Chicago Condo News

Mountain Prospect residents can now enjoy the benefits of condo living without having to move to Chicago. Construction has been completed on the Emerson at Village Centre.

The Emerson offers 52 condominiums with a variety of floor plans, including duplex units. Buyers can choose from one- to three- bedroom condominiums, ranging in size from 886 square feet to over 1,700 square feet for duplexes.

Amenities include stainless steel appliances, hardwood floors, and quality fixtures throughout the condo.

Each condo includes a large terrace with excellent green views, offering fresh air and privacy. The Emerson is attracting buyers from all over the Chicagoland area. Young professionals moving out of downtown Chicago or families looking for their first home are choosing to live in this luxury condo development in Mount Prospect.

There are quick connections to downtown Chicago and other parts of Illinois via public transportation and expressways. The Emerson’s location in downtown Mount Prospect also gives residents easy access to shopping and restaurants within just blocks of home.

Prices for condos in the Emerson start in the low $200s, and go up to the low $500s for duplex units.

Technorati Tags: Chicago Real Estate, Chicago Condos, Suburban Chicago Condominiums, Mount Prospect Real Estate

If you’re planning on selling your condominium in Chicago, it’s going to take you longer than you thought.  The average turnover time for the second quarter of 2007 was up throughout the city.  According to the Chicago Association of Realtors, it was up an average of 10 days across the Chicago real estate market. 

Some neighborhoods have been harder hit by higher turnover times.  Uptown was the hardest hit of the large Chicago neighborhoods.   If you own a condo in Uptown, it will now take you about 66% longer to find a buyer.  The average wait this year is about 141 days, up from 85 last year. 

If you own a condo in Rogers Park, it’s going to take you 153 days to sell your condo, up from 96 a year ago.  Which owners have the longest to wait?  Well, if you live in Austin it’s going to take a whopping 210 days to find that buyer. 

The neighborhoods with the best turnover times in the current Chicago real estate market are generally characterized by few condo sales.  These are usually areas with single family homes. 

However, of neighborhoods with large amounts of condo sales, Lincoln Park and South Deering have the lowest turnover times.  If your condo is for sale in Lincoln Park, it should take you 97 days to sell, just below the Chicago average.  South Deering condo owners only have to wait 48 days. 

Technorati Tags: Chicago Condo Sales, Turnover Rate Chicago Real Estate, Chicago Condos For Sale