|Ohio Street Beach views at Olive Park from 600 N Lakes Shore Drive (all photos Eric Rojas, Broker, Kale Realty)|
Streeterville is known for luxury and efficiency condos in one of the most bustling areas of Chicago. Restaurants, personal services, hair salons, top ranked hospitals, museums, beaches and amusements... its got it all. However we all know dense, heavy service areas were particularly vulnerable to the pandemic. How have Streeterville condos sales looked in 2021 versus "normal" years?
Streeterville Condo Sales January 1st to August 15th, 2021442 Streeterville condos closed so far this year with a median price of $450,000. These are the highest unit sales numbers and median price year to year since 2015. For a moment it looked like there would be a glut of Streeterville condos and deals to be had. That opportunity was short lived!
258 condos sold over the same period in the pandemic year of 2020 with a median price of $427,000. This was a very anxious time early in the crisis with little known about how the year would play out.
In 2019, 355 condos sold with a median price of $400,000
In 2018, 402 condos sold with a median price of $420,000
2017, 412 condos sold with a median price of $383,000
2016, 412 condos sold with a median price of $415,000
2015, 444 condos sold with a median price of $450,000