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