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!
161 East Chicago Avenue 62s2
$2,300,000
- 3 Beds
- 3 Baths
- 4,500 SqFt
One Of The Most Exquisite Modern Apartments In Chicago. 24' High Ceilings And Double-hung Windows...
1325 North Astor Street 12
$2,300,000
- 4 Beds
- 5 Baths
- 4,270 SqFt
Indulge In The Ultimate Residential Experience In This Exquisite 12th-floor Luxury Gold Coast Con...
52 East Cedar Street
$2,299,995
- 5 Beds
- 7 Baths
- 4,916 SqFt
Lowest Taxes In Gold Coast For A Single Family Home! Live Half A Block From The Lake, Oak Street...
179 East Lake Shore Drive 7w
$2,299,000
- 3 Beds
- 4 Baths
- 3,000 SqFt
Welcome To A One-of-a-kind Co-op Unit Featured In Architectural Digest, Designed By Summer Thornt...
840 North Lake Shore Drive 2102
$2,295,000
- 2 Beds
- 3 Baths
- 2,855 SqFt
Indulge In The Epitome Of Luxury Living With This Exquisitely Rare Gem, A Captivating High-floor ...
1306 North Ritchie Court
$2,295,000
- 5 Beds
- 4 Baths
Nestled Along Prestigious Ritchie Court In The Heart Of Chicago's Gold Coast, This Exquisite 5 Be...
435 North Michigan Avenue 1014
$2,269,000
- 2 Beds
- 3 Baths
Welcome To The Tribune Tower. Step Inside This Exquisite 2-bedroom, 2.1-bathroom Luxury Residence...
840 North Lake Shore Drive 1903
$2,250,000
- 3 Beds
- 4 Baths
- 3,200 SqFt
Magnificent 3 Bedroom, 3.1 Bath, 3200 Sqft Home In Lake Shore Drive's Most Prestigious, Full Serv...
1500 North Lake Shore Drive 15-16b
$2,200,000
- 4 Beds
- 6 Baths
- 5,000 SqFt
Rarely Available Stunning B-tier Duplex In One Of Chicago's Most Iconic And Prestigious Co-ops. D...
33 East Bellevue Place 3w
$2,199,950
- 4 Beds
- 4 Baths
- 4,000 SqFt
Resembling A Feature From A Luxury Magazine, This Opulent 4,000 Sq. Ft, Residence Leaves No Detai...
180 East Pearson Street 4601
$2,197,747
- 3 Beds
- 3 Baths
- 2,754 SqFt
Luxurious Water Tower Residences Offers-exceptional-gut-renovated-contemporary Redesigned Floor P...
50 East Cedar Street
$2,150,000
- 5 Beds
- 6 Baths
- 5,000 SqFt
Sensational Location And Amazing, Unexpected Outdoor Space Like Nothing You Have Seen In The City...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.