Comments on: Lincoln Park Home Prices Not Immune To Downturn http://blog.lucidrealty.com/2010/01/11/lincoln-park-home-prices-not-immune-to-downturn/ The real story on the housing market and real estate industry in Chicago and the surrounding suburbs Tue, 10 Jan 2012 21:17:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gary Lucido http://blog.lucidrealty.com/2010/01/11/lincoln-park-home-prices-not-immune-to-downturn/comment-page-1/#comment-589 Gary Lucido Thu, 14 Jan 2010 05:30:41 +0000 http://blog.lucidrealty.com/?p=1863#comment-589 Yeah, thanks for pointing that out. I missed the fact that the two properties had the original PIN associated with them and that tied to the developer's purchase. I have subsequently removed those two sales. Yeah, thanks for pointing that out. I missed the fact that the two properties had the original PIN associated with them and that tied to the developer’s purchase. I have subsequently removed those two sales.

]]> By: Bryan http://blog.lucidrealty.com/2010/01/11/lincoln-park-home-prices-not-immune-to-downturn/comment-page-1/#comment-588 Bryan Thu, 14 Jan 2010 00:02:26 +0000 http://blog.lucidrealty.com/?p=1863#comment-588 Yes, it appears the developer paid $840,000 for one of the two sites used in the development. Yes, it appears the developer paid $840,000 for one of the two sites used in the development.

]]> By: Gary Lucido http://blog.lucidrealty.com/2010/01/11/lincoln-park-home-prices-not-immune-to-downturn/comment-page-1/#comment-586 Gary Lucido Wed, 13 Jan 2010 16:20:41 +0000 http://blog.lucidrealty.com/?p=1863#comment-586 I do show past sales at 2741 N Mildred - in October 08 - unless you are telling me that was when the developer bought the property? I do show past sales at 2741 N Mildred – in October 08 – unless you are telling me that was when the developer bought the property?

]]> By: Bryan http://blog.lucidrealty.com/2010/01/11/lincoln-park-home-prices-not-immune-to-downturn/comment-page-1/#comment-585 Bryan Wed, 13 Jan 2010 16:08:06 +0000 http://blog.lucidrealty.com/?p=1863#comment-585 Gary, a few comments on your post. These transactions should really be analyzed one by one to get a better picture of what is going on. The sales at 2741 N. Mildred - those are new construction - there are no past sales so those should not be included. Almost all of the sales with double digit declines were foreclosure re-sales that were priced to sell quickly. There are deals to be had for those who can move quickly, especially for cash buyers. Lincoln Park is definitely not imune to price declines, but I would say it has fared better than many neighborhoods further out. Keep up the good work, you offer some good insights on the market. Gary, a few comments on your post.

These transactions should really be analyzed one by one to get a better picture of what is going on.
The sales at 2741 N. Mildred – those are new construction – there are no past sales so those should not be included.
Almost all of the sales with double digit declines were foreclosure re-sales that were priced to sell quickly. There are deals to be had for those who can move quickly, especially for cash buyers. Lincoln Park is definitely not imune to price declines, but I would say it has fared better than many neighborhoods further out.

Keep up the good work, you offer some good insights on the market.

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