Real estate in Chicago’s Gold Coast and Streeterville neighborhoods may have its best month-to-month bounce in quite some time. According to recent market reports of a local brokerage firm, the average number of properties listed in the month of October is still almost 50% lower than the number of properties listed in September. With only 11 days left in the month, it’s almost certain the number of condominiums will be well below the nearly 640 listed last month. And as expected, a result of the existing inventory dwindling is the sales price compared with the list price currently holding at 99%. However, this trend is nothing new to Gold Coast real estate as the ratio of sales- to-list pricing has not dropped below 95% since November of 2009. For more information on available Gold Coast and other downtown Chicago real estate, contact Ted Guarnero with Baird & Warner at (312) 810-6693.
See all homes in downtown Chicago for sale at www.seechicagorealestate.com
Ted Guarnero, REALTOR® is a full-time real estate agent with over 1000 homes sold and $400 million in sales. Working with Compass real estate offering professional and effective real estate services to help you succeed in the local real estate market. Visit www.seeChicagorealestate.com for information on downtown Chicago real estate and to get in touch with an expert in the Chicago real estate market. Before you hire your next Realtor call Ted Guarnero 855-See-Chicago, it's on the House !