Downtown condo sales: who was busy in the first quarter of 2010?

200 N Dearborn St, Chicago

More than 55 percent of downtown Chicago’s new condo and townhome developments reported an increase in the number of units sold from the fourth quarter of 2009 and the first quarter of 2010, according to the latest Downtown Chicago Residential Benchmark Report from Appraisal Research Counselors. Even then, the increases tended to be minimal, except in buildings with aggressively discounting or auctions. Luxury developments saw little activity, due to their smaller bases of buyers and a lack of discounting on high-priced units.

The 14 units below recorded the greatest net increases in sales from 4Q ’09 to 1Q ’10:

Library Tower, 520 S State St, Chicago