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!
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...
180 East Pearson Street 4006
$2,099,000
- 3 Beds
- 3 Baths
- 3,000 SqFt
Experience The Ultimate In Urban Luxury In The Heart Of Streeterville With This Completely Remode...
45 East Cedar Street 400
$2,095,000
- 5 Beds
- 4 Baths
Arrive Home In A Private Elevator To This Expansive Full Floor Residence With An 1,100 Sqft Priva...
1040 North Lake Shore Drive 11d
$2,075,000
- 3 Beds
- 5 Baths
- 3,200 SqFt
Huge Price Reduction!!! Stunning Value!! Warm, Classic, Timeless, Transitional In Design And Can ...
1252 North State Parkway
$2,000,000
- 5 Beds
- 7 Baths
- 4,156 SqFt
- 0.07 Acres
A Spectacular Limestone Awaits On State Pkwy. Situated In The Heart Of Gold Coast, This 5,000 Sqf...
4 East Elm Street 6s
$2,000,000
- 3 Beds
- 4 Baths
- 3,486 SqFt
4 East Elm - Boutique Living At Its Finest With Only 35 Units In The Best Gold Coast Locale! This...
1035 North Dearborn Street 18
$1,999,500
- 4 Beds
- 5 Baths
- 3,600 SqFt
Matterport/3d Virtual Tour Link Available! Gaze Out At The Lake & The Skyline & Walk To The Mag M...
445 East North Water Street 2201
$1,995,000
- 3 Beds
- 4 Baths
- 3,800 SqFt
Enjoy Luxury To Its Fullest In This Newly Remodeled Streeterville Condo With Panoramic Views Of T...
415 East North Water Street 3105
$1,995,000
- 3 Beds
- 3 Baths
- 4,705 SqFt
Discover The Ultimate In Luxury Living At Streeterville's Most Spectacular Condo! This Stunning H...
1040 North Lake Shore Drive 7c
$1,985,000
- 3 Beds
- 4 Baths
- 3,050 SqFt
Stunningly Renovated Open Floor Plan (3050 Sq Ft) 3 Bedroom, 4.1 Baths With Quality Contemporary ...
180 East Pearson Street 5902
$1,975,000
- 3 Beds
- 4 Baths
- 2,975 SqFt
Indulge In The Epitome Of Luxury Living At The Exquisite Water Tower Residences With This Excepti...
1246 North State Parkway
$1,975,000
- 6 Beds
- 5 Baths
- 4,140 SqFt
Architecturally Significant Limestone Row House In Chicago's Prestigious Gold Coast. With 4 Stori...
For a full breakdown of Chicago's top buyer's and seller's markets, check out this informative piece from Chicago Magazine.