Chicago Condo Directory

Rogers Park saw a sharp drop in sales during the first quarter as buyers wait for better market conditions to get in the market.

According to data from the Chicago Association of Realtors, a total of just 75 condominiums were sold in the neighborhood during the first quarter, more than 50 percent less than during the same period last year.  This is the worst result for the market since 1999.

However, despite plummeting sales in the neighborhood, condo owners and developers saw only a slight increase in the average turnover time.  It took an average of 164 days to find a buyer in the neighborhood during the first quarter, up from 150 days a year ago.  However, this is the longest turnover time seen during the quarter in more than 16 years.

Buyers are starting to see lower prices for condominiums around the neighborhood.  The average sales price fell by 6 percent during the first quarter.  However, if demand doesn’t pick up in the short term, prices for condos in Rogers Park could drop even further.

Keep an eye out for great deals on Chicago Condos For Sale in Rogers Park.  Browse through the best new condominium developments in the neighborhood and around the rest of Chicago and find the perfect match for you and your family today.

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Buyers on the market for a luxury condominium or townhome in the heart of Old Town Chicago can find both at one of the most luxurious new developments coming to the neighborhood.  The sales office for ParkSide of Old Town is located at 465 West Division Street.

Condominiums come in both one and two-bedroom models.  Floor plans for one-bedroom units start at 844 square feet and range up to 947 square feet of total living space.  Two-bedroom units range from 1,124 square feet and range up to 1,258 square feet of total living space.

The three-story townhomes are the most luxurious units currently available in this new development.  Each townhome offers up to 2,300 square feet of total living space, including one or two-car garage and a private rooftop deck.

Each unit at ParkSide of Old Town comes with a full list of luxury amenities, including a gourmet kitchen with granite countertops, stainless steel appliances, and a choice of oak or maple cabinets.  Hardwood floors, oversized windows, and private outdoor space are also standard with each unit.

ParkSide of Old Town is one development you won’t want to miss out on.  Browse through the best Chicago Condos For Sale today and find the perfect home for you and your family.

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Sales of condominiums and lofts were down more than 50 percent in 2007, erasing the strong gains seen in 2006.

According to data from the Chicago Association of Realtors, 2006 was the best year on record for the condo market in Elk Grove Village.  Sales soared more than 100 percent in the neighborhood.  However, the market came back to normal in 2007, with 223 condos sold during the year.

The drop in sales led to one of the biggest increases in the average turnover time for any Chicago suburb.  It took sellers an average of 99 days to find a buyer in 2007, three times longer than it took in 2006.

Despite the drop in demand for condos in Elk Grove Village, prices soared by 18 percent during 2007.  The average sales price for condos sold during the year rose to $192,284.  However, this is after a sharp drop in the average sales price in 2006, and is still off the high of $202,788 seen in 2005.

Buyers looking for affordable Chicago Condos For Sale can still find great deals on units around Elk Grove Village.  With a growing inventory of unsold condos on the market, this is still a buyers market.

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