Monthly ArchiveJuly 2008



chicago-condos Dave on 28 Jul 2008

Acadia on the Green

Acadia on the Green is one of the most luxurious units planned for the Chicago suburbs.  This 120-unit building is located in the heart of Downer’s Grove, right next to the Metra station.  Built by New England Builders, Inc, this development is the perfect choice for buyers looking for a luxury condo in the suburbs.

Buyers can choose from a number of different floor plans.  The most affordable unit is a one-bedroom condominium that offers a total of 774 square feet of living space.  This unit is priced at just $173,900.  The largest condominiums offer two bedrooms with 1,917 square feet of living space.  These units are priced into the low $440s.

Buyers will love the long list of amenities that include stainless steel appliances, granite countertops, and hardwood floors.  Residents enjoy plenty of parking, and are within walking distance from most of the amenities in downtown Downer’s Grove.

Whether you want to go out for a bite to eat or a long night on the town, everything you need is within walking distance from home.  The downtown Chicago business district is easily reached from home, with the nearby Metra station connecting you conveniently.  Don’t miss out on these great Chicago Condos For Sale.

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chicago-condos Dave on 25 Jul 2008

Sales down 40 percent during second quarter in North Center

Sales of condominiums and lofts were down by 40 percent during the second quarter, one of the largest drops seen in recent months in the neighborhood. 

According to data from the MLS for the quarter, a total of 113 units were sold during the second quarter, down from 187 units sold during the same period in 2007.  However, it was a marked difference from the first quarter, when just 65 units were sold. 

Prices continued to rise during the second quarter as buyers focused on the most expensive units in the neighborhood.  Sales of one-bedroom condominiums were down by 53 percent while the largest units saw a drop of just 21 percent in sales during the quarter. 

The relatively strong sales of the largest units led to a slight increase in the average sales price during the second quarter.  The average sales price hit $393,577, up 4 percent from the same period last year.  However, prices for one-bedroom units were down 1 percent, while two-bedroom units saw a 5 percent drop in prices. 

Buyers should stay on the lookout for great deals on Chicago Condos For Sale around North Center. 

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chicago-condos Dave on 23 Jul 2008

Prospect Heights condo sales down nearly 50 percent

Sales of condominiums and lofts fell sharply during the first quarter in Prospect Heights as buyers face added difficulty when it comes time to find a mortgage.  The Chicago suburb was one of many in the region to see a slowdown in sales in recent months.

According to data from the Chicago Association of Realtors, a total of just 16 units were sold during the first quarter, nearly a 50 percent drop in demand from the same period last year, when 31 units were sold during the first quarter.  Buyers, however, did not see lower prices as a result of the drop in demand.

The average sales price actually rose during the first quarter in Prospect Heights.  The area saw an increase of 18 percent in the average sales price from the same period last year.  It was one of just a few around the area to see prices rise.  However, this is more due to buyers focusing on the more expensive units in the area, rather than a wholesale increase in condo values.

Sellers, in the meantime, are facing one of the slowest markets in recent memory in Prospect Heights.  It now takes an average of 152 days to sell Chicago Condos in the neighborhood, the longest it has taken in more than 17 years.

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