West Loop

Downtown Chicago condos for sale set new 2 year lows in July

Click to see full chart of downtown Chicago condo inventory levels August 8, 2011

Back in February I reported that the number of listed downtown Chicago condos for sale on the last day of January reached a new two-year low at 2,876 (see Downtown Chicago condos for sale at 2 year low). Downtown condo inventory levels have continued to drop and reached 2,605 at the end of July. Click to continue...

Downtown Chicago 3 bedroom condos for sale at 2 year low

Click to see full chart May 13, 2011

The number of 3 bedroom condos, townhouses and co-ops listed for sale in downtown Chicago reached a 2 year low in April. Click to continue...

Downtown Chicago 2 bedroom condos for sale – most priced between $200K and $500K

Click to see full chart April 8, 2011

Prices for downtown Chicago 2 bedroom condos start at $200K and most are priced between there and $500K. Which end of the price range a downtown 2 bedroom condo is priced at depends a lot on the number of full bathrooms. Click to continue...

Downtown Chicago condo prices fall less, but sales fall more than whole Chicago market Q1 2011

Click to see full chart April 4, 2011

Median and average sale prices for condos (including townhouses and co-ops) in downtown Chicago for the 1st quarter of 2011 fell compared to the 1st quarter of 2010, but not nearly as much as prices for the whole Chicago condo market. Conversely, the number of condos sold fell more downtown than for the whole city. Click to continue...

Map of downtown Chicago townhouses for sale

Click to see map of downtown Chicago townhouses for sale March 25, 2011

One of my tips last week in “6 tips if you want a condo with 2 parking spaces” was to consider buying a townhouse. What if you want to be close to the Loop? Here’s a map showing townhouses for sale in downtown Chicago and the surrounding area. Click to continue...

Downtown Chicago 3 bedroom condos for sale – most priced between $500K and $1.3M

Click to see price distribution chart for downtown Chicago 3 bedroom condos for sale March 21, 2011

The price range for downtown Chicago 3 bedroom condos is huge. List prices start under $100K and rise above $8M. Here’s a closer look at typical price ranges by size. Click to continue...

Downtown Chicago studios for sale – most priced under $200,000

Click to see full price distribution chart February 28, 2011

Thinking of buying an in-town home or pied-a-terre with prices down? You’re not the only one. Sales have been on the rise since they bottomed in the first quarter of 2009. Click to continue...

West Loop neighborhood videos

Thumbnail image for West Loop neighborhood videos January 1, 2011

If you’re curious about the West Loop in the Near West Side area of Chicago, here are what I consider 3 of the better videos to give you a feel for the neighborhood. Click to continue...

Downtown Chicago condo median sale price rises nearly 10% in 3rd quarter 2010

Click to see the full chart December 20, 2010

The median sale price of a condo in downtown Chicago rose 9.9% between 3rd quarter 2009 and 3rd quarter 2010. The median sale price was $363,000. The average sale price rose 19.9% to $524,000. Click to continue...

737 West Washington – Skybridge condos for sale

Click to see photos & details of all 737 W Washington condos for sale November 17, 2010

A few condos are for sale at The Skybridge – 737 West Washington in Chicago’s West Loop. Here’s a review of the building and condos I’ve been in (none are my listings) along with photos and details of the other condos for sale. Click to continue...

West Loop condo & townhouse average list prices

Click to See Entire Chart August 2, 2010

This past weekend some out-of-town buyers and I started our day of looking at condos and townhouses with a townhouse for sale in the West Loop. Current average list prices are shown below. West Loop studios have an average list price of $185,000. West Loop 1 and 2 bedroom condos and townhouses have an average Click to continue...

Downtown Chicago condos for sale in 2nd quarter continue decline, average price rises

Thumbnail image for Downtown Chicago condos for sale in 2nd quarter continue decline, average price rises July 2, 2010

The number of condos listed for sale in downtown Chicago last quarter continued to decline from the 3 previous years. 5,877 downtown condos were for sale in April, May and June, down from 6,168 in 2nd quarter 2009, 6,750 in 2nd quarter 2008 and 7,002 in 2nd quarter 2007. The number of downtown condos for Click to continue...

Chicago Tribune reports on oversupply of downtown apartment rentals

Thumbnail image for Chicago Tribune reports on oversupply of downtown apartment rentals February 12, 2010

Today’s Chicago Tribune has a good article by Mary Ellen Podmolik on the deals available on downtown apartment rentals. According to the article, “A record 2,234 apartments will be added to downtown Chicago this year; increasing the supply of rental units at a time when inventory is already outstripping demand.” According to Appraisal Research Counselor’s Click to continue...

Financing options for some new Chicago condos improving

October 5, 2009

Crain’s Chicago Business is reporting that some new condo developments in areas including River North, Lincoln Park, and the West Loop are offering low interest, low down payment financing to spur sales. Tightened financing for new condo developments has been holding back sales so the banks that financed the developers are now offering attractive financing Click to continue...

Regional Economic Forecast 2009 Highlights 3 of 3

January 20, 2009

In part 2 of this blog post series I shared Lawrence Yun’s chart showing that the number of existing home sales have dropped back to 1998 levels. Buyers considering a new condo in downtown Chicago need to take a good look at Gail Lissner’s chart which I recreated below. This year 4700 new condos in Click to continue...

← Previous Entries