Put an offer on a condo that was $35k over asking and didn’t get it. Found out they got 31(!) offers. Went on the market Wednesday. Open house Sat-Sun, best and final on Monday. It’s a crazy market right now. 2bd2ba in West Town listed for $450k if curious.

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I live in west town and I am not at all surprised to hear this. It’s close to the highway which is great for commuters. It is fairly close to Wicker and West Loop. There’s also been a lot of traction in west town with the new bakeries (guilottine), restaurants (mister tiger). I also think a lot of people are priced out of Lincoln park and old town and starting to look in other neighborhoods like west town.

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Certainly, same condo in LP would probably be at least $100k more. I rent in LP right now and no chance could we afford to buy here

Unfortunately this is typical in the market; our brokerage is helping people deal with this craziness.

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3250 note?

6.3% rate?

Rates are closer to 6.5% this week I think

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We went 85k over on the north shore recently and weren’t close.

Was talking to a real estate agent last weekend and she mentioned she had a client who bid 100K over listing price on a property and didn't get it.

lol shows how little you know about what’s going on in the neighborhoods… west town is getting billions dumped into the area. Find somewhere else to live if you’re approach is that you’re feeling like you’re having to settle to live in west town. Gtfo

Def not lol

Chicago has been this way since the housing bubble. It will stay this way until there’s deemed another bubble, which unfortunately will happen and the next one will likely be caused by structural economic issues rather than a contrived overacceptance of financial risk

Wow. I went 15k over to get a 3bd condo near western/diversey last Aug. I thought I went too high but see the market is getting even more competitive.

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