Monthly ArchiveMay 2008

chicago-condos Dave on 31 May 2008

Ultra luxurious finishes for each unit at the Chicago Spire

With a price tag as high as $40 million, units at the Chicago Spire had better offer something more than granite countertops and stainless steel appliances.

The architect, Santiago Calatrava, took a group of reporters through the sales center for the Chicago Spire late last year, and showed them what buyers can expect from these ultra luxurious units.  For example, residents of the Chicago Spire won’t just have a master bathroom, they’ll have their own spa, a place to relax and unwind after a long day.

The collection of appliances won’t just be your run of the mill brand name.  The modern kitchens will offer the finest appliances, and an attention to detail in every aspect of the construction.

However, with the average unit costing more than $2 million, buyers will also have a lot of input in the final design and features in their home.  The sales center will work with buyers to give them exactly what they want at the Chicago Spire.

When complete, the tower will soar 2,000 feet over Lake Michigan, and will be one of the most distinct landmarks in the city.

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chicago-condos Dave on 31 May 2008

Woodlawn condo sales down during first quarter

The Woodlawn real estate market suffered a drop in sales after seeing one of the strongest results for the first quarter a year ago.

According to data from the Chicago Association of Realtors, a total of 21 condos and lofts were sold in the neighborhood during the first quarter, down from 33 units sold during the same period last year.  It was the fewest sales seen during the quarter since 2003 in Woodlawn.

The drop in demand led to a decline in prices as buyers focused on the most affordable units around Woodlawn.  The average sales price fell by 13 percent during the first quarter, and could continue to drop as sellers wait longer to find a buyer in the neighborhood.

If you’re looking to sell your condo or loft in Woodlawn, it will now take you an average of 217 days to find a buyer, one of the longest turnover times for any Chicago neighborhood.  This is an increase of more than 60 percent in one year in the average market time.  It took just 136 days to find a buyer a year ago.

Buyers should keep up with the latest news and stats for the Woodlawn market and take advantage of great prices on Chicago Condos For Sale in the neighborhood.

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chicago-condos Dave on 29 May 2008

Money back guarantee at Renaissance Lofts

With the real estate market in Chicago in array, many developers are rolling out some of their most interesting incentives yet.  One development that is really turning heads with its newest promotion is Renaissance Lofts.  The developer is currently offering the only two-year money back guarantee on the market.

Buyers have the freedom to buy a contract at Renaissance Lofts and resell it to the developer within two years, for any reason at all.  If you don’t love living in this development, then you’ll have the perfect way to unload your loft even if the real estate market is still down.

Renaissance Lofts is a project by the Kopley Group.  The development is located at 1791 West Howard Street, and offers a number of one and two-bedroom lofts for sale.  Prices for one-bedroom lofts start from the mid $180s.  Two-bedroom units are also available, and are priced from just $229,000.

Residents enjoy wide open floor plans, private balconies, hardwood floors, and oversized windows that let in plenty of natural light throughout the day.  These modern lofts are among the best new Chicago Condos For Sale.  Check out the best new luxury condos and lofts in the city today.

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