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Chicago: Trump condo prices down 12% in 2017
Condo prices at @RealDonaldTrump's Chicago tower falling. Comes after report that Trump condo prices fell across NYC (acc. to @CityRealtyNY), tho @forbes found prices up at Trump Vegas.
Link to tweet
January 16, 2018
Trump condo prices down 12% in 2017
By DENNIS RODKIN @Dennis_Rodkin
During a year when Americans grew deeply divided over virtually all things connected to President Donald Trump, prices dropped on condos in the Chicago tower that bears his name.
Condos in Trump International Hotel & Tower sold for an average of $747 a square foot in 2017, according to data from Gail Lissner, managing director of Integra Realty Resources Chicago. That's down almost 12 percent from 2016, when sales at the 95-story tower on the Chicago River averaged $846 a foot, according to Lissner.
In the same period, prices in the downtown condo market overall rose by 2.8 percent, said Lissner, who has been tracking sales and prices of more than 20,000 units in 65 downtown buildings since 2007.
The Trump building combines handsome architecture, a high level of service from restaurants and other amenities and a top-tier location at a bend in the Chicago River that enhances views east and west. "It's a great building," Lissner said, but "it's come down in the past year, when the market has been going up." ... From 2014 through 2016, Lissner said, the per-foot average in the building ran above $800.
Trump condo prices down 12% in 2017
By DENNIS RODKIN @Dennis_Rodkin
During a year when Americans grew deeply divided over virtually all things connected to President Donald Trump, prices dropped on condos in the Chicago tower that bears his name.
Condos in Trump International Hotel & Tower sold for an average of $747 a square foot in 2017, according to data from Gail Lissner, managing director of Integra Realty Resources Chicago. That's down almost 12 percent from 2016, when sales at the 95-story tower on the Chicago River averaged $846 a foot, according to Lissner.
In the same period, prices in the downtown condo market overall rose by 2.8 percent, said Lissner, who has been tracking sales and prices of more than 20,000 units in 65 downtown buildings since 2007.
The Trump building combines handsome architecture, a high level of service from restaurants and other amenities and a top-tier location at a bend in the Chicago River that enhances views east and west. "It's a great building," Lissner said, but "it's come down in the past year, when the market has been going up." ... From 2014 through 2016, Lissner said, the per-foot average in the building ran above $800.
3 replies
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= new reply since forum marked as read
Perhaps ill-considered words....
