“New downtown condo sales down 36% last year”
February 15th, 2008(Crain’s Chicago Business).
Sales of new downtown condominiums and townhomes fell 36% last year, and developers will face a big test in 2008, when nearly 6,000 units become ready for occupancy. Condo and townhome buyers signed contracts for 3,700 units in 2007, down from 5,783 in 2006, according to Appraisal Research Counselors, a Chicago-based real estate consulting firm. Sales have fallen ...