Tuesday, July 20, 2010

Downtown Milwaukee Condo Market | Results for 2009

In 2009, transactions involving 413 condominium units in Downtown Milwaukee and the surrounding neighborhoods closed. Here's how your neighborhood performed:


Bay View

Total Units Sold: 13
Number of Units Owned by Condo Developers: 1
New Development: UrbanView
Average Sold Price per Square Foot: $133.00 (Range: $88.89 - $204.43)


Brewers Hill (Including Beerline)

Total Units Sold: 21
Number of Units Owned by Condo Developers: None
Average Sold Price per Square Foot: $130.03 (Range: $57.66 - $190.20)


East Town

Total Units Sold: 138
Number of Units Owned by Condo Developers: 87
New Developments: 601 Lofts, BreakWater, Kilbourn Tower, & Lake Bluff
Average Sold Price per Square Foot: $239.79 (Range: $128.08 - $448.43)


Halyard Park

Total Units Sold: None
Number of Units Owned by Condo Developers: None
Average Sold Price per Square Foot: Not Available


Lower East Side

Total Units Sold: 113
Number of Units Owned by Condo Developers: 33
New Developments: Brady Bella Urban, Gallun Tannery, Landmark On The Lake, London House, Marshall Street, & The Flatiron
Average Sold Price per Square Foot: $181.53 (Range: $71.56 - $344.39)


Riverwest

Total Units Sold: 6
Number of Units Owned by Condo Developers: None
Average Sold Price per Square Foot: $100.80 (Range: $80.33 - $126.96)


Third Ward

Total Units Sold: 52
Number of Units Owned by Condo Developers: 11
New Developments: Cityside Plaza, River Renaissance, & Warehouse 525
Average Sold Price per Square Foot: $226.55 (Range: $142.12 - $366.30)


Upper East Side

Total Units Sold: 16
Number of Units Owned by Condo Developers: None
Average Sold Price per Square Foot: $155.62 (Range: $131.25 - $199.24)


Walker’s Point (Including “Fifth Ward”)

Total Units Sold: 51
Number of Units Owned by Condo Developers: 37
New Developments: The Point & Water Street Lofts
Average Sold Price per Square Foot: $220.71 (Range: $133.20 - $287.06)


Westown

Total Units Sold: 3
Number of Units Owned by Condo Developers: None
Average Sold Price per Square Foot: $161.94 (Range: $150.38 - $172.41)


Note: Information based on Metro MLS Data from January 1, 2009 to December 31, 2009.


For more information regarding the downtown condo market contact David Ray at 414.412.7980 or dray@shorewest.com.


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posted by David Ray @ 9:17 PM

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