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:

143 Properties Found. Page 1 of 18

Excellent Value And Elegance In This Beautiful,...

NEW Photo of Listing #10574204
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$900,000 New

  • 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...

Stunning Maisonette Balanced With Sophisticated...

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$919,000 Active

  • 3 Beds
  • 2 Baths
  • 1,850 ft²

Residential

1544 North State Parkway #a3, Chicago, IL

MLS® #10569970

Stunning Maisonette Balanced With Sophisticated Modern Design & Classic Elegance Abounds In This Lifestyle Condo! This 3 Bed, 2 Bath Unit W/ A Modern Floor Plan Will Get Your Client The Best Of Both Worlds In This Benjamin Marshall Architectural Masterpiece! This Is Today's Dream Kitchen & Wet Ba...

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...

Enjoy Breathtaking Views Of Lake Michigan & Oak...

REDUCED 7% Photo of Listing #10504511
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$925,000 Active

  • 3 Beds
  • Baths
  • 2,100 ft²

Residential

1110 North Lake Shore Drive #27s, Chicago, IL

MLS® #10504511

Enjoy Breathtaking Views Of Lake Michigan & Oak Street Beach, As Well As Unobstructed City Views. Catch The Navy Pier Fireworks All Summer From Your Own Massive Living Room. This Beautiful 3 Bed/2.1 Bath Condo Was Completely Renovated In 2016 To Include An Open Kitchen With Granite Countertops & ...

Rarely Available! Spacious (approx 1,600 Square...

NEW Photo of Listing #10574097
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$930,000 New

  • 2 Beds
  • Baths
  • 1,611 ft²

Residential

250 East Pearson Street #2801, Chicago, IL

MLS® #10574097

Rarely Available! Spacious (approx 1,600 Square Feet) High Floor 2 Bed 2 Bath Southwest Corner Unit With Fabulous Views Of The City, Lakefront, And Navy Pier. Desirable Split Bedroom Floor Plan, Entry Foyer With 1/2 Bath, Large Updated Kitchen With A Wall Of Windows, Thermostats Throughout The U...

Views! Space! Luxury! Enjoy 40 Ft Of Unobstruc...

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$935,000 Active

  • 3 Beds
  • Baths
  • 2,140 ft²

Residential

1110 North Lake Shore Drive #19n, Chicago, IL

MLS® #10569752

Views! Space! Luxury! Enjoy 40 Ft Of Unobstructed Views Of The Lake, Oak Street Beach, City Skyline, And Fireworks From Floor To Ceiling Windows In Your Gold Coast Home. Spread Out With Plenty Of Living Space, 3 Bedrooms, 2.5 Bathrooms And Only Two Units Per Floor. This Condo Lives Like A H...

Priced To Sell. Brand New Gorgeous Total Renova...

REDUCED 1% Photo of Listing #10409296
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$940,000 Active

  • 3 Beds
  • 3 Baths
  • 1,800 ft²

Residential

505 North Lake Shore Drive #6010, Chicago, IL

MLS® #10409296

Priced To Sell. Brand New Gorgeous Total Renovation (down To The Studs) Of This Sought After South/east/west Facing '10' Tier Corner Unit On The 60th Floor Of The Iconic Lake Point Tower. From Your 60th Floor Aerie, Enjoy Breathtaking Views Of The Lake, River And City That Grows Even More Dramati...

 

Helaine Cohen, Chicago Real Estate Broker

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