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    Chicago West Loop and River North Real Estate Still Hot

    Chicago West Loop and River North Real Estate Markets for Properties $500,000 to $749,999 Outperform Gold Coast and Streeterville

    chicago hot real estate river north west loop

    During the first five months of 2019, Chicago area housing inventory (i.e., generally considered the number of properties listed for sale) has increased for attached single family homes priced between $500,000 and $749,999:

    Similarly, the Chicago West Loop, River North, Gold Coast, and Streeterville real estate market areas mirror this trend:

    Specifically, within these first five months of 2019, for condominiums, co-ops, or town-homes that are located in buildings with eight or more units, with sales price points between $500,000 and $749,999, and where Sales Price vs List Price (SP:LP) ratios** are above 100%, we see the following sales numbers:

    **The SP:LP ratio refers to “sales price” versus the “list price”. If a SP:LP is above 100% that means the property sold for over list price (i.e., over asking price), but if a SP:LP is below 100%, the property sold for below list price. A SP:LP of 100% means that the property sold for list price.


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    Market statistics and information compiled by Anne Ewasko and Eric Bryn of Lux Home Chicago. This compilation of market statistics and information is deemed reliable but is not guaranteed accurate by the MRED MLS, Lux Home Chicago, or Baird & Warner.

     

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