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Chicago Condos in Demand
Chicago is an energetic city, filled with museums, theaters, restaurants, parks, and beaches. With all of these amenities, it is no wonder that Chicago condos and apartments are in demand by so many segments of the population. Professional singles and couples in the market for Chicago real estate are opting for condos in order to be near jobs, shopping, and the active nightlife. Empty nesters are trading in their suburban homes for the low maintenance lifestyle of condo living. After years of “commuting” to the city’s museums, theaters, and restaurants, the close proximity of Chicago condos to these cultural amenities is another strong incentive to relocate.
Chicago Condo Statistics
- 5,876 units sold in June 2006
- Sales up 3.4% over June 2005
- Median sales price up $11,000 in June 2006
- Median price up 7.7% over June 2005
Great Selection in Chicago Condos
Chicago condos are available in low and mid-priced units as well as the highly sought after luxury units. With the architecture encompassing a wide array of styles, including Art Deco, Beaux Arts, French, Modern, Queen Anne, Romanesque, and Tudor, there is a style available for every taste. One of the prime locations for Chicago condos is the area known as the Gold Coast, and the boundaries of this popular area are expanding as new luxury buildings are constructed along its edges. Preservation of views and neighborhood character are important factors in the planning of Chicago condo projects, and the Gold Coast area is no exception. The buildings have been carefully planned and constructed to fit in with the neighborhood’s vintage brownstones. The buildings may be small compared to other areas, but the units are often quite large – as large as 8,500 square feet. Because the demand is so high, these new, high-end Chicago condos are often completely sold out before construction begins, enabling the developer to customize each unit to the buyers’ specs – from color choices to the placement of interior walls. These exclusive Chicago condos are each designed to fit specific niches of the luxury condominium market with unique amenities. The most prized amenity in Chicago homes is a view, be it a breathtaking view of Lake Michigan or an incredible view of the city. In addition to views, condos may offer twenty-four hour doormen, concierge service, and exercise areas with the most up-to-date equipment. Other specialized amenities include the pre-wiring of units for the most technologically advanced uses and rooftop terraces, complete with paths, benches, and water features. With so many choices available, it is no surprise that the market for Chicago condos is the third largest in the country. If this lifestyle sounds intriguing to you, you can get more information regarding a condominium home by contacting a top Chicago real estate agent. They will assist you in your search of condos so you can find the perfect home for you.
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