The Time to Purchase a Gold Coast or Streeterville Condo For Sale is Now!

Posted by Helaine Cohen on Wednesday, September 24th, 2014 at 2:27pm.

Last week, Zillow released their monthly Buyer-Seller Index for Chicago—a report that helps determine the top buyer’s and seller’s markets in a given area based on stats like days on market, rate of price cuts, and sales-to-list price ratio. To the surprise of some, Streeterville and the Gold Coast are among Chicago’s top buyer’s markets due to what seem like two somewhat compelling figures.  

Although Streeterville and the Gold Coast are widely considered to be among the most prominent neighborhoods in all of Chicago, the average stay on the market for listings in these areas is still in the four to five month range, while nearly half of the recent homes and condos to come to market have experienced from sort of price reduction. To be exact, 41.4 percent of recent Gold Coast listings reduced prices, while Streeterville saw an even higher rate of 42.5 percent, according to the report.

There’s little doubt that the huge luxury rental boom in Chicago is contributing to the slower sales pace and high-rate of price reductions Streeterville and the Gold Coast are seeing, but if there’s one takeaway from the latest Buyer-Seller Index Report, it’s that the time to buy in downtown Chicago is now!

If you’re interested in Streeterville condos for sale or condos for sale in the Gold Coast, contact local downtown Chicago real estate specialist Helaine Cohen to learn more about the state of the market or to start scheduling showing for active MLS listings in Chicago that you’d like to see in person!  

HAVE A LOOK AT SOME OF THE HOTTEST CONDO LISTINGS IN STREETERVILLE & THE GOLD COAST BELOW:

156 Properties Found. Page 1 of 20

Don't Miss This Great Opportunity! Super Luxury...

REDUCED 4% Photo of Listing #10424588
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$915,000 Contingent

  • 3 Beds
  • 3 Baths
  • 2,100 ft²

Residential

512 North Mcclurg Court #4204-03, Chicago, IL

MLS® #10424588

Don't Miss This Great Opportunity! Super Luxury Condo On A High Floor. Meticulously Designed With Stunning Renovations Of Approx 2100 Sq Ft Of One Of A Kind Seamless Harmonious Combination Of 2 Units Offering Expansive Lake, City, Park Views With Vistas Of 3 States! Spacious & Thoughtfully Design...

One Of A Kind Condo In The Heart Of Streetervil...

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$924,000 Active

  • 4 Beds
  • Baths
  • 3,150 ft²

Residential

210 East Pearson Street #14ab, Chicago, IL

MLS® #10440608

One Of A Kind Condo In The Heart Of Streeterville. Rarely Available And Priced To Sell! Stunning Vintage Newly Remodeled Condo Offers 4 Bedrooms And 4.5 Bathrooms, Entry In The Unit Is Through Private Elevator Access. The Unit Features Hardwood Floors Throughout, En-suite Bathrooms, Recessed Ligh...

One Of The Best Values In The Gold Coast! This ...

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$925,000 Active

  • 4 Beds
  • 3 Baths
  • 3,750 ft²

Residential

850 North Dewitt Place #18af, Chicago, IL

MLS® #10398960

One Of The Best Values In The Gold Coast! This 3750 Sqft Double Corner, In Ogden International School District, Lives Like A Single Family With An Attached 1 Bed Apartment! Perfect Setup For An Aupair, Separate Guest / Inlaw Suite! A Truly Custom Home With Stunning Designer Finishes, Built-ins Th...

Rarely Available Corner Condo - Unobstructed Vi...

REDUCED 3% Photo of Listing #10416942
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$925,000 Active

  • 2 Beds
  • Baths
  • 1,621 ft²

Residential

600 North Lake Shore Drive #2501, Chicago, IL

MLS® #10416942

Rarely Available Corner Condo - Unobstructed Views Overlooking The City And Lake Michigan - On Higher Floor In The Sought After Ne Corner '01 Tier. Unbeatable Lay Out And Completely Re-imagined Interior Design By A Highly Regarded Interior Designer. Split Bedroom Floorplan With Two Ensuite Bedroo...

True Elegance Is Found In This Spacious And Lig...

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$925,000 Active

  • 3 Beds
  • 4 Baths
  • 3,000 ft²

Residential

237 East Delaware Place #2a, Chicago, IL

MLS® #10419216

True Elegance Is Found In This Spacious And Light-filled Corner Unit Gold Coast Co-op. The Formal Entry Flows Into An Expansive Living Room With Fireplace And Adjacent Dining Room. The Beautiful Chefs Kitchen Features; White Cabinets, Glass Subway Backsplash, Porcelain Title, Breakfast Area And B...

Get Noticed In This Rarely Available 3 Bed/3bat...

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$925,000 Active

  • 3 Beds
  • 3 Baths
  • 2,460 ft²

Residential

1550 North State Parkway #a1, Chicago, IL

MLS® #10483771

Get Noticed In This Rarely Available 3 Bed/3bath, Two-level Duplex Condo! 1544 N. State Is Located In The Most Prestigious Areas Of Chicago & Lives Like A Single Family Home With A Private Entrance Directly Off State Street. Open Concept Floor-plan Features Gourmet Kitchen, Fireplace, & Hdwd Floo...

You Can't Beat These Spectacular Lake And City ...

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$945,000 Active

  • 2 Beds
  • 2 Baths
  • 1,850 ft²

Residential

1212 North Lake Shore Drive #34cn, Chicago, IL

MLS® #10459799

You Can't Beat These Spectacular Lake And City Views From This East And West Facing Penthouse, Luxury Condo On Lake Shore Drive, One Of Chicago's Most Coveted Streets. Walk Into A Formal Foyer To An Expansive Open Floor-plan With Cherry Hardwood Floors Throughout, Kitchen With High-end Stainless...

Breathtaking Lake Michigan Views From Every Roo...

NEW Photo of Listing #10518080
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$945,000 New

  • 2 Beds
  • 2 Baths
  • 1,700 ft²

Residential

1313 North Ritchie Court #2607, Chicago, IL

MLS® #10518080

Breathtaking Lake Michigan Views From Every Room - There's Nothing Like This Unit On The Market. Every Inch Of This Gigantic 2 Bed/2 Bath Unit Has Been Renovated With Great Attention To Detail. Rarely Available South East Corner Unit With Large Private Terrace Perfect For Watching The Navy Pier F...

 

Helaine Cohen, Chicago Real Estate Broker

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