Yesterday I started searching 2 bedroom and 3 bedroom condos for sale in the Near North Side for some new buyers. Since I had recently blogged about the distribution of Loop condos for sale, I thought I’d see how the price distribution currently looks for Near North Side condos for sale. Given that the median list price of a Loop condo is only $359,000 compared to $425,000 for a Near North Side condo you might expect less condos for sale in the Near North Side than in the Loop in the lower price ranges.* You would be wrong!
Price Distribution of Near North Side Condos For Sale - March 2010
As shown above there are over 500 condos for sale in the Near North Side priced between $200K and $300K. When I checked a few days ago the Loop had less than 190 condos for sale in the $200K to $300K price range. Only when you get below $100K do you see more condos for sale in the Loop than the Near North Side. There are far more Near North Side condos for sale in almost every price range than in the Loop.
Of course part of this is due to the Near North Side being larger geographically than the Loop. Downtown condo buyers in the lower price ranges who may not have considered the Near North Side due to it’s expensive reputation, may want to give the Near North Side a look!
Search Near North Side Condos For Sale
*Based on Midwest Real Estate Data LLC (MRED)
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
