Quote of the day: Buyers still pay a premium for new construction

Wrightwood Crossing, Lincoln Park, Chicago

This is about driving off the lot in a NEW car. It does not matter to these buyers that they are usually far outpacing the median price per square foot for the market. They are the market.

– Realtor Eric Rojas, on the continued appeal of new construction homes like the ones at Wrightwood Crossing in Lincoln Park, where buyers are spending top dollar for three- and four-bedroom condos ($381 per square foot in at least one case).

Curbed has a construction update.

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