Page 6 - The Owen Report for July 2022
P. 6
Owen Report
The High-End CONDOMINIUM Market
Chicago's GOLD COAST / MICHIGAN AVENUE / RIVER NORTH Area
As of Saturday, July 31, 2022
Monthly Statistics for Sales, $700k+ % +/- Since Last Month
Average Price: $1,383,568 -11.83%
Median Price: $1,100,000 +2.92%
Maximum Price: $4,804,000 -21.28%
Total Sales Volume: $87,164,799 -20.65%
Total Units Sold: 63 -10.00%
Average Market Time of Units Sold: 130 days +47.73%
Total Units Currently Active: 478 -0.62%
Avg. Mkt. Time of Currently Active Units: 185 days +1.09%
Units Sold Median Price
One Year Trend One Year Trend
80
70
70 68 63 64 63 63 $1,600,000
60 57 57
$1,400,000
50 43 46 44
40
40 38 $1,200,000
30
$1,000,000
20
10 $800,000
Source: Midwest Real Estate Data (MRED / MLS)
