North Harbor Drive

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

East Randolph Street, Chicago

Unit 3208 sold at the 155 Harbor

April 6th, 2009 · No Comments · Uncategorized

The unit 3208 has been on the market for a while, this is a large two bedrooms has lake view,  I mean more than a year. Last summer while I helped my client to purchase unit 5008 in the 155 N Harbor Dr. The unit 3208 was listed for $599,000. My client paid $512,500 for unit 5008. We all know that means unit 3208 would be going down a lot too, since in this market everybody is looking at what is on the market and what was sold for. I noticed the selling price of 3208 is $527,000. That is only 88% of the asking price. In this neighborhood, this is a really low percentage as normally we would see 5-10% of the asking price these days.  But we should understand that the selling price of $599,000 has not been dropped during the time that the other units’ price was dropped.

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