Chicago Condo Directory

The real estate market around Chicago has suffered in recent months from a decline in demand for condos and single-family homes.  However, some neighborhoods are seeing a renewed interest from buyers.

The Near North Side has long been the most active condo market in Chicago.  However, the past several years have brought a decline in sales in the area.  During the fourth quarter, buyers on the Near North Side reversed that trend.  According to the Chicago Association of Realtors, a total of 717 units were sold in the neighborhood during the fourth quarter, up from 644 units sold during the same period in 2006.

The rise in demand helped bring down the average turnover time for units on the market.  If you’re selling your condo on the Near North Side, it will now take you an average of 105 days to find a buyer, down from 114 days a year ago.

Meanwhile, prices continued their upward march, helped out by the number of new ultra luxurious developments.  The average sales price during the fourth quarter posted a 4 percent jump from the same period in 2006.

Buyers looking for the best Chicago Condos For Sale in the city can always find exactly what they’re looking for in this amazing neighborhood.

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