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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