Chicago Loop 3 bedroom condos for sale down 39%

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%.

Monthly Inventory of Loop 3 Bedroom Condos For Sale August 2010 - August 2012

Monthly Inventory of Loop 3 Bedroom Condos For Sale August 2010 - August 2012

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.

$2M & Above$1M to $2M$800K to $1M$300K to $800K

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* includes co-ops and townhouses

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ABOUT THE AUTHOR

Fran Bailey Fran Bailey is a Realtor who has been quoted in numerous Chicago and national publications. To schedule showings for any listings, get a free market analysis for your home or to contact Fran email her at fran.bailey@bairdwarner.com or call 773-793-4516. Learn More