As with other north side markets, prices are holding their own, but there is usually more than a year supply, market times are very long, sales are way off, and the sales are mabye at 2003 levels.
This is not to say that parts of Uptown won't appreciate this year. But overall, that market is going sideways at best.
My data source is FAST STATS put out as a proprietary data base by the Chicago Association of Realtors.
Uptown has seen a lot of development over the past 10 years and continues to see new construction and condo conversions on a regular basis today. It provides good value for money especially in the Sheridan Park area and a mix of housing options as you get closer to the lake. A concerted effort is being made to regenerate the entertainment district at the intersection of Broadway and Lawrence and bring the Uptown Theater back to its former glory.
Nobody has a crystal ball but I see the Uptown market performing in-line with the general market for the area as demand for housing increases through normal population growth and pent-up demand.
Owners in Uptown have enjoyed above average appreciation over the past 10 years but that is likely to change as prices for resales and new construction adapt to the current market.
Uptown has a lot to offer:
Proximity to Lake Shore Drive
Close to Andersonville/Lakeview/Lincoln Square
Beaches along the lake
Best of Luck, Ken.