(Click to enlarge)
(Click to enlarge)
More from the 3Q2010 data: For the city as a whole, the median selling price of a condominium (-7.1%) and single family detached home (-8.3%) are both below their respective figures for the third quarter of 2009.
However, for individual neighborhoods, the two may be moving in different directions. Among the 20 neighborhoods we track, 11 showed condo and single family prices moving in opposite directions (see chart). Humboldt Park is the most exaggerated example, with single family prices gaining 43% and condo prices falling 39%.
The story is the same for sales volume. The number of sales is up over the same quarter a year ago in both categories when you look at the city as a whole. But in 10 of 20 neighborhoods, the sales volume of condos and single family homes have not moved in the same direction.
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