Late last year, I wrote that Humboldt Park house prices took a steep dive during the recession, and that median selling prices in the neighborhood had been well below $100,000 for two years.

2010 was the year for condo prices in Humboldt Park to follow suit. Data for the fourth quarter show that condos sold for a median of $85,000, the third consecutive quarter in which the median price fell steeply. The condo peak in Humboldt Park was the second quarter of 2007, when 138 properties sold for a median of $310,000. Last quarter, 41 condominiums sold — far off the peak, but still enough to make the median price meaningful.

For the full story follow the link to yochicago.com

http://yochicago.com/third-steep-quarterly-decline-for-humboldt-park-condos/19965/