Here’s new data we pulled for this week’s Chicago Agent Magazine issue, published on Monday. The issue includes various articles discussing new builds and construction in the city. We took a look at new properties built in the past few years and how fast their inventory was moving by neighborhood. Only neighborhoods with at least 10 recorded closings during the previous twelve-month period and 10 active listings were rated.
You can see that Edgewater, West Town, and North Center all top the list, indicating the hottest and most frequent acquisitions of recently built homes. The bottom part of the list particularly suffered in the numbers due to the inclusion of 2007 statistics. 2007 of course was the last year the market saw upswings in new construction, and the Near South Side was one neighborhood in which numerous properties were created but went unsold in the subsequent market crash.