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Archive for April, 2008

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Affordable condos at Galewood

Tuesday, April 22nd, 2008

Austin is home to some of the most affordable real estate in Chicago. The neighborhood also offers several new developments that combine a mix of luxury amenities and excellent prices. One new development in the area is Galewood Condos.

Galewood Condos is a two-story development located at 1839 N. Harlem in Austin. This development offers floor plans ranging from one to three bedrooms.

Residents enjoy a number of luxury amenities, including a gourmet kitchen with granite countertops, an appliance package, and maple cabinets. The master bath comes complete with a Whirlpool tub and separate shower. Other amenities include hardwood floors throughout the main living areas, carpeted kitchens, a fireplace, and parking in the attached garage.

Austin is a pleasant neighborhood with a more suburban feel. However, the neighborhood is well connected to downtown Chicago, and offers a number of urban amenities, including restaurants, shops, and public transportation all within walking distance.

Units in this development won’t last long. Galewood Condos is an excellent choice for buyers on the market for Affordable Chicago Real Estate. Browse through the best Chicago condo developments throughout the city and find the perfect home for you and your family today.

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First quarter sales hit 10-year low in Edgewater

Monday, April 21st, 2008

Sales of condos and lofts in Edgewater slowed during the first quarter to a 10-year low, according to data from the Chicago Association of Realtors.

According to the report, a total of 145 units were sold in the neighborhood during the first quarter, down from 170 units sold during the same period last year. It is the third straight year of declining sales in the neighborhood, after reaching a high of 214 units in 2005.

The drop in demand for condos around the neighborhood led to a slight increase in the average turnover time for units on the market. It took condo owners and developers an average of 154 days to find a buyer during the first quarter, 7 days longer than during the same period last year. It is the longest turnover time seen during the first quarter in more than 16 years.

Prices were down across Edgewater during the first quarter, but it wasn’t enough to bring up demand in the neighborhood. The average sales price fell 5 percent from the same period last year, and now sits at $238,670, a three-year low. Buyers could continue to see even lower prices in the short term for Edgewater condos.

Keep an eye out for great deals on Chicago Real Estate in many of the most popular neighborhoods in the city.

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Luxury condominiums at 200 North Dearborn

Friday, April 18th, 2008

American Invsco is converting a 46-story apartment building into 309 luxury condominium units in the heart of Chicago’s Theatre District. The development, located at 200 North Dearborn, will offer a number of floor plans for buyers to choose from.

Studio, one, and two-bedroom condominiums are all available at 200 North Dearborn. The smallest unit offers a total of 570 square feet of living space, while the largest two-bedroom and two-bath condominium has more than 1,200 square feet of total living space.

Amenities at 200 North Dearborn will include hardwood floors, stainless steel appliances, granite countertops, and incredible views of the downtown Chicago skyline and Lake Michigan from a large private balcony.

The development will also offer an indoor pool, party room, rooftop sundeck, and a modern fitness center. Parking is available in the underground parking garage. Residents are within walking distance of the downtown Chicago business district, and public transportation is found throughout the neighborhood, connecting the area with the rest of Chicago in minutes.

Don’t miss out on these incredible condominiums. Browse through the best new developments currently available on the Chicago Real Estate market in neighborhoods around the city.

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