Loop 3 bedroom condos for sale, strong buyers market for luxury condos

I recently showed 450 E. Waterside 3309, a 3 bedroom 3 1/2 bath condo in the New Eastside neighborhood of Chicago’s Loop. Priced at $1,659,000 it features 12 ft. ceilings, bamboo hardwood floors, commercial grade kitchen appliances, and 2 balconies. My buyer liked it, but found it too small for her needs.

It’s a tough market for 3 bedroom Loop condo sellers in the $1,000,000 plus price range. As shown below there are far more such Loop resale condos for sale (red) than sold in all of the past year (green).

If you’re a buyer looking for a 3 bedroom condo in the Loop, call me! There are great deals, especially above $1,000,000!

Price Distribution of 3 Bedroom Condos in the Loop for sale (red) vs. sold in past year (green)

Price Distribution of 3 Bedroom Condos in the Loop for sale (red) vs. sold in past year (green)

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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

Comments

  1. Jim S. says

    I am looking for a 3 bedroom condo in downtown Chicago that is over looking the lake, preferably unobstructed view. You indicate their are great deals available. Your next question is probably what is my price range? However, before answering that, I would like to understand what the starting price is in the range that meets this criteria. Thank you. Jim

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