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Gold Coast Market Slower in the Holiday Season: Neighborhood Update

By
Real Estate Agent with RE/MAX Premier Properties

Start your Gold Coast home search here.

 

Gold Coast

Housing Type: Condo

We've had a few homes close and a few go under contract since last month, but not very many have come to the market. Inventory levels are still pretty balanced. The holidays might be keeping some sellers from listing right now, but we always see a rise in buyer activity after the new year and that could entice more sellers to list early in 2017. The median sales price for condos in the Gold Coast was $557,500.

 

Price Range: $400,000-$800,000

Gold Coast Chicago Real Estate Market Trends

Gold Coast Chicago Real Estate Market Trends

Price Range: $800,000+

Gold Coast Chicago Real Estate Market Trends

Gold Coast Chicago Real Estate Market Trends

Gold Coast

Housing Type: Townhome

Only one townhome has come to the market. The less expensive one that is under contract has a market time of 613 days, but the more expensive one was only on the market for 81 days. 

Price Range: $400,000-$800,000

Gold Coast Chicago Real Estate Market Trends

Price Range: $800,000+ 

Gold Coast Chicago Real Estate Market Trends

Gold Coast Chicago Real Estate Market Trends

 

Gold Coast

Housing Type: Single Family Home

There also hasn't been much activity among the single family homes. As we expect with the condos, this will probably pick up after the new year.

Price Range: $1,000,000-5,000,000

Gold Coast Chicago Real Estate Market Trends

Price Range: $5,000,000+

Gold Coast Chicago Real Estate Market Trends

 

 

Start your Gold Coast 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.

 


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Posted by

Terri Buseman

Your Real Estate Partner

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Visit: TerriBuseman.com

Cell: 312 208 5166

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