Profile picture for rdholdway

How are values doing on new/preconstruction condos in Chicago. Closing date May 2010

  • December 30 2008 - The Loop
  • 0Yes

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Answers (2)

There is no definite answer for all of Chicago. What area are you talking about? Have you already made a purchase?
  • January 03 2009
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Profile picture for jal74
Dropping like a rock through 2011.  There was a crains article like 4-5 months ago that showed the number of condo's that will be coming online in the next 3 years and the supply is staggering considering that there is no absorbtion currently.

A lot can change between now and 2010 so if you haven't put a lot of skin into your expected closing (which I hope you haven't) than you need to keep tabs on the market every quarter or so between now and Q1 2010.

Kind Regards
  • December 30 2008
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