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Townhomes at 8200

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Buyers looking for a new condominiums or townhome in Skokie have a few more options on the market. The Townhomes at 8200 are five luxurious townhomes that offer excellent amenities in one of the hottest locations on the north shore.

Norwood Builders, a Park Ridge-based developer, is the company responsible for the luxury development at the corner of Lincoln Avenue and Jefferson Street. The company has built several other projects around the Chicago area in recent years, including the Emerson and Founders row in Mount Prospect and Park Street Crossing in Roselle.

Buyers can choose from five different units at the Townhomes at 8200. The models include three stories with more than 1,800 square feet of living space. The units offer two bedrooms, a den, and two and a half baths. A partial basement is also included in the floor plan.

Prices for these luxury townhomes start at $429,900 to $509,900. Monthly assessments start at $125 per month.

Residents of the Townhomes at 8200 wonít have to worry about parking. Each townhome comes with an attached two-car garage. Guest parking is also available at the development.

Residents will also enjoy the stainless steel appliances, granite countertops, and custom cabinets in the kitchens. Hardwood floors, a fireplace, and washer and dryer also come standard with each unit.

Each unit also comes with ample outdoor space, including a private yard, balconies, and a terrace. A walk-in closet gives residents plenty of storage space. Central air conditioning and heating ensures comfort both in summer and winter.

Residents of the Townhomes at 8200 enjoy one of the best suburban locations in Chicago. Downtown Chicago and Evanston are both within minutes of home via the expressway or Metra.

The area is also home to great schools. The Skokie School District 69 is a highly regarded Chicago-area district. The district is known for small class sizes and an excellent educational environment.

Residents of the Townhomes at 8200 are just steps from some of the best restaurants and nightlife on the north shore. Downtown Skokie offers excellent shopping and dining. Evanston is the center of nightlife for the area, and is home to several great restaurants, bars, and clubs.

If youíre looking for a condo in Skokie, stay on top of the latest news coming out of the real estate market in the region.

According to the Chicago Association of Realtors, sales of condominiums and townhomes have dropped by more than 50 percent during the third quarter, showing a continued weakness in the real estate market.

A total of 48 condos were sold during the period, a 52 percent drop from last year and the lowest total for the quarter in more than 15 years.

As sales drop, the inventory of unsold condos and townhomes on the market continues to grow. According to the C.A.R. report, the turnover time now stands at 139 days, a 124 percent increase in just one year.

As demand plummets and the more sellers compete for fewer buyers, itís no surprise that prices are starting to come down in Skokie. The average sales price during the third quarter was down 9 percent from the same period last year, and now stands at $232,620.

Buyers could continue to see even better prices for condominiums and townhomes around Skokie in the next few months if demand doesnít pick up. Stay on the lookout for great deals in the area.

 

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