The 680 N Lake Shore Drive building has seen an uptick in sales in 2016. There have been 16 units sold or pending so far this year while 15 places sold in all of 2015. The estimated average price per sq. ft. based on MLS numbers has gone from $233 per sq. ft. in 2015 to $266 in 2016. The average asking price is currently an optimistic $315.
The near north side, unfortunately they lump the Gold Coast, Streeterville and River North all into one neighborhood, has seen the median sale price of condos go up 4.1% year to date. While sales have declined .4% and market time has gone up from 85 days to 91. The inventory of homes for sale has dropped 13.6% If mortgage rates remain this low and the economy does not stall we should see some upward pressure on prices.
Sold Units in 2016
These number are based on the data available on the MLS system. Some foreclosures and other sales may not be represented.
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