July 29th, 2008
The Trump International Hotel and Tower continues to market its luxury condominiums and hotel suites out of the sales center. However, buyers interested in living in the landmark Chicago building don’t have to pay what the developer is asking.
There are currently several units available on the market at prices that are often below the level seen in the sales center at Trump. Some people who have bought a unit at Trump’s development are facing financial difficulties. One example of a great deal currently on the market is a one-bedroom hotel unit that is offered at $1 million. The price for the same floor plan in the sales center at Trump would be $1.5 million.
Buyers looking for a larger unit can also find some great deals. A two-bedroom hotel suite is currently listed at $2.6 million by a private owner. The price for the same floor plan if you go through Trump is $3.2 million, representing huge savings for buyers ready to make their move.
Another affordable deal is a one-bedroom and 1.5-bath unit located on the 42nd floor. This unit is priced at $799,900. These condominiums and hotel suites are among the most luxurious on the Chicago Real Estate market, and are setting a new trend in downtown living.
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July 28th, 2008
West Ridge was one of just a few neighborhoods to see a rise in sales of condos and lofts during the second quarter. Sales were up by 23 percent in the neighborhood, an impressive result and great news for condo owners and developers.
According to data taken from the MLS for the second quarter, a total of 211 condos were sold during the period, up from 172 units sold during the same quarter last year. When compared to the first quarter, the rise in sales is even more notable. Only 63 condos were sold in West Ridge during the first quarter.
Lower prices may have helped spur demand to a new high for the year. Prices were down by 41 percent from the same period last year, as condo owners and developers looked to sell their units as quickly as possible. A year ago, the average sales price stood at $224,581. However, today it is just $132,425, an affordable price for many buyers.
Sales of one-bedroom units soared during the second quarter, up more than 500 percent from a year ago. A total of 158 units were sold in West Ridge. Buyers on the market for larger condos are seeing lower prices and fewer sales, however. Keep an eye out for great deals on Chicago Real Estate in the neighborhood.
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July 25th, 2008
It’s been difficult to track down solid information on what was at one point one of the most talked about new developments in Edgewater. Bluewater 5440 promises to bring a unique luxury lifestyle to the neighborhood, and the sales center is now open for interested buyers.
The development will offer several floor plans for buyers to choose from in the 15-story condominium tower. Studios, one, two, and three-bedroom condominiums are available. Also, the development will also include several townhomes and even a few two-bedroom beach homes, which will be some of the most interesting opportunities for buyers looking for a suburban lifestyle without leaving Chicago.
Prices for these luxury condominiums will start in the low $200s for the smallest one-bedroom units, while two-bedroom condominiums are priced to just over $500,000. Residents will enjoy a full range of amenities, including onsite parking, a fitness center, rooftop deck, and 24-hour doorman.
Stop by and check out the floor plans at Bluewater 5440, or check out the many other preconstruction condos currently available on the Chicago Real Estate market. There have never been more options for buyers to choose from in neighborhoods around the city.
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