Last year finished strong for several north side neighborhoods, most notably North Center, which saw the median price of a house rise 33% over the fourth quarter of 2010.
The neighborhood saw a spike in sales in the third quarter, which calmed down in the fourth quarter; however, high selling prices continued through the end of the year. The median sale in Q4 2011 was $700,000, which is higher than at any point since we’ve been tracking data (which goes back to early 2006).
Condominiums and townhomes have held value in North Center, staying at approximately a median of $350,000 since 2007. The median last quarter was exactly $350,000, down just a bit from the previous quarter’s $375,000.
(There are a few coveted school districts in North Center, which may help explain the increase in house sales in Q3, which covers July, August, and September.)
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