Page 6 - The Owen Report for December 2019
P. 6

Owen Report







                                   The High-End CONDOMINIUM Market

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

                                       As of Tuesday, December 31, 2019




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

            Average Price:                               $1,243,850                         -11.19%
            Median Price:                                 $960,000                          -14.29%
            Maximum Price:                               $3,355,900                         -18.15%
            Total Sales Volume:                        $42,290,900                         +16.13%
            Total Units Sold:                                   34                         +30.77%
            Average Market Time of Units Sold:             154 days                         -32.16%
            Total Units Currently Active:                      399                          -6.56%
            Avg. Mkt. Time of Currently Active Units:      263 days                         +2.73%




                          Units Sold                                                Median Price
                     One Year Trend                                               One Year Trend
     80                                                           $1,900,000

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

     40  35                                             34        $1,300,000
     30       24  24    30                          26
                                                                  $1,100,000
     20

     10                                                            $900,000




                                       Source: Midwest Real Estate Data (MRED / MLS)
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