Residences at 8200

If you’re in the market for a new condominium in the northern suburbs of Chicago, take a look at the Residences at 8200, in the heart of Skokie.

Norwood Builders is the company behind the luxury condominiums and townhomes at 8200 North Lincoln. The company has a long history of building quality homes and condominiums throughout the Chicago region. Bruce Adreani is the current president of Norwood, and is leading the family business into the 21st century with several incredible projects, including the Residences at 8200.

Buyers can choose from several models at the Residences at 8200. One and two-bedroom models are still available. The Crawford offers a one-bedroom floor plan, perfect for a young professional looking to get into the market. The Drake is a larger one-bedroom condo that includes a den or office space.

One-bedroom condominiums start at 990 square feet, and are priced from $274,900. Two-bedroom units offer as much as 1,622 square feet, with prices up to $459,900. Maintenance fees at the Residences at 8200 range from $171 to $364 per month.

These luxurious condos come with a full appliance package and custom cabinets in the kitchen, extra large windows that let in lots of natural light, and ample outdoor space for residents to enjoy a warm evening or start a garden.

Parking is also provided onsite at the Residences at 8200.

Buyers can also save the hassle of shopping for new furniture by choosing the furnished units at the Residences at 8200.

The neighborhood is one of the biggest draws for buyers choosing a condominium here. The highly regarded Skokie School District offers small class sizes. Lincoln Junior High School is just a few blocks away.

Skokie is also home to great shopping and restaurants. Downtown Skokie offers everything residents need for a night out on the town or a day of shopping. Browse through the boutiques, antique shops, and brand name stores around downtown.

Commuters will love the quick connections to downtown Chicago and Evanston via the Metra.

If you’re interested in visiting the sales center for the Residences at 8200, take I-94 to Rt 58 east. Turn south on Gross Pointe Road to Lincoln Avenue. The sales center is located east on Lincoln Avenue.

Buyers interested in buying a condominium in Skokie should stay on top of the latest news coming out of the real estate market to make the most informed decision.

According to the Chicago Association of Realtors, sales of condos in Skokie plummeted more than 50 percent during the third quarter. A total of 48 condos were sold in the area during the third quarter, a 52 percent drop from the same period last year. It is also the slowest sales for the third quarter in more than 15 years.

Sellers are facing one of the slowest markets in years. Developers and homeowners must now wait an average of 139 days to find a buyer. This is more than double the turnover time seen last year, when sellers had to wait just 62 days.

With such a dramatic downturn in market conditions around Skokie, it should come as no surprise that the average sales price for condos dropped by 9 percent during the quarter. Buyers could continue to see even lower prices in the next few months in Skokie if demand doesn’t recover in the short term.

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