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!
451 East Grand Avenue #4301
$3,000,000
- 3 Beds
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Residence 01 Is A Gracious Residence With North, South And West Exposures Offering Both Chicago's...
55 West Schiller Street
$2,995,000
- 5 Beds
- 4½ Baths
- 4,000 SqFt
- 0.03 Acres
Ogden School District! Walk To The Lake And All That The Gold Coast Has To Offer From This 2017 A...
180 East Pearson Street #6502
$2,950,000
- 3 Beds
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- 2,975 SqFt
Be The First To Live In This Brand New Residence; A Bloomfield Development Collection. 6502 Is T...
199 East Lake Shore Drive #4w
$2,900,000
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This Beautiful Duplex Evokes Classic European Elegance. Enjoy Lake Views Through Picture Windows ...
1040 North Lake Shore Drive #15c
$2,850,000
- 3 Beds
- 3 Baths
- 3,050 SqFt
Spectacular Custom 3 Bed Home In The Carlyle. No Expense Spared In This Masterful Redesign By Fra...
159 East Walton Place #16a
$2,850,000
- 3 Beds
- 3½ Baths
- 3,259 SqFt
Enjoy Outstanding Lake And Beachfront Views From This Premier One-of-a-kind Home At The Palmolive...
1040 North Lake Shore Drive #36bc
$2,795,000
- 4 Beds
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Don't Miss This Exceptional Value And Rare Opportunity To Own A Beautifully Designed Superb Quali...
1221 North Astor Street
$2,750,000
- 4 Beds
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- 5,300 SqFt
- 0.07 Acres
A Historical Treasure On Prized Astor St, This 1892 Tudor Mansion In Chicago's Coveted Historic D...
69 East Cedar Street East
$2,749,880
- 5 Beds
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- 5,000 SqFt
- 0.03 Acres
This First-rate Residence Enjoys A Privileged Gold Coast Location, Recognized Among The Chicago's...
415 East North Water Street #w-905
$2,700,000
- 3 Beds
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- 4,705 SqFt
Custom Drone Video Tour, Click On Video Button..premier River View Residence, Prime Corner '05' U...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.