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)
