Saturday, August 17, 2013

South Loop - "Poster Boy" for Condo Recovery

Good news for condo owners (per Crain's)
After falling the hardest in the great downtown condo bust, the South Loop is rising the fastest in the recovery. 
A recent survey of 65 large downtown buildings found that average condominium resale prices on a square-foot basis rose nearly 10 percent between the first half of 2012 and the first half of this year. The South Loop led all downtown submarkets, with a 20.2 percent gain, according to the survey by Appraisal Research Counselors, a Chicago-based consulting firm.

What do you think?

Are you seeing this?

(Hat tip: FS!)

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