South Loop condominium sales report for 2013 YTD
By Christine Hancock. The South Loop in Chicago had 1057 closings in 2013, with 259 active listings it has barely 3 months worth in inventory. The South Loop inventory is not as low as some other areas but still low when you consider historic levels for the past few years when we had as much as 1 year worth of inventory. The South Loop real estate market is also seeing an increase in multiple offers on units that are priced correctly. This area also has some of the most new construction inventory available in the city, with buildings such as The Grant (1201 S. Prairie) and Harbor View (1901 S. Calumet) selling very well. Harbor View sold 82 homes and The Grant sold 89 homes in 2013.
Number of current Active Listings: 259
Highest Priced Listing: $4,300,000
Number of Sales this year: 1057
Highest Priced Sale this year: $1,600,000
Contingent Sales as of 12/18/13: 120
Pending Sales as of 12/14/13: 62
Lowest Priced Sale this year: $63,000
South Loop Real Estate Market Report Condos 2013 YTD
Let’s check on the 2013 activity in a couple of South Loop buildings
The Grant 1201 S. Prairie. Located at the corner of Roosevelt Road and Prairie Avenue with commanding views of Lake Michigan, the City and Grant Park. The Grant has a total of 289 units and only 20 are for sale. The Grant is a very popular South Loop building as you will see in their sales stats below.
The Grant 1201 S. Prairie Market Report YTD December 2013
Harbor View 1901 S. Calumet. Located at the corner of 19th and Calumet Avenue with $$$ million dollar views of Lake Michigan, Harbor View has a total of 288 units and only 12 are for sale. Harbor View was bought by Related this last year, finished with some of the best materials and has been a successful project since the 1st day they went on the market.
Harbor View 1901 S. Calumet Market Report YTD December 2013
Do you have questions about condo prices in the South Loop?
We can help you. We specialize in all downtown Chicago neighborhoods like the Gold Coast, Lincoln Park and River North in Chicago. If you would like a comparative market analysis for your home or would like help to purchase a South Loop condo or home, just call 312-296-9300 or contact us.
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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