Hey Chicago, the data is out for the condominiums in Lincoln Square and there are some values to be picked up when looking at Distressed Home Sales in the Lincoln Square Neighborhood Condominium Market.

Currently thre are approximately 10 Condominium Properties that are for sale in the $$5K - $100K price range.

Seventy Condominiums are located in the $100K to $200K price range.  A good portion of these units are either short sales or foreclosures. 

Where the heaviest closed units as well as the most active price range for condominiums in Lincoln Square falls between the $200K to $300K price range.  Out of the total of 261 units that closed so far this year, 110 of those units fell in teh $200K to $300K price range. 

There are 62 in the $300K to $400K price range with some in upper bracket but most activity is flourishing in the $200K to $300K area.

Overall, we have seen a .05% increase in price over the last month compared to the 180 days previous years month in value.  Lincoln Square adjusted in a downward trend of 9.5% with a median showing at $262,500 for the last 365 days.  The previous year (2008) had a median of $290,000. 

What I am seeing is a strong trend of sales in the $200K to $300K in activity for the last 180 days which is showing a surge in closed sales. 

Overall, I'd say, Lincoln Square is the place to be because of it's diverse home styles, the blend of properties, the quality restaurants.  We are seeing some new satellite shops opening in the Square from the Lincoln Park neighborhood.

Thinking about buying or selling, give me a shout.