Tuesday, September 28, 2010

A good week for Bucktown closings!

By Marna Spizz
Sponsored News:
SPACES: Residential Closings, Openings & More
This section is sponsored by Marna Spizz, an independent residential real estate broker helping locals find or sell the spiciest and hippest of 'spaces' since 1998!

News just in.... A good week in "Bucktown" residential real estate. "Bucktown" defined as between North Ave and the 90/94 Expwy and Ashland and Western. 6 properties, 5 "attached" and 1 "multi-unit" changed owners. The multi-unit, a 2 flat at 2018 W. Wabansia, purchased in 2006 for $575,000 sold SHORT this week for $350,000 in 91 days.

The lowest closing was a 2 bed/2 bath condo at 1641 W. North Ave Unit 2W. Purchased in October 2004 for $335,000, it sold in 163 days for $320,000 or 91% of its $350,000 list price and 95% of its 2004 price. The 2nd lowest closings were a tie - 2333 W. St. Paul Unit 132 - a 2 bed/2 bath loft condo purchased in June 2008 for $364,500, sold this week in 33 days for $332,000...91% of its 2008 value. 2012 W. St. Paul Unit 406 - a 2 bed/1.1 bath loft condo also sold for $332,000 this past week, fetching 85% of its Jan. 2007 price of $387,900.

The highest closing this week was a 3 bed/3.1 bath condo at 2301 W. Wabansia Unit 1F which sold at $575,000 or 90% of its current list price of $639,900 in 177 days. This was essentially 100% of its 2005 price of $575,570.

At the right price - which seems to be taking us back to 2004 or 2005-- Bucktown real estate is moving without a huge inventory of distressed properties. Our great neighborhood still offers some of the best restaurants, entertainment, and shopping while being incredibly convenient to public transportation and the expressways. As you walk through the tree-lined streets of Bucktown, perhaps looking at some of the houses and condos we mention each week, you can take in an incredible breadth of eclectic properties that help make Bucktown so special.

As usual, if you are thinking about making one of these special properties your own, or have a special property you'd like to make someone else's, contact Marna Spizz, our residential closings columnist, and local market expert at mspizz@sbcglobal.net or 312-543-2259. She'd be happy to meet with you in Real Space!

*** Information sourced from MRED; closed properties from 9/20/2010 - 9/26/2010 as of 9/27/2010. Cross property residential Bucktown as defined above.

-Marna Spizz

No comments:

Post a Comment