Which Chicago Neighborhoods Are Homes Selling Over Asking Price?

According to the Chicago Local Market Tracker from Redfin for July 2016, 45.6 percent of homes in the West Loop sold for over asking price, the second highest rate in the city behind Humboldt Park. Typical homes in the West Loop sold in 41 days, tied with Logan Square and West Town for fourth fastest in the city, trailing only Brighton Park, Humboldt Park and Ukrainian Village.

Not surprisingly, the Gold Coast had the most expensive market in July, with a typical residence selling for $520,000. It was the only neighborhood to reach half-a-million. Wicker Park, North Center, Lincoln Park and Bucktown rounded out the top five most-expensive neighborhoods in Chicago.

You can read the whole report here.

Featured Listing: Old Town Two Bedroom Condo For Sale With Rooftop Deck

1509 N. Hudson #4
Unit & Neighborhood: Old Town Two Bedrooms Condo

Offered At: $574,900

The Scoop: This top floor penthouse unit offers soaring ceilings, skylights, and tons of natural light. Perfect for entertaining, the open floor plan features oak floors, fire place, brand-new kitchen appliances, and granite countertops. The expansive master suite offers two closets with custom build outs, a Whirlpool tub with separate shower, and brand-new double vanity sink. The Old Town condo also features a private rooftop deck wired for sound with unobstructed skyline views.

Steps from: Wells Street and the CTA Sedgewick stop

Parking: Garage spot included

Contact: Axel Cohen – Axel@LuxuryChicagoApartments.com or 847-275-4536

UPDATE: This listing sold in December 2016. 

Wanda Vista Chicago Condos in Streeterville Gets Permit

Curbed Chicago is reporting Wanda Vista Chicago condos have received their first construction permit to start drilling.

This news follows the announcement that the developers have pre-sold enough of their Chicago condos in Streeterville within the development to move the project forward. It is being reported that prices are upwards of $1,000 per square foot. This is definitely a record setter in Chicago.

Contact Luxury Living Chicago Realty if you are interested in buying a Chicago condo in the Studio Gang-designed Wanda Vista skyscraper, or any where else in the downtown Chicago real estate market.

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Get in touch with Luxury Living Chicago Realty 's team of experienced licensed real estate brokers and take the first step in buying or selling a home in Chicago.