Streeterville, River North & Gold Coast 3 bedroom condos priced $1M to $1.5M down by more than 1/2 in March

A year ago some clients of mine were looking for a 3 bedroom condo priced between $1,000,000 and $1,500,000 in Streeterville, River North or the Gold Coast. They weren’t able to find what they wanted for a price they were willing to pay, so they decided to rent for a year. Now they’re finding fewer choices. Here’s the reason why.

The inventory of 3 bedroom condos listed for sale priced between $1M and $1.5M in March in the Near North Side which includes Streeterville, River North and the Gold Coast was down 54.6% from March 2011.* There were only 62 such 3 bedroom condos for sale in March compared to 141 a year ago.

Near North Side 3 Bedroom Condos For Sale Priced Between $1M & $1.5M March 2010 - March 2012

Near North Side 3 Bedroom Condos For Sale Priced Between $1M & $1.5M March 2010 - March 2012

As shown above, the inventory of Streeterville, River North and Gold Coast 3 bedroom condos priced between $1M and $1.5M in March set a new 2 year low.

The inventory of Streeterville, River North and Gold Coast 3 bedroom condos for sale in all prices ranges in March was down 24.3%. 3 bedroom condos priced $1M to $1.5M make up roughly 20% of the 3 bedroom condo market in the Near North Side.

The inventory of Streeterville, River North and Gold Coast condos priced between $1M and $1.5M regardless of bedroom count in March was down 35%.

SEARCH STREETERVILLE, RIVER NORTH & GOLD COAST 3 BEDROOM CONDOS FOR SALE PRICED BETWEEN $1M & $1.5M ONLY

Searching for a condo in just Streeterville, River North and the Gold Coast requires setting up a map search. I’ve created one for you. To see all 3 bedroom condos priced between $1M and $1.5M currently listed for sale in just Streeterville, River North and the Gold Coast click here. Pending sales are excluded. You can further filter the results for features.

To see Streeterville, River North & Gold Coast condo & co-op reviews and what’s for sale in those buildings see DOWNTOWN HOMES FOR SALE above in the right column.

* includes co-ops and 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