The inventory of listed Chicago Loop condos for sale with 3 bedrooms in August was down 39% from August 2011.* There were 65 such condos for sale setting a new 2 year low.
The drop in 3 bedroom condos for sale in the Loop was greater than for other downtown neighborhoods. The next greatest drop was in the Gold Coast down 36%. The inventories of 3 bedroom condos for sale in Streeterville and River North were down 30% and 24%.
As shown above, the inventory of Loop 3 bedroom condos for sale is less than half of what it was 2 years ago. It’s down 55% from August 2010.
The distressed (short sales and foreclosures) inventory of Loop 3 bedroom condos for sale dropped 83% from 12 to 2 in the past year. The inventory of normal sales dropped 34%.
CHICAGO LOOP 3 BEDROOM CONDOS FOR SALE
Click below to see the Chicago Loop 3 bedroom condos for sale in your desired price range. You can narrow the results by internal and external features.
|$2M & Above||$1M to $2M||$800K to $1M||$300K to $800K|
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* includes co-ops and townhouses