North Harbor Drive

Observations and insights into real estate happenings along N. Harbor Dr. in downtown Chicago

East Randolph Street, Chicago

New thoughts from showings in the neighborhood

May 16th, 2009 · No Comments · Uncategorized

Since I have been living in the neighborhood for a few years, I have noticed changes when people buy units these days. It used to be the views for everyone, such as Harbor Point, 155 N Harbor Dr. I remember that I had a clients wants to buy a unit 12 and 13 so bad and I had to ask people if they would like to sell their units. But now we could see that all of these units are on the markets, yes, their price is high but at the same time these units are not gone in one day like before. There are a few reasons for this, one is that the price is high, second is that the assessment is high, such as the 3210 at the 155 N Harbor Dr. this is a short sale unit with listing price for $404,000. This is a great price , but non of my clients want to offer on it due to the high assessment fees. Although this unit has great views to the lake, it is on the market for more than 3 weeks now. I also noticed that there are a few 06 units of 195 N Harbor on sale now, since these units are facing the Harbor Point building, although, it has views to the lake and the park, but people do consider about it is looking at another building. I remember when we bought our unit in 2007, we bought it in 4 days, since there are not so many these kind of unit on the market. So it is a great time to buy now since you could choose from so many places.

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