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!
180 East Pearson Street 5803
$2,695,000
- 3 Beds
- 6 Baths
- 3,320 SqFt
Welcome To The Most Magnificent Residence That Delivers Extraordinary Sophistication, Elegance, A...
1347 North Astor Street
$2,695,000
- 5 Beds
- 6 Baths
- 5,000 SqFt
Historic 1887 Astor Graystone Designed By Cobb And Frost Who Are Most Famous For Building The Pal...
18 East Division Street 3
$2,600,000
- 4 Beds
- 5 Baths
- 4,000 SqFt
Comprising The Entire 3rd Floor At 18 Division, This Full Floor 4,000 Square Foot Residence Featu...
415 East North Water Street 604
$2,595,000
- 3 Beds
- 4 Baths
- 3,400 SqFt
The Most Exquisite Home With Magnificent 3,000+ Sq. Ft. Outdoor Professionally Landscaped Terrace...
180 East Pearson Street 3607
$2,497,747
- 3 Beds
- 3 Baths
- 2,754 SqFt
Exquisite, Exceptional, Magazine Showcase - 2022 Renovation For Today's Lifestyle. The Ultimate, ...
209 East Lake Shore Drive 8w
$2,495,000
- 5 Beds
- 6 Baths
- 5,500 SqFt
Wake Up To 60' Of Expansive Lake Michigan Views In This Stunning, Half-floor, Benjamin Marshall M...
1007 North Dearborn Street
$2,495,000
- 4 Beds
- 5 Baths
Ultra Luxe Townhome In A Prime Gold Coast Location With Four Levels Of Modern Living With An Elev...
1500 North Lake Shore Drive 11a
$2,450,000
- 3 Beds
- 4 Baths
- 4,430 SqFt
Feast Your Eyes On A Panoply Of Color When You Enter This Summer Thornton Designed Coop At The In...
1035 North Dearborn Street 20
$2,449,000
- 3 Beds
- 4 Baths
- 3,503 SqFt
Full Floor Residence In The Heart Of The Gold Coast On Most Popular Dearborn Street. Exclusive Bo...
435 North Michigan Avenue 620
$2,365,000
- 2 Beds
- 3 Baths
- 2,170 SqFt
Reside At The Intersection Of Iconic History And Modern Day Luxury, All Housed Within The Prestig...
257 East Delaware Place 10ab
$2,350,000
- 4 Beds
- 5 Baths
- 4,000 SqFt
Gold Coast Charm Meets Modern Design At The Historic 257 E Delaware. Nestled Along The Prestigiou...
270 East Pearson Street 803
$2,350,000
- 3 Beds
- 4 Baths
- 3,398 SqFt
Not A Detail Was Missed In The Extensive Renovation Of This Luxurious 3,400 Sqft Executive Reside...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.