Chicago Condo Directory

If you’re shopping for a condo in the Chicago suburbs, you may want to check out what’s going on in Glenview.  The north shore neighborhood has seen a huge drop in the average sales price for condominiums.

According to the third quarter report from the Chicago Association of Realtors, the average sales price in Glenview dropped by 21 percent from the same period last year, one of the largest declines for any Chicago suburb.

The average sales price now stands at about $250,000, just under $100,000 less than last year.

It’s truly a buyer’s market in the city, as condos sit on the market an average of 111 days.  The turnover time increased by 44 percent in just one year, and by over 200 percent in five years.

However, despite the marked drop in prices for condos in Glenview, demand continues to drop to levels not seen in several years.

A total of 70 condominiums were sold in the city during the third quarter, the lowest total for the quarter since 1995.

If you’re on the market for quality north shore real estate, you can find some of the best Chicago Condos at a bargain in Glenview.

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