Currently there are 52 active listings on the market at the New Eastside, including the Lakeshore East neighborhood. The listing price is between $245k for a one bedroom at the 400 E Randolph to $2.1m a three bedroom at the 340 E Randolph. Only one unit is short sale, which is unit 5109 at the 195 N Harbor ( the Parkshore).
There are 36 units closed in the last 3 months, the closing price is between $235K a studio with parking at the 450 E Waterside – the Chandler to $1.1m, a two bedroom at the 340 E Randolph. Only 3 units are foreclosure units and they are in the same price range with the regular sale units.
There are 29 units under contract, this is a huge number for the beginning of March, out of the 29 units there are 3 short sale units.
From the above we could see that the stressed properties are playing a big role here, and even for regular sales, the property prices are quite stable.
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