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George Court Lofts

Buyers on the market for a new luxury condo or loft should check out the many new developments on the market in Lakeview. The neighborhood has become one of the most popular destinations for young professionals looking for an active nightlife and affordable housing minutes from downtown Chicago.

One excellent new development in Lakeview is George Court, located at 1235 West George Street. This three-story building offers a total of 8 luxurious lofts. These one and two-bedroom lofts feature spacious floor plans ranging from 800 square feet to 1,000 square feet. Prices start at $200,000 for the smallest unit and range up to $300,000 for the largest loft.

Residents of George Court Lofts enjoy luxury amenities including a gourmet kitchen packed with an appliance package, granite countertops, and plenty of space to entertain friends. Bathrooms come with a large shower and Jacuzzi tub. These lofts also offer plenty of extra storage space, huge windows, and gated entry.

The incredible location in the heart of Lakeview is one of the main draws for residents of George Court Lofts. Commuters will love the easy access to downtown Chicago via the El train and CTA buses. The nearest El station is located just three blocks away on West Diversey.

The area also offers plenty of shopping and restaurants along Lincoln Ave, Racine Ave, and Diversey. The nightlife in Lakeview attracts people from around the city looking to enjoy the best clubs, bars, and live music in the region.

George Court is steps from excellent parks and professional sporting events. Residents can enjoy a Cubs game at historic Wrigley Field and then head out to celebrate a victory in the many bars around the area. The Lake Michigan shoreline is a few blocks away, offering incredible green spaces, walking trails, and bike paths with views of the downtown Chicago skyline.

If you’re in the market for a new condominium or loft in Lakeview, keep up with the latest news coming out of the real estate market to make the right decision for you and your family.

Sales in the area have taken a hit as a result of problems in the mortgage market. According to the Chicago Association of Realtors, a total of 700 units were sold during the third quarter, a six percent drop from the same period last year. It is also well off the high of 941condos sold during the third quarter of 2005.

However, the drop in sales hasn’t led to an increase in inventory of condos and lofts for sale in the neighborhood. According to the C.A.R. report, the average turnover time for a unit on the market remained steady at 94 days, two days below the average for all of Chicago. This is good news for owners and developers, as many neighborhoods in the city are seeing a marked increase in the inventory of unsold units.

Prices continued to rise in Lakeview during the third quarter. The average sales price was up another four percent from the same period last year, and could continue to rise if demand remains steady.

However, as the real estate market around Chicago experiences a marked drop in sales, prices in Lakeview could come down. Buyers should stay on the lookout for great deals on incredible condos and lofts in this popular neighborhood.