Candy Factory Lofts

Buyers on the market for a new condominium or loft in neighborhoods north of downtown should check out the many opportunities available in Ravenswood, a popular enclave of Lincoln Square.

One excellent development currently with luxury lofts for sale in the area is the Candy Factory Lofts. This authentic loft development has been converted from an existing historic building, giving residents open floor plans and excellent amenities.

A total of 11 units are available at Candy Factory Lofts. Buyers can choose from floor plans ranging from 900 square feet to 1,500 square feet. Prices start at $235,000 for the smallest loft and range up to $390,000.

Residents enjoy a number of excellent amenities, including an open gourmet kitchen that includes an appliance package, breakfast bar, and plenty of cabinet space. Each loft also comes with oversized windows that allow in lots of natural light, hardwood floors, and a gas burning fireplace. The high ceilings are finished with wood, and large beams give a feeling of elegance.

Candy Factory Lofts also include private parking, a peaceful garden area, and extra storage space.

Residents of Ravenswood enjoy easy access to excellent restaurants, nightlife, shopping, and public transportation. Commuters will love the quick connections to downtown Chicago and Evanston via the Metra station located just two blocks away on West Lawrence and the El train station on North Damen Ave.

If you need to run some errands or spend an afternoon shopping, check out the stores on North Damen Ave. This commercial center for the neighborhood is also home to many restaurants offering cuisine from around the world.

There are also several great parks in the area. Enjoy a warm summer afternoon at Winnemac Park, or head east a few blocks to the Lake Michigan shoreline with its excellent beaches and walking trails.

If you’re thinking about buying a condo or loft in the Lincoln Square area, keep up to date with the latest news coming out of the real estate market in the area.

According to the Chicago Association of Realtors, Lincoln Square is one of the few neighborhoods in the Chicago region that has seen an increase in sales during the third quarter.

A total of 153 condominiums were sold during the quarter, up 20 percent from the same period last year. It is also the most condos sold during the period in more than 16 years.

Prices in the neighborhood have risen by 10 percent since last year, and could continue to rise if demand stays strong in the area. The average sales price for condos and lofts in Lincoln Square during the third quarter stood at $270,000.

However, despite an increase in sales, the inventory of unsold condos and lofts on the market continued to increase around the neighborhood. The average turnover time for a property on the market rose to 93 days during the third quarter.

If inventory numbers continue to rise, this could put pressure on prices in Lincoln Square. However, the neighborhood’s continued popularity should keep prices from falling too far.

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