Start your Gold Coast home search here.
*Allow me to let you in on a little industry secret. We have two ways of collecting these numbers for you. One is through a reporting program in the MLS called Infosparks. The other is by manually looking up the data in the MLS. Infosparks is great for a quick view of the market, however, if you want to dig deeper you need to go to the actual MLS, look up the data manually and you may find that the numbers don't quite match what you found on Infosparks. Infosparks is updated often, but not as often as the MLS and it doesn't show exactly what properties it is reporting on. In providing these reports via Infosparks we have come across some times in which we wanted to dig deeper, but couldn't verify exactly which properties were in the report. Due to that we are now gathering this data straight from the MLS, so if we want to dig deeper the listings we are reporting on will be right at our fingertips.
Gold Coast
Housing Type: Condo
The condo market in the Gold Coast is remaining steady compared with last month. The lower priced condos are enjoying a nearly balanced market at about 5 months supply, more or less. The higher priced condos are showing a buyer's market, but remember there are two new construction buildings adding to the inventory and the $2m+ range currently consists of homes priced from $2-12m, so we can drill down that range even more.
| Price Range | Months Supply | Price Range | Months Supply |
| $2-3m | 7.6 | $7-8m | 1 |
| $3-4m | 7.2 | $8-9m | 2 |
| $4-5m | 4.8 | $9-10m | 0 |
| $5-6m | 3 | $10-11m | 2 |
| $6-7m | 4 | $11-12m | 5.5 |
Price Range: $400,000-$800,000
Price Range: $800,000+
Gold Coast
Housing Type: Townhome
This neighborhood could use some more townhomes listed for under $1m, with 4 under contract there are clearly buyers for this segment. The average market time for those listed over $1m is 205 days so far and none of them are listed for over $2.5m.
Price Range: $400,000-800,000
Price Range: $800,000+
Gold Coast
Housing Type: Single Family Home
There is a little more inventory among the single family houses. The one that is pending went under contract before it was listed. The average market time for the ones that are available is 316 days so far and they are priced between $2-15.75m. There are 3 homes in the $4-5m range, 3 in the $7-8m range and the others are pretty much in leagues of their own at $5.8, $9.5, $12.5, and $5.75m.
Price Range: $1,000,000+
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 only has condos) 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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