Tagged : Chicago Condos

If you’re looking for a quick update on how the Chicago real estate market fared over the first few months of 2017, Crain’s recently outlined which parts of the city have been the hottest so far in the new year. With mortgage rates still low and available inventory also scarce throughout many parts of the city, the Chicago real estate market has been especially kind to sellers, especially in a few familiar neighborhoods. 

According to Crain’s data, which only included neighborhoods with at least 25 sales during the first quarter of 2017, the Near North Side, West Town, and Lincoln Square rounded out what’s viewed as being the three hottest neighborhoods for condos and townhouses in the city right now, which is somewhat surprising in some ways. While

Generally speaking, everybody loves new construction condos, as there’s nothing quite like all the newest and best interior finishes to compliment the modern living spaces each new development around town has to offer. Over the last 12-18 months, or maybe even longer than that, luxury rentals have dominated the new construction market around downtown Chicago, with literally thousands of new, high-end units hitting the market over that same timeframe.

But now that the luxury market is starting to cool off—if only a little bit—luxury condominium residences around downtown Chicago and the surrounding neighborhoods are finally starting to make a comeback. In the Gold Coast, developments like 4 E. Elm and 9 W. Walton are catching the attention of plenty of