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Chicago's Gold Coast neighborhood

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 gold_coast_real_estate_inventory_40011 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.

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