North Center 3 & 4 bedroom condo sales evaporate above $600K

A couple of my buyers found a 3 bedroom townhouse for sale in Chicago’s North Center area that they really like. However, there just aren’t any comparable sales to justify a price anywhere close to what the sellers are asking well into the $600Ks so my sellers are going to keep looking. As shown below by the green bars, there have only been two 3 or 4 bedroom condo sales in North Center in the past year above $600K. Both were new construction and very high end with elevators. One has a private rooftop deck with a terrific view of the Chicago skyline. The townhouse my buyers like is nice, but not in the same league as those.

North Center 3 & 4 Bedrooms Sale Price Distribution Past Year vs. Prior Year

North Center 3 & 4 Bedrooms Sale Price Distribution Past Year vs. Prior Year

The black outline bars show that 14 3 or 4 bedroom North Center condos and townhouses sold in the prior year with sale prices between $600K and $700K. The vertical dashed lines show that the median sale price dropped 9.6% from the prior year at $470K to this past year at $425K.

Search North Center Condos For Sale on BairdWarner.com
named best for property search by Chicago Magazine
and Leading Real Estate Companies of the World

Recommend this on Google

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

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>