhood. The average price for a one to two bedroom residence is about $423,000.
Ashburn: (Detached SF) This semi-suburban community caters to families and city folk who need a little more space. Over 90% of the dwellings in this neighborhood are single family including vintage brick homes, ranches, and cape cods, many of which have garages and front and back yards. Sales prices vary in this neighborhood anywhere from $110,000-$340,000.
Dunning: (Detached SF) Another semi-suburban community that boasts a tranquil lifestyle is the northwestern neighborhood of Dunning. Split-levels, ranches, and two story homes are common with private yards and back alley garages. It’s a perfect place for families, first time buyers, and even retirees. Homes sell in this area anywhere from $100,000-$600,000.
West Town: (Multifamily) West Town is a compilation of many smaller neighborhoods. It is the most culturally diverse location which was once the port of entry for immigrants. There is a wide range of homes available in this area including homes with fenced in yards in the Ukrainian Village, condos in Humboldt Park, and historic mansions in Wicker Park.
Logan Square: (Multifamily)A diverse and growing neighborhood with wide landscaped boulevards make this a good place for people from all walks of life. Logan Square offers a mix of old mansions and new condos that can run from $120,000-$230,000 for a one bedroom. A larger condo can range from $200,000-$500,000.
If you are in the market for a new home contact me today to get armed with a pre-approval. I am here to make your dream of homeownership a reality.