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Old Posted Aug 27, 2021, 3:44 PM
marothisu marothisu is offline
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Originally Posted by tjp View Post
^ Very interesting!

Crain's also had an article yesterday about how downtown condo sales have recovered to 2019 levels, while prices are still lower. The only downtown submarket still below 2019 sales levels is the Near Northside; the realtor they interviewed blamed the perception of crime.
For awhile as some may have seen I was taking note of every sale above list price i could find. Tons of them in the South Loop (which technically has part of it in The Loop community area). West Loop was kind of hot too. So much of town has been hot for this.

The only part of Near North with this type of activity was River North near the river but west of La Salle. Streeterville, Gold Coast, main part of River North, main part of The Loop, and southern Lincoln Park? Not much going in.

So this certainly jibes with with data I had collected. I think you'd probably see that submarket part of River North with increasing prices but outside of that in NNS..nope.
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Old Posted Sep 11, 2021, 1:51 PM
emathias emathias is offline
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Location: River North, Chicago, Illinois
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Quote:
Originally Posted by marothisu View Post
For awhile as some may have seen I was taking note of every sale above list price i could find. Tons of them in the South Loop (which technically has part of it in The Loop community area). West Loop was kind of hot too. So much of town has been hot for this.

The only part of Near North with this type of activity was River North near the river but west of La Salle. Streeterville, Gold Coast, main part of River North, main part of The Loop, and southern Lincoln Park? Not much going in.

So this certainly jibes with with data I had collected. I think you'd probably see that submarket part of River North with increasing prices but outside of that in NNS..nope.
I live in River North, and there is a perception that crime is higher. Statistically it probably is higher.

But I think a lot of it, too, (sadly) is that a lot of new residents are much more culturally diverse. I've lived here 17 years. It used to be that 90% of the people of color you'd see were either kitchen staff or homeless. Now there is a much more diverse population, which I'm happy to see, but might be intimidating for even older people used to it being a mostly white neighborhood once the Cabrini Green highrises were torn down.

I walked around on a photo walk tonight about midnight carrying about $4,000 in cameras equipment with no real concern. It has also gotten noisier due to the much higher number of restaurants and clubs.

Overall, i don't feel any less safe, i just feel it's more popular and adjusting to that is harder for some people.

Then again, I'm pretty fearless. One of my homeless friends i hadn't seen in a while (an elderly woman) rang my buzzer at 11pm tonight. I was slightly annoyed, but not scared. She was just excited to tell me she finally got stable housing and so wouldn't be on the street anymore. I was genuinely happy for her and have her a hug. So my tolerance is pretty different than most people.
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