Page 6 - The Owen Report for January 2020 with Notable Property 50 E. Chestnut #2601
P. 6

Owen Report








                                       The High-End CONDOMINIUM Market

           Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area


                                                As of Friday, January 31, 2020




                        Monthly Statistics for Sales, $700k+                                  % +/- Since Last Month


             Average Price:                                     $1,219,547                              -1.95%
             Median Price:                                       $975,000                              +1.56%
             Maximum Price:                                     $3,165,625                              -5.67%
             Total Sales Volume:                              $37,805,956                              -10.60%
             Total Units Sold:                                          31                              -8.82%
             Average Market Time of Units Sold:                   181 days                             +17.53%
             Total Units Currently Active:                             432                             +8.27%
             Avg. Mkt. Time of Currently Active Units:            246 days                              -6.46%





                             Units Sold                                                        Median Price
                        One Year Trend                                                      One Year Trend

      80                                                                  $1,900,000

      70
                         58              58                               $1,700,000
      60
                             49  50  50
      50                                     47  46                       $1,500,000

      40                                                   34
                  30                                  26       31         $1,300,000
      30  24    24
                                                                          $1,100,000
      20
      10                                                                   $900,000






                                            Source: Midwest Real Estate Data (MRED / MLS)
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