Inventory remains low, with only 88 condos active as of 11/11/2018 in the entire West Loop market. Prices start at $215,000 with the highest priced condo priced at $5,679,999. With 668 condos sold in 2017 we have barely 1 months worth of inventory for sale. If a condo is correctly priced, you can almost expect to sell within weeks, maybe even days. Multiple offers is not unusual. There was definitely some new construction in the West Loop in 2017, the 2 biggest projects are the 111ume at 111 S. Peoria and The Hayden at 1109 W. Washington. They offer 2, 3, and 4 bedroom homes priced from $875,000 - $3,900,000.
The West Loop is also offering many more luxury condos than they have traditionally offered in the past. Google moved into the West Loop with their new Chicago headquarters at 1000 W. Fulton Market, creating a lot of interest in the Fulton Market District area of the West Loop.
Number of current Active Listings: 88 Highest Priced Listing: $5,679,999 Number of Sales in 2017: 668 Highest Priced Sale this year: $2,225,000 Contingent Sales as of 1/11/18: 51 Pending Sales as of 12/14/13: 143 Lowest Priced Sale this year: $150,500
Let’s check on the 2017 activity in a couple of West Loop buildings
1000 W. Washington Built in 1894 & 1902 this building is the former home of the American Biscuit Co. and in 1995 the building was transformed into 180 units with 160 different floor plans, from 850 to 5000 sq. ft. 1000 W. Washington has some of the most unique and interesting spaces in the West Loop.
Number of current Active Listings: 5 Highest Priced Listing: $3,199,000 Number of Sales in 2017: 20 Highest Priced Sale in 2017: $1,225,000 Lowest Priced Sale in 2017:$265,000 Contingent Sales as of 1/11/18: 3 Pending Sales as of 1/11/18: 0
Skybridge at 737 W. Washington at 39 stories tall is the tallest building in the West Loop with 237 units. A unique feature of the building is each floor has 8 corner exposures and because it is located along the Kennedy expressway guarantees unobstructed east views of the city.
Number of current Active Listings: 1 Highest Priced Listing: $935,000 Number of Sales in 2017: 18 Highest Priced Sale in 2017: $1,275,000 Lowest Priced Sale in 2017:$290,000 Contingent Sales as of 1/11/18: 0 Pending Sales as of 1/11/18: 1
If you are thinking about buying a condo in the West Loop, you need to know what’s going on (or what 2018 has coming) in the neighborhood. You also need to learn about the views, the floor plans and what you get for your money in each building. Sign up today to be notified as new condos come on the market.
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The compilation of listing and market data information is provided by our local MLS system here in the Chicago area (MRED). All information provided is deemed reliable but is not guaranteed and should be independently verified.