Some steadiness came to Cook County’s condo market in April after sales nearly doubled the previous month as the spring selling season got underway.
Carrie McCormick with @properties bagged last month’s priciest condo sale in the area, with a $5.2 million sale of a 32nd-floor unit in the Palmolive Building, where there’s currently a crowd of high-end sellers that have been forced to make cuts from their asking prices. Jennifer Ames of Engel & Volkers was the buyer’s agent.
While April’s priciest condo sale in Cook County and the median condo sale price both jumped from March’s figures, there was a slight decline in total deal and dollar volume. April’s total dollar volume was $660 million across 1,739 deals, down slightly from March when sales volume reached $671 million across 1,796 deals.
Here’s where April’s condo sales took place:
(Note: It’s possible more April deals could later boost volume statistics for the month as agents load deals into MLS systems; the March figures have increased slightly since the middle of last month)
April’s median condo sale was $285,500, up nearly 4 percent from March’s median of $275,000.
A South Shore building claimed last month’s priciest sale per square foot. A 735-square-foot condo at 6730 S. South Shore Drive listed by Brenda Curtis of Curtis & Associates Realtors sold for $825,000 at a price of more than $1,122 per square foot to lead the metric. The buyer’s agent was Redfin’s Wanda Austin-Wingood.
Rounding out the top five priciest condo sales last month after the Palmolive unit were deals for $2.9 million deal at 132 East Delaware Street; $2.8 million at the St. Regis; $2.3 million for the penthouse at 305 South Racine Avenue; and $2.1 million for a unit at 415 East North Water Street.
April Condo Market Summary:
Most Expensive
Palmolive Building, 159 E Walton Pl Unit 32A | Price $5,200,000 | $965 psf | Year built: 1928
Least Expensive
West Lawn, 4300 W Ford City Dr Unit A303 | Price $19,000 | $22 psf | Year built: 1970
Highest Price Per Square Foot
South Shore, 6730 S South Shore Dr #505 | Price $825,000 | $1,222 psf | Year built: 1964
Lowest Price Per Square Foot
West Lawn, 4300 W Ford City Dr Unit A303 | Price $19,000 | $22 psf | Year built: 1970
Newest
Old Town, 1719 N Burling St Unit 4N | Price $1,850,000 | Unknown price psf | Year built: 2023
Oldest
Wicker Park, 1647 W North Ave #1 | Price $372,000 | $345 psf | Year built: 1876
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