Page 6 - The Owen Report for February 2020
P. 6

Owen Report








                                       The High-End CONDOMINIUM Market

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


                                             As of Saturday, February 29, 2020




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


             Average Price:                                     $1,439,763                             +18.06%
             Median Price:                                      $1,221,950                             +25.33%
             Maximum Price:                                     $3,900,000                             +23.20%
             Total Sales Volume:                              $43,192,900                              +14.25%
             Total Units Sold:                                          30                              -3.23%
             Average Market Time of Units Sold:                   118 days                             +17.53%
             Total Units Currently Active:                             446                             +3.24%
             Avg. Mkt. Time of Currently Active Units:            243 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        47
      50                                     46                           $1,500,000

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






                                            Source: Midwest Real Estate Data (MRED / MLS)
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