Chicago Condo Directory

The Chicago condo market is suffering from a decline in demand as many buyers are facing increased requirements for new loans from banks and lenders.

However, Woodstock continues to show strong sales.  According to the Chicago Association of Realtors, a total of 25 units were sold in the Chicago suburb during the third quarter, up from 20 units sold during the same period in 2006.

Despite the rise in sales, however, the average turnover time for units sold during the quarter rose sharply as well.  This shows that inventory numbers are increasing in the area and could put pressure on prices.  If you’re selling your condo in Woodstock, it will now take you an average of 113 days, up from 58 just a year ago.

Prices jumped during the third quarter.  The average sales price during the period was 11 percent higher than during the same quarter in 2006.  However, if demand doesn’t pick up for units around Woodstock, many sellers may start to feel pressure to offer great deals to attract new interest in Chicago Condos For Sale in the area.

Buyers should stay on top of the latest news and stats coming out of the neighborhood to find the best deal possible on a condo in Woodstock.

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Residents looking for the latest in luxury amenities on the Near West Side should check out the condominiums available at United Place.  This project by McVan Development, LLC is located at 2126 West Van Buren Street

United Place is just steps from the new United Center, which is home to the Chicago Blackhawks and the Bulls.

Buyers can choose from floor plans ranging from 850 square feet to as much as 1,450 square feet.  Prices for these luxury units start at $295,000 for the smallest one-bedroom condominium.

Amenities at United Place include stainless steel appliances, 42-inch cabinets, and granite countertops.  Residents also enjoy a separate shower and Jacuzzi tub in the master bath.  Each unit also offers a private balcony, washer and dryer hookups, and access to the common rooftop deck.

Commuters will love the easy access to downtown Chicago via the nearby Green and Blue El trains.  The area is also well served by Expressways and CTA buses.

Don’t miss out on the opportunity to enjoy an urban lifestyle in one of the hottest neighborhoods in the city.  Browse through the best Chicago Condos For Sale today and find the home of your dreams.

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Condo owners and developers are facing an increasingly difficult market in Glendale Heights.  The Chicago suburb experienced a sharp drop in sales during the third quarter.

According to data from the Chicago Association of Realtors, a total of 71 condos were sold in the neighborhood during the third quarter.  This is a 35 percent drop from the same period last year and the lowest total for the quarter since 2000.

The drop in sales didn’t come about due to fewer condos on the market.  The average turnover time during the third quarter rose to 132 days as a result of increased competition among sellers.  This is an increase of 65 percent in the average turnover time in just one year.

Increasing competition among sellers and a drop in demand led to lower prices.   The average sales price for condos sold during the third quarter was one percent lower than during the same period in 2006.

Buyers who have access to credit can find great deals on Chicago Condos For Sale around Glendale Heights.  Look for even better deals in the neighborhood if demand doesn’t increase in the short term.

Technorati Tags: Glendale Heights Condos For Sale, Chicago Condo Report, Chicago Real Estate