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

Owen Report








                                         The High-End CONDOMINIUM Market

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


                                                  As of Thursday, April 30, 2020




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


              Average Price:                                     $1,089,533                             -29.97%
              Median Price:                                        $977,500                              -2.25%
              Maximum Price:                                     $2,020,000                             -67.68%
              Total Sales Volume:                               $21,790,650                             -48.13%
              Total Units Sold:                                           20                            -25.93%
              Average Market Time of Units Sold:                   177 days                              +6.63%
              Total Units Currently Active:                             424                              +7.07%
              Avg. Mkt. Time of Currently Active Units:            240 days                              -5.14%





                              Units Sold                                                        Median Price
                         One Year Trend                                                      One Year Trend

       80                                                                  $1,900,000

       70
                                                                           $1,700,000
       60    58                58
                    50   50
       50                         47    46                                 $1,500,000
             49
       40                                     34   31                      $1,300,000
                                                       30
       30                                                  27
                                       26                       20         $1,100,000
       20

       10                                                                    $900,000





                                              Source: Midwest Real Estate Data (MRED / MLS)
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