Streeterville & the Gold Coast Among the Top Buyer's Markets in Chicago
Posted by Leo Clark. on Friday, September 26th, 2014 at 1:17pm.
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!
1318 North Astor Street
$3,000,000
- 5 Beds
- 7 Baths
- 7,500 SqFt
- 0.07 Acres
Few Streets In Chicago Carry As Much Cache As Astor Street. Residing In The Heart Of The Gold Coa...
180 East Pearson Street 6404
$3,000,000
- 6 Beds
- 9 Baths
- 7,000 SqFt
Discover A Rare 7,000 Square-foot Gem On The 64th Floor Of The Iconic Water Tower Condominiums Wi...
1325 North Astor Street 13
$2,995,000
- 6 Beds
- 6 Baths
- 7,900 SqFt
Introducing A Towering Architectural Masterpeice In The Heart Of Chicago's Gold Coast, A David Ad...
1409 North Dearborn Street
$2,990,000
- 6 Beds
- 6 Baths
- 5,431 SqFt
- 0.08 Acres
Extraordinary Location! Extraordinary Detail! Extraordinary Value! Classic 19th-century Brownsto...
840 North Lake Shore Drive 1101
$2,900,000
- 4 Beds
- 4 Baths
- 4,308 SqFt
Wonderful 4 Bedroom 3 1/2 Bath "01" Tier Home. 4th Bedroom Has Been Turned Into A Theater Room B...
4 East Elm Street 11n
$2,895,000
- 3 Beds
- 4 Baths
- 3,135 SqFt
Sleek And Sophisticated - This Highly Upgraded 3,135 Sq Ft Condo Exudes Modern Elegance. Located ...
435 North Michigan Avenue 2003
$2,888,000
- 2 Beds
- 3 Baths
- 2,718 SqFt
Tribune Tower Residences Offers A Once-in-a Lifetime Opportunity To Own A Large Two-bedroom With ...
1040 North Lake Shore Drive 25d
$2,850,000
- 3 Beds
- 4 Baths
- 3,020 SqFt
Hands Down, The Most Exquisite Residence At The Iconic Carlyle, Widely Known For Its Exemplary Se...
950 North Michigan Avenue 4904
$2,790,000
- 3 Beds
- 5 Baths
- 5,000 SqFt
Welcome To The Stunning Michigan Ave Penthouse, Located At Magnificent Mile Building. This Comple...
1347 North Astor Street
$2,750,000
- 5 Beds
- 6 Baths
- 5,000 SqFt
Historic 1887 Astor Graystone Designed By Cobb And Frost Who Are Most Famous For Building The Pal...
42 East Schiller Street
$2,750,000
- 5 Beds
- 4 Baths
- 4,036 SqFt
- 0.05 Acres
Ideally Located In The Heart Of The Gold Coast, This Historic Brownstone Offers Modern Details Th...
159 East Walton Place 14cd
$2,700,000
- 3 Beds
- 4 Baths
- 4,445 SqFt
Glisten Up! Glamorous Update Of This 4400+ Sq. Ft. Apartment In The Iconic 1929 Art Deco Palmoliv...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.