@properties Releases 2015 @Report Highlighting Residential Development Trends In Downtown Chicago
CHICAGO (PRWEB) September 24, 2015 -- @properties, the Chicago area’s leading firm for the sales and marketing of new residential developments, has released its 2015 @report, an overview of market trends and pricing for condominiums and townhomes in downtown Chicago. In addition to pricing data on eight core Chicago neighborhoods, the 2015 @report also includes in-depth case studies highlighting key themes in today’s marketplace for new construction, condo conversions and adaptive re-use developments.
The @report covers attached residential sales in the Gold Coast, Streeterville, River North, the West Loop, South Loop, Loop, Lincoln Park and Lakeview. It tracks average price per square foot, market times and inventory levels for new construction as well as existing-home sales.
According to @properties co-founders Michael Golden and Thaddeus Wong, the @report serves as a crucial piece of research for residential developers, investors and institutions. Special features in the current report include:
• Emerging Luxury Development Opportunities, which examines sales above $500 per square foot in two neighborhoods, one with the highest percentage of luxury sales and one with the lowest, in order to assess development prospects in both
• A Tale of Two Hurons, which follows the pre-construction marketing programs of two similar condominium developments that experienced very different sales trajectories
• Less Risky Business, which identifies three recent condominium developments that experienced particularly strong price growth over the last few years
“Last year was an eventful year for Chicago’s housing market despite limited inventory that led to transaction declines in many neighborhoods,” said Golden. “The detailed market data in this year’s report, along with the new case studies, will give our clients a clear picture of local market conditions and help them make informed decisions now and in the months ahead.”
“As condo development ramps back up, there are still major challenges out there for developers. We’re focused on programming, branding and managing risk, and the @report provides valuable market intelligence for our clients based on our recent experiences and observations, as well as hard data,” said Wong.
To download the 2015 @report, visit http://www.atproperties.com/developer-services.
About @properties
Established in 2000, @properties is the No. residential brokerage firm in Chicago with nearly 20 percent market share, the largest independent real estate brokerage firm in Illinois, and one of the top 12 residential brokers in the U.S. by sales volume. @properties has 18 office locations in the city, surrounding suburbs, Southwest Michigan and Lake Geneva, Wisc. For more information, visit http://www.atproperties.com.
Peter Olesker, @properties, http://www.atproperties.com, +1 312-334-8360, [email protected]
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