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:

129 Properties Found. Page 1 of 17

Excellent Value And Elegance In This Beautiful,...

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$900,000 Active

  • 3 Beds
  • 4 Baths
  • 3,000 ft²

Residential

237 East Delaware Place #2a, Chicago, IL

MLS® #10574204

Excellent Value And Elegance In This Beautiful, Spacious Gold Coast Vintage Co-op Home. This Home Like Floor Plan Has Large Scale Rooms, And Is Embellished With Deep Moldings, High Ceilings, Rich Wood Floors And Fireplace. Picture A Spacious Foyer Opening To The Light Filled Living Room Wit...

Check Out Our Interactive 3d Tour! Welcome Home...

REDUCED 3% Photo of Listing #10602875
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$925,000 Contingent

  • 3 Beds
  • Baths
  • 3,000 ft²

Residential

1418 North Lake Shore Drive #2, Chicago, IL

MLS® #10602875

Check Out Our Interactive 3d Tour! Welcome Home To Your Spacious Gold Coast Condo With Magnificent Views Of Lake Michigan, Featuring 3000 Sq Ft Of Living Space With 3 Bedrooms, 3.5 Baths, 2 Parking Spaces, And Huge Private Deck! Enjoy Stress Free Living In This Building With 24 Hour Doorman And P...

** Virtual Tour Available Anytime** One Of The ...

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$925,000 Active

  • 4 Beds
  • 3 Baths
  • 3,750 ft²

Residential

850 North Dewitt Place #18af, Chicago, IL

MLS® #10625581

** Virtual Tour Available Anytime** 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 Stun...

Stunning Renovation Of This 2000 Square Foot 3 ...

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$925,000 Active

  • 3 Beds
  • Baths
  • 2,000 ft²

Residential

1410 North State Parkway #19a, Chicago, IL

MLS® #10699170

Stunning Renovation Of This 2000 Square Foot 3 Bedroom 2.1 Bathroom Condo. Kitchen With Custom Cabinetry, Bosch Appliances, Kallista Fixtures, And Amazing Wet Bar With A Wine Fridge And 2nd Dishwasher That Opens To The Dining Room. Master Suite With Large Bedroom, Walk-in-closet, And Well-appoint...

Sophisticated Luxury Residence On Lsd, One Of C...

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$925,000 Active

  • 2 Beds
  • 2 Baths
  • 1,850 ft²

Residential

1212 North Lake Shore Drive #26cn, Chicago, IL

MLS® #10705576

Sophisticated Luxury Residence On Lsd, One Of Chicago's Most Coveted Streets! Modern Living With Breathtaking East & West View Of The Lake & The City. Enjoy It From The 26' Private Terrace & 2 "juliette" Balconies. This 26th Fl Home Offers A Grand Open Floor Plan With Gorgeous Wide Plank Europ...

Take Advantage Of This Rare Opportunity To Purc...

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$925,000 Active

  • 2 Beds
  • Baths
  • 2,900 ft²

Residential

680 North Lake Shore Drive #604, Chicago, IL

MLS® #10715144

Take Advantage Of This Rare Opportunity To Purchase A Sprawling, East-facing Unit In 680 North Lake Shore Drive's Lake Residences For An Amazing Value. This Gracious 2 Bedroom, 2.5 Bathroom, 2879 Sq. Ft. Floor Plan Features Amazing Bedroom Sizes, Multiple Living Areas, An Extra Room For An Office...

Coveted South And East Views From Nearly Top Fl...

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$935,000 Active

  • 3 Beds
  • Baths
  • 1,750 ft²

Residential

1122 North Dearborn Street #26g, Chicago, IL

MLS® #10702601

Coveted South And East Views From Nearly Top Floor Home At Prime Address, 1122 N. Dearborn, In The Heart Of The Gold Coast. Unobstructed Skyline Views Can Be Seen From This High Floor Home's Balcony And Lake Michigan Views To The East. 3 Bedroom Floor Plan Offers Over 1700 Square Feet, Open Kitch...

Welcome Home To Highly Sought After 600 N. Lake...

REDUCED 5% Photo of Listing #10708697
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$949,000 Price Change

  • 2 Beds
  • Baths
  • 1,691 ft²

Residential

600 North Lake Shore Drive #1408, Chicago, IL

MLS® #10708697

Welcome Home To Highly Sought After 600 N. Lake Shore Drive! Motivated Sellers Say Bring Me An Offer! The Price Has Been Reduced By $100,000 & Includes One Garage Parking Space! A Home This Updated Is A Very Rare Find In The Building! Located In One Of The Best Location In Chicago's Streeterville...

 

Helaine Cohen, Chicago Real Estate Broker

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