River North condos for sale down over 54% in April

The inventory of listed condos for sale in River North continues to drop.* There were 245 River North condos for sale in April down 54.3% from April 2011 and down 72.5% from its recent peak in April 2009.

Monthly Inventory of River North Condos (gray) and Houses (red) for Sale January 2006 - April 2012

Monthly Inventory of River North Condos (gray) and Houses (red) for Sale January 2006 - April 2012

The median sale price was 16.4% higher in April than a year earlier. The number of closed sales was also up 14.1%.

The continuing decline in River North condo inventory varies by building. Back in March I wrote about how the number of condos for sale at 21 E Huron (The Pinnacle) in was down 80% from a year earlier. In the neighboring 25 E Superior (The Fordham) and 55 E Erie condos for sale haven’t declined nearly as much.

Email Fran for more information on River North condos for sale.

RIVER NORTH CONDOS FOR SALE

Click below to see the River North condos for sale in your desired price range.

$3M & Above$2M to $3M$1.5M to $2M$1M to $1.5M
$900K to $1M$800K to $900K$700K to $800K$600K to $700K
$500K to $600K$400K to $500K$300K to $400K$200K to $300K

* includes 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

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