The new $8000 tax credit incentive is having a positive impact on the Chicago real estate market. Home sales for Cook county had a 38 percent increase last month, however they are still far behind the numbers from this time last year. While foreclosures are still a driving force, they appear to be declining in proportion. Last week’s sales of 148 condos and townhouses featured only 22 percent distressed sales.
One outstanding Chicago condo neighborhood is River North. First Thursdays in River North are a wonderful chance to explore River North’s art galleries, and maybe sample some free wine. River North is known for top cultural activity, great hotels, superb restaurants, proximity to the Magnificent Mile and the Financial district. And now, River North condos are a great opportunity in today’s recovering real estate market.
And speaking of great deals – at CondoDomain, we give you money back at closing.