Wicker Park Sees Lower Inventory, Lower Sales

Wicker Park has seen its inventory decline, but prices have declined as well, which flies in the face of everything I learned in Economics. Lately, though, it seems long-held economic beliefs are out the window. Everyone is trying to figure out where the market is currently at, and there is good evidence that prices from a couple of years ago are not a bad place to start. Prices on single family homes in Wicker Park appear to be hovering around those of homes that sold between 2005-2006.

Following are some single family homes that recently sold:

1011 N. Winchester Ave
Sold For:
$582,000
(09/12/2008)
Beds: -
Baths: 3
Sqft: 1,974
Year Built: 1879


1725 W Wabansia Ave

Sold For:
$635,000
(08/27/2008)
Beds: -
Baths: 2
Sqft: 1,440
Year Built: 1987


1740 N Winchester Ave

Sold For:
$650,000
(08/28/2008)
Beds:  -
Baths: 2
Sqft: 1,176
Year Built: 1879