Lake Shore Dr. Condos Real Estate Market Report 2013 YTD

Lake Shore Dr. Condos Real Estate Market Report 2013 YTD

By Christine Hancock. Lake Shore Dr. in Chicago has always been a desirable place to live with the breathtaking views of Lake Michigan. From vintage to brand new construction, single family homes (very few), and townhouses, there is something for everyone that desires a Lake Shore Drive address. We are going to take a look at the sales activity for Lake shore Dr. in 2013. The statistics below are form Diversey Parkway to the north and Roosevelt Rd. to the South. If you look at the top 10 condo sales in any year you will find at least 1 of those sales on Lake Shore Dr. and 2013 is no exception. In 2013 Lake Shore Dr. boasts 2 of the highest priced condo sales  in the downtown Chicago market, 189 E. Lake Shore Dr. sold for &7,000,000 (in the #1 spot) and 1500 N. Lake Shore Dr. in 4th place at $5,000,000.

We will also check on the activity of 2 notable Gold Coast condo buildings below, 600 N. Lake Shore Dr. and 1500 N. Lake Shore Dr.

Lake Shore Dr. Condos Real Estate Market Report 2013 YTD
Lake Shore Dr. Condos Real Estate Market Report 2013 YTD

Number of current Active Listings on Lake Shore Dr.: 134
Highest Priced Listing: $5,950,000 (7200 sq. ft. sq. Ft., 4 bed/4.3 baths at 1540 Lake Shore Dr. #14-15N)
Number of Sales this year: 341
Highest Priced Sale this year: $7,000,000 (4 bed/5.1 bath at 189 E. Lake Shore Dr.)
Contingent Sales as of 12/20/13: 2
Pending Sales as of 12/20/13: 1
Lowest Priced Sale this year: $76,000

View all condos for sale on Lake Shore Dr.

 

Let’s check on the 2013 activity on a couple of Lake Shore Dr. buildings

 

600 N. Lake Shore Dr.

600 N. Lake Shore Dr. is comprised of 2 buildings and is the newest condo building on Lake Shore Dr. Located at Lake Shore Dr. between Ohio and Ontario St. Cedar, $$million dollar views from every home as well as one of the last buildings to be built on Lake Shore Dr. is obviously a big draw to this popular building.

 

600 N. Lake Shore Dr. Market Report YTD December 2013

600 N. Lake Shore Stats

 

1500 N. Lake Shore Dr.

1500 Lake Shore Dr.is a luxury co-op building that houses the largest private terrace in the downtown Chicago real estate market. The building is 23 stories high and has 57 units. This building requires board approval and is cash only.

1500 N. Lake Shore Dr.

1500 N. Lake Shore Dr. Market Report YTD December 2013

1500 N. Lake Shore Stats

Do you have questions about condo prices on Lake Shore Drive?

We can help you. We specialize in all downtown Chicago neighborhoods like the Gold Coast, Lincoln Park and Streeterville in Chicago. If you would like a comparative market analysis for your home or would like help to purchase a home on Lake Shore Drive, just call 312-296-9300 or contact us.

Did you know? Lake Shore Dr. is such popular road that there was a song written about it in 1971…

“And there ain’t no road just like it
Anywhere I found
Running south on Lake Shore Drive heading into town
Just slippin’ on by on LSD, Friday night trouble bound”

Find Condos for Sale on Lake Shore Drive

If you are thinking about buying a condo on Lake Shore Drive , you need to know what is going on, how prices are in each building (or what is coming in 2014). 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 on the Lake Shore Drive, currently 134 homes, you can find that information by viewing our “live on Lake Shore Dr.” 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

 

The Hancock Group with @properties specializing in downtown Chicago Real Estate including The Gold Coast, South Loop, West Loop, Streeterville & Lincoln Park for over 10 years. Call/Text/Email Us today at 312-296-9300, or Find us on Google+