Buyer's Market in the Gold Coast: Neighborhood Update

Start your Gold Coast home search here.

 

Gold Coast

Housing Type: Condo

 

More homes came to the market than went under contract since our last report. Most of the condos in the Gold Coast are now in a buyer's market. There is a little more inventory than demand. This doesn't mean that homes are lingering on the market. Of the 34 condos that sold 14 did so in less than a month. The median sales price for Gold Coast condos was $399,000.

 

Price Range: $400,000-800,000

Price Range: $800,000+

 

 

 

 

 

Gold Coast

Housing Type: Townhome

No new townhomes have come to the market. The average market time for them is 320 days, the same amount of time it took for the most recent sale! 

 

Price Range: $800,000+

 

Gold Coast

Housing Type: Single Family Home

 

Like we saw with the condos more homes are being listed than selling. However, remember this is the ultra-luxury market. These homes are notorious for taking a long time to sell. Currently the average market time is 298 days.  

 

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

Price Range: $5,000,000+

 

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 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.

 


For information about real estate in Chicago or resources in your area please contact us and sign up for our free market report!

 

Terri Buseman

312-208-5166                               

Terri@TerriBuseman.com

www.TerriBuseman.com

Chicago City Estates Logo         

FB Icon          Twitter Icon         Linked In Icon

 

 

Comment balloon 0 commentsTerri Buseman • July 06 2017 11:13PM

Comments

Participate