Aug. 26, 2013

Streeterville Market Conditions August 2013

Streeterville Condo Market Conditions Report

Analysis: There are currently 289 Condos for sale in the Chicago neighborhood of Streeterville and there are 155 additional units that have accepted sales contracts.  The ratio of homes under contract to those that are available is 54% which I consider a very healthy market.  


460 Condos have closed in the last 6 months which represents 50% more units than closed last year during the same 6 month period last year.  There is currently 3.77 months of inventory.

Active: 289

Under Contract:  155

Under Contract Ratio: 54%

Number of Expireds/Cancelled Last 6 Months: 279

# Price Changes in Last 7 Days: 8

 

Sold Last 6 Months: 460

Sold Same 6 months 2012: 307

% Change in # Sold(Y/Y): Up 50%

Closed/Month: 76.67

Months of Inventory: 3.77 months - sellers market

Average List Price of Sold Homes: 653,620

Average Sold Price: 625,843

Sold Price to List Price Ratio: 96%

Sold Days on Market: 105

 

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