Chicago Condo News

The real estate market around Chicago has seen a drop in demand in almost every neighborhood across the city. Albany Park was no exception.

According to data from the Chicago Association of Realtors, a total of 46 units were sold around Albany Park during the fourth quarter, down from 54 units sold during the same period in 2006 and well off the high of 103 units sold two years ago.

However, despite the drop in demand in the area, the average turnover time in the neighborhood rose just slightly. If you’re selling your condo in Albany Park, it will now take you an average of 139 days to find a buyer, up from 136 days a year ago.

The drop in demand wasn’t enough to bring prices down in the neighborhood. According to the C.A.R. report, the average sales price during the fourth quarter r ose by 5 percent from the same period in 2006. If demand continues to fall, buyers could start to see prices level off around Albany Park.

Browse through the best Chicago Condos For Sale on the market in neighborhoods around the city and find the right home for you and your family today.

Technorati Tags: Albany Park Real Estate, Albany Park Condos For Sale, Chicago Real Estate

Metropolitan Place was one of the first mixed-use developments to come to the West Loop. Converted in 1999 from an office building, the development now offers a total of 212 condominiums. Floor plans range from 860 square feet for a one-bedroom unit to 2,150 square feet for a two-bedroom condo.

Residents of Metropolitan Place enjoy a number of luxury amenities. The gourmet kitchen comes with an island layout, granite countertops, and stainless steel appliances. The master bath offers a separate tub and walk-in shower, with marble floors and vanity tops.

The development also offers a number of common amenities, including a modern fitness center, indoor heated parking, and onsite management. Each unit comes with an oversized terrace and a washer and dryer.

The neighborhood is one of the most conveniently located in the city. Metropolitan Place is located next to Union Station and is within walking distance of most of the downtown Chicago business district. The area is home to several bars and restaurants, and is steps from Greek Town and Little Italy.

If you’re in the market for a new luxury condominium close to downtown Chicago, browse through the best Chicago Condos For Sale today.

Technorati Tags: Chicago Condos For Sale, Chicago Real Estate, Metropolitan Place

Sales of condos around Chicago were down in many neighborhoods around the city. Even Logan Square, which has enjoyed a strong increase in sales in recent years, saw a 28 percent decline during the fourth quarter.

According to data from the Chicago Association of Realtors, a total of 113 condos were sold in the neighborhood during the fourth quarter, down from 156 units sold during the same period in 2006.

The drop in sales led to a slight increase in the average turnover time for condos on the market. If you’re selling your condo in Logan Square, it will now take you an average of 114 days to find a buyer, up from 98 days a year ago.

Declining demand in the area also led to lower prices. The average sales price during the fourth quarter dropped by 2 percent from the same period in 2006, and could continue to drop if demand doesn’t pick up in the short term.

If you’re looking for Chicago Condos For Sale at an affordable price, Logan Square now offers excellent opportunities. Browse through the best condos on the market and find the perfect home for you and your family today.

Technorati Tags: Chicago Condos For Sale, Chicago Real Estate, Logan Square Condos For Sale