A vast majority of active listings in Lincoln Park and Golden Triangle are Town-homes or Condominiums (28 available) only one Detached Single Family home is available in Lincoln Park and 4 under contract. 7 of the active listings are pre-construction town homes that are taking reservations. This is the first new construction development in Lincoln Park which I think is great for the neighborhood, but on the other hand some neighbors are not too excited about the architecture of this complex located at 9th and Kalamath.
11 properties sold in the moth of November all of the sold units were town-homes of condominiums. The average sold price is $391,909 average. PSF $338 and average 43 Days on the Market. This is combining Lincoln Park and Golden Triangle.
We did not have any detached single family homes sold in November which tells us that we need more inventory in Lincoln Park. In comparison to properties sold in November of 2014 the average PSF in November of 2014 was $261 and 11 days on the market. November 2015 PSF $338 and average 43 Days on the Market.
In general the market will continue to be strong. Lincoln Park has room to go up even more. Also with the announcement of Union Pacific notified workers it will shut its Burnham Shop repair yard, this will be prime real estate for redevelopment in the future
*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.