Streeterville & the Gold Coast Among the Top Buyer's Markets in Chicago
Posted by Leo Clark. on Friday, September 26th, 2014 at 1:17pm.
According to Zillow’s monthly Buyer-Seller Index, which was released last week, Streeterville and the Gold Coast—two of the most prestigious downtown neighborhoods—are among the top buyer’s markets right now in the Chicago metro area.
Although somewhat surprising, the report shows each of these two areas having a relatively high percentage of recent listings with a price cut, and a slightly lower sale-to-list-price ratio than some of the city’s neighborhoods with a strong seller’s market, like Logan Square and River North for example.
The index, which uses days on market stats, rate of price cuts, and sales-to-list price ratios to determine market conditions, doesn’t necessarily relate to home values in each particular neighborhood however, as Chicago’s annual home appreciation of 6.9% is actually higher than the national average of 6.6%.
So what does all this mean? Early indications are that the traditional busy fall market could be especially active in Streeterville, the Gold Coast and in several of the surrounding neighborhoods this year—but only time will tell.
If you’re in the market to buy a condo for sale in Streeterville or the Gold Coast, don’t wait any longer. Give our team of downtown Chicago real estate experts a call to discuss all your goals for a new home or condo in the city and let us help find you the perfect new place to call home in some of Chicago’s hottest locations!
CHECK OUT SOME OF THE HOTTEST LISTINGS IN STREETERVILLE AND THE GOLD COAST BELOW!
131 Properties Found. Showing First 12 Results.
161 East Chicago Avenue 62s2
$2,999,000
- 2 Beds
- 3 Baths
- 4,500 SqFt
This Gorgeous Home Is Available For Both Safe In-person Masked Showings As Well As Zoom Tours. Ch...
1500 North Lake Shore Drive 7-8b
$2,999,000
- 4 Beds
- 5 Baths
- 5,000 SqFt
The Best Of The Best! Enjoy 5,000+ Sqft Of Elegant, Renovated Living Space On Two Levels In One O...
19 East Scott Street
$2,995,000
- 5 Beds
- 4 Baths
- 4,320 SqFt
You Are Immediately Struck By The High Level Of Attention Given To The Finishes And Craftsmanship...
21 East Scott Street
$2,994,747
- 4 Beds
- 6 Baths
- 4,900 SqFt
- 0.05 Acres
Home, Yard And Garage Instead Of Condo? Rebuilt In 2005 From Brick To Brick, This Turn-key Gold C...
451 East Grand Avenue 4601
$2,975,000
- 3 Beds
- 4 Baths
- 3,080 SqFt
Come Experience The Unparalleled Lifestyle Of One Bennett Park - Chicago's Premier Residential To...
1433 North Dearborn Parkway
$2,975,000
Amazing Once In A Lifetime Opportunity To Own Armchair Investment Or Owner Occupy Building With ...
415 East North Water Street 3103
$2,913,750
- 5 Beds
- 5 Baths
- 5,098 SqFt
Enjoy Sweeping Views Of The Lake, Navy Pier, And The Chicago River From Every Window In This Stun...
199 East Lake Shore Drive 4w
$2,900,000
- 3 Beds
- 4 Baths
- 4,000 SqFt
This Beautiful Duplex Evokes Classic European Elegance. Enjoy Lake Views Through Picture Windows ...
1540 North Lake Shore Drive 8n
$2,900,000
- 2 Beds
- 3 Baths
- 4,137 SqFt
A Masterpiece Home With Stunning Lake Michigan Views! This 4,137 Sf, 2 Bed 2.1 Bath Gold Coast Je...
1242 North Astor Street
$2,895,000
- 6 Beds
- 6 Baths
- 5,100 SqFt
- 0.04 Acres
Beautiful Brownstone.totally Renovated, Very Low Property Taxes $27,500.00 Home Features Massive...
44 East Cedar Street
$2,895,000
- 5 Beds
- 5 Baths
- 6,372 SqFt
- 0.06 Acres
6,372sf Property Featured In Crain's Chicago Business On 07.24.20. Architecturally Significant Pr...
42 East Schiller Street
$2,895,000
- 5 Beds
- 4 Baths
- 4,036 SqFt
- 0.05 Acres
Modern Designer Rehabbed Luxury Home Half Block From The Lake. Historic Potter Palmer Fee Simple ...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.