Here are a few statistics that I have generated recently through my market research for my clients and may help some in the Chicagoland area:
* Studio condominium units in East Lakeview have declined approximately 28% from ‘08 to ‘09
* 3-bedroom/2+ bath duplex down units in East Lakeview have not declined from last year to this year. In fact there has been a slight appreciation factor. Only half the amount of duplexes have sold, but they have not declined in price.
* Single family residences in Lincoln Park, on average, have declined 4% from ‘08 to ‘09
* Single family residences in Southport Corridor 3-bedrooms, 3-bathrooms, with a master suite and garage parking, have declined approximately 5.17% from 2008 to 2009.
* 2-bedroom/2-bath units with a parking space in the Southport Corridor have not declined. They have held their value for the last three years running.
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