If you’re considering purchasing a new home or condo in the downtown Chicago area, you have two choices: Blindly search available properties; or, search Chicago sold properties as part of your due diligence process. In this article, I’m going to show you how our sold search feature can shorten the length of time it takes to find the perfect home by locating recently sold properties in your price range.

Searching Chicago Sold Properties to Solve Your Home and Pricing Mystery

First, an important fact: past results sometimes indicate future results, particularly when it comes to real estate prices. By tapping into the vast information available in our convenient Chicago sold properties database, you can see how much properties in different areas generally cost. Because this database gives you information going back two years, you can quickly see whether prices are currently dropping, holding steady or rising.

By entering in just a few details of the search you’re interested in, you can immediately see the listing price, sold price, date sold, and features and amenities for each of the Chicago sold properties returned in the search results. Seeing the results is simple and straightforward: hover your mouse over the appropriate property type (property symbols are explained in the legend on the search results page).

For instance, if you enter the following search criteria into the Chicago sold properties search engine, you’ll receive 565 matches:
• Price: $400,000-$550,000
• Property type: Condo
• Sold date: 24 months
• Bedrooms: 2
• Bathrooms: 2

Further Refining Chicago Sold Properties Search Results

While you could theoretically hover your mouse over any one of the 565 search results to see some of the details of properties sold within the last two years, you’ll be overwhelmed with information. If you’re thinking about purchasing a condo near downtown Chicago, you probably have a laundry list of features and amenities that fit neatly into your “not critical but nice to have” category – and other items that potentially could be deal breakers if they are missing from a property. By modifying the search string to include Fireplace, Garage and Waterfront/View, sold properties drop to a very manageable 7 results. (Your specific search items could vary, but you get the point.)

Putting the Results to Work in Your Downtown Chicago Sold Real Estate Search

Raw information is useless to you, which is why the advanced features available in the downtown Chicago sold real estate search engine can help you unleash the potential this information has to streamline your property shopping process. Having real-world sales figures from recently sold properties can help you determine approximately how much you might expect to pay for a property in the same area (assuming the property offers amenities and features substantially similar to those in your search results). This information can also be a good starting point when determining how much to offer for any property you’re considering purchasing.

Remember, available properties near downtown Chicago can be hot commodities. While these properties can be expensive, you can get the best possible value by utilizing good information from your downtown Chicago sold real estate search. By combining the valuable information you gather with this handy search tool (and tapping into the knowledge and expertise of a great Chicago real estate broker), finding the perfect downtown property doesn’t have to be a gamble.

If you would like to search the pricing of condos sold in Chicago Click here:

Chicago Sold Property Search.

If you are looking for a full time real estate professional to help you buy or sell your next home, call Christine Hancock 312-296-9300