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Chicago Condo Sales Are on the Downswing

The real estate market is on the upswing In Chicago, but condos are an entirely different story.

In the week ended Sept. 26 and most of the previous two months, 1,000 or more condos came on the market in Chicago, according to data by the Chicago Association of Realtors.

"The condo market is quieter than I've ever seen it," says Linda Levin, a veteran downtown agent for Jameson Sotheby's International Realty.

What’s driving this downturn? Pretty much all the usual 2020 suspects: Covid-19 and civil unrest in the streets.

"People are concerned about going in elevators, they're concerned about being in confined common spaces" Levin says. "They're concerned about what Michigan Avenue looks like with the police presence that followed spasms of civil unrest.”

Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.


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