Downtown Chicago Real Estate Market Report Condos 2013 YTD
The Downtown Chicago real estate market faired very well in 2013, as you will see below. Sales were brisk with average market times much lower than previous years. Many properly priced homes were selling in weeks if not days. There was very little new development for new condos but the projects that are in progress are selling very quickly with The Legacy at 60 E. Monroe probably the most successful in the Downtown Market. The Downtown Chicago neighborhood is great because the location is a central area to the loop, Lake Michigan, restaurants, theater, shopping, and more. The buildings tend to be pretty luxurious and the neighborhood, as a residential area is growing. I think this neighborhood still has a lot of growth in it and I am really excited for our buyers who have already invested in the Downtown Chicago Real Estate market over the last several years.
Condo Sale Prices in Downtown Chicago Year to Date as of 12/14/2013
- Lake St. to the North, Harrison St. to the south, I-90 to the west and Michigan Ave. to the east
Highest Priced Listing: $$4,250,000 (4 beds/5 baths, 6400 sq. ft. at 6 N. Michigan)
Number of Sales this year: 477
Highest Priced Sale this year: $4,950,000 (a five bedroom unit at The Legacy 60 E. Monroe)
Contingent Sales as of 12/14/13: 24
Pending Sales as of 12/14/13: 25
Lowest Priced Sale this year: $129,000 (a studio at 431 S. Dearborn, The Manhattan Building)
Downtown Chicago Real Estate Market Analysis thru Dec. 2013 YTD
Let’s check on the performance in a couple of notable buildings in Downtown Chicago in 2013.
Haberdasher Square Lofts. is one of the premier full amenity loft buildings featuring large open spaces and unique finishes. In this building no 2 homes are the same, once home to The Hart Schaffner and Marx mens clothing company.
Haberdasher Square Lofts Market Report YTD December 2013
The Legacy located at 60 E. Monroe. The Legacy is a very popular downtown Chicago condo building that is probably best noted for its amazing Chicago skyline views of the city, lake, & Millennium Park with views stretching all the way to Indiana.
The Legacy 60 E. Monroe Market Report YTD December 2013
Find Condos for Sale in Downtown Chicago
If you are thinking about buying a condo in Downtown Chicago, you need to know what’s going on (or what the new year has coming) in the neighborhood. You also need to learn about the views, the floor plans and what you get for your money in each building.
If you are interested in the current inventory that is on the market in Downtown Chicago, currently 125 homes, you can find that information by viewing our “live in downtown Chicago page” and look around, if you sign up, you can be notified as soon as new properties that fit your criteria hit the market. If you have questions about any of the listings please contact us, we know the area, views, and floor plans in most buildings.
Do you have questions about condo sales/prices in the Downtown Chicago Real Estate Market?
We can help you. We specialize in the Chicago neighborhoods like the West Loop, Lincoln Park, River North, and the luxury condos in downtown Chicago. If you would like a personalized Comparative Market Analysis for any condo building or neighborhood just ask. We would be happy to help you purchase a Chicago condo.
The compilation of listing and market data information is provided by our local MLS system here in the Chicago area (MRED). All information provided is deemed reliable but is not guaranteed and should be independently verified.
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