Great Marketing Sells a Townhome in Streeterville: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Streeterville home search here. 

 

Streeterville

Housing Type: Condo

The biggest increase in listings from last month is in the $400-500k range. Considering the median sales price for condos in this neighborhood was $385,000 this inventory will be welcome. Also welcome is the new construction of One Bennet Place. The luxury condo building won't be delivered until 2019, but the current sales are going to bring attention to the high-end listings in this neighborhood. 

Price Range: $400,000-$800,000 

Streeterville Chicago Real Estate Market Trends

Streeterville Chicago Real Estate Market Trends

Price Range: $800,000+

Streeterville Chicago Real Estate Market Trends

Streeterville Chicago Real Estate Market Trends

 

Streeterville

Housing Type: Townhome

After 209 days on the market the home with the land lease has gone under contract. During its time on the market the price dropped nearly every 2 months. In its last two months the home was listed with a different agent. With her the owners decluttered the home and staged it. Wider professional pictures were taken, making the rooms look brighter. The new description better explained the land lease and what buyers can expect with it and it was not written in all caps, making it easier to read. These are some of the small details that can sell a home. The price was lowered one month after she took the listing and it went under contract about a month later. The home that closed sold for $1,850,000. 

Price Range: $400,000-800,000

Streeterville Chicago Real Estate Market Trends

 

Price Range: $800,000+

Streeterville Chicago Real Estate Market Trends

Streeterville Chicago Real Estate Market Trends

 

Start your Streeterville home search here.

 


 

*In this blog series we focus on one of twenty neighborhoods in Chicago, each day, and provide charts to give you a brief update on the activity that neighborhood has seen over the past month in a variety of price ranges for Single Family Homes, Townhouses, and Condos, as available.

When looking at these charts please keep in mind that not every housing type is available in every neighborhood (the Loop doesn't have houses) and some homes compete within even smaller subsections than these, meaning we can dig even further in this data. Please let me know if you would like a personal assessment of your target market.

 


For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!

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Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
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Thank you for a helpful update on your local market.

Nov 16, 2016 04:23 AM #1
Rainmaker
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Photography, de-cluttering and explaining the land lease are all things that help the marketability. Are 209 days fairly common for properties with land leases in down town?

Nov 16, 2016 04:41 AM #2
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Rainmaker
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Terri Buseman

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