It's unclear why so many people who own condos in Trump Tower are trying to sell right now. Tuesday's data from the local multiple listing service shows 13 percent of the condos in Trump Tower are for sale. Some of those buildings, such as the Hancock, have many more total units than the 468 in Trump Tower, too. Lake Shore Drive (23) and the John Hancock Center (25). The number of listings in Trump dwarfs those in comparable luxury condo towers such as Lake Point Tower (which had 14 active listings Friday), 340 On The Park (13), The Heritage at Millennium Park (6), 600 N. The Trump Organization reported selling its last developer-owned condo in 2014, Lissner said. The stock market has mostly been up since the start of the year.īut 62 listings is unusually high for just one building, especially one that isn't selling new condos anymore. "This is enormous."ĭowntown condo prices have rebounded since the recession, and March marks the early days of the annual spring selling season when well-heeled homebuyers search for new homes. "Nobody has 60 units on the market," said Gail Lissner, vice president of Chicago-based real estate consulting firm Appraisal Research Counselors. Wabash Ave. as of Friday afternoon. Take away the 14 listed "hotel-condos" likely owned by investors, and the tower still has double or triple the number of active listings of any other comparable condo building in Downtown Chicago. There were 62 condominiums listed for sale in the Trump International Hotel & Tower at 401 N. DOWNTOWN - Downtown condos can be hard to find … unless you’re looking in Trump Tower.
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