Page 6 - Owen Report for February 2023
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Tuesday, February 28, 2023
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,180,739 -28.89%
Median Price: $925,000 -15.91%
Maximum Price: $3,300,000 -70.54%
Total Sales Volume: $27,157,000 -28.89%
Total Units Sold: 23 0%
Average Market Time of Units Sold: 203 days -1.46%
Total Units Currently Active: 402 +5.51%
Avg. Mkt. Time of Currently Active Units: 226 days -1.31%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 63 64 63 63 $1,600,000
60 57
$1,400,000
50
39
40 34 $1,200,000
29 30
30 26 23 23
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
