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© Jake Tasharski | Chicago | Illinois

JAKE TASHARSKI IS A REAL ESTATE AGENT AFFILIATED WITH COMPASS, A LICENSED REAL ESTATE BROKER WITH A PRINCIPAL OFFICE IN CHICAGO, IL, AND ABIDES BY ALL APPLICABLE EQUAL HOUSING OPPORTUNITY LAWS. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. INFORMATION IS COMPILED FROM SOURCES DEEMED RELIABLE BUT IS SUBJECT TO ERRORS, OMISSIONS, CHANGES IN PRICE, CONDITION, SALE, OR WITHDRAWAL WITHOUT NOTICE. NO STATEMENT IS MADE AS TO ACCURACY OF ANY DESCRIPTION. ALL MEASUREMENTS AND SQUARE FOOTAGES ARE APPROXIMATE. THIS IS NOT INTENDED TO SOLICIT PROPERTY ALREADY LISTED. NOTHING HEREIN SHALL BE CONSTRUED AS LEGAL, ACCOUNTING OR OTHER PROFESSIONAL ADVICE OUTSIDE THE REALM OF REAL ESTATE BROKERAGE.

Chicago Market | Downtown Condo Prices Back Near 2008 High

October 1, 2014

It's been a long time coming but the downtown condo market has almost fully recovered since it's crash in 2008. Now, over 6 years later, condos are selling for roughly 95% of what they sold for during their hey-day. 

 

The survey gathered sales information 65 large buildings across Chicago's downtown neighborhoods. The Loop saw the biggest rebound, with the south loop trailing furthest behind (due to overbuilding at the time). 

 

Diminishing distressed properties were a big factor in the recovery. In 2010 foreclosures/short-sales amounted for almost 1/3 of the market. Today we're tottering closer to 8%. 

 

Now may be a great time to sell. Contact me today for a personalized home valuation. 

 

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