Page 6 - The Owen Report for March 2020
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Tuesday, March 31, 2020
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,555,889 +8.07%
Median Price: $1,000,000 -18.16%
Maximum Price: $6,250,000 +60.26%
Total Sales Volume: $42,009,000 -2.74%
Total Units Sold: 27 -10.00%
Average Market Time of Units Sold: 166 days +17.53%
Total Units Currently Active: 396 -11.21%
Avg. Mkt. Time of Currently Active Units: 253 days -6.46%
Units Sold Median Price
One Year Trend One Year Trend
80 $1,900,000
70
58 58 $1,700,000
60 50
49 50
50 47 46 $1,500,000
40 34 31 30 $1,300,000
30 27
30
26 $1,100,000
20
10 $900,000
Source: Midwest Real Estate Data (MRED / MLS)
