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Buyers looking for an environmentally friendly real estate development in the city had few choices until recently. There are now several condominiums and townhomes that offer energy saving features standard with each unit.
One of the newest green developments to come on the real estate market in Evanston is Church Street Village.
Cyrus Homes, Inc. is the developer behind this new development. The Chicago-based developer has been active in the northern suburbs of the city for several years.
The company has completed over fifty developments, and is currently working on plans for condominium projects in Evanston and Wilmette.
Church Street Village is located at 1613 Church Street, close to downtown.
Buyers can choose from two- and three-bedroom townhomes. Floor plans for the two-bedroom condominiums start at 1,780 square feet and range up to 2,010 square feet.
Prices for the two-bedroom units start at $388,900 and go up to $455,000 for the largest two-bedroom townhomes.
Three-bedroom floor plans start at 2,126 square feet and go up to as high as 2,358 square feet.
Prices for these townhomes range from $447,500 to $467,500.
Amenities at Church Street Village include stainless steel appliances, granite countertops, and a choice of 42-inch cabinets in the kitchens.
Residents also enjoy a one- or two-car garage, fireplace, and prewiring for internet and sound.
Green technology comes standard at the townhomes at Church Street Village. The development comes with a geo-thermal energy heating and cooling system and energy-efficient windows that help save residents money on monthly expenses.
Church Street Village is located next to Mason Park, within walking distance of downtown Evanston.
Commuters have quick access to downtown Chicago via the nearby Metra station.
Church Street Village is located near Willard Elementary School and Evanston Township High School, two quality public schools.
The neighborhood offers excellent restaurants and conveniently located services within blocks of Church Street Village.
If you’re looking for a new condominium or townhome in Evanston, you should keep up to date with the latest numbers coming out of the real estate market.
According to a Chicago Association of Realtors report, there was a significant drop in sales of condos in the area. During the third quarter, a total of 224 condos were sold in Evanston, the lowest total for the period since 2000.
If you’re selling your condo in Evanston, you’re going to have to wait a lot longer to find a buyer. The turnover time for condos and townhomes on the market is currently at 129 days, a 37 percent increase over last year.
As more condos sit longer on the market, buyers should start to see lower prices in the next few months.
The average sales price was up another 7 percent in Evanston during the third quarter. However, if demand for real estate in the neighborhood continues to drop, sellers may be forced to drop their asking price to attract new buyers.
If you’re buying a condo in Evanston, negotiate for a price that reflects the current market conditions.